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Frac Sand Truckers Can Make Good Money Doing A Dangerous Job
Tuesday, July 30, 2019 - 11:13am | 1230Long before sunrise, Molly Sizer starts her day in West Texas as a professional frac sand hauler. She gets dressed, drives her Peterbilt truck to one of the dozens of frac mines around the Permian Basin, is loaded with 50,000 pounds of sand, drives 100 miles or more through crowded bumpy roads...
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6 Reasons Why Goldman Sachs Turned Neutral On U.S. Silica Holdings
Thursday, April 12, 2018 - 4:54pm | 374Investors should consider adding exposure to the Deepwater/LNG space and simultaneously reduce exposure to the frac and sand space, including U.S. Silica Holdings Inc (NYSE: SLCA), according to Goldman Sachs. The Analyst Goldman Sachs' Waqar Syed downgraded U.S. Silica from Buy to Neutral...
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Credit Suisse Says Cactus Inc Has 26% Upside Potential
Monday, March 5, 2018 - 3:27pm | 402Cactus Inc (NYSE: WHD) is a designer and manufacturer of wellheads, frac trees, manifolds, and production trees that are sold or rented to onshore oil and gas companies. Cactus is also the third wellhead company built by its CEO Scott Bender, which implies it's very well managed and should...
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Patterson-UTI Energy: Recent Weakness Reveals Relative Opportunity
Tuesday, September 5, 2017 - 10:46am | 346Shares of Patterson-UTI Energy, Inc. (NASDAQ: PTEN) have lost around 40 percent since the start of 2017, highlighted by a 26-percent decline since July 19, analysts at JPMorgan said in a research report. As such, the firm's Sean Meakim now sees Patterson-UTI's stock as being attractive enough to...
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Third Point Is Shorting Frac Sand Miners
Friday, April 28, 2017 - 1:45pm | 632Frac sand miners have fallen out of favor, knocked off the pedestal they were once perched upon at the start of the first quarter. The fall comes amid fears of supply glut. Hedge fund Third Point, founded by Daniel Loeb, has pressed the sell button on the frac sand miners. What Are Frac Sand Miners...
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Citi Upgrades Superior Energy On Deal Accretion Potential
Tuesday, May 3, 2016 - 9:37am | 635Citi has upgraded Superior Energy Services, Inc. (NYSE: SPN) to Buy from Neutral as it sees upside to shares on potential accretive acquisition due to the supply of excess frac equipment potentially available at depressed prices. Possible M&A Activity The brokerage said a deal could also...
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Food Stamp Usage Is Declining
Wednesday, March 23, 2016 - 1:54pm | 451Food stamp benefits fell 3.1 percent in December. The decline has been attributed to the approximated 230 basis point drop in participation and roughly 80 basis point decline in benefits/person. According to Macquarie Research, this is the "ninth consecutive monthly decline since the November 2013...
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What Wall Street Is Saying About Halliburton
Tuesday, April 21, 2015 - 8:46am | 340Halliburton Company (NYSE: HAL) on Monday reported its first quarter results in which both earnings per share and revenue were reported higher than analysts expected. Bank Of America: Onshore Recovery, Long-Term Benefits In a report published Monday, Bank of America analyst Douglas Becker...