Select Energy Services (WTTR) has disclosed a new risk, in the Share Price & Shareholder Rights category.
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Select Energy Services faces significant business risks related to its investment in AV Farms due to its lack of sole decision-making authority and reliance on co-investors C&A and Geneses. The shared ownership structure, with Select Energy holding 39% of AV Farms, limits its control over operations and exposes it to potential conflicts of interest, financial instability of partners, and decision-making impasses. These issues could lead to increased expenses from litigation or arbitration and divert management’s attention from other business areas. Consequently, these factors may materially and adversely affect Select Energy’s investment in AV Farms.
Overall, Wall Street has a Strong Buy consensus rating on WTTR stock based on 4 Buys.
To learn more about Select Energy Services’ risk factors, click here.