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News: $SLSDF Select Sands Announces 3-year supply Contract with Large Cap Exploration and Production Company; The Operator reports that this is one of their larger Frac Sand Supply Contracts Awarded in Eagle Ford
(via TheNewswire) December 5 , 2019 - TheNewswire - Vancouver, BC, Canada - Select Sands Corp. (the "Company" or "Select Sands") (TSXV:SNS) (OTC:SLSDF) announces that its 100% owned subsidiary, Select Sands America Corp., has entered into a 3-year supply agreement wit...
In case you are interested SLSDF - Select Sands Announces 3-year supply Contract with Large Cap Exploration and Production Company; The Operator reports that this is one of their larger Frac Sand Supply Contracts Awarded in Eagle Ford
3rd. Quarter earnings are due out after market close today.
With the turmoil in the mid east are we going to be drilling more. Northern white makes for a better well. GLTA Longs.
Strange movements today. We are climbing a tad bit. Two cents just around the corner?
SLSDF, HCR, SND ... hitting the skids. Not touching any of them. Frac sand is a tough business right now. Rasool's post yesterday was pretty dire sounding for SLSDF. If SLSDF goes sub penny maybe I'll take a lottery ticket on it. I'm wondering if they will stick by that "break even" by EOY 2019 forecast. Drama!
I hope this is the bottom? Be nice to hear they're going back to work and shipping sand. Rasool has been posting on Stockhouse
Would be good if he holds his shares as he is now in our boat. Would like to see him post here also. If his team would've had more than a week I think they might of pulled off a coup. GLTA Here!
Not sure where this thing might bottom, been doing a steady fade on little volume. HCR made a nice move last few days of July, rolled over yesterday (with everything) but bounced off support. GL.
Rystad Energy reports that the Eagle Ford may provide hope for Northern White Sand producers because inferior quality in-basin sand may not be adopted
https://www.linkedin.com/pulse/rystad-energy-reports-eagle-ford-may-provide-hope-white-joel-schneyer/
EnerCom's 24th The Oil & Gas Conference® brings top public and private E&Ps, a European supermajor, a national oil company, and oilfield service and royalty companies to Denver, Aug. 11-14, 2019
https://finance.yahoo.com/news/public-private-oil-gas-companies-180200863.html
Sand Panel
Atlas Sand Company, LLC (private company) – Atlas controls the largest reserves in West Texas. Based on 2017 usage Atlas could provide 100% of all West Texas demand for 100 years. With this size and scale Atlas has the capacity to expand its operations rapidly to meet the growing needs of the Midland and Delaware Basins.
Hi-Crush Partners LP (NYSE: HCR) – Hi-Crush provides proppant and logistics solutions to the North American petroleum industry, with purpose-built production facilities capable of producing 17.3 million tons per year of high-quality monocrystalline sand, a specialized mineral used as a proppant during the well completion process to facilitate oil and natural gas recovery.
PropX (private company) – PropX is focused on providing safe, efficient and cost-effective equipment for last mile frac sand logistics.
No mention of the derailment clean up. Wonder if any will be saved or total loss. Seem at minimum the sand would have to be rescreened without other impurities. I'm sad for that company and glad it was not Select's sand. Maybe Train insurance will cover? Disclosure; I have a big pile of sand put away. Glta longs!
DERAILMENT - Wisconsin frac sand headed for Texas: Nearly 70 train cars derail along tracks in Mercer County, Missouri
Looks like 20-25 more cars stuck on track behind those that derailed. This is not $SLSDF sand. Not sure which competitor it may belong to but it's a substantial amount of sand.
Video: https://www.kctv5.com/news/local_news/nearly-train-cars-derail-along-tracks-in-mercer-county-missouri/article_63564416-af06-11e9-8e33-8773cb4a96ea.html
Haven't been involved in anything sand or oil since 2017. This is interesting way down here, company thinking they can break even in 2H 2019. Imo there are worse .05 stocks out there to buy. Wait until Q2 report comes in or buy now? Near zero interest in this lately even at these levels.
https://seekingalpha.com/article/4267366-select-sands-corp-slsdf-ceo-zig-vitols-q1-2019-results-earnings-call-transcript?part=single
I think it funny that the whole time its been in the BUY zone this thread has been DEAD.
Dang.. I am glad I bailed out up in the 20's but did keep 700 share for memories
Look like I can buy back what I sold for half the price and say to myself I made a 100% gain
But I will just wait and see.....
Got a starter at 10 cents.
Getting destroyed on it. I will be averaging down before long.
Looks like I'm going to have to average down here.
Is there any life in good old Select Sands??
Select Sands Reports Full Year and Fourth Quarter 2017 Results
https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=newssearch&cd=2&cad=rja&uact=8&ved=0ahUKEwjUteWSp7LaAhVuT98KHS7jB58QqQIIKSgAMAE&url=https%3A%2F%2Fglobenewswire.com%2Fnews-release%2F2018%2F04%2F11%2F1468330%2F0%2Fen%2FSelect-Sands-Reports-Full-Year-and-Fourth-Quarter-2017-Results.html&usg=AOvVaw11MhxynyZGXf68b9rcO2qG
Select Sands Exercises Purchase Option to Begin Capacity Expansion
April 10, 2018
https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=newssearch&cd=1&cad=rja&uact=8&ved=0ahUKEwjUteWSp7LaAhVuT98KHS7jB58QqQIIJigAMAA&url=https%3A%2F%2Fglobenewswire.com%2Fnews-release%2F2018%2F04%2F10%2F1467769%2F0%2Fen%2FSelect-Sands-Exercises-Purchase-Option-to-Begin-Capacity-Expansion.html&usg=AOvVaw1LiniJyPLw-eFV0Z2OON0K
I added some more this week
but look like I added way to soon!
Select Sands: Why I'm Adding To My Position?
Steven Goldman • Dec. 11, 2017
https://seekingalpha.com/article/4131062-select-sands-adding-position
I will drink to that????
I'm probably dead wrong but I think the SLSDF pps will move past the buck level shortly into 2018. I really wouldn't be put into shock if it made a move toward the two buck level.
https://seekingalpha.com/article/4133147-select-sands-wild-ride
Select Sands Reports Second Quarter 2017 Results
Frac and Industrial Sand Sales Volumes Increased More Than 135% Over Q1 2017 Levels
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug 15, 2017) - Select Sands Corp. ("Select Sands" or the "Company") (TSX VENTURE:SNS)(OTCQX:SLSDF) today announced financial and operational results for the second quarter of 2017 and the filing of its 2017 second quarter financial statements and associated management's discussion and analysis on www.sedar.com. All results are stated in Canadian dollars (CAD) unless noted otherwise as US dollars (USD). The average currency conversion used for the second quarter was $1 USD = $1.3432 CAD.
Second Quarter 2017 Financial Highlights
-- Revenue more than doubled to $3.1 million from $1.5 million in the first quarter 2017. Second quarter revenue would have been greater, except for lost sales volumes of 8,000 to 12,000 tons due to a pause in shipping during the May flood in Arkansas, and the installation of a vertical shaft impact crusher at the Freeze Farm Wet Processing Facility.
-- Gross margin for the Company's Sand Operations was $0.8 million, a substantial improvement over the gross margin loss of $0.4 million during this year's first quarter.
-- Comprehensive loss decreased more than 75% to $0.8 million, or $0.01 basic and diluted loss per common share, as compared to a first quarter 2017 comprehensive loss of $3.4 million, or $0.04 basic and diluted loss per common share. These results included non-cash share-based compensation of $0.6 million and $2.2 million for the second and first quarters, respectively.
-- Adjusted EBITDA(1) loss totaled $254,000 compared to a $771,000 loss for first quarter 2017 - a 67% improvement quarter-over-quarter.
-- Capital expenditures were approximately $0.8 million as compared to $3.2 million for the first quarter 2017. Included in first quarter capital spending was $1.3 million for the purchase of the Bell Farm Property.
-- As of June 30, 2017, cash and cash equivalents were $3.4 million, inventory on hand was $2.3 million, and accounts receivable was $3.1 million. The primary driver of the $1.7 million increase in accounts receivable from the $1.4 million balance as of March 31, 2017 was the rapid growth in sales in the latter part of the second quarter.
(1) Adjusted EBITDA is a non-IFRS financial measure and
is described and reconciled to net loss in the table
under "Non-IFRS Financial Measures".
Zig Vitols, President and Chief Executive Officer, commented, "Considering that we only began commercial production at the beginning of this year and the impact of flooding during May, I am extremely pleased with our results for the second quarter. Driving our results was the hard work of our employees and I want to personally thank all of them for their continued dedication and efforts."
Second Quarter 2017 Operational Highlights
-- Select Sands continues to see strong demand for its Northern White frac sand product due to its premium quality and the strategic location of the Company's operations relatively close to the oil and gas basins in Texas, Oklahoma, Colorado, and Louisiana (SCOOP/STACK/Woodford, Haynesville, Fayetteville, Permian, DJ Basin and Eagle Ford). The enhanced economics
provided by improving technologies for drilling and completing horizontal wells (more wells drilled per rig, longer lateral lengths, more frac stages per foot, and more sand per frac stage) is driving increased use of frac sand and the Company anticipates frac sand intensity and demand will continue to grow.
-- Second quarter 2017 sales volumes for total frac and industrial sand increased 136% from the first quarter:
Percent
Q2 2017 Q1 2017 Change
-------- -------- -------
Frac sand 52,480 19,968 163%
Industrial sand 466 2,459 -81%
-------- -------- -------
Frac and Industrial sand 52,946 22,427 136%
Other sand and gravel 4,146 6,801 -39%
-------- -------- -------
57,092 29,228 95%
-- Reconfiguration of operations processes were completed during the second quarter and the processing facility now has the capability to produce at a rate of 600,000 tons per year. To ensure optimal inventory management, Select Sands is producing at levels consistent with its ability to deliver product, which is primarily by rail.
-- Efforts continue to assemble rail car sets to meet the strong demand for product. The Company is also pursuing opportunities for securing additional rail cars for product shipments through new and broadened customer relationships.
-- At the end of the second quarter, more than 300 rail cars were
in-service. Select Sands is working closely with interstate and
short-line railroads to enhance service through efficiencies and
increased loading capabilities. Complementing these efforts, the Company has secured additional rail car storage to improve sequencing of trains servicing its facility.
-- To support Select Sand's plans for further capacity expansion of its processing facility, certain long lead time equipment has been purchased and is anticipated to be installed along with other components later this year once enhanced logistics capabilities are in place.
Financial Summary
The following table includes summarized financial results for the three months ended June 30, 2017 and March 31, 2017:
Select Sands Corp.
Summarized Consolidated Interim Statements of Operations
and Comprehensive Loss
(Expressed in Canadian Dollars) (Unaudited)
--------------------------------------------------------
Three Months Ended Three Months Ended
June 30, 2017 March 31, 2017
-------------------- --------------------
Revenue $ 3,083,192 $ 1,458,553
Cost of Goods Sold 2,116,518 1,766,126
Depreciation and Depletion 189,126 121,289
---------------------------- ---------------- ----------------
Income from Sand Operations $ 777,548 $ (428,862)
---------------------------- ---------------- ----------------
General and Administrative
("G&A") Expenses (1) 1,173,682 2,684,280
Depreciation in G&A Expenses 320 --
---------------------------- ---------------- ----------------
Operating Loss $ (396,454) $ (3,113,142)
---------------------------- ---------------- ----------------
Interest income 8,045 10,424
Foreign exchange (loss) gain (631,708) 170,999
Gain on sale of equipment 1,596 --
Loss from flooding at plant (76,737) --
Share of loss in equity
investee (57,554) (157,059)
---------------------------- ---------------- ----------------
Net Loss $ (1,152,812) $ (3,088,778)
---------------------------- ---------------- ----------------
Foreign currency translation
adjustment 356,876 (308,736)
---------------------------- ---------------- ----------------
Comprehensive Loss $ (795,936) $ (3,397,514)
---------------------------- ---------------- ----------------
Basic and Diluted Loss Per
Common Share $ (0.01) $ (0.04)
---------------------------- ---------------- ----------------
Weighted Average Number of
Shares Outstanding 86,959,360 85,484,729
---------------------------- ---------------- ----------------
---------------------------- ---------------- ----------------
Adjusted EBITDA (2) $ (254,316) $ (771,071)
---------------------------- ---------------- ----------------
(1) Excludes depreciation. Includes non-cash share-based
compensation of $633,910 and $2,196,418 for the second
and first quarters, respectively.
(2) Excludes depreciation, depletion and amortization;
non-cash share-based compensation; gain on sale of
fixed assets; and, loss from flooding at plant. See
table under "Non-IFRS Financial Measures" for reconciliation
to net loss.
Outlook
"In preparation for improved rail movements, we increased our inventory levels during the second quarter," concluded Mr. Vitols. "This benefitted us significantly in July, as we sold our highest monthly level of product tons to date. We believe this bodes well for another quarter of solid growth in deliveries to our customers and increased revenue for Select Sands. We continue to make substantial progress on multiple fronts, with our primary focus remaining on further enhancing our logistics capabilities so as to reach our maximum production rate in the second half of the year. This will allow us to further capitalize on the strong demand for our frac sand products, including increased deliveries under our long-term one million-ton per year supply agreement for 2018 and 2019."
(MORE TO FOLLOW) Dow Jones Newswires
August 15, 2017 17:57 ET (21:57 GMT)
Elliott A. Mallard, PG of Kleinfelder is the qualified person as per the NI-43-101 and has reviewed and approved the technical contents of this news release.
Conference Call Information
The Company will host a conference call on Wednesday, August 16, 2017, at 11:00 a.m. Eastern to discuss its second quarter 2017 results. To access the conference call, U.S. callers may dial toll free 1-844-419-5430 and international callers may dial 1-216-562-0476. The conference call access code is 70093150. Please call ten minutes ahead of the scheduled start time to ensure a proper connection. The conference call will also be available for playback by telephone for one week beginning shortly after the call. To access the telephone playback, dial 1-855-859-2056 or 1-404-537-3406 for international calls. The replay conference call access code is 70093150.
About Select Sands Corp.
Select Sands Corp. is an industrial Silica Product company developing its 100% owned, 520-acre Northern White, Tier-1, silica sands project located in Arkansas, U.S.A. Select Sands' Arkansas property has a logistical advantage of being significantly closer to oil and gas markets located in Oklahoma, Texas, New Mexico, Colorado and Louisiana than Wisconsin sources. The Tier-1 reference above is a classification of frac sand developed by PropTester, Inc., an independent laboratory specializing in the research and testing of products utilized in hydraulic fracturing & cement operations, following ISO 13503-2:2006/API RP19C:2008 standards.
Select Sands' Sandtown project has NI 43-101 compliant Indicated Mineral Resources of 42.0MM tons (TetraTech Report; February, 2016) and Bell Farm has Inferred Mineral Resources of 49.6MM tons (Kleinfelder Report; April, 2017). Both deposits are considered Northern White finer-grade sand deposits of 40-70 Mesh and 100 Mesh.
Forward-Looking Statements
This news release includes forward-looking information and statements, which may include, but are not limited to, information and statements regarding or inferring the future business, operations, financial performance, prospects, and other plans, intentions, expectations, estimates, and beliefs of the Company. Information and statements which are not purely historical fact are forward-looking statements. The forward-looking statements in this press release relate to the continued escalation of rail car count, third quarter 2017 frac and industrial sand sales volumes, and further capacity expansion. Forward-looking information and statements involve and are subject to assumptions and known and unknown risks, uncertainties, and other factors which may cause actual events, results, performance, or achievements of the Company to be materially different from future events, results, performance, and achievements expressed or implied by forward-looking information and statements herein. Although the Company believes that any forward-looking information and statements herein are reasonable, in light of the use of assumptions and the significant risks and uncertainties inherent in such information and statements, there can be no assurance that any such forward-looking information and statements will prove to be accurate, and accordingly readers are advised to rely on their own evaluation of such risks and uncertainties and should not place undue reliance upon such forward-looking information and statements. Any forward-looking information and statements herein are made as of the date hereof, and except as required by applicable laws, the Company assumes no obligation and disclaims any intention to update or revise any forward-looking information and statements herein or to update the reasons that actual events or results could or do differ from those projected in any forward-looking information and statements herein, whether as a result of new information, future events or results, or otherwise, except as required by applicable laws.
Select Sands Corp.
Consolidated Interim Statements of Financial Position
(Expressed in Canadian Dollars)
(Unaudited)
-----------------------------------------------------
As at
June 30, December 31,
2017 2016
------ -------------------------------- ------------ ------------
ASSETS
Current
Cash and cash equivalents $ 3,397,380 $ 11,776,321
Amounts receivable 3,143,933 133,688
Inventory 2,336,696 -
Prepaid expenses 55,034 47,779
----------- -----------
Total Current Assets 8,933,043 11,957,788
Deposits 431,460 153,021
Investment in Affiliate 2,785,387 3,000,000
Property, Plant and Equipment 14,640,813 6,763,193
Exploration and Evaluation Assets - 2,142,986
----------- -----------
Total Assets $ 26,790,703 $ 24,016,988
======================================== =========== ===========
LIABILITIES
Current
Accounts payable and accrued
liabilities $ 1,111,557 $ 417,210
Current portion of long-term debt 502,859 -
----------- -----------
Total Current Liabilities 1,614,416 417,210
----------- -----------
Long-term Debt 1,508,576 -
----------- -----------
Total Liabilities 3,122,992 417,210
----------- -----------
EQUITY
Share Capital 40,985,314 39,388,462
Share-based Payment Reserve 6,014,048 3,349,517
Accumulated Other Comprehensive Income
(Loss) 39,661 (8,479)
Deficit (23,371,312) (19,129,722)
----------- -----------
Total Equity 23,667,711 23,599,778
----------- -----------
Total Liabilities and Equity $ 26,790,703 $ 24,016,988
======================================== =========== ===========
---------------------------------------------
Select Sands Corp.
Consolidated Interim Statements of Cash Flows
(Expressed in Canadian Dollars)
(Unaudited)
---------------------------------------------
Six Months Ended Six Months Ended
June 30, 2017 June 30, 2016
----- ----- ------------------ ------------------ ------------------
Operating Activities
Net loss for the period $ (4,241,590) $ (749,611)
Adjustments for non-cash
items:
Depreciation and depletion in
cost of goods sold 310,415 -
Depreciation 320 -
Share-based compensation 2,830,328 238,847
Foreign exchange 48,140 6,490
Gain on sale of equipment (1,596) -
Share of loss in equity
investee 214,613 -
Changes in non-cash
operating assets and
liabilities:
Amounts receivable (3,010,245) (22,472)
Inventory (2,336,696) -
Prepaid expenses (7,255) 22,171
Accounts payable and accrued
liabilities 694,347 (23,604)
-------------- --------------
Total Cash Used in Operating
Activities (5,499,219) (528,179)
-------------- --------------
Investing Activities
Property, plant and
equipment (4,040,124) -
Proceeds from disposal of
equipment 7,786 -
Exploration and
evaluation assets - (314,741)
Deposits (278,439) -
-------------- --------------
Total Cash Used in Investing
Activities (4,310,777) (314,741)
-------------- --------------
Financing Activities
Warrants exercised 1,041,705 43,555
Options exercised 389,350 -
Share issue costs - (5,000)
-------------- --------------
Total Cash Provided by Financing
Activities 1,431,055 38,555
-------------- --------------
Decrease in Cash and Cash
Equivalents (8,378,941) (804,365)
Cash and Cash Equivalents,
Beginning of Period 11,776,321 3,172,051
-------------- --------------
Cash and Cash Equivalents, End
of Period $ 3,397,380 $ 2,367,686
================================ ============== ==============
Supplementary Cash Flow
Information and Non-Cash
Investing and Financing
(MORE TO FOLLOW) Dow Jones Newswires
August 15, 2017 17:57 ET (21:57 GMT)
(MKTW) Select Sands Reports Second Quarter 2017 -3-
Transactions:
Cash received for
interest $ 18,469 $ 7,186
------------------------- -------------- --------------
Cash paid for interest $ - $ -
----- ------------------------- -------------- --------------
Cash paid for taxes $ - $ -
----- ------------------------- -------------- --------------
Issue of vendor debt for
assets acquired $ 2,011,435 $ -
------------------------- -------------- --------------
Issue of shares on
exercise of warrants and
options $ 165,797 $ 19,034
------------------------- -------------- --------------
Issuance of shares for
convertible debenture $ - $ 218,000
------------------------- -------------- --------------
Issuance of shares for
interest on convertible
debenture $ - $ 53,885
------------------------- -------------- --------------
Debenture interest
accrued $ - $ 9,589
------------------------- -------------- --------------
Non-IFRS Financial Measures
The following information is included for convenience only. Generally, a non-IFRS financial measure is a numerical measure of a company's performance, cash flows or financial position that either excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with IFRS. Adjusted EBITDA is not a measure of financial performance (nor does it have a standardized meanings) under IFRS. In evaluating non-IFRS financial measures, investors should consider that the methodology applied in calculating such measures may differ among companies and analysts.
The Company uses both IFRS and certain non-IFRS measures to assess operational performance and as a component of employee remuneration. Management believes certain non-IFRS measures provide useful supplemental information to investors in order that they may evaluate Select Sand's financial performance using the same measures as management. Management believes that, as a result, the investor is afforded greater transparency in assessing the financial performance of the Company. These non-IFRS financial measures should not be considered as a substitute for, nor superior to, measures of financial performance prepared in accordance with IFRS.
Reconciliation of Net Loss to EBITDA to Adjusted EBITDA:
Three Months Ended Three Months Ended
June 30, 2017 March 31, 2017
------ -------------------- -------------------- --------------------
Net Loss $ (1,512,812) $ (3,088,778)
Add Back
Depreciation and depletion 189,446 121,289
Share-based compensation 633,910 2,196,418
---------------- ----------------
EBITDA $ (329,456) $ (771,071)
Add Back
Loss from flooding at plant 76,737 -
Deduct For
Gain on sale of equipment (1,596) -
---------------- ----------------
Adjusted EBITDA $ (254,315) $ (771,071)
The Company defines Adjusted EBITDA as net income (loss) before finance costs, income taxes, depreciation and amortization, non-cash share-based compensation, loss from flooding at its plant, and gain on sale of fixed assets. Select Sands uses Adjusted EBITDA as a supplemental financial measure of its operational performance. Management believes Adjusted EBITDA to be an important measure as they exclude the effects of items that primarily reflect the impact of long-term investment and financing decisions, rather than the performance of the Company's day-to-day operations. As compared to net income according to IFRS, this measure is limited in that it does not reflect the periodic costs of certain capitalized tangible and intangible assets used in generating revenues in the Company's business, the charges associated with impairments, termination costs or Proposed Transaction costs. Management evaluates such items through other financial measures such as capital expenditures and cash flow provided by operating activities. The Company believes that these measurements are useful to measure a company's ability to service debt and to meet other payment obligations or as a valuation measurement.
Indicated Resources Disclosure
The Company advises that the production decision on the Sandtown deposit (the Company's current "Sand Operations") was not based on a Feasibility Study of mineral reserves, demonstrating economic and technical viability, and, as a result, there may be an increased uncertainty of achieving any level of recovery of minerals or the cost of such recovery, including increased risks associated with developing a commercially mineable deposit. Historically, such projects have a much higher risk of economic and technical failure. There is no guarantee that production will occur as anticipated or that anticipated production costs will be achieved.
Select Sands Corp.
Zigurds Vitols
President & CEO
(604) 639-4533
www.selectsandscorp.com
(MORE TO FOLLOW) Dow Jones Newswires
August 15, 2017 17:57 ET (21:57 GMT)
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Well, I just don't know where there is any support except back around .20.
So, It could very well hit it 52 week low of .17 again.
I just wish the company could be a little more communicative when they see the pps fall so low.
But it may not make a difference since they did give a uplifting PR last month about increased production.
My hands are already a bloody red from trying to catch that falling knife.
So I also wish us all some good luck.
SLSDF in another sea of red
broke through $0.40, picked up some more shares around $0.39, betting this dip under $0.40 is short lived
good luck and keep the faith
Guess NOT!
FMSA goes to a new 52 week low.
I give up!!!!
At least SLSDF is green as I type.
Look like I made a good bet on FMSA.
Lets see if their good quarter might give SLSDF a little boost up today?
SLSDF is burying me in the sands!
My hands are already bloody from keep grabbing this falling knife.
Although I do have a bid in at .40.
And probably will be pissed if this pops back up to over a dollar and I didn't get any of these cheap 40's shares.
I did buy some FMSA around 2.60.
It is marginable whereas SLSDF isn't
so it doesn't decrease my buying power.
So far SLSDF is one of my worst stocks of the year.
SLSDF in the mid $0.40s
have been adding yesterday & today during this sell off in the sector caused by SLCA earnings
Downgrades... that sure doesn't give me a warm and fuzzy feeling.
I just wonder if SLSDF has gotten any new orders.
They are close to Texas.
But since they have announced anything new and the pps is going nowhere, I guess all we can hope for is that they live up to the last PR.
Lots of oil companies downgraded today.
I guess it is time for the Oil price to fall again back to 40.
Downgrades today...using more Texas sand.
Fracking Industry Digs Texas Sand -- Market Talk
8:23 am ET July 20, 2017 (Dow Jones) Print
8:23 ET - Credit Suisse notes a bifurcation in the world of frac sand as the oil industry in Texas suddenly starts using locally-mined sand for fracking rather than hauling it expensively by train from mines in Wisconsin. The firm downgrades to neutral from outperform a pair of companies levered to Wisconsin's once-revered Northern White sand -- Fairmount Santrol (FMSA) and Smart Sand (SND) -- but keeps its outperform rating on US Silica (SLCA) and Hi-Crush Partners (HCLP), which have added mines in west Texas's Permian Basin. "Frankly, we are surprised at how much Texas capacity can be used as proppant [sand], and is being developed." (dan.molinski@wsj.com)
But looking at the Bid/Ask this morning
doesn't look like the pps is going to hold that gain.
Hope that is only temporary!
Yes, this gain was nice to see.
I hope it is the beginning of the way back up.
I am still down as much as 45% in my accounts.
GLTA
SLSDF
Select Sands Corp. ( (SLSDF)
0.67 ? 0.106 (18.79%)
Volume: 155,700 @ 3:26:47 PM ET
nice move 'up' today
SLSDF vs. peers
SLSDF
http://stockcharts.com/freecharts/gallery.html?slsdf
EMES
http://stockcharts.com/freecharts/gallery.html?emes
HCLP
http://stockcharts.com/freecharts/gallery.html?hclp
FMSA
http://stockcharts.com/freecharts/gallery.html?fmsa
SLCA
http://stockcharts.com/freecharts/gallery.html?slca
these charts look "highly" correlated...
patience, charts looking like the bottom has occurred already, IMO
Is this pps ever going to move up?
Was the last move up to 1.55 all a pump and dump?
Sure feels that way.
Are we being diluted for cash?
I wish I knew because I am losing my A$$ on this one.
One would think that if they are producing MORE oil because of MORE fracking, regardless of the ppb, they are are using MORE Frac sand.
So unless the frackers are shutting down and not fracking, Sand should be flowing also???
I'm wondering if this is still as viable as it was three months ago? Will this move on news or Is this a direct correlation with PPB of oil?
Enterprising Investor,
sorry no PM so I keep it at.... "very sorry to hear about XXX"
maybe I should upgrade Ihub again
re SLSDF holding here vs. adding more to see if the gap fills or if the trend continues higher
Born in Germany, so of course have to own German companies :)
only 2 big public players left in the banking sector, so might as well own them both (with each of their own troubles, LOL)
Glad to hear you agree with my DD on a recent pick/post of mine... always good to get a 2nd opinion
good luck!
re OXBC I believe it was/has been your or Chevy pick/DD that started me on this extremely successful investment, thanks!
Funny you should bring up CRZBY.
I see it is finally green for me again. Paid $11.26 back in 2013.
Never pulled the trigger on OXBC. I'm looking to narrow down an investment in one of two you recently posted on.
Agree, the big US bank stocks move should be completed but they should continue to perform in lockstep with improving US economy. In addition bank stock buybacks & raised dividends will support good performance, IMO.
There should be a shift from US Banks to European peers and I have accumulated positions in UBS, CS, DB, CRZBY, JBAXY, SAN to capture the "shift" in interest rate expectations in Europe.
Small US banks continue to perform well and there are numerous well run small community banks that represent good value long term plays e.g., OXBC, SLRK, BAYK, CZBS, and many others
Congratulations on your FOFN position again!
Oil Service is about scale and contracts, SEMG is my horse in this race along with the "toll collectors" ETE, EPD (solid distributions & growth)...
Then again, when the world will come to an end again and another crisis in the markets occurs... always good to own some physical metals or at least some miners
good luck and thank you for all your shared DD
The big move in bank stocks have now occurred. Select large banks like C still have some catching up to do.
Banks should be considered a "hold" if you have some in your portfolio. There are still some values in the community bank space. Personally, I have to replace FOFN.
I still have not owned this company. By not buying when 56Chevy brought it to our attention was probably a mistake. However, it ran up and then down. I prefer to buy businesses when they are down. Determining how low is low enough can be hazardous to one's portfolio.
I do prefer oil service businesses to small E&P companies. Several have made trips through Chapter 11. I believe oil prices have to stabilize above $50 for me to sink funds in oil or related businesses.
Chevy,
thanks to Enterprising Investor & your DD I already own some TPL. Its already couple years, prob early 2015 when you guys discussed it on Ihub. Own some TPL from the $150s and $170s, unfortunately sold 1/2 on the $250mark break
thanks
ps for the O&G industry I picked up SEMG @23.47 last week, fyi
No banks right now but if this O&G play on frac sand interests you and you want to get something to buy and hold for your children or grandkids take a look at TPL. Its not a traders stock...purely long haul investment. You buy it - you stash it away.
The story on what this is is one of the most interesting situations on Wall St. Fascinating stuff.
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