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Posted by
Two Blokes 6 hours ago -
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Stock
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Flowco's shares have dropped significantly since IPO, now trading at a more attractive 15 times earnings multiple. The company maintains resilient, sticky revenues due to its essential oil well optimization services, even as the US upstream outlook softens. Flowco's $50 million buyback, soon after the IPO, signals management's confidence and prudent capital allocation, especially at current depressed valuations.
