Make no mistake, Heckmann's (NESC) 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.
Free Article
You're reading a free article with opinions that may differ from The Motley Fool's Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More
Premium Investing Services
Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.