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

|About: Flotek Industries, Inc. (FTK)|By:, SA News Editor

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."