John Polomny's  Instablog

John Polomny
Send Message
John Polomny is an individual investor and speculator seeking unique, overlooked, and well researched opportunities and speculations from all over the world.
My company:
My blog:
  • Heckmann possible takeover target? 0 comments
    Dec 27, 2011 1:21 PM | about stocks: C, SLB, HAL

    Heckmann and Poseidon, which supply workers and equipment to handle the chemical-tainted water that is a byproduct of “fracking,” might now attract interest from oilfield services that help energy companies tap unconventional assets, said Ladenburg Thalmann & Co. and Haywood Securities Inc. With analysts projecting revenue at both companies will jump at least 50 percent next year, according to data compiled by Bloomberg News, Stephen Trauber, global head of energy investment banking at Citigroup Inc., says he expects takeovers in the industry to increase as demand for water-management expertise rises.

    “Water has really leapt to the forefront of energy-related developmental issues,” Michael Roomberg, a New York analyst for Ladenburg Thalmann, said in a telephone interview. “There’s an increasing premium placed upon health, safety and environmental services that these companies practice in the shale plays. A company that’s in the business of ensuring the safe disposal, treatment and transport of water like Heckmann is ideally positioned in this very rapidly growing space.”

    Heckmann and Poseidon might make sense for Schlumberger Ltd. and Halliburton Co., the world’s two biggest oil services, Roomberg and Haywood’s Geoff Ready said.


    Stocks: C, SLB, HAL
Back To John Polomny's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.