An Ancillary Energy Play Could Be a Bargain
A 13G filed with the Securities and Exchange Commission has disclosed that Ardsley Partners now owns 715,000 shares of Hi-Crush Partners (HCLP), a provider of "frac sand" that is used as an ingredient in frac fluids that in turn are being used to extract unconventional oil and gas.
Hi-Crush went public in mid-August, and it's down about 25% from its levels shortly after the IPO. Most of that decline came on Nov. 13, after the company announced that Baker Hughes (BHI) was canceling a supply agreement. Our database of 13F filings doesn't show Ardsley as having owned any shares in Hi-Crush at the beginning of October, so it's possible that the fund believes that the market overreacted to that announcement and has been moving into the stock....551 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.
