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By Reuters Staff
2 Min Read
(Reuters) - Shale investor Dan Wilks on Monday reported a 5.13% active stake in NexTier Oilfield Solutions, saying the shares of the U.S. provider of hydraulic fracturing services are “undervalued” and that he may push for a sale or other alternatives.
The billionaire Wilks brothers have been acquiring stakes in hard hit services firms across North America, with Dan Wilks last month reporting a 7.5% active stake in troubled oilfield services firm ProPetro Holding Corp.
Wilks Brothers LLC already owns hydraulic fracturing firm ProFrac Services and had recently engaged in a lengthy takeover battle for Canada’s Calfrac Well Services Ltd.
Edison, NJ (SBWIRE) 12/21/2020 Latest Market intelligence report released by HTF MI with title COVID-19 Outbreak-Global Frac Services Industry Market Report-Development Trends, Threats, Opportunities and Competitive Landscape in 2020 is designed covering micro level of analysis by manufacturers and key business segments. The COVID-19 Outbreak-Global Frac Services Market survey analysis offers energetic visions to conclude and study market size, market hopes, and competitive surroundings. The research is derived through primary and secondary statistics sources and it comprises both qualitative and quantitative detailing. Some of the key players profiled in the study are Halliburton, Calfrac Well Services, Baker Hughes, FTS International, Keane Group & Schlumberger.