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Stock impact report

Flowco Holdings: A Downturn In Oil Is Exactly What This Company Wants [Seeking Alpha]

Flowco Holdings Inc. Class A (FLOC) 
Company Research Source: Seeking Alpha
FLOC's rental-focused model enables operators to maximize free cash flow by shifting capital spend to OPEX, creating win-win customer relationships. The company's addressable market is any active well, making FLOC less sensitive to rig counts or total production volumes. FLOC trades at a discount to comparable rental-based peers, with potential for multiple expansion as its rental fleet grows. I rate FLOC as a BUY with some risk identified from the company's ownership structure. J Studios/DigitalVision via Getty Images Thesis Flowco Holdings ( FLOC ) is an oil and gas field service provider that actually benefits from the recent overall decline in sector profitability. The company offers downhole and surface equipment that boosts overall production This article was written by Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote th Show less Read more
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