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Hi-Crush Partners Tells Investors Not To Worry

As I'm sure you are well aware, I have been bullish on the frac sand industry with specific emphasis on U.S. Silica (SLCA) stock. Today I will be reviewing why I am bullish on Hi-Crush Partners (HCLP). It reported solid earnings results on February 3rd. The firm's report of its EBITDA rising to $45 million in Q4 2014 compared to $24 million in Q4 2013 has sent stocks in entire frac sand industry higher. The results really shouldn't be surprising to investors as I have repeatedly emphasized that a temporary drop in oil prices could not possibly stop a multi-year growth period in the frac sand industry as companies will be using an increased amount of proppant in each well. What seems to be occurring is that firms are "circling the wagons" meaning they are lowering their rig counts in the high cost areas and focusing on production in the… Read More …