Exxon Mobil (NYSE: XOM) and Chevron (NYSE: CVX) are plunging at least 1% as the oil price could never ride over $120 in the near future due to price war declared by oil-rich countries.
However, FTS International (NYSE: FTSI) jumps 53% at least on more than 2 million shares. Like Valaris FTS aids oil companies with hydraulic fracturing services. Obviously, the reopened economy is slowly demanding oil and gas while recovery takes very long.
Both revenue and stock of FTS may rise for Q3 and Q4 after the slow response from the demanding economy. FTSI is still cheap for any trader and jumping onto this bandwagon might be the right time.
Finance and Entertainment Reporter
Richard is a bottle of wine – the older the sweeter. He has already found the sweetest hobby in writing entertainment and finance news for Own Snap. Readers get the updated posts regularly from him searching for real-time news.