RE:High Crush partners, Smart Sands...PatchHand wrote: The big players in the frac sand market have fallen so much lately I don't see much incentive in accumulating in a higher risk play like Select Sands anymore. I can buy Smart Sands or High Crush with more certainty that I will see gains once Oil settles in a more favorable price. $60 oil would surely double both of these companies. Safer bet is all. Anyone else have thoughts on the bigger companies in the frac sands market?
High Crush is down 9% today, nearly 50% losses since February. Smart Sands down 5.5%, also down 50% since February. Might have to start looking here.
You seem to have a misunderstanding of the price direction. Big stretch of sideways movement with a failed break to the upside spells one thing: take out previous lows ($1.30's). External circumstances support the technicals; plenty to be bearish about now.
SNS ran with the rest of em and oil through December 2016. Not sure why Selec Sands is a higher risk play unless to you volatality equates to high risk...?
Thus far, management has delivered and has been very competent. If SNS has the intention of blossoming into a big business, there is much headroom to grow. Time your moves via technical analysis and be patient. SNS is still the hidden gem.