Seeking Alpha

Flotek enjoys Barron's bounce, thanks to fluid sales that could triple

  • Sales of Flotek's (FTK +5.4%) Complex nano fluid that makes shale oil drillers more productive could triple in two years, Barron's writes, helping to send shares sharply higher today.
  • FTK believes its market share is set to expand from ~5% of U.S. wells today to 15% by the end of 2015; if that's the case, revenues for the fluid could grow from ~$100M to ~$300M in the next two years.
  • FTK has been building credibility for a while, and now that management is beefing up its market effort, Barrington Research says, adding that "2014 is the year it's all going to come together for Flotek."
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