Company Report for FRAK Investors: AGYP, CRK, FTXP, TOTZF, ASX:COE, ASX:AEE
Bank of America analysts predict global spending on oil & gas drilling and completion will rise 22%, the strongest year-over-year gain since 2006. Oil prices are still above $80, up around $30 in 12 months. It’s clear oil and gas investments have the wind at their back. One exploration method, in particular, hydraulic fracturing or ‘fracking’ as it’s more commonly referred to, has recorded an atypical seasonal frac spread count…