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Waste Connections, Inc. (WCN) provides solid waste collection, transfer, disposal, and recycling services primarily in the United States.
The company operates in four segments: Western, Central, Eastern, and Exploration and Production (E&P).
It offers collection services to residential, commercial, industrial, and E&P customers; landfill disposal services; and recycling services for various recyclable materials, including compost, cardboard, office paper, plastic containers, glass bottles, and ferrous and aluminum metals. The company also owns and operates transfer stations that receive compact and load waste to be transported to landfills or treatment facilities via truck, rail, or barge; and intermodal services for the rail haul movement of cargo and solid waste containers in the Pacific Northwest through a network of intermodal facilities.
In addition, it provides E&P waste treatment, recovery, and disposal services for waste resulting from oil and natural gas exploration and production activity, such as drilling fluids, drill cuttings, completion fluids, and flowback water; production wastes and produced water during a well's operating life; contaminated soils that require treatment during site reclamation; and substances that require clean-up after a spill, reserve pit clean-up, or pipeline rupture. Further, the company provides container and chassis sales and leasing services to its customers.
As of December 31, 2014, it owned or operated a network of 148 solid waste collection operations; 69 transfer stations; 7 intermodal facilities; 35 recycling operations; 58 active MSW, E&P, and/or non-MSW landfills; 22 E&P liquid waste injection wells; 17 E&P waste treatment and recovery facilities; 20 oil recovery facilities; and 2 development stage landfills.
Shares jumped after the company agreed to purchase its Canadian competitor, Progressive Waste (BIN) in a stock exchange. Since then shares have formed a bullish "flag" and higher share prices are expected for this stock.
52-Weeks Trading Range: $42.98 - $59.85
Entry Point: $59.50
Stop Loss: $56.50
Target Price: $65.45
WCN closed at $65.71.
