 |
|
|
Zynga is certainly a star candidate for |
|
|
an IPO when it finally does IPO. |
|
|
Released on Friday, September 2, 2011, 8:00 AM ET
Pittsburgh, PA (SpeculatingStocks) - CJES could end up being a stock that moves ten times its current value. The company is currently active in the Barnett Shale, Haynesville Shale, Arkoma Woodford Shale and Fayettesville Shale. The Marcellus Shale is a point of expansion for CJES when it chooses so. C&J Energy Services, Inc. is involved in hydraulic fracturing and coiled tubing services.
The Barnett Shale is known as a tight gas reservoir, meaning that the gas is not easily extracted. Hydraulic fracturing is a top way to reach the gas. Hydraulic fracturing is done by pumping a mixture of water, sand, and various chemical additives into the well bore at a sufficient pressure to create and propagate a fracture in the surrounding rock formation down hole. It is also known as "fracking."
CJES announced that it took delivery of its fifth hydraulic fracturing fleet. Demand is so high that all five of the company's hydraulic fracturing fleets are operating under term contracts.
CJES has three more hydraulic fracturing fleets on order! Delivery and deployment of those fleets are expected in the fourth quarter of 2011, first half of 2012 and second half of 2012. Management at CJES is aggressive, smart, and willing to expand significantly to match demand and pour the profits in. Why not?
CJES reported Q2 net income of $33.2 million compared with a net income in Q1 of $29.1 million. These are huge profits and with more fleets coming under way, profits should only expand each quarter.
CJES invested $33.1 million in expansion capital expenditures in Q2. CJES understands the hot industry that they are in and are taking full advantage of it, rapidly.
One of the smartest energy guys out there, T. Boone Pickens, is betting on natural gas. He understands how much natural gas there is in the United States and that America is too dependent on foreign oil.
CJES has an amazing market opportunity.
Track companies that are trending within the "Trending Public Companies" section of the SpeculatingStocks.com Stock Buzz page.
Comments:
