Business

Fracking stocks bringing high returns to investors

By Dave Kolpack
Published August 5, 2014 9:36pm ET
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Fracking stocks bringing high returns to investors
FILE - In this March 18, 2014 file photo, Hardeep Walia, founder of Californa-based Motif Investing, talks with staff members during a visit to Oak Grove Middle School in Fargo, N.D. Companies that provide hydraulic fracturing technologies and other services in the North Dakota oil patch and elsewhere aren't the only ones making money. Motif, an online brokerage service that offers baskets of stocks based on a single theme, has had whopping successes with "Frack Attack" and "Shale Oil," two groupings whose stock selection is weighted heavily toward oil producers in the Bakken formation. Walias aid his company has attracted new clients from oil country because investors can customize their stocks and don't have to pay fees. (AP Photo/Bruce Crummy, File) | Bruce Crummy

FARGO, N.D. (AP) — Companies that provide hydraulic fracturing technologies and other services in the North Dakota oil patch and elsewhere aren’t the only ones making money. People who invest in them are also having a good year.

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