Opinions Eric Nuttall
GasFrac Energy ServicesGFS.TODON'T BUYMar 19, 2012
(Market Call Minute) Put out a pretty disappointing quarter this morning.
Eric NuttallUnknown
$6.83
Stock price when the opinion was issued
oilgas
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DON'T BUY
This is one that he is Shorting. Negative fundamental change. Have some interesting pressure pumping technology but he doesn’t like the pressure pumpers area.
James HodginsOwned
oilgas
TOP PICK
GasFrac 7% Convertible Note maturing Feb 17/17. Has interesting technology for fracing. A whole lot of capital spending going on in this area, especially for companies who are looking to extract commodities from tight formations.
Prakash HariharanOwned
oilgas
BUY ON WEAKNESS
Controversy around fracking and the environment is overblown. Critical shortage of fracking equipment. He is trying to buy the stock. A well-run company. It has lagged the other 3 companies. Get it around $10
Eric NuttallOwned
oilgas
DON'T BUY
A fracture stimulation company and fundamentals in this sector are very good because with the shale gas and tight oil, you need frac stimulation to break the rock. This company uses propane, which is somewhat in the experimental stage. The big issue is safety because propane is highly flammable. Doubling the capacity every year so safety standards are more important. Expensive stock. High risk.
oilgas
BUY
New approach to fracing by using gelled propane as a fluid. Several advantages including being a native fluid, which is non-damaging and cleans up in hours with a 95% recovery rate. Looking for a great 3rd quarter.
Don ShortOwned
oilgas
