ProPetro: Pivot Into Industrial For A Multiple Rerate, But No Margin Of Safety

ProPetro (NYSE: PUMP ) provides complementary services to upstream E&P companies, exclusively within the Permian Basin. Even if the U.S. would like to drill, baby, drill, Permian Basin activity still just reflects oil prices. ProPetro is transitioning to electric fleets, reducing sustaining capex andI'm Wiebe, a dedicated investment enthusiast with a strong focus on value investing. I firmly believe in conducting thorough research, pinpointing undervalued assets, and constructing portfolios with a long-term ...