Make no mistake, Heckmann's (HEK +0.00%) Q2 this year was rough. They operate in the transport and disposal of environmentally sensitive materials, and were concentrated in natural gas and fracking wastewater. With the natural gas price plunge this year, a lot of companies pulled away from natural gas toward oil, which left them scrambling. But now, the company's approved merger with Power Fuels will let Heckmann draw 70% of its revenue from oil shale play from here forward, which means a whole new ball game.
A whole new ball game for Heckmann
About the Author
Joel is a University of Washington graduate and covers energy and materials for The Motley Fool. Be sure to follow The Motley Fool's energy and materials Twitter for all your energy and materials coverage.
Follow @tmfenergy