Let me tell you something you might not have known.
Now is the time to get in on the resurgence of US shale production because at $48/bbl, we’re about to usher in a veritable energy renaissance for America.
That’s why it was a great idea to throw $508 million after the FRAC IPO on January 20.
And that’s also why snapping (no IPO pun intended) up shares of “ProPetro” was similarly a good idea last week. See ProPetro is “a growth-oriented, Midland, Texas-based oilfield services company providing hydraulic fracturing and other complementary services to leading upstream oil and gas companies engaged in the exploration and production, or E&P, of North American unconventional oil and natural gas resources.”
That sounds f*cking exciting. Especially considering that according to E&P spreads, there’s no risk here at all relative to HY as an asset class:
Put simply: I’m “pump”ed.
And I was even more “pump”ed when I leaned that the ticker for “ProPetro” was going to be “PUMP.”
Then, just when I thought I couldn’t get anymore excited, I checked the price and sure enough, PUMP is off and running…
Sh*t, a couple of more sessions like this and I’ll be up as much as I am on those FRAC shares I bought…