Heckmann starts adding debt

It is rare that you get excited about a position adding on debt. Although today’s announcement that Heckmann has signed an agreement to get upto $200M of debt is good news. This should allow Heckmann to build its leading position as a complete water solution for the NatGas industry. The management team will be presenting next week, it will be good to hear what the team has been up to. Also, the NatGas Act should be getting close to bringing the bill in front of Congress.