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Barron's energy roundtable issueDavid Heikkinen, founder and CEO of Heikkinen Energy Advisors, a Houston-based investment research firm: "...I would short fracking-sand companies, such as Hi-Crush Partners [HCLP] and U.S. Silica Holdings [SLCA]. They are effectively mining dirt. It is a low-margin business, and the U.S. is oversupplied. There is no barrier to entry. The charts look awful, but their estimates need to fall, and multiples should compress further." |
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