I'd love to see the TS workspace as well. I have been adding an
ES renko window to try and shore up some of the logic in one of my
automated strategies. Thanks again for all the work you guys put
into the site and systems. -Lee
Unimin to buy shale sand supplier Fairmount in cash-and-stock
deal
- Reuters News
12-Dec-2017 09:19:33 AM
HOUSTON, Dec 12 (Reuters) - Fairmount Santrol Holdings Inc
FMSA.Nsaid on Tuesday it would sell itself to Unimin Corp in a
cash-and-stock deal to create one of the largest suppliers of sand
for use in hydraulic fracturing to shale oil and gas producers.
The deal, which is expected to close by the middle of next year,
will create a company with about $2 billion in annual revenue and
will supply more than 45 million tons of sand annually. The new
company will also supply industrial coatings.
Sand, known as proppant in the oil industry, is used as part of
the fracking process to hold open tiny cracks in shale rock in
order to allow hydrocarbon molecules to escape. Oil companies
typically shop for various shapes and sizes of sand to suit their
geology. That has made the sand industry appealing to investors in
recent years.
"Together we will serve our customers more efficiently and
effectively with a broader and more diverse product offering,
greater technical expertise, improved scale and geographic
diversity and an expanded logistics platform," Fairmount Chief
Executive Jenniffer Deckard said in a statement.
Deckard is expected to be CEO of the new company, which has not
yet been named.
Fairmount shareholders will receive $170 million in cash and own
about 35 percent of the new company after the deal closes. Unimin,
a division of Belgium-based SCR-Sibelco NV, will own the rest.
Shares of Fairmount rose 4.6 percent to $5.27 after the deal was
announced.
Unimin received financing from Barclays Bank
BARC.Land
BNP Paribas for the deal.
(Reporting by Ernest Scheyder; Editing by Susan Thomas)
Off topic question. Anybody have a good reference to start
educating kids on the markets? I have always been interested, heck
I remember reading the stock quotes in the Everett Herald
when I was a kid, but not sure how to inspire my kids. I'm open to
any and all good ideas. With an 11, 5, and 2 year old I have lots
of time to make mistakes in educating them.
TD Ameritrade is a pretty good overall broker (and back a few
years ago I used them for futures), but it really depends on what
you're looking for. I use Tradestation for futures, but I have also
heard good things about IB.
The community is delayed by three days for non registered users.
The PMOBUYALL is a bit
Posted by pinguin on 15th of Aug 2018 at 08:58 am
The PMOBUYALL is a bit interesting this morning. Good luck out there!
You caught me with a
OFF TOPICI have a question from my son studying the ...
Posted by pinguin on 26th of Mar 2018 at 10:50 am
You caught me with a bored moment... Article
Thanks for sharing.
Renko ES
Posted by pinguin on 14th of Mar 2018 at 07:55 am
Thanks for sharing.
I'd love to see the
Renko ES
Posted by pinguin on 14th of Mar 2018 at 07:52 am
I'd love to see the TS workspace as well. I have been adding an ES renko window to try and shore up some of the logic in one of my automated strategies. Thanks again for all the work you guys put into the site and systems. -Lee
Thanks. I use TS and
MSFT
Posted by pinguin on 9th of Mar 2018 at 02:08 pm
Thanks. I use TS and TD for my main accounts, but I do like that lay out.
I'm sure you've said this,
MSFT
Posted by pinguin on 9th of Mar 2018 at 01:40 pm
I'm sure you've said this, but I've slept and had a few drinks since then. Which platform are you using in this screen shot?
Great idea, and looks like
BBRG: Fundamental Play
Posted by pinguin on 8th of Mar 2018 at 11:17 am
Great idea, and looks like a good mock up. you might add the date the stock was added to the story stock list
Any good soy products to
Steel Stocks Spike Higher Following Trump Comment: AK Steel Shares ...
Posted by pinguin on 1st of Mar 2018 at 12:35 pm
Any good soy products to short? I would expect some retaliation, aka trade war, from china.
Don't forget about seasonality and
UNG comments
Posted by pinguin on 14th of Feb 2018 at 07:36 am
Don't forget about seasonality and fundamentals when playing NG. We are in a wicked time of year for the instrument due to weather forecast volatility
you're so punny
BREW daily, something could be brewing...
Posted by pinguin on 10th of Jan 2018 at 04:12 pm
you're so punny
Unimin to buy shale sand
FMSA
Posted by pinguin on 12th of Dec 2017 at 10:27 am
Unimin to buy shale sand supplier Fairmount in cash-and-stock deal - Reuters News
12-Dec-2017 09:19:33 AM
HOUSTON, Dec 12 (Reuters) - Fairmount Santrol Holdings Inc FMSA.Nsaid on Tuesday it would sell itself to Unimin Corp in a cash-and-stock deal to create one of the largest suppliers of sand for use in hydraulic fracturing to shale oil and gas producers.
The deal, which is expected to close by the middle of next year, will create a company with about $2 billion in annual revenue and will supply more than 45 million tons of sand annually. The new company will also supply industrial coatings.
Sand, known as proppant in the oil industry, is used as part of the fracking process to hold open tiny cracks in shale rock in order to allow hydrocarbon molecules to escape. Oil companies typically shop for various shapes and sizes of sand to suit their geology. That has made the sand industry appealing to investors in recent years.
"Together we will serve our customers more efficiently and effectively with a broader and more diverse product offering, greater technical expertise, improved scale and geographic diversity and an expanded logistics platform," Fairmount Chief Executive Jenniffer Deckard said in a statement.
Deckard is expected to be CEO of the new company, which has not yet been named.
Fairmount shareholders will receive $170 million in cash and own about 35 percent of the new company after the deal closes. Unimin, a division of Belgium-based SCR-Sibelco NV, will own the rest.
Shares of Fairmount rose 4.6 percent to $5.27 after the deal was announced.
Unimin received financing from Barclays Bank BARC.Land BNP Paribas for the deal.
(Reporting by Ernest Scheyder; Editing by Susan Thomas)
(( ernest.scheyder@thomsonreuters.com; Twitter: https://twitter.com/ErnestScheyder; +1-713-210-8512; Reuters Messaging: ernest.scheyder.thomsonreuters.com@reuters.net))
Keywords: FAIRMOUNT-M&A/SIBELCO
If my memory is correct...
HCLP (Another Frac sand player like FMSA)
Posted by pinguin on 11th of Dec 2017 at 12:11 pm
If my memory is correct... HCLP is liked by goldman and FMSA is not.
The good old days for
Off topic question. Anybody have a good reference to start ...
Posted by pinguin on 11th of Dec 2017 at 10:01 am
The good old days for sure. I still have memories of using a TRS-80 my parents bought me when I was in first or second grade. Thanks for the idea!
Yes, a happy belated birthday
Happy birthday Steve,enjoy the ride!
Posted by pinguin on 10th of Dec 2017 at 10:25 pm
Yes, a happy belated birthday Steve. Great newsletters tonight
Off topic question. Anybody have
Posted by pinguin on 10th of Dec 2017 at 10:05 pm
Off topic question. Anybody have a good reference to start educating kids on the markets? I have always been interested, heck I remember reading the stock quotes in the Everett Herald when I was a kid, but not sure how to inspire my kids. I'm open to any and all good ideas. With an 11, 5, and 2 year old I have lots of time to make mistakes in educating them.
December 18th and her's a
If only you could buy a few puts against bitcoin!
Posted by pinguin on 8th of Dec 2017 at 08:18 am
December 18th and her's a link to the announcement. http://www.cmegroup.com/media-room/press-releases/2017/12/01/cme_group_self-certifiesbitcoinfuturestolaunchdec18.html
TD Ameritrade is a pretty
PS Can anybody recommend a good futures broker. Doesn't have ...
Posted by pinguin on 7th of Dec 2017 at 07:12 pm
TD Ameritrade is a pretty good overall broker (and back a few years ago I used them for futures), but it really depends on what you're looking for. I use Tradestation for futures, but I have also heard good things about IB.
There are some extensions for
The new site doesn't automatically refresh posts, whereas the old ...
Posted by pinguin on 27th of Nov 2017 at 02:00 pm
There are some extensions for Opera and Chrome (and I'd assume Microsoft Edge) that auto refresh every so often.
thanks...
Super Auto Refresh is a useful extension for Google Chrome ...
Posted by pinguin on 27th of Nov 2017 at 11:46 am
thanks...
Thanks. Do you recall which
Current biggest hedge Funds Long positions
Posted by pinguin on 24th of Nov 2017 at 10:59 pm
Thanks. Do you recall which report this was in? I'll try and pull the whole report when I get back to the office and see what else they post.