Heckmann (HEK +8.9%) shares power higher despite no news to explain the move, although the...

Heckmann (HEK +8.9%) shares power higher despite no news to explain the move, although the hydro-fracking water solutions provider might be seeing some upside from Chesapeake's (CHK -0.8%) asset sales. HEK said CHK accounted for 25% of its total revenues in 2011.

Comments (3)
  • JTD Associates
    , contributor
    Comments (3) | Send Message
    I think the move may be in spite of HEK previous reliance ( If you look at the company post merger with Power Fuels ). While CHK gets their house in order business adding to the future earnings with new oily plays in the Bakkan such as STO are what will drive these rallies
    12 Sep 2012, 04:59 PM Reply Like
  • Doggiedoc
    , contributor
    Comments (2) | Send Message
    What do you mean by 'no news'. There was already merger news and now people are thinking about it and are remembering who will
    be/is running HEK in the CEO and Chairman slots and are also
    remembering what Mr. Heckman's history is with US Filter Corp.
    From 17 Million Rev in 1990 to (I may have my ## incorrect slightly here)
    5 Billion in 9 years ?????????? when it was acquired by Vivendi (France). That's Billion with a B.
    Power Fuels CEO has proven he knows how to grow and profit and what I hear is that he will be the CEO and Mr Heckman will be
    Chairman. Fine team I think.
    Again. What do you mean no news. News is just getting digested and more people are hearing about it.
    I don't think it's near done yet. My son told me today to sell and
    take profits(I got in at 2.70) I asked him if he was crazy and had perhaps lost his mind. I BELIEVE IN Mr. Heckman's ability to do it again. The man does know his water services.
    I'm going to stick my neck out there. Please don't chop my head off. I can imagine the 'possibility' of this company's stock(HEK) and it's possibilities
    getting bid up into the low teens and doing it over the next 60-90 days. I don't know if I have the fortitude to ride it that far. I can only hope. HEK in my opinion is a long term investment, but if it does as I suspect
    it might, I'd have to take profits and then buy it back later.
    See Halcon (HK) in Dec 2011.
    12 Sep 2012, 06:05 PM Reply Like
  • JTD Associates
    , contributor
    Comments (3) | Send Message
    Doggiedoc, I know it was tempting to grab some profits when it ran to $4.80. The management team is very solid in all positions. I think it may tease an expanded multiple and much depends on the color they give on the November call. The real synergies should be obvious in 2013. Mr. Heckmann can focus on further acquisitions and Mr. Johnsrud has a proven track record of building out a business. The addition of Mr. Parkinson IMO will only help developing institutional investors. As far as $20 pps in the very near term? IMO only if a reverse split is executed. Either way this is a great long term story.
    13 Sep 2012, 09:26 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs