No, I haven't sold. In fact, i'm big time under water here, and i'm not selling and I believe this thing will eventually go higher, but not anytime soon.
To me this is a play on America's energy independence. Fracking is a necessary part of this and recyclable water is needed to frack. There is competition out there, and correct me if i'm wrong, but I don't think they have the nationwide scale that Nuverra does and I believe the big oil and gas companies would rather deal with on company for this. In the end these oil companies need to Frack in order to get the production they've been getting.
And lastly, according to the Wall Street journal, the U.S. will achieve energy independence by 2020. We will go from importers of oil & gas to exporters. So there is a lot of runway here and no need to panic.
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