In the past 60 days, 100% of estimates have revised higher for the current quarter and 92% of analysts have raised their earnings estimates for the next year. We currently have U.S. Silica Holdings as a Zacks Rank #1 (strong buy), and have U.S. Silica in the top 20% of all industries.
IMO a Fairmount IPO would be a positive for all cos. in the industry--at present I believe the sand frac cos. have been flying under the radar-not getting much notice,press- attention in general- this would be some free advertising for the industry--with more "eyeballs" seeing what is happening in this energy revolution--I believe potentially more investors buying stock and supporting higher valuations. We shall see !!
How did the EMES IPO impact SLCA? Is the assumption that SLCA shareholders would dump shares and rush to buy Fairmont. You can see Fairmont as a competitor already under Yahoo so are we saying there is a fixed amount of folks holding fracking shares. Could not the IPO draw more attention to all companies selling sand and thus be a positive for SLCA price. Anyway thanks for the info.
It's not as though there is a new competitor. Fairmont is already doing what it is going to be doing after going public. If it is priced a lot lower than SLCA it might have a temporary effect, but why would they do that?
This may reset the valuations for SLCA and HCLP
Fairmount Santrol the new name of the Chesterland company that had been known as Fairmount Minerals said it has confidentially submitted a draft registration statement with the Securities and Exchange Commission for a proposed initial public offering of its common stock.
The date, number of shares and price of the proposed offering have not yet been determined, Fairmount Santrol said in a news release on Wednesday, Aug. 20. Reuters reported in June that the size of the IPO could be “around $1 billion.”
Fairmount Santrol is one of North America's largest providers of industrial sand to the oil and gas industry. It said that the confidential submission of the registration statement is allowed under the Jumpstart Our Business Startups Act, or JOBS Act.
third....welcome to the "quiet"board--quiet,yes-but the stock keeps going up--works for me. This company Slca--has the right product (frack sand) with very huge demand--and as far as I can tell this situation will not end anytime soon--the demand for energy (oil and gas) is not going away.And the important kicker is that we have a management team that is very savy--I've been an owner for over 1 1/2 years and management never ceases to amaze me. Welcome aboard--patience is key--this will continue to grow !!
Awfully quiet board. I only own 400 shares but we seem to be doing very well. I will add soon.
Does lower oil prices slow drilling? Maybe a bit and for a while.
Does new techniques requiring exponentially more sand offset any slowdown? You Bet.