Investors Proper “FRAC”ed As “PUMP” Dumps

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:

SpreadsE&P

(BofAML)

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…

PUMP

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…

FRAC

 

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