Kyle Bass's Hayman Capital Shows Eco-Stim Solutions Stake ~ market folly

Tuesday, July 21, 2015

Kyle Bass's Hayman Capital Shows Eco-Stim Solutions Stake

Kyle Bass' hedge fund firm Hayman Capital has filed both a 13G and Form 3 with the SEC regarding shares of Eco-Stim Energy Solutions (ESES).  Per the filings, Hayman now owns 17.1% of the company with over 2.1 million shares.

This is a newly disclosed position for the hedge fund.  The filing was made due to activity on July 10th.

For more from this investor, head to Kyle Bass' thoughts at the SALT conference.

Per Google Finance, Eco-Stim is "an early stage technology-driven independent oilfield services company. The Company provides well stimulation, coiled tubing and field management services to the upstream oil and gas industry. The Company is focusing on the active shale resource basins outside of the United States using its technology to differentiate its service offerings. The Company’s operation is in Argentina, a shale resource basin as measured by technically recoverable reserves. The Company may also explore opportunistic acquisitions or joint ventures with established companies in target markets. EcoStim expects to provide well stimulation services based on contractual arrangements. The Company plans to generate revenues from chemicals and proppants that are consumed while performing well stimulation services. The Company expects to provide coiled tubing and other well stimulation services. EcoStim enters into arrangements to provide field management services."

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