The single most profitable company in the oil patch today

By hd123sftail, February 14, 2012

This tease says the company has 85% profits, has something to do with processing the waste water from the fracking process. It reduces the waste so much they only require 1-2 trucks instead of 50 to 100. They also mention a 7% dividend. It comes from Keith Schaeffer, oil and gas investments

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7 Comments on " The single most profitable company in the oil patch today"

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Patricia Gustin

It is not HEK, but that is the fracking water treatment stock that Cramer talks about, not that that should be buy signal. There is no dividend listed, so not the company.


I was looking for info on this and came across this company, Altela, Inc.
Quoted from their web site.
“Altela, Inc. offers a fundamentally different water desalination/decontamination solution inspired by nature itself. Through the use of its proprietary, patented AltelaRain® technology”

Sounds like this technology might be what he is talking about and they are working on some drill sites but Altela is a private company from what I can tell.

Travis Johnson, Stock Gumshoe

We aim to please — focused on this one in today’s article for you, you can find the writeup here:

Don Giles
This company, Poseidon Concepts, is the real deal. They were the first to conceive of a simple solution to the problem of drillers having to either store water in pits ( with ecological and other drawbacks) or in multiple (dozens) relatively small steel containers. Poseidon has some patent protection, in the way that the supporting panels are connected, but otherwise the process is wide open for competition. “Wide open” does not mean virtually anyone can duplicate the idea overnight. Poseidon will have a minimum of 400 tanks by the end of the 2nd quarter by their own forecast and most… Read more »