brewer12345
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Mar 6, 2003
- Messages
- 18,085
I am getting some shares of newly-created Seventy Seven (SSE) as part of a spin-off. This is an oilfield services company that appears to be among the mid-sized players that are below the behemoths like Haliburton, Schlumberger, and Baker Hughes. I do not follow the services industry, although I have a decided view on oil and gas. Since spin-offs often get ruthlessly sold down by the investors who suddenly get spin-off shares they never bought/wanted, I suspect I will have to decide quickly on whether and where to catch this falling knife. Anyone follow this industry? Have views on the onshore oilfield services industry or SSE in particular?