Can Heckmann Turn It Around?
Low natural gas prices have taken a huge bite out of Heckmann in 2012, down close to 50% as more and more firms cut their capital expenditures to recoup losses from large asset purchases and decreased revenue. Has the company reached its bottom? Fool.com energy editor Joel South does not think so as natural gas drilling rigs continue to decrease and E&P firms continually lower their guidance, increasing Heckmann's uncertainty going forward. Check out the video below for more information on what to expect from Heckmann in the second half of 2012.
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The article Can Heckmann Turn It Around? originally appeared on Fool.com.Austin Smith and Joel South have no positions in the stocks mentioned above. The Motley Fool owns shares of CARBO Ceramics and Heckmann and has the following options: long JAN 2013 $16.00 calls on Chesapeake Energy, long JAN 2013 $25.00 calls on Chesapeake Energy, long JAN 2014 $20.00 calls on Chesapeake Energy, long JAN 2014 $30.00 calls on Chesapeake Energy, and long JAN 2014 $4.00 calls on Heckmann. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.