CEO of Frac Sand Company Hi-Crush Says Fundamentals for His Business Look Strong

The CEO of a company who supplies frac sand for unconventional drilling is optimistic about a demand pick-up in 2017.
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The chief executive officer of a company that provides frac sand for unconventional oil and gas drilling says he's "quite optimistic" about the rest of the year and 2017. Robert Rasmus, CEO of Hi-Crush Partners  (HCLP) , sees an uptick in demand for his product thanks to increased drilling, following a trough earlier this year. Rasmus says while he'd like to see higher energy prices, he doesn't see another retrenchment in the industry in the near term future. TheStreet's Rhonda Schaffler spoke with Rasmus at the Mizuho Investor Conference.