Intrepid Postash (IPI) Continues Three Week Breakout - 55%
Summary
- Intrepid's has "quietly" been rising over the past 3 weeks - up 55%+ (as of the time of writing).
- Q2 Conference call comments pointed to "generational opportunities"
- Permian Oil production has been strongest among domestic oil patches.
- Intrepid Potash investing in "produced" water recycling and other services.
Watch for upcoming announcements from Intrepid Potash management as they continue to grow in oilfield services. This unique opportunity is supported by fundamental capabilities within the company and relatively small capital investments.
Investors are beginning to realize the potential for revenue growth in the near term as well as the impact of long term service contracts and growth supporting higher P/E ratios!
This is not your grandpa's fertilizer company!
Analyst's Disclosure: I am/we are long IPI.
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