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Marker:
Select Sands Corp. (SLSDF)
$1.08 down -0.11 (-9.24%)
Volume: 160,418
Price of WTI crude closed down almost 2% today at $49.73.
Rightly of wrongly frac sand tracks with the commodity. Don't expect SLSDF to go up when oil weakens.
Marker:
Fairmount Santrol Ho (FMSA)
$5.345 down -0.205 (-3.69%)
Volume: 12,419,141
Marker:
First NBC Bank Holdi (FNBC)
$3.40 down -0.15 (-4.23%)
Volume: 377,116
Marker:
Bofi Holding, Inc. (BOFI)
$24.77 up 0.06 (0.24%)
Volume: 858,159
Real Industry, Inc. (RELY)
$2.225 down -0.175 (-7.29%)
Volume: 270,820
Once this goes below $2 I would be a buyer. Valuation aside I think the stock is being overly punished to the point of grossly oversold.
Latest 10K reveals catastrophic results for 2016. The company lost ($1.51) per share.
Downtime due to crude supply stoppages crippled the company and tripled YoY.
There is no doubt now the BDCO ship and mute captain are going down ... the reef of bankruptcy dead ahead.
I have no optimism that the dispute with GEL is going well for Carroll & Co.
UBPR Report for Dec. 31, 2016
Net Operating Income for the year was $3.245M.. which is up an admirable 26% from the previous year.
Considering this bank's net operating income for 2012 & 2013 was a combined loss of -$7M this shows significant and steady material improvements YoY.
https://cdr.ffiec.gov/public/Reports/UbprReport.aspx?rptCycleIds=101%2c86%2c81%2c76%2c72&rptid=283&idrssd=3161144&peerGroupType=&supplemental=
*This recent RS will send most retail investors for the fire exits...but I view {the RS] as a good move. This bank can now be held by institutional investors. This RS was the final "fix" needed to get this bank back in good standing with Wall St. Their financial improvements won't go un-noticed. Consolidation may be in their future as well.
Marker post 1:50 reverse split enacted 5 days ago is:
United American Bank (UABKD)
$16.00 0.0 (0.00%)
Volume: 3
Marker:
First Intercontinent (FIEB)
$9.40 0.0 (0.00%)
Volume: 0
Watch: Refugees leaving Islam en masse for Jesus
A recent report on RT News, reveals scores of former Muslims converting to Christianity in Europe. I recently met with a missionary to Europe who told me of one evangelist from a Muslim background who goes into refugee camps every day. Because of the danger, he asks the Lord to lead him to those refugees who are ready. The results of have been astounding.
One church has grown from 150 to 700 mostly from refugee converts. Last week 80 refugees from Iran and Afghanistan were baptized. In Austria, since January 1st there have been more than 300 applications for baptism and 70% are Muslim background refugees. And a church in Liverpool is attracting over 100 in their Farsi service (language spoken in Iran).
Furthermore, many of these have followed Yeshua into the waters of immersion—making it official to all their friends and family that they have left Islam and now serve Yeshua. One young lady says in the video, “Since I became a Christian, I fear no one.”
Why Now?
One of the reasons for the mass conversations is ISIS. Many of these refugees have witnessed the most horrible atrocities in the name of Islam at the hands of ISIS members. They want nothing to do with that religion.
Another reason is that in Muslim countries the penalty for converting is usually death. In Europe no such laws exist.
Additionally, it is rare that someone can hear the true message of Yeshua in countries like Syria and Saudi Arabia. However, in Europe, they can freely go to a church.
In their home countries, even if they are not killed, they will suffer complete rejection from their families and communities. There is no where else to go. In Europe they are finding new friends, who embrace them fully in the love of Yeshua.
Let’s keep praying for eyes to be opened and more Muslims to find freedom in Yeshua.
https://kehilanews.com/2017/03/20/watch-refugees-leaving-islam-en-masse-for-jesus/
Marker:
Fairmount Santrol Ho (FMSA)
$6.50 down -0.58 (-8.19%)
Volume: 6,527,994
*Current price of WTI crude is $48.16 @ bbl.
FSMA is down 50% over the last month.
FD: I hold no position on FMSA at this time but I will strongly consider it should it fall another 25%. IMO price decay is not attributable to a drop in demand or company financials. Frac sand suppliers, rightly or wrongly, are very tightly tethered to the daily volatility of crude. Frac sand usage has grown so much over the last 12 months it has quietly become a full fledged commodity. What was once delivered in dump truck type quantities now takes a full trainload. To recover more oil more sand is required. How much more? A single well today requires as much as 15,000 tons of sand. To put that in perspective multiple 15,000 X 2,000 = 30,000,000 lbs. To move 30MM pounds of sand requires 150 hopper cars. Now visualize a freight train 150 hopper cars long rumbling out to the oil patches required to frac just a single well. The sheer quantity is hard to grasp. Logistics to get it out to the oil fields is another factor.
Although drilling and the price of oil has been greatly curtailed since the summer of 2014 the demand for frac sand has gone through the roof.
The commodity Oil is in a glut situation...however the commodity of Sand is just the opposite. Its only a matter of time before Wall St. figures out which commodity will produce the highest ROI.
As U.S. shale oil activity surges, sand could be in short supply
Commodities | Fri Feb 17, 2017
Demand for frac sand has surged in recent weeks as U.S. producers rush back to the oil patch, stoking concern that supplies of the key component of drilling may not be able to keep up with demand later this year, industry professionals said.
The growing appetite for frac sand comes as oil producers have added hundreds of rigs in U.S. oil fields from Texas to North Dakota. Last week, the U.S. rig count hit 591, the highest since October 2015 and nearly double the figure seen seven months ago.
Raymond James predicts the number of rigs could approach 1,000 by the end of 2018.
“The worm has turned,” said Chris Keene, CEO of Rangeland Energy LLC, a privately held logistics company in Sugar Land, Texas.
U.S. producers pump frac sand and other materials into wells to break up shale rock and produce oil. Wells are getting longer and wider, requiring larger amounts of sand.
The frac sand industry was among the hardest hit during the oil rout of the past two years, as producers slashed capital budgets and looked to shed – or renegotiate – long-term supply contracts with sand companies that had been made during the boom years.
Several of the major frac sand companies saw shares plummet amid investor skepticism.
But frac sand producers like Fairmount Santrol Holdings and U.S. Silica Holdings are regaining their price leverage and producers are once again looking to lock in long-term supply contracts amid widespread optimism that global oil production cuts will provide stable, higher prices.
Raymond James, in a January investor note, estimated frac sand demand would hit record levels this year at roughly 55 million tons and exceed 80 million tons by next year, 60 percent above 2014 levels, due in large part to producers requiring more sand per well.
Tudor, Pickering, Holt & Co ran a U.S. demand model early last year that significantly underestimated demand for 2017 and 2018, forcing the bank to revise its forecast in December to predict record demand for 2018. Tudor says tightening supplies and logistical challenges could send frac sand prices to 2014 levels, when there were 1,500 rigs in U.S. oil patches.
Rangeland operates a frac sand terminal in New Mexico that delivers roughly 2 million tons of sand annually to producers in the Delaware Basin, an oil patch that stretches from West Texas into New Mexico. Rangeland CEO Keene said January frac sand deliveries out of the company's terminal reached record levels.
OIL PRODUCERS 'SCRAMBLING'
Taylor Robinson, president of PLG Consulting, which helps companies solve transportation issues, said frac sand demand has “significantly” picked up in the past six weeks, and demand is expected to skyrocket over the next seven months.
“I think people are looking at the potential demand numbers, and, for the first time, people are scared that there will not be enough sand to meet the demand,” Robinson said.
“Oil producers are scrambling to lock in long-term contracts to avoid being caught short. People are really gearing up for the next wave.”
The increased demand will push sand prices up by 60 percent, hitting the $40 per ton range over the next 18 months, Raymond James said. Sand costs are about $25 per ton today and reached $70 per ton prior to the downturn and when supplies were short.
Keene said the real concern is the logistical challenges that come with moving high volumes of sand.
Some producers are using a unit train - roughly 75 or more rail cars in a line - on each well, Keene says. He said that presents some significant logistical challenges that could hamper production.
"People are going to have to build large, unit-train scale facilities at these volumes," he said. "Once you start fracking a well, you need to keep sand on it."
Source:
http://www.reuters.com/article/us-usa-oil-frac-sand-idUSKBN15W0DT
*Current price of WTI crude is $48.89 @ bbl.
Marker:
Select Sands Corp. ( (SLSDF)
$1.24 up 0.07 (5.98%)
Volume: 100,899
China on course to become 'world's most Christian nation' within 15 years
[....]
Officially, the People's Republic of China is an atheist country but that is changing fast as many of its 1.3 billion citizens seek meaning and spiritual comfort that neither communism nor capitalism seem to have supplied.
Christian congregations in particular have skyrocketed since churches began reopening when Chairman Mao's death in 1976 signaled the end of the Cultural Revolution.
Less than four decades later, some believe China is now poised to become not just the world's number one economy but also its most numerous Christian nation.
[....]
http://www.telegraph.co.uk/news/worldnews/asia/china/10776023/China-on-course-to-become-worlds-most-Christian-nation-within-15-years.html
Marker:
Nabors Industries Lt (NBR)
$13.49 down -0.05 (-0.37%)
Volume: 5,899,338
*Current price of WTI crude is $48.72 @ bbl.
Oil at $40 no problem as U.S. drillers snub OPEC with hedges
HOUSTON (Bloomberg) -- OPEC’s worst enemy isn’t U.S. shale drillers. It’s the hedges propping them up.
American oil explorers who survived the worst of the 2014-2016 market rout are shrugging off the 14% slide in prices this year from a high of $55.24/bbl to less than $48/bbl Tuesday. The price would have to drop to the $30s or lower to dent the bottom line of many drillers now working U.S. shale fields, said Katherine Richard, the CEO of Warwick Energy Investment Group, which own stakes in more than 5,000 oil and natural gas wells.
That’s because many producers have already locked in future returns with financial contracts that guarantee the price of their oil for most of the rest of the decade. Such resilience poses a dilemma for countries that agreed to an OPEC-led production cut aimed at tightening supplies to raise prices and relieve their distressed national economies.
“We’re in a boom again in Texas, despite what’s happening with prices lately,” said Michael Webber, deputy director of the University of Texas’ Energy Institute in Austin. “The cowboy spirit is back. Hedging is playing a big role.”
Oil prices took another hit on Tuesday after Saudi Arabia dropped a bombshell on OPEC: the Saudis, heavyweight of the 13-nation cartel, raised its output last month to more than 10 MMbpd, reversing about a third of the cuts it made the previous month.
Though Saudi Arabia is still meeting its commitment even with the increase, other members are lagging and the disclosure intensified concern that the group won’t be able to muster enough of the promised cuts to strengthen the market.
No free rides
Just last week, Saudi Energy Minister Khalid Al-Falih warned a Houston energy conference that the kingdom won’t indefinitely “bear the burden of free riders,” a veiled shot at Russia, Iraq and the United Arab Emirates, which have yet to deliver all the curbs they promised. At the same time, shale billionaire and Continental Resources Inc. founder Harold Hamm cautioned that unbridled drilling by shale explorers would crush prices and “kill” the oil market.
Prices are probably headed even lower in coming months, Warwick’s Richard said. Explorers that own drilling rights in the richest zones of the most profitable shale plays will continue making big returns, prompting them to boost output even more, while weaker companies on the fringes of the best zones will falter, she said.
Falling prices
WTI settled at $47.72/bbl Tuesday on the New York Mercantile Exchange after earlier falling to as low as $47.09/bbl, the lowest level since late November. The futures lost 9.7% of their value in the past week alone.
Hedging is how oil companies shield themselves from a potential market collapse. Risk management teams buy and sell derivatives such as options contracts that set a floor and ceiling on the price a company will receive for its oil. The banks on the other side of the trade get a fee and may record additional gains if the market moves in their favor. If the price drops, the oil company is protected.
Pioneer Natural Resources Co., one of the most prolific drillers in the Permian Basin beneath Texas and New Mexico, had 85% of its projected 2017 crude output hedged as of last month. Another 10% of estimated 2018 production also was protected, according to the Irving, Texas-based company. Pioneer’s founder and Chairman Scott Sheffield predicted last week that crude will drop to $40/bbl if OPEC and its allies don’t extend their output cuts beyond June.
Well-hedged
Parsley Energy Inc., an Austin, Texas-based explorer created by Sheffield’s son, Bryan, as of last month had locked in prices for barrels that won’t be pumped until 2019. Other well-hedged oil producers include Hamm’s Continental, RSP Permian Inc. and Diamondback Energy Inc.
Among those undeterred by falling oil prices is billionaire investor Richard LeFrak, CEO of the LeFrak Organization in New York, who has invested in drilling properties in Oklahoma and the Permian. In a Bloomberg TV interview Wednesday, LeFrak said he’s not hedging -- "I’m not that smart" -- but that all his projects in the Permian are profitable at $50/bbl.
Oil "has turned into more of a mining business than an exploration business," he said. "The technology today is so sophisticated it’s really not about, ‘Is it there?’ It’s mostly about ‘How much of what is there can I recover and what is it going to cost to do that?’"
The number of rigs searching for crude in U.S. fields has nearly doubled to 617 since hitting a multi-year low in May. And while crude prices are up more than 80% since touching a 12-year low of $26.05 in February last year, prices haven’t topped $55/bbl since the first week of January.
The growth in the rig count is expected to taper off if oil prices don’t climb above $55/bbl around the end of this month, Andrew Cosgrove, an analyst at Bloomberg Intelligence, said in a phone interview. It would take oil dropping below $50/bbl for a few months to bring about an actual reduction in the rig count, he said. In recent weeks, even prices above $45/bbl were enough to encourage explorers to rent more rigs, he said.
Risk minimized
No hint of a coming drop off in the rig count has been seen yet, thanks to explorers’ hedging underpinned by two years of cost-cutting. A lot of the risk has been carved out of spending budgets, especially for U.S. drillers, James West, an analyst at Evercore ISI, wrote March 13 in a note to investors. So a 10% slide in the oil price in March won’t have a commensurate impact on activity, he said.
Oilfield service companies benefiting from the increased work are focused on not losing their traction during the recovery, West said.
"The downturn has strengthened the resolve of service companies, and they are unfazed by modest, temporary moves in commodity prices," West wrote. "Balance sheets and cost structures have been completely overhauled to profit in a low commodity price environment."
Nabors Industries Ltd., the world’s largest land-rig contractor, surveyed its customers working onshore in the U.S. just after the start of the year. Nearly 60% plan to add rigs between now and June 30, and none indicated a cutback, the company said late last month.
Some of the newest, most technologically advanced rigs available for rent from Nabors are commanding more than $20,000 a day, up from about $17,000 last year. In fact, rental prices for its rigs are moving up so strongly that Nabors is "actively trying not to contract too far in advance" so it can take the fullest advantage of rising prices, Anthony Petrello, chief executive officer at Nabors Industries Ltd, told analysts and investors Feb. 23 on a conference call.
Break even
In the best areas of the Eagle Ford of South Texas, oil prices would have to fall considerably for exploration and production companies to lose money on their drilling. In La Salle County, explorers break even when oil is $36/bbl or higher, and in nearby Gonzales County, the price is $39/bbl, according to William Foiles, an analyst at Bloomberg Intelligence.
"Unless we see a full-scale collapse in prices, I don’t think you’re going to see a lot of E&Ps totally abandon their production forecasts and their activity commitments," Foiles said in a phone interview.
Source:
https://www.worldoil.com/news/2017/3/15/oil-at-40-no-problem-as-us-drillers-snub-opec-with-hedges
*Current price of WTI crude is $48.72 @ bbl.
Marker;
Select Sands Corp. ( (SLSDF)
$1.17 up 0.16 (15.84%)
Volume: 393,476
Oil at $40 no problem as U.S. drillers snub OPEC with hedges
HOUSTON (Bloomberg) -- OPEC’s worst enemy isn’t U.S. shale drillers. It’s the hedges propping them up.
American oil explorers who survived the worst of the 2014-2016 market rout are shrugging off the 14% slide in prices this year from a high of $55.24/bbl to less than $48/bbl Tuesday. The price would have to drop to the $30s or lower to dent the bottom line of many drillers now working U.S. shale fields, said Katherine Richard, the CEO of Warwick Energy Investment Group, which own stakes in more than 5,000 oil and natural gas wells.
That’s because many producers have already locked in future returns with financial contracts that guarantee the price of their oil for most of the rest of the decade. Such resilience poses a dilemma for countries that agreed to an OPEC-led production cut aimed at tightening supplies to raise prices and relieve their distressed national economies.
“We’re in a boom again in Texas, despite what’s happening with prices lately,” said Michael Webber, deputy director of the University of Texas’ Energy Institute in Austin. “The cowboy spirit is back. Hedging is playing a big role.”
Oil prices took another hit on Tuesday after Saudi Arabia dropped a bombshell on OPEC: the Saudis, heavyweight of the 13-nation cartel, raised its output last month to more than 10 MMbpd, reversing about a third of the cuts it made the previous month.
Though Saudi Arabia is still meeting its commitment even with the increase, other members are lagging and the disclosure intensified concern that the group won’t be able to muster enough of the promised cuts to strengthen the market.
No free rides
Just last week, Saudi Energy Minister Khalid Al-Falih warned a Houston energy conference that the kingdom won’t indefinitely “bear the burden of free riders,” a veiled shot at Russia, Iraq and the United Arab Emirates, which have yet to deliver all the curbs they promised. At the same time, shale billionaire and Continental Resources Inc. founder Harold Hamm cautioned that unbridled drilling by shale explorers would crush prices and “kill” the oil market.
Prices are probably headed even lower in coming months, Warwick’s Richard said. Explorers that own drilling rights in the richest zones of the most profitable shale plays will continue making big returns, prompting them to boost output even more, while weaker companies on the fringes of the best zones will falter, she said.
Falling prices
WTI settled at $47.72/bbl Tuesday on the New York Mercantile Exchange after earlier falling to as low as $47.09/bbl, the lowest level since late November. The futures lost 9.7% of their value in the past week alone.
Hedging is how oil companies shield themselves from a potential market collapse. Risk management teams buy and sell derivatives such as options contracts that set a floor and ceiling on the price a company will receive for its oil. The banks on the other side of the trade get a fee and may record additional gains if the market moves in their favor. If the price drops, the oil company is protected.
Pioneer Natural Resources Co., one of the most prolific drillers in the Permian Basin beneath Texas and New Mexico, had 85% of its projected 2017 crude output hedged as of last month. Another 10% of estimated 2018 production also was protected, according to the Irving, Texas-based company. Pioneer’s founder and Chairman Scott Sheffield predicted last week that crude will drop to $40/bbl if OPEC and its allies don’t extend their output cuts beyond June.
Well-hedged
Parsley Energy Inc., an Austin, Texas-based explorer created by Sheffield’s son, Bryan, as of last month had locked in prices for barrels that won’t be pumped until 2019. Other well-hedged oil producers include Hamm’s Continental, RSP Permian Inc. and Diamondback Energy Inc.
Among those undeterred by falling oil prices is billionaire investor Richard LeFrak, CEO of the LeFrak Organization in New York, who has invested in drilling properties in Oklahoma and the Permian. In a Bloomberg TV interview Wednesday, LeFrak said he’s not hedging -- "I’m not that smart" -- but that all his projects in the Permian are profitable at $50/bbl.
Oil "has turned into more of a mining business than an exploration business," he said. "The technology today is so sophisticated it’s really not about, ‘Is it there?’ It’s mostly about ‘How much of what is there can I recover and what is it going to cost to do that?’"
The number of rigs searching for crude in U.S. fields has nearly doubled to 617 since hitting a multi-year low in May. And while crude prices are up more than 80% since touching a 12-year low of $26.05 in February last year, prices haven’t topped $55/bbl since the first week of January.
The growth in the rig count is expected to taper off if oil prices don’t climb above $55/bbl around the end of this month, Andrew Cosgrove, an analyst at Bloomberg Intelligence, said in a phone interview. It would take oil dropping below $50/bbl for a few months to bring about an actual reduction in the rig count, he said. In recent weeks, even prices above $45/bbl were enough to encourage explorers to rent more rigs, he said.
Risk minimized
No hint of a coming drop off in the rig count has been seen yet, thanks to explorers’ hedging underpinned by two years of cost-cutting. A lot of the risk has been carved out of spending budgets, especially for U.S. drillers, James West, an analyst at Evercore ISI, wrote March 13 in a note to investors. So a 10% slide in the oil price in March won’t have a commensurate impact on activity, he said.
Oilfield service companies benefiting from the increased work are focused on not losing their traction during the recovery, West said.
"The downturn has strengthened the resolve of service companies, and they are unfazed by modest, temporary moves in commodity prices," West wrote. "Balance sheets and cost structures have been completely overhauled to profit in a low commodity price environment."
Nabors Industries Ltd., the world’s largest land-rig contractor, surveyed its customers working onshore in the U.S. just after the start of the year. Nearly 60% plan to add rigs between now and June 30, and none indicated a cutback, the company said late last month.
Some of the newest, most technologically advanced rigs available for rent from Nabors are commanding more than $20,000 a day, up from about $17,000 last year. In fact, rental prices for its rigs are moving up so strongly that Nabors is "actively trying not to contract too far in advance" so it can take the fullest advantage of rising prices, Anthony Petrello, chief executive officer at Nabors Industries Ltd, told analysts and investors Feb. 23 on a conference call.
Break even
In the best areas of the Eagle Ford of South Texas, oil prices would have to fall considerably for exploration and production companies to lose money on their drilling. In La Salle County, explorers break even when oil is $36/bbl or higher, and in nearby Gonzales County, the price is $39/bbl, according to William Foiles, an analyst at Bloomberg Intelligence.
"Unless we see a full-scale collapse in prices, I don’t think you’re going to see a lot of E&Ps totally abandon their production forecasts and their activity commitments," Foiles said in a phone interview.
Source:
https://www.worldoil.com/news/2017/3/15/oil-at-40-no-problem-as-us-drillers-snub-opec-with-hedges
*Current price of WTI Crude $48.72 @ bbl.
Marker:
Texas Pacific Land T (TPL)
$282.21 up 10.16 (3.73%)
Volume: 15,859
And who programmed you?
Malice from detractors towards Christians has existed since Messiah Yeshua was a boy speaking in the local synagogue. And much to their chagrin has had no effect on stopping or slowing the good news of the gospel.
The fastest growing Christian countries today are China and Iran. The darkest places on earth spiritually speaking in the 21st century are being saved and there is no explanation for it other than God himself is changing hearts.
God is on the move. You're like an ant standing in front of a bulldozer lakers17. Your hatred stems from bitterness. There is a cure for that at the foot of the cross.
Christians want nothing but divine blessings to follow you the rest of your days.
I wish you well...God's speed.
Judaism's ultimate anticipation is the coming of a Messiah.
If you did adopt Judaism how would you identify or know when that Messiah was present?
I wouldn't say it won't ever happen. He's been known to come to people in unmistakable dreams. The bible is full of examples. You may or may not be one of those people...idk..that's above my pay grade.
Its also possible He may have already given you over to a reprobate mind. I pray not...that would be tragic. I'd like to see you have every chance to hear his story from his lips and not mine while you still have breath in your lungs.
If you do challenge him keep in mind He may not reveal himself in the way you expect...when you expect.. or how you expect...and His response may not be what you thought you would hear.
I would say good luck...but luck has nothing to do with it.
Ok ..that was an honest answer...and we now know what you would do if you came face to face with him.
If you did talk with him what would you ask him?
So if you were standing face to face with Jesus would you call him names? Would you spit in his face?
I know what he would do ..but I'm curious what you would do.
The more I dig into the data on sand the more I realize not all sand is created equal.
There is a source of sand that has been extensively quarried and used by the O & G industry in Texas called "Brady" or "Brown" sand.
Brown sand is rated 'Tier II' which is cheaper to use than a Tier 1 product but it's less efficient because the individual grains have more of a square shape...and that square shape hinders the conductivity or flow. Not good.
There are other differences but going forward there is no way of knowing which sand will be preferred in the Permian or the Eagle-Ford oil patches. Cost will certainly dictate but the science on this is a moving target....it's evolving as efficiencies are discovered. Zeroing in on the optimal product is critical because once you jam thousands of tons of sand into every small crack & crevasse in your well it's too late to remove it and go with a more superior proppant.
Good Luck.
Chevy
Marker:
Select Sands Corp. ( (SLSDF)
$1.0555 up 0.0555 (5.55%)
Volume: 45,800
In a word - Timing.
SLSDF is an emerging frac sand player. They may have no real market share to speak of but that can be quickly remedied.
The industry leading competitors were all built on $100 oil...profits were plenty but so was their appetite for debt.
They're also hamstrung by fire sale contracts...many of which remain active today. They were written out of times of desperation.
Another consideration is SLSDF has an considerable geographic advantage. They're quarry is closer to the oil patches that matter.
Competitors will have higher freight cost to pass on to their customers.
The amount of sand we're talking about to frac just one well in 2017 vs prior years is truly staggering. Think trainload instead of truck loads for a single well. Estimates on DUC's alone is approx. 4,000 wells. Demand is a looming giant.
The last factor to consider has more to do with a new geo-political environment. Trump is pro-domestic oil. I look for policies to unshackle domestic production.
Marker:
Select Sands Corp. ( (SLSDF)
$1.00 down -0.04 (-3.85%)
Volume: 229,681
Marker:
Fairmount Santrol Ho (FMSA)
$7.12 -1.54 (-17.78%)
Volume: 11,502,309
*Current price of WTI crude $48.97 @ bbl.
Marker:
First Nbc Bank Holdi (FNBC)
$4.75 up 0.3 (6.74%)
Volume: 280,118
As of February 24, 2017, prices for Nat Gas were 30.3% below their 12-month highs.
Reminder - Unpaid dividends have been accumulating since March of 2016
Marker:
Gastar Exploration I (GST-B)
$24.0965 up 0.2865 (1.20%)
Volume: 24,311
*Price of WTI crude is $54.74 @ bbl.
Reminder - Unpaid dividends have been accumulating since March of 2016
Marker:
Gastar Exploration 8 (GST-A)
$22.4678 up 0.7278 (3.35%)
Volume: 24,701
*Price of WTI crude is currently $54.74 @ bbl.
Marker:
First NBC Bank Holdi (FNBC)
$5.05 up 0.55 (12.22%)
Volume: 878,483
Marker:
Bofi Holding, Inc. (BOFI)
$30.48 up 0.92 (3.11%)
Volume: 498,238
The yield on the benchmark 10-year note climbed to a high of 2.45%.
SELECT SANDS ACQUIRES 457 ACRES 3 MILES NORTHWEST OF SANDTOWN PROJECT, NORTHEAST ARKSANSAS, US
January 25, 2017 – Vancouver, BC, Canada. – Select Sands Corp. (“Select Sands” or the “Company”) (TSXV: SNS | OTCQX: SLSDF) today announced its wholly-owned subsidiary American Select Corp. has completed the purchase of an additional 457 acres of property approximately three miles from its 520 acre Sandtown location. Referred to as the Bell Farm, the Company believes that the property is underlain by the St. Peters formation based on certain information available to the Company and information in the public domain. The St. Peter Sandstone formation is a source of Northern White Tier-1 frac sand. The Company plans to do further work to determine the quality and quantity of sand, if any, contained within the property boundary. The Company is not able to confirm at this time whether this property will have an economically viable amount of sand. The total purchase price was approximately $950,560 USD which included agent’s fees of $36,560 USD.
http://www.selectsandscorp.com/2017/01/25/select-sands-acquires-457-acres-3-miles-northwest-sandtown-project-northeast-arksansas-us/
Marker:
Select Sands Corp. (SLSDF)
$1.4393 up 0.0593 (4.30%)
Volume: 121,186
*Price of WTI is currently $53.76 @ bbl.
Marker:
Select Sands Corp. ( (SLSDF)
$1.3975 up 0.0775 (5.87%)
Volume: 36,264
*Price of WTI is currently $53.06 @ bbl.
Key pieces in recovery are now in place;
They can't see your orders to hit on them any more than you can see their bid. For the most part this is a blind market.
Good luck.
Hard to say where this steady stream of $3 shares are coming from... but I suspect it's an institutional type holder who had a reasonably large number to eject when the stock went grey.
Marker:
United Development F (UDFI)
$2.85 down -0.05 (-1.72%)
Volume: 15,691