Superior Energy Services may not be getting such a bad deal for Complete Production Services.
Oil services stock valuations are out of whack with reality, and I think it makes them the place to be for earnings.
Shares of Complete Production Services (NYSE:CPX) have taken a tremendous swing upward. The stock is trading at $29.51 as of 9:30 a.m. ET, 44.8% above Friday's closing price of $20.38. Volume is at 1.9 million, 0.7 times the daily average of 2.6 million.