Oil and Gas Fracking Prop up This Sand Provider
By Taylor Muckerman and Joel South
February 27, 2013
After its first full year as a public company, U.S. Silica (NYSE: SLCA ) released dynamic growth figures and has its sights set on even greater returns in the future. Providing silica sand to the fracking industry has become the largest contributor to the company’s sales and earnings, but it is still diversified enough to where it’s not solely reliant on this growing industry. Taylor Muckerman believes the fracking boom could help U.S. Silica turn in a few more years of growth like the 49.5% hike in revenues it realized in 2012.
Domestic oil and gas service companies have taken a hit due to a slowdown in the natural gas drilling boom of the last couple of years. As this market looks to rebound, investors would be wise to consider Halliburton, one of the top companies in the business and one of those most in tune with the domestic market. You need to know about how Halliburton is positioning itself both at home and abroad.