RE: Gas Frac Price weakness

Per one of my research sources, one of Gas Frac's customers had an accident UNRELATED TO GAS-FRAC, and we expect Gas Frac to suffer collateral damage in the market as a result.  Here is what I got;

There may be weakness in the shares of GasFrac (GFS-TSX)as a result of a story that  CBC, has reported (accurately) that an explosion at a well site operated by Husky, one of the GasFrac’s largest customers, injured 14 people. Seven of those injured were GasFrac employees, GasFrac CFO Jim Hill confirmed.

But the accident was not due to anything done by GasFrac, said CEO Reid MacDonald.

“I also heard the CBC story. Not informed and incorrect. Husky, not us, had a well bore release at the well head which resulted in a fire and injuries.

“We were to frac this well later in the day and that is why we were there.”

While the CBC story did not specifically say it was a GasFrac accident, the story did intimate that – and that may create some nervous selling tomorrow.  That was incorrect, and depending on the size of the dip in the morning, I may be a buyer.
_____________________

Here is the CBC Story
Twelve people are now reported injured in an explosion and fire Monday at a sweet gas lease site outside of Edson, Alta.
The explosion occurred around 11:45 a.m. MT at a Husky Energy site near the hamlet of Robb, 37 km southwest of Edson.
Three people have been taken to a burn unit in Edmonton, but police say none of the injuries are life threatening.
No one was killed in the blast.

An ambulance believed to be transporting injured workers drives away from the site of the explosion Monday. CBC
The Edson Fire Department was called to the scene and quickly put out the fire.
Alberta Occupational Health and Safety investigators arrived at the scene late Monday afternoon.
Jim Hill, chief financial officer for GasFrac, told CBC News that seven of his employees were injured. All were treated and released at the scene.
Hill said the employees were preparing to "frac," which is a process used to fracture rocks, so that gas can be extracted from the ground. But the process hadn't started yet.