RCON - China fracking theme at its infancy; should play out nicely for the benefit of RCON.
“We think the coming development of Chinese shale gas could be the next leg-up for Asian upstream investment,” Barclays wrote. “The lion’s share of the potential $100 billion Chinese shale market will likely be absorbed by domestic players and in-house service teams at the various NOCs. However, we believe there is still substantial opportunity for exposure into this play.” (Great news for RCON)
By 2035, China is expected to consume 70 percent more energy than the United States, according to Wison Offshore and Marine. Less