GREY:CLLZF - Post by User
Post by
Wellsitteron Aug 13, 2010 1:34pm
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Post# 17349036
OT- New Entrant Into Well Servicing
OT- New Entrant Into Well ServicingFor those who might be interested in the new technologies, GasFrac is an established company in Alberta that has just gone public on the TSX (GFS). They are a frac company (obviously) but what sets them apart is that they use LPG (liquid propane) to frac wells instead of water. This has numerous advantages to the oil & gas producers as well as being one positive answer to the recent negative focus on water use and aquifer contamination (real or perceived) in conventional fracing. I bought it today thinking that, like Connacher, the story is good, the assets are real and there's potential to make money.