Make no mistake, Heckmann's (NYS: HEK) Q2 this year was rough. They operate in the transport and disposal of environmentally sensitive materials, and were concentrated in natural gas and fracking wastewater. With the natural gas price plunge this year, a lot of companies pulled away from natural gas toward oil, which left them scrambling. But now, the company's approved merger with Power Fuels will let Heckmann draw 70% of its revenue from oil shale play from here forward, which means a whole new ball game.
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The article A New and Greatly Improved Heckmann originally appeared on Fool.com.
Joel South has no positions in the stocks mentioned above. Taylor Muckerman has no positions in the stocks mentioned above. The Motley Fool owns shares of Heckmann and has the following options: long JAN 2013 $16.00 calls on Chesapeake Energy, short JAN 2014 $15.00 puts 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.