MLP's andREITs do secondaries when they are going to buy something not because the stock price is high.
EMES already has two mines still to open I am sure that if they find a good buy they will but it has to be a accretive deal like hclp did.
Bottom line thye do not need th emoney any secondat will be for a new acquisition.
Also emes only has 25 million share sso they are hard to buy.
they are already mining sand and gravel for roads in Canada and have 30k acres with fraccing sand on them.
They are waiting for final permits and reports.
They hope to start shipping sand by 2015 at this pric eit is a lottery ticket with good upside and minimum downside
The questions is why are they doing a secondary, you made a post.
Do you know when and why mlp's even do secondaries?
Its only to buy assets that are accretive to the bottom line not to raise money for no reason like bio co's.
They own two mines that are just coming online and will be able to pay over 7.50 per share.
Do you know what their assets are, please list them because your post does not make any sense.
Also do you know what they sold and why they sold it?
Do you know if they have a jv partner?
Do you know their ebita?
For those that like a little risk but with possible big reward check this out, only $2.38
They have the sand and are waiting to be permitted. Locate din Canada they will be 2000 kilometers closer to the oil sands and duvenay fields.
The stock is moving up fast, still cheap and lots of upside.
They already mine gravel and sand for the roads so this is an ad don and they have 30k acres of sand!!
I didn't catch that, thanks
any idea how many tons the new mine will be
Un-priced sand is worth a lot now.
did you catch Exxon and their 570k Bakken acres..
Both hclp and emes have a yield of 4.2% so they are tracking each other equally, the difference was that emes was underpriced compare dto everyone else.
Also emes is opening two new mines so they can double production with new unpriced sand which means long term lots of $$$$$$.
If there is a drop I will buy lots of options.
o , zero nada zip shares trade in the us and they have two listing in us on the otc and they have 2 billion shares in australia, what is with the aussies.
It looks good though with some great assets,.
Dead co is trading now..
looking at zaza as well
Bill I did great with HCLp but their contracts restrict price increases they are a safe company but I want lots of upside and a big distribution.
I also did great with SLCA again limited upside to me.
As far as selling I think we are in the early stages of the fraccing sand revolution.
I am looking at ABCAF they ar ein Canada and starting a new fraccing division, still need a year for it to be completed.
I sold all my slca and hclp and put it all into emes when it dipped two weeks ago and here is why.
Read about the demand for sand and prices are up 15% this year.
Read about the permian and its seven stack plays being the hottest
read about exxon and their 570k bakken acres
also they exxi said they may even frac shallow water gulf of mexico wells
canada needs to double their ng production in the duveney to support the LNG terminal they are building
all these need sand and hclp is pretty much all locked up and slca has a smaller mine coming on line guess whos got the sand...
emes and all at higher mkt prices.
EMES will make a lot of $$ with their two new mines, yes they will give pricing breaks to existing customers but they will have to sign good contracts, I fully expect emes to pay between 7.50 and 10 next year thinking more like 10 towards 2015 ye that puts this at 175 to 190 per share.
Call me crazy but thats how I see th emkt.
Read about Exxon and their 570k Bakken acres getting ready for fraccing, lots of sand needed.
never shorted one share but just decided to park your arzzz on this mb and post bs.
You are proof the evolution can work backwards