![]() Liable for any loss or damage caused by your reliance on information obtained. its subsidiaries, partners, officers, employees, affiliates, or agents be held All viewers agree that under noĬircumstances will BNK Invest, Inc. Transaction, or investment strategy is suitable for any specific person. ![]() ![]() None of the information contained herein constitutes a recommendation that any particular security, portfolio, or any of its affiliates, subsidiaries or partners. Nothing in ETF Channel is intended to be investment advice, nor does it represent the opinion of, counselįrom, or recommendations by BNK Invest Inc. | ETF Channel | |Ĭopyright © 2009 - 2022, All Rights Reserved SLCA - Key Stats (updated 17 hours, 2 minutes ago)ĭividendRank'ed Dow Transports ComponentsĮnergy Stocks You Can Buy Cheaper Than Insiders DidĬrossing Above Their 200 Day Moving AverageĬrossing Below Their 200 Day Moving AverageĮTFs Holding SLCA | US Silica Holdings, Inc. Co.'s segments are: Oil and Gas Proppants, which serves the oil and gas recovery market by providing and delivering fracturing sand and Industrial and Specialty Products, provides building and construction products, fillers and extenders, filtration, glassmaking, absorbents, foundry, and sports and recreation. is also engaged in the production of industrial minerals, including diatomaceous earth, clay (calcium bentonite and calcium montmorillonite) and perlite. is a global performance materials company and a producer of commercial silica used in the oil and gas industry and in a range of industrial applications. LLC are joint book-running managers for the offering.SLCA Description - US Silica Holdings, Inc. Such a transformational deal would likely require more capital,” he said.įollowing the offering, the company will have about $470 million in cash and cash equivalents and net debt will be reduced to $20 million.īarclays Capital Inc. Silica continues to view itself as a market consolidator and is still committed to a transformational acquisition which could include public or large private competitors. Marc Bianchi, analyst with Cowen and Co., said that near-term M&A could include non-traditional frack sands, logistics assets or industrial and specialty products. “We would note that the company has also stated that it would also like to grow its industrials business, though we would be surprised if any ‘near-term’ acquisition wasn't oil and gas related.” Silica would be largely focused on low-cost sand producers with advantageous rail access,” said Praveen Narra, analyst with Raymond James. The offering would be about 15% dilutive to Silica shareholders if a greenshoe is exercised by the offering’s underwriters. “We submit that the company is wisely raising additional liquidity given the uncertainty surrounding the depth and duration of the current downcycle,” he said. The company’s stock is up by about 39% since January and industry fundamentals have deteriorated further since that time, Daniel said. The company said an opportunity-rich environment is developing and M&A will not compromise its balance sheet. Silica said its capital raises is part of an offensive to make accretive M&A deals. “Silica would be a natural consolidator in an industry desperate for consolidation.” “From our vantage point, the offering was not imperative with regards to liquidity, making the possibility of an acquisition seem probable,” said John Daniel, senior research analyst with Piper Jaffray & Co., in a March 17 report. Silica said it intends to use the net proceeds of the offering for general corporate purposes including the potential acquisition of complementary businesses or assets. Estimated total gross proceeds would generate $173.9 million. To that end, on March 16 the Maryland company upped the public offering of its common stock by 695,700 shares to 8.7 million shares. Silica could find its way toward a 40% share of the sand supplier market. The company believes the sand industry is “ripe for consolidation” and that it will be capable of growing organically. Silica wants to take advantage of the meager returns faced by proppant companies and other targets to buy. (NYSE: SLCA) has its timing down, if all goes well with its stock offering, with plenty of money too. Meritorious Awards for Engineering Innovation (MEAs)įrack sand supplier U.S.Rextag database of energy infrastructure assets Prices for top E&P stocks and commodities. Information on assets, buyers and sellers, deal values, and more.Ī searchable database of oil and gas debt and equity offerings.
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