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C&J Energy Services, Ltd. Message Board

  • tradingishard tradingishard Dec 18, 2012 10:40 AM Flag

    Goldman initiates CJES with abut and $26 target

    The firm thanks CJES's transition of its tracking fleet from contracts to the spot market will occur more smoothly than most expect; although CJES will be impacted by the lower pricing environment, utilization should hold steady.

    Pretty good outlook...

    Sentiment: Strong Buy

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    • Although, this could be the reason Goldman is all of a sudden covering and initiating with a "buy":

      "Goldman, Sachs & Co. is acting as the sole underwriter for the offering. Goldman, Sachs & Co. may offer the shares of common stock from time to time for sale in one or more transactions on the New York Stock Exchange, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices." - in regards to the 3 + million shares. Goldman is a bunch of cold blooded crooks.....

      Still a buy though up to $25. ;)

    • Abut = a buy

      Gotta love the pad

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