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Closed and re-opened to more accurately reflect my actual start price for a longer term hold.
I am actually in at $5.32, but could add more if the market does an overall significant dip.
Hope some took advantage of the short term dip down to about the $5.00 level.
This company has great potential going forward.
JMO and worth exactly what I am charging for it.
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Large short interest - buyer off recent sell-off to the $5.10 range as I believe long term fracking business prospects remain solid - above average one year play from this level relative to the overall market
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This stock will do extremely well if Obama is defeated in November and we establish a rational National energy policy. They are working to reduce their debt and sitting on substantial untapped resources.
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Great leader. I have worked in his companies before and he is a mover and shaker.
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Earnings growth
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they provide a needed service to large oil and gas co.s and have small competition. it will double
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HEK's MO is to building a moaty business and sell it off. There is very little sizable competition, and Heckman is on a tear with building out his infrastructure and support base. His results are very solid. Once he puts the biz up on the sale block, it'll outperform even further.
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It's all about the scarcity of water globally and its all about China's incredible immediate need for it to support the expansion. Last I checked HEK has 9 plants in 6 of China's 22 provinces (bottled water). My last review found the company sitting on cash with no debt.
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Heckmann has a great management team, combined with an expanding company and Industry. Stock is underpriced with the earnings this company has already shown to be able to bring in, all while only running on "a few cylinders".
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Credit Suisse had some interesting comments today:
26 May 2011
Heckmann Corp. (HEK)
• Expect more of a benefit from Eagle Ford Shale play (Western Texas).
Haynesville play remains strong, while Marcellus provides large growth
opportunity. Acquisition pipeline will be focused in new geographies in alternative
water services (i.e.- not transportation).
• Eagle Ford play appears to be ramping up well. HEK is currently negotiating more
water rights to broaden footprint. Company plans to more than double
transportation footprint.
• Haynesville remains core shale play for HEK. Company currently extending
pipeline further into LA (appears to be following ECA wells).
• Marcellus still one of the larger opportunities (5x Haynesville). CEO appears
comfortable with current footprint in region to grow at desired pace.
• HEK says business can be 25% to 30% EBITDA margins.
• We expect HEK to utilize more LNG trucks, which are a 1/3 less costly to operate
as traditional diesel trucks.
• HEK expects business to double in next year.
• Regarding the China water business, seeing more interest from buyers. Expect
eventual exit via IPO (CEO says he is in no rush as business is now profitable).
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Came across this one whilst looking for water...Might add to my real portfolio if the world does not end tomorrow.
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moving into waste water clean up from fracking operations
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Dude is a genius, all he does is build successful companies. Oil service play, AND a China play? Two for one.
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Water is life,also gas too.....and dont forget the management
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It is a Cramer Pick, let's see if he hits another one.
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Great CEO operating in a large under-served market.
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CEO's got a good track record of building and selling
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Heck, people are adamant about respecting reserves and these guys distribute it too.
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200 mil in cash and no debt.
Building and expanding water treatment for shale plays in the U.S. Expansion into china with good ole bottled water. Heckman has a great history. I agree with others that have green thumbed this one.
Give it read and listen. Look into the company - look into the man that's putting HEK in overdrive.
http://seekingalpha.com/article/255331-heckmann-buying-the-jockey-and-loving-the-horse?source=msn
http://mms.tveyes.com/Transcript.asp?stationid=210&DateTime=12%2F14%2F2010+17%3A20%3A44&mediapreload=14&playclip=true
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