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EMES - Sell Restructuring Emerge Energy And Buy A Frac Sand Leader In Hi-Crush
Emerge Energy Services LP representing Limited Partner Interests
Emerge Energy Services LP (EMES) has had a tough week as it has entered into a debt restructuring settlement with its lenders at the expense of its unitholders after it filed to delay its most recent 10-K. As a high-cost producer with minimal optionality and poor liquidity, the market's latest downturn was enough to bring the company to its knees, while forward-thinking companies like Hi-Crush Partners LP (HCLP) are perfectly positioned in the Permian to benefit from a rebound in sand prices and volumes that are expected to come in the back