This Company Just ‘Took Control of Its Destiny’: Cramer


It’s easy to miss a quiet deal that just went down in the energy industry, but missing it would be a mistake. Jim Cramer thinks it has the potential to turn the stock around.

The Mad Money host was talking about a deal inked by Heckmann Corp, an oil services firm – it just bought privately held Power Fuels for about $381 million.

With shares down 44% ytd, Cramer called the deal, “a business taking control of its destiny.”

Heckmann provides energy companies with water for fracking, or hydraulic fracturing, a process in which chemicals, sand and water are injected into the earth to fracture shale formations and release oil and gas.

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The company also treats the waste water generated during the process. Hydraulic fracturing has sent output from shale fields in North America soaring in the last decade, though it has come under fire recently for polluting water supplies.

“This deal makes Heckmann the largest pure play on handling fracking fluids, and it also gives them exposure to the Bakken shale in North Dakota, perhaps the largest domestic oil find since Prudhoe Bay in the sixties,” said Cramer.

“And more important, the Power Fuels acquisition should be hugely additive to Heckmann’s earnings.”

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