Emerge Energy Services LP (NYSE:EMES) proves the thesis that an investor "...doesn't need to know which way the wind blows", as Bob Zimmerman told us all.
Fracking Sand Prices are Going Up
Emerge Energy has witnessed higher sand prices on long-term contracts and on spot contracts. Hi-Crush Partners, a key competitor, admitted higher prices in its recent arrangement with Halliburton (NYSE:HAL).
Emerge Energy Services LP was incorporated in April 2012 by affiliates and management of Insight Equity as a Delaware limited partnership to own, acquire, operate and develop a diversified portfolio of energy service assets. Emerge Energy has two primary lines of operation - Sand and Fuel Processing and Distribution. Emerge is a leading Tier 1...
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