Nothing like a name change to make the market forget about a previously hot stock. Back in May, Heckmann changed its name to Nuverra Environmental Solutions (NES) to more accurately reflect its focus on environmental solutions in the energy sector. The stock has done nothing but plunge since the beginning of June whether due to the sector weakness or the market losing focus on the 'new' company. Either way, the stock is trading at lows not seen since the revolutionary merger that combined Heckmann with Power Fuels back in the summer of 2012.
The company dedicated to the protection and enhancement of environmental solutions for the removal and disposal of restricted fluids primarily from shale drilling activities isn't exactly benefiting...
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|