I am of the mindset that even if there is a price drop in oil, these guys are so small (approx. $42M market cap) that it won't matter since they will fill contracts.
We may see a price drop in oil (Cdn prices) come Q3 with all the shale oil from the US. but i still think CDN producers are going to be producing, it's not like they will shut down production entirely. CDN and US economy looking better!
AND with all the shale stuff happening in the US, there is going to be a need for silica, so at these prices u get a free call on the firebag properties, plus come feb when they announce earnings i'm confident we'll be ok, picked up some more shares this morning on the drop.