RE:Sorry if this is a repost...Great Post - they did this here in Canada, about 6-7 weeks ago in Edmonton: so its god to see it being taken down to Houston. In fact I like the presentation in Houston, more so than in NYC on 8-10th Sept. because the Houstonians, Texano's, the energy men get it.
Be big Ken Murdoch, BE BIG.
I think they will be like the Northern White position and the line to Alberta.
BTW - Preffered Sands - jus went through a ~$600M recap with KKR, I suppose a final point I want to make about the health of this nascent industry - is that the Preffered Sans, SLCA, EMES, HLCP - have cash piles (with expanding margins) - and there is only so much organic growth they can do - so they the growth option comes from buying.
They have to do it, btw, because these public names have no debt - and if they dont want to be eaten - they need to lever up, and increase there EV. They are all due to do it.
I do like Victory Silica's position across from that cashed up, hungry universe down there.