Services Sector Green-Lights Q2: BKR, LBRT, and PTEN All Signal the Inflection Has Arrived
Thursday's oilfield services earnings were unusually coordinated in their message: Q1 was the trough, Q2 is the inflection. Baker Hughes, Liberty Energy, and Patterson-UTI all reported the same morning, and the common thread running through all three was striking. Frac fleets near full utilization. Price increases being actively