EPS100Momentum's  Instablog

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Author has a degree in Engineering and is an avid investor in the market. Experience in industrial materials and structures. In college studied atomic & nuclear physics as well as material engineering. Eastern European
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  • LooseChange
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    I, LooseChange, have been asked by Seeking Alpha to "Tell people something about myself." OK, I will. Disclosure? I'm a retired ceramic engineer who is invested in CRR and right now I'm enjoying the benefits of low PPS . . . and I'm hoping for very cold temperatures this winter. Which means higher gas prices.


    CARBO-Ceramics is currently between a rock and a hard place (little play on words there) for a drilling supplier that manufactures high-grade ceramic fracking materials. You've heard of fracking, right? OK, good. And horizontal drilling too? Yes, even better. A major part of the current dip in PPS of CRR was caused by logistics problems of having the right fracking materials shipped to the right places in the USA when (get this) the Carbo material had worked so well with natural gas production that the price of gas had fallen to ridiculously low levels. Let me rephrase that; CRR got caught off guard (my opinion) and didn't forsee the shift from gaseous product drilling to "wet" product. But as far as I can tell, CRR is poised to reshift as needed by the drilling industry. They have a good product, definitely superior to the common beach sand that is still used for fracking, but with inferior results.
    18 Jun 2012, 12:47 AM Reply Like
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