After that wonderful news article of the week that we got this morning all we get is a lousy freaking 2 cents a share higher??????? What a joke
Will be seen today posting because of this news and gain we will have today, I can imagine that most of them will be sitting in a corner sucking there thumbs as their losses increase with pain.
That's exactly what it means because here at frac tech that's what it means also. Horsepower is Commonly directed toward the frac pumps more than anything.
It is amazing the news this company gets about it's process BUT YET never really goes anywhere.
The concept of fracking dates back to the 1800s when explosives, rather than water, were used to reach the oil and gas rich shale formations. By the 1930s the idea of using non-explosives reached the industry, and multiple experiments over the next decade led to the “hyrdafrac” process in 1949. By the 1950s fracking was booming and hit a pace of an estimated 3,000 wells per month.
The early fracture used about 750 gallons of fluid, which consisted of water, gelled crude oil, or gelled kerosene, and 400 pounds of sand. Today, up to 8 million gallons of water and 75,000 to 320,000 pounds of sand can be used. Fracking fluids take many forms, including foams, gels, and slickwater combinations. The fluid often contains benzene, hydrochloric acid, friction reducers, guan gum, biocides, and diesel fuel. With this combination of potentially dangerous chemicals, it is no surprise that many people consider it necessary for fracking to become more environmentally safe, an emphasis on “going green.”
Many environmentalist groups, local citizen groups and even a few celebrities have voiced their opinions regarding the chemicals used in fracking fluid and the risks they potentially pose on drinking water and the environment.
Prior to 1985, fracking fluid, also known as wastewater, was disposed into state waterways. Today, wastewater is disposed of in deep injection wells, are also called brine disposal wells, or processed at private treatment facilities. The treatment facilities clean most of the water, but certain amounts of fluid still need to be injected back into the ground or brought to a landfill.
These options of disposal seem error proof, but over the years many issues have been brought up regarding water depletion, contaminated drinking water, and the effects the wastewater is having on the environment.
To resolve these issues, some companies have taken the initiative to create ways to make fracking greener and safer for all. Here are five ways that are gaining popularity in the oil and gas industry to make fracking a better process:
GasFrac: GasFrac is a fracking system that uses a gelled fluid containing propane instead of water. The system was created by Calgary, an energy services company based in Alberta. GasFrac is a gel made from propane, a hydrocarbon that is already present underground, and a combination of benign chemicals including magnesium oxide and ferric sulfate. The gel retains sand better than water: therefore it is possible to get the same results with one-eighth the liquid and pump at a slower rate. Because the gel is comparable to what is naturally in the ground already, fluid can merge into the flow being extracted from the ground. This function allows companies to eliminate the need to drain contaminated wastewater and dispose of it.
Well here is what I don't get if their schedule is now booked up for the next two quarters why on earth is the stock price at $.30 a share??
And the scary and frightening thing about it is their pleased to terminate the contract what company could possibly be pleased with terminating her contract?? We really got some serious nut jobs running this company
More short term pain???? Lol, we have gone from $15.00 to .32 cents a share, how much pain could there possibly be left in this puppy? OK OK GO AHEAD AND SAY IT!!! There's .32cents of pain left.
That's correct hk8253, Canada traded down 7 cents, so now allllllllllllllll those hundreds of thousands of shares that were purchased the other day by all those buyers that sent the stock up 30% ARE NOW UNDER WATER.. And you wonder why so many investors hate this stock. It seems like you can't even buy it at 40 cents without losing money. Lol
Because if gasfrac ever becomes the industry standard that would eliminate all water bottles ,,do you know how many companies out there have millions of dollars invested in water bottle trucks ? those trucks would be no longer needed. Thousands of water bottle trucking companies would go bankrupt and out of business causing a zippering affect in the industry but would I care??? Heavens no!! Cause that would mean gasfrac stock would be sky high.. GOOD FOR US
No you guys don't seem to understand something you're right I own a lot of shares I own more shares than probably all you guys put together times 10 you just think you know what I own but yes I'm very tough on the company I'm probably the toughest on the company because I own so many shares that's the problem about you guys you guys own some shares but you're in love with the company I'm not in love with the company I want to make money so that's why I'm tough on the company
So basically according to the CEO himself his own words is that this company pretty much is a lottery ticket and that this one well frac here has to work if it doesn't work it's finished as a company for them. Those are his words? Hummmmmmmm yep yep. I would definitely call that A LOTTERY TICKET.
Well I sure hope they don't decide to buy us with our PPS around this area or the most we will ever see for the stock is maybe a buck, best case BUY OUT SCENARIOS that I have seen in the past is maybe a 100% premium on the stock so at this point that would only get us to around a buck.. We need to climb A LOT more before getting scooped up by someone to end up with a decent buyout price.
A MERRY CHRISTMAS!!! You say would be over a dollar???? Really? It amazes me how some of you dudes expectations have really really dropped like a rock, and now simply over a dollar will get you jumping for joy, never mind the fact that even if it did get back over a dollar the stock would still be down about 96% STILL..
Never mind found it, came out 1am this morning, so that's actually NEW NEWS, I'm shocked because usually you dudes are posting stuff that came out days and weeks ago. Might get a little bump on this news.