Out Fox The $treet

Small Cap Insight Nothing like a name change to make the market forget about a previously hot stock. Back in May, Heckmann changed its name to Nuverra Environmental Solutions ( NES ) to more accurately reflect its focus on environmental solutions in the energy sector. The stock has done nothing but plunge since the beginning of June whether due to the sector weakness or the market losing focus on the 'new' company. Either way, the stock is trading at lows not seen since the revolutionary merger that combined Heckmann with Power Fuels back in the summer of 2012. The company dedicated to the protection and enhancement of environmental solutions for the removal and disposal of restricted fluids primarily from shale drilling activities isn't exactly benefiting from the boom in production from shale. As environmentalists fret over the safety of the fluids used in fracking, Nuverra was suppose to benefit from the need to safely dispose of those 'dangerous...

Based on the limited positive reaction of natural gas and coal stocks, the market continues to ignore the very bullish natural gas weekly inventory reports . In fact, the reports are now mostly glazed over in the financial media. For those that missed the report last week, the weekly inventories for the first full week of April dropped 14 Bcf. While less than the 21 Bcf expected drop, the small decline more » Disclosure: Long CJES & HEK. Please review the disclaimer page for more details. 

A couple of interesting fracking IPOs this week. First, US Silica (SLCA) mines the sand for the fracking market. Second, Platinum Energy Solutions (FRAC) is a contract fracking service provider. Both companies have interesting futures, but they are coming public when oil service companies are beaten down due to low natural gas prices. This video from theSteet.com  shows just how bearish the market has become regarding this sector. Though FRAC competitor  C&J Energy Services (CJES)  grew over 260% last quarter this IPO guy is hugely bearish on FRAC. He also is strangely focused on the 2 current customers when the company only has 2.5 rigs. It can only have 2 customers when you have long term take or pay contracts. Even the comment about our favorite CJES is completely off base. CJES has 24 month contracts and customers aren't just renting 'cars'. Hydraulic fracturing takes a sophisticated crew to operate these machines and properly fracture the oil wells. ...