Energy Prospectus

Issuer Name HI-CRUSH PARTNERS LP
Filing Date
02/23/2017
Offering Type
Overnight
Product Type
Common Units

Expected Price Range Re-offer: $17.95 – 19.00
Offering Size
20,500,000 Common Units
Proposed Symbol/Exchange HCLP / NYSE
Company Description
Hi-Crush Partners LP is a domestic producer of premium monocrystalline sand, a specialized
mineral that is used as a "proppant" to enhance the recovery rates of hydrocarbons from oil and
natural gas wells. The Company owns, operates, and develops sand reserves in Wisconsin and
limited portions of the upper Midwest region of the United States.
Industry Group
Energy
Offerings Selling Participants Issuer
Company Location
Houston, TX
Use of Proceeds
he Partnership intends to use the net proceeds from this offering to fund the purchase price of the previously announced acquisitions of Hi-Crush Whitehall LLC, 2% of the outstanding membership interests in Hi-Crush Augusta LLC and additional properties located near Whitehall and a portion of the purchase price of Permian Basin Sand Company LLC.
Lead Manager CS, Mizuho
Offer Period
****Book open until 5:45pm today 02/23/2017 EST****(SUBJECT TO ACCELERATION)
Expected Pricing Date
02/24/2017 pre-open

Secondary wiped out my modest gain so any thoughts on whether it is a bargain @ 18 since their report was good??

Buy the dip.

HCLP is making a big acquisition. I'd much rather they do it with equity than debt. Frac sand demand is going to be HUGE this year and as long at the U.S. is dependent on the shales and other tight formations for growth.

Why such a disproportionate hit on HCLP today?

No news. Probably just investors worried about oil dipping below $50 and concerned that it will cause upstream companies to cut back on completions.

Upstream companies don't adjust their drilling/completion programs each day based on commodity prices. It will take a larger and sustained drop in oil prices to impact this year's capex programs.