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CARBO Ceramics Inc. Message Board

  • spanky227 spanky227 Aug 1, 2012 9:01 AM Flag

    CARBO positioned for next major move in oil

    CARBO considered the best of breed by oil companies and has operations in the best growth areas. Not just North America but China, which will explode soon with shale oil and Nat Gas horizontal fracked wells, Russia, and Middle East. The transition from Gas to Oil has run its course in North America so it should be rolling the rest of the year. Nat Gas wells will start back toward a more stable level of drilling in the next 12 - 18 months as production will drop and consumption rises. I have initiated a position yesterday and will double it if we see the $59 level.
    Strongly believe the oil service industry downturn is coming to an end and they will out perform the market the next 6-12 months.

 
CRR
40.16-0.81(-1.98%)Dec 24 1:02 PMEST

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