This article was originally published by TheStreet on Sep. 29
By Sarfaraz A. Khan
NEW YORK (TheStreet) -- The worst may not be over for shares of Carbo Ceramics (CRR) , which recently provided a grim outlook for its third-quarter sales.
The company makes proppants, which are used to keep a hydraulic fracture open, during or following a fracturing treatment in oil and gas wells. Propants can be man-made grains such as ceramics or natural grains like sand. Carbo Ceramics is the world's leading producer of ceramic proppants, which costs more than sand.
