EMES question

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letitfly
Posts: 44
Joined: Fri May 07, 2010 3:53 pm

EMES question

Post by letitfly »

Dan
What do you make of CEO Shearer unloading a huge boatload of his shares recently? A sign of no confidence in the near future, an estate planning sale, or something else?
dan_s
Posts: 37277
Joined: Fri Apr 23, 2010 8:22 am

Re: EMES question

Post by dan_s »

As posted earlier, I don't judge why insiders sell. Like all of us, they should diversify their own portfolios.

It is going to be a down year for EMES and HCLP, but they should be able to maintain reasonably good dividends. They should gain market share during this period and I expect them both to be in good shape heading into 2016 as drilling picks up. Demand for their high quality frac sand is not going away.
Dan Steffens
Energy Prospectus Group
letitfly
Posts: 44
Joined: Fri May 07, 2010 3:53 pm

Re: EMES question

Post by letitfly »

Thanks Dan. I did not see an earlier thread marked EMES in this section so did not mean to duplicate
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