This sudden resurge of equities has propelled me back to all time highs; and nothing is “surgier” than Hi-Crush Partners LP (HCLP).
Last night, they announced an amended supply agreement with Halliburton (HAL), for the usual terms – more committed volumes, higher prices, certain benchmarks for yet greater volumes at even higher prices still…etcetera etcetera.
This follows an announcement on the 17th of June for much the same deal with Liberty Oilfield Services.
The culmination of these announcements has sent HCLP to $58.50, at time of this correspondence, gracefully and effortlessly taking out new all time highs of its own.
For the year, I have only one bad investment, and that is NRP. At least, for now. Aside from that, it has been all gravy trains and cocaine buffets.
Up next on the menu: the EPA announcement of new power plant regulations will be recognized as the exact floor for coal stocks.
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