Post by
Frankie10 on Feb 24, 2023 12:41pm
US Silica
As posted on CEO.CA:
The oil and gas industry is progressing through a multi-year growth cycle. Constructive customer sentiment and strength in WTI crude oil prices are supportive of an active well completions environment in 2023.
US Silica Oil and Gas segment - revenue up 2%, tons sold up 2% - inference: sand price was flat in Q4 after climbing all year. my opinion: happy to see that sand price did not decline with gas price - remains at a level where SNS has the ability to be very, very profitable.
Also from US Silica: "The oil and gas industry is progressing through a multi-year growth cycle. Constructive customer sentiment and strength in WTI crude oil prices are supportive of an active well completions environment in 2023."
Also from US Silica: "The oil and gas industry is progressing through a multi-year growth cycle. Constructive customer sentiment and strength in WTI crude oil prices are supportive of an active well completions environment in 2023."