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GreenHunter Water (GRH) Another Publicly Traded Frack Water Company

|Includes:Citigroup Inc. (C)

If you have been following my coverage of Heckmann Corp, you will know that I am a big proponent of the oil and gas water disposal business. I was listening to the Enercom oil and gas conference this weekend and stumbled upon a presentation by GreenHunter Water which is a newoil and gas water business in the mold of Heckmann Corp. The one point that is interesting is that the management of GreenHunter is also the same management that built Mangnum Hunter Resources which is a fast growing shale oil and gas company (I own shares in Magnum Hunter) present in the Bakken, Marcellous, and Eagleford shale plays. Coincidently GreenHunter is also operating in the same shale plays. The company is just getting started but I would encourage going to the company website and listening to the conference call. I may be buying shares in this company in the near future. No need to worry about Heckmann as there is plenty of business for everybodyand demand is exceeding supply for these services.

Disclosure: I am long MHR, HEK.

Stocks: C