Horizontal Drillers Seeing Vertical Stock Movement
Horizontal drilling has lead the discussion recently, mainly due to the fact that it is the major method used in shale oil and gas extraction. Since the shale plays are currently dominating the oil industry, finding a company that specializes in horizontal drilling could be a great stock pick. Carbo Ceramics is that company, and Ian Wyatt explains why.
"…Carbo Ceramics (NYSE: CRR), a company that specializes in the horizontal drilling used to bring oil and gas deposits out of shale.
Carbo has handily outperformed the Dow Jones U.S. Oil Equipment & Services Index since the beginning of 2010, rising over 90 percent.
Carbo Ceramics isn’t on a lot of traders’ radar screens because it’s thinly traded, averaging just over 260,000 shares traded daily. That’s not a lot for a $3.1 billion market cap company."
Read the entire article here: http://seekingalpha.com/article/260665-carbo-ceramics-an-oil-and-gas-services-company-with-the-right-stuff