Flotek Industries: Don’t Miss It! ($FTK)
Once in a blue moon, a stock comes along that you really shouldn’t miss out on. Flotek Industries is that stock! Have I sparked you interest? Let’s look to Neha Chamaria for some more details.
Flotek recently completed the expansion of its chemical processing facility in Oklahoma. The expansion will not only boost production, but it will also lift bulk storage and blending tank capacities considerably. What’s impressive is that Flotek has also purchased land near the unit to expand storage facilities further as necessary.
Flotek isn’t focusing on domestic expansion alone. It will start shipping chemicals to Russia in a few weeks. This is a smart move simply because Russia is the largest oil producer in the world, and ExxonMobil (NYSE: XOM ) and other oil giants have a foothold even in the remotest areas of Russia. Flotek’s products are also making their way into the Middle East and Latin American markets.
These moves should further increase the chemical division’s revenue, which more than doubled last year as higher oil prices pumped up drilling activity.
Its look like FTK is really going places. Keep watching this stock, it is going to be an interesting path too success!
Quotes taken from report by Neha Chamaria, Find additional research here.
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