Oil States International, Inc. (OIS): 1 Energy Company Accommodating Investors to Unlock Value

Another name to watch is Occidental Petroleum Corporation (NYSE:OXY), which appears to be prepping its California oil business for a possible spin-out. The company could also split off its international business, exploration and production business, as well as look at strategic options for its chemical and midstream assets. Investors have been pushing for the company to do something to create more value, and spin-offs tend to do that pretty quickly.

For now, those two companies are just talking about what could be done. Meanwhile, Oil States International, Inc. (NYSE:OIS) has taken the first step toward actually accommodating its investors by announcing a move to unlock value. Still, that doesn’t mean that it’s the best way to play the current energy bonanza.

Fool contributor Matt DiLallo owns shares of Nuverra Environmental Solutions. The Motley Fool owns shares of Nuverra Environmental Solutions and has the following options: long January 2014 $4 calls on Nuverra Environmental Solutions and short January 2014 $3 puts on Nuverra Environmental Solutions.

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