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7 Stocks Cheering the Keystone Pipeline's Demise

Heckmann ( HEK )

Description: A fairly new, $667 million publicly-traded small-cap company, Heckmann assists oil drillers with the clean-up of water used in hydraulic fracking. The company recently finished building a 50-mile water disposal pipeline in the Haynesville Shale, which can treat and dispose up to 100,000 barrels of water a day.

Potential Upside in 2012: Approximately 40%, according to Bill Gunderson, president of Gunderson Capital Management.

Stock Price (Jan. 23 Close): $5.63

TheStreet Ratings Grade: Hold. TheStreet Ratings team notes that even though the company's third-quarter sales increased, net income fell, representing a bottom line decrease. Also during the period, Heckmann's liquidity fell from a year ago. Still, the analysts say that key liquidity measurements show that it's relatively unlikely the company will face financial difficulties in the near future.

Gunderson's View: Gunderson is especially impressed with the company's management. That, and with the help of an unexpected Keystone setback, should provide the stock with "lots" of upside potential. As a U.S. shale play, less Canadian oil supply could mean better business for Heckmann and its customers.

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>>To see these stocks in action, visit the 7 Stocks Cheering the Keystone Pipeline's Demise portfolio on Stockpickr.

-- Written by Andrea Tse in New York.

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Copyright 2011 Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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HEK $0.00 0.00%
EPB $44.10 2.44%
BRK.A $214,490.00 0.00%
BRK.B $142.09 0.00%
CLR $51.35 0.00%


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