Columbine Capital Services, Inc. upgrades HECKMANN CORPORATION from NEUTRAL to FAVORABLE.
BY Investars Analyst Actions - private
— 7:30 PM ET 04/27/2013
On April 27, 2013 Columbine Capital Services, Inc. upgraded HECKMANN CORPORATION (HEK) from NEUTRAL to FAVORABLE.
I think KEG's results and comments regarding their fluids business in the BAKKEN has folks scared of what PF did. I put emphasis on Key Energy statement of attempting to "recapture" business as a failure on Key Energy. It's one thing if you lose revenue to a slowdown but maintain customers but they lost customers. Basic Energy reported their fluid business remained flat with 4th qtr...and their revenue per tank truck increased from $86,000 to $88,000 in the 1st qtr. Basics results just don't support KEG's slowdown excuse. If Basic's business remained flat on truck hours...and KEG lost business...then who gained business ? I guess we'll all just have to sit around and wait see @ HEK's earnings !!! LSP