Today witnesses HCLP stretching towards $40. I made this purchase in the middle of August, reasoning that oil field services involved with fracking will be the tip of the spear of the next decade. HCLP produces a very popular sand used in the advanced energy extraction process.
Between then and now HCLP settled a long standing disagreement with one of their buyers, picking up a huge contract along the way. And the company grew business 218%.
These equity returns are a big deal, as they annualize as if HCLP is pushing >190% upside this year. My opinion is that the partnership is going to $100 and above.
Quality names like HCLP and BAS are buys that needs no pullback, with an indefinite sell point. They are going higher.
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very Nice..
Sir what is your time horizon on HCLP. 18 months or so ?
More like 5 years
Would you buy BAS before earnings?
Tough question to answer. Who am I, hypothetically?
I own boat loads of BAS, so no. If I didn’t own any, I might try a little. But I wouldn’t go full long – I’d edge in over 2-3 steps.
Big moves out of BAS – congrats