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Analysts who criticized Heckmann's (HEK +37.9%) earlier moves this year now cheer the $381M deal...

Analysts who criticized Heckmann's (HEK +37.9%) earlier moves this year now cheer the $381M deal for Power Fuels, which gives the water treatment company a foothold in the Bakken Shale area, where HEK’s products will be used for fracking. HEK continues to refuse to offer earnings guidance, this time blaming the pending shareholder vote on the acquisition.
Comments (3)
  • JTD Associates
    , contributor
    Comments (3) | Send Message
     
    The TFI move was a nice complement and opportunity to broaden revenue. Power Fuels gets them into a key geography and far greater exposure to oils. Diversity and presence in all the major shale plays is exceptional. This is as close to instant gratification as anyone can expect. I was bullish HEK. I am now extremely bullish.
    4 Sep 2012, 06:48 PM Reply Like
  • lowride
    , contributor
    Comments (12) | Send Message
     
    how hi do you think they will go? I guess time will only tell.
    4 Sep 2012, 09:01 PM Reply Like
  • nomercadies
    , contributor
    Comments (6) | Send Message
     
    Phrasing is always important. "HEK continues to refuse to offer earnings guidance" is one way to say it but, I listened to the conference call last time. Mr. Heckman said he would rather surprise to the upside than disappoint. Well ... "SURPRISE!"
    4 Sep 2012, 09:11 PM Reply Like
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