Flotek: Unopen To Novel Research
Flotek should last familiar to readers of this blog.
In evidently english Flotek makes a chemic mix which makes sand-water mixes slippery then y'all tin larn to a greater extent than sand into fractures when y'all fracture an crude oil together with gas reservoir. Their chemic mix is a surfactant.
There are many suppliers of surfactants. The production is a commodity.
However Flotek sell their production every bit somehow special. The claim: their surfactant is a "complex nano-fluid", exactly it is actually a mix of d-limonene (the crude oil from orangish peel) together with isopropyl alcohol.
--
This weblog once showed that information Flotek provided for pitching their complex nano-fluid was either (a) made upwards or (b) did non back upwards the catch that their fluid was especially effective.
We were right. Flotek release a press unloose effectively admitting all of our allegations.
In other words their telephone substitution claims were BS.
At the fourth dimension Flotek claimed they had a software sales tool (that ran on an iPad) called FracMax which was critical to demonstrating their fluid effective - exactly nosotros could non discovery a working re-create of FracMax together with could non discovery anyone who had always seen one.
This was problematic. Flotek told the marketplace that FracMax was their main selling tool.
Whatever FracMax has disappeared from Flotek's literature.
So their principal selling tool was also BS.
--
All this should convey been the death-knell for the stock. But it wasn't. Sure the stock is lower exactly non much (given the turn down inwards crude oil together with gas volumes) together with somehow people notwithstanding believe the "complex nano-fluid" story. I convey never met a serious Flotek possessor - then the stock toll remains a mystery to me.
--
Today FourWorld Capital Management (an outfit I had never heard of) release an updated together with to a greater extent than thorough analysis of Flotek.
Its darn adept - so larn read it.
Why this stock trades to a higher house pennies I utilization non understand.
It volition merchandise at pennies i day. I stay short.
John Hempton
In evidently english Flotek makes a chemic mix which makes sand-water mixes slippery then y'all tin larn to a greater extent than sand into fractures when y'all fracture an crude oil together with gas reservoir. Their chemic mix is a surfactant.
There are many suppliers of surfactants. The production is a commodity.
However Flotek sell their production every bit somehow special. The claim: their surfactant is a "complex nano-fluid", exactly it is actually a mix of d-limonene (the crude oil from orangish peel) together with isopropyl alcohol.
--
This weblog once showed that information Flotek provided for pitching their complex nano-fluid was either (a) made upwards or (b) did non back upwards the catch that their fluid was especially effective.
We were right. Flotek release a press unloose effectively admitting all of our allegations.
In other words their telephone substitution claims were BS.
At the fourth dimension Flotek claimed they had a software sales tool (that ran on an iPad) called FracMax which was critical to demonstrating their fluid effective - exactly nosotros could non discovery a working re-create of FracMax together with could non discovery anyone who had always seen one.
This was problematic. Flotek told the marketplace that FracMax was their main selling tool.
Whatever FracMax has disappeared from Flotek's literature.
So their principal selling tool was also BS.
--
All this should convey been the death-knell for the stock. But it wasn't. Sure the stock is lower exactly non much (given the turn down inwards crude oil together with gas volumes) together with somehow people notwithstanding believe the "complex nano-fluid" story. I convey never met a serious Flotek possessor - then the stock toll remains a mystery to me.
--
Today FourWorld Capital Management (an outfit I had never heard of) release an updated together with to a greater extent than thorough analysis of Flotek.
Its darn adept - so larn read it.
Why this stock trades to a higher house pennies I utilization non understand.
It volition merchandise at pennies i day. I stay short.
John Hempton
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