In a recent presentation, ExxonMobil (NYSE: XOM) said that hydraulic fracking could be a $600 billion stimulus for the United States in the coming years. The technology behind fracking has led to the energy renaissance we have been witnessing here in the States, and it will likely pick up the pace once prices begin to return to equilibrium in the natural gas arena.
Where to turn for fracking profits?
Look no further than Halliburton (NYSE: HAL) and CARBO Ceramics (NYSE: CRR). These two companies are intimately tied to the fracking market, with Halliburton being a services expert and CARBO providing the key proppants necessary to keep the fissures open during pumping. North American land drilling has hopefully reached a trough with a potential peak a lot higher than one might expect.
Joel South has no position in any stocks mentioned. Taylor Muckerman owns shares of Halliburton. The Motley Fool recommends Halliburton. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.