Thanks for the info on SND. I have about a $15 avg. on my shares, which I felt good about until Thursday's drop. Is there anything you see out there that has caused this drop across all Frac Sand companies? There was significant weakness after SLCA reported their Q4 report and suggested some healthy capacity increases which spooked the markets. Since then frac sand stocks have been under some heavy selling pressure. SLCA reports next week. Do you think some of this weakness is based on fear or a similar sell-off after their Q1 results?
With oil holding above $50 and rigs being added weekly, I'm a bit surprised by the recent weakness here.
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