The single most profitable company in the oil patch todayThis 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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The single most profitable company in the oil patch today"
joel – check this out – 3 cos are mentioned – maybe you can figure out which it is;
http://www.investorideas.com/news/2012/water/02141.asp
Thx, I did look at those 3. Ridgeline just completed a purchase of a company, Danziker Hydrologicals that developed a new technology for recycling water but I couldn’t find much information other than that. There was no mention of a 7% dividend either and ridgeline is only selling for .92/share. I’ll keep looking.
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”
http://www.altelainc.com/
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.
We aim to please — focused on this one in today’s article for you, you can find the writeup here: http://stockgumshoe.com/reviews/oil-gas-investments-bulletin/the-single-most-profitable-company-in-the-oil-patch-today-revealed/