Shale investor Dan Wilks takes active stake in NexTier Oilfield Solutions
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 e...
Source: reuters.com