October 02, 2013 at 14:31 PM EDT
Waste Connections Seen Cashing In On Oil & Gas Waste
Taking out the trash may not sound like much fun, but it can mean big business for garbage haulers like Waste Connections, (WCN) which is seeking to cash in on the U.S. fracking boom. The fracking -- or hydraulic fracturing -- process creates solid and liquid waste that needs to be cleaned up and removed, offering big potential for waste collectors. Analysts expect oil and gas companies to spend up to $30 billion annually to dispose of fracking
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