Best Natural Gas Play
|Written by GSCR Staff|
|Wednesday, 23 January 2013 09:37|
The shale natural gas boom in Ohio, Pennsylvania, and West Virginia is big enough to get Hollywood's attention with the latest Matt Damon film. Getting in on the ground floor for investors and traders is still a possibility but getting tougher by the minute.
Heckman Corporation (NYSE – HEK – $3.91) might be in the right place at the right time. Heckman provides wastewater solutions for shale and other alternative oil and gas exploration. The company offers water delivery and disposal, trucking, fluids handling, treatment, temporary and permanent pipeline facilities, and water infrastructure services for oil and gas exploration and production companies. These types of businesses are the main focus of the environmental lobby when it comes to making sure that the fracking boom is kept in check.
Institutional ownership is nearly 30% and we believe that as natural gas moves higher, so does the stock. If natural gas prices become in play once again, HEK could reach its 52-week high of $5.71 once again.
Disclosure: Goldman Small Cap Research analysts are neither long nor short these shares but may elect to purchase the stock within the next 48 hours.
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