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Heckmann Corporation Message Board

  • bogwa1406 bogwa1406 Mar 18, 2013 11:48 AM Flag

    Sell side ignoring some really basic metrics. HEK has $5.14, of a 52 week high which

    occurred on the announcement of the PF acquisition. Then with much effort from the short side the deal was supposed "bad" and HEK was bound for bankruptcy. They were able to get HEK to a 52 week low of $2.60. Well the S&P affirmed HEK's financial strength and predicted the PF acquisition would be beneficial and the recent earnings has proved they were correct. Everything HEK is needing to accelerate growth and earnings is bullish which equates to HEK easily being able to reach the $5 valuation by the herd as opposed to ever seeing the $2.60 low it set. 1st quarter metrics across the sector were extremely better than 4th qtr with a special notation by EIA in particular that natgas production in the Marcellus plat in Pennsylvania was significantly increasing at that was occurring @ $3.50 NG pricing. With the growth plans HEK has in place and with the " Major " customer base they have acquired....it's just a matter of time for share valuation to uptick. What happens between now and next earnings is anybody's guess but Jay Parkinson just proved to the "street" and investors that he knows what the street expects. I fully expect the lads to surprise again come 1qtr. With the new name, new look, great numbers......it's not the ol' China Water spec play. This is a real deal growth company which is doubling revs annually...whats' that worth...we'll find out soon enough. LSP