Dear Pat: Can I have your opinion about GASFRAC? It has what it says is an innovative LNG fracking service approach to getting additional oil and natural gas out of various formations. Thanks.
GASFRAC Energy Services, $10.37, symbol GFS on Toronto (Shares outstanding: 42.1 million; Market cap: $598.4 million; www.gasfrac.com), is a Calgary-based oil-and-gas service company. GASFRAC mainly provides liquefied petroleum gas (LPG) fracturing services to oil and gas companies in Canada and the U.S.
GASFRAC changed its name from Kierland Capital, and began trading on the Toronto Exchange as GASFRAC on August 12, 2010.
Hydraulic fracturing, or “fracking,” involves pumping water and chemicals into rock formations that contain oil or natural gas. This fractures the rock and releases the oil and gas. The difference with GASFRAC is that it uses gelled LPG instead of conventional fracturing fluids. The company believes its gelled LPG extracts more oil and gas than conventional fluids, and saves on fluid costs and fracture cleanup.
The company’s revenue and earnings are rising. However, the shares have moved up sharply from about $5 in August. The stock now trades at 79.8 times GASFRAC’s 2010 earnings. At this price level, the stock…
Privacy Policy and Terms of Use
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The privacy of the site/store visitor is very important to TSI Network, and is respected at all times. The information we receive from customers helps us to personalize and continually improve your online experience at TSI Network.
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We are continuously in the process of improving our sites and services. If any new features or policies require a change to this current policy, we will post a clear notice of this change on pages of our site where the privacy policy appears. The principle behind this privacy policy is to collect information with your knowledge and consent.
What personal information do we collect?
The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
Information You Give Us: We receive and store any information you enter on our website or give us in any other way through sign-up forms or ordering forms for publications and services. You can choose not to provide certain information, but then you might not be able to take advantage of many of our services and features. We use the information that you provide for such purposes as responding to your requests, customizing your web browsing experience for you, improving our website, and communicating with you.
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Does TSI Network Use the Information It Receives?
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COMMENTS: TERMS OF USE
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The provision of information by you is entirely voluntary and you have the right not to provide information. Subject to applicable law, you may have the right to receive certain information as to whether or not personal information relating to you is held by TSI Network and to obtain a copy of such information that is sought. You may also have the right to require information, where appropriate, to be erased, blocked or made anonymous or to have data updated or corrected. If you do not wish TSI Network to hold information about you or if you wish to have access to information, modify information, or object to any processing of information or if you have questions please contact us.
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As discussed, you can always choose not to provide information even though it might be needed to make a purchase or to take advantage of TSI Network features.
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Changes to this Policy
This Policy is the sole authorized statement of TSI Network's practices with respect to the collection of personal information through TSI Network's websites and the subsequent use and disclosure of such information. Any summaries of this Policy generated by third party software or otherwise (for example, in connection with the "Platform for Privacy Preferences" or "P3P") shall have no legal effect, are in no way binding upon TSI Network, shall not be relied upon in substitute for this Policy, and neither supersede nor modify this Policy.
TSI Network may revise this Policy from time to time.
Legal Notices and Disclaimers
The contents of this web site and our publications are based upon sources of information believed to be reliable, but no warranty or representation, expressed or implied, is given as to their accuracy or completeness. Any opinion reflects the Successful Investor’s judgment at the date of publication and neither the Successful Investor, nor any of its affiliated companies, nor any of their officers, directors or employees, accepts any responsibility in respect of the information or recommendations contained in the publications or on this web site. Moreover, the information or recommendations are subject to change without notice.
Information presented on this web site or contained in our publications is not an offer, nor a solicitation, to buy or sell any securities referred to on the web site or in the publications. The material is general information intended for recipients who understand the risks associated with an investment in any securities referred to in the publications or on this web site. The Successful Investor has made no determination regarding whether an investment, course of action, or associated risks are suitable for the recipient.
