I have often written about Gasfrac Energy Services (GFS:CA or GSFVF on the pink sheets). Gasfrac is a small Canadian company that performs competions of gas and oil wells in shale using liquified propane gas rather than water as is commonly used in hydrofracking. The company is growing quickly. It is limited mainly by a lack of the specialized equipment that it needs rather than by any shortage of work. The future program of equiipment deliveries is sufficient so that revenues should be more than three times in 2012 what they will be in 2011, and 2011 will be more than three times what they were in 2010. Further, since Gasfrac supplies the solution to the issue of pollution stemming from hydrofracking, there will be great pressure to expand the use of its proprietary process. I will not repeat all of my prior discussion of this stock; you can look back at my prior posts for that.
The point of today's post about Gasfrac is to point out the present opportunity. Right now, the stock is trading at 10.25 Canadian or 10.47 US. It is down today on very low volume. In the next month, Gasfrac ought get a full listing on the TSX. That should open up the company to a batch of new investors who cannot buy stocks listed only on the exchanges where Gasfrac is right now. As the year progresses we will see earnings reports that should show enormous increases in revenue with concomitant increases in profits as well. Nothing is certain when investing, but Gasfrac is one of the biggest bargains I have seen for a long time.
DISCLOSURE: I remain long GasFrac stock.
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