Post by
Frankie10 on Feb 25, 2022 1:31pm
US Silica - "we are essentially sold out of sand proppant"
Per today's earnings release:
"In our Oil and Gas segment, proppant and logistics demand improved sequentially, driven by stronger customer activity, particularly in West Texas. During the quarter, we also executed a number of contracts at improved prices as customers have been intent on securing proppant and delivery services for what is expected to be a very strong first half of 2022. Given these developments, we are essentially sold out of sand proppant."
Buckle up ladies and gentlemen.
Comment by
yixter on Feb 26, 2022 11:58am
A couple of weeks ago Zig put out guidance of 100 00-110 000 however since then there has been lots of talk of frack sand shortages and one of the large Frack sand companies in the US said they sold out of sand for oil and gas sector. So SNS should see much more tonnage soon one would think.
Comment by
Midtown007 on Feb 27, 2022 5:41pm
Speaking of US Silica I see where their stock was up 20% on Friday. If History shows us anything the large Cap's move first followed by the juniors . Select Sands is in a greatr position. Things in the Frac Sand Industry could really start to heat up !! Lets hope Select Sands can be a part of !!