Jun. 2 at 2:58 PM
$LBRT bought this Friday. A politically connected energy company (Chris Wright, former CEO and US Secretary of Energy) has invested in Fervo Energy, which is developing geothermal projects in Cape Station, UT. Liberty is involved in development of technology used in the sector including hydronic fracturing as well as other systems used for developing geothermal sites for base load energy production (no carbon emissions) that utilizes the earth’s subterranean heat to produce energy. Current CEO Ron Giselle and Chris Wright have been friends and colleagues for 20 years. I’m sure they will get whatever they need from the Secretaryof Energy. 😈
With average 2025 PT for Liberty is
$17.14 & Morgan Stanley has upgrade to OW with PT of
$25.