Speak Of The Devil And He Shall Amend HCLP’s Supply Agreements

Cain Hammond Thaler, 10:41 pm last night:

Even here I am a long term holder of HCLP; I think we see it go on a hundred dollar roll at least by the end of next year. A lot depends on if supply agreement announcements keep coming.

Thomson Reuters, this morning:

Houston, Texas – August 11, 2014 – Hi-Crush Partners LP (HCLP), or Hi-Crush, today announced the entry into an amendment to its supply agreement with Weatherford. The amendment increases the annual committed volumes under the supply agreement on certain grades of frac sand. In the supply arrangement, Weatherford agreed to pay a specified price for a specified minimum volume of frac sand each month.

“We are pleased that Weatherford has chosen, once again, to expand our relationship by entering into this amendment,” said James M. Whipkey, Co-Chief Executive Officer of Hi-Crush. “Weatherford`s increased commitment for volumes further underscores the demand for Hi-Crush sand as we bring on new production capacity this year.”

Suffice to say, it’s going to be a coke filled second half of the year for HCLP. My straw is ready and I smell $80 on the horizon.

HCLP is going higher.