Clean Harbors (NYSE:CLH) Skyrockets on Oil Spill Cleanup

Since the oil spill in the Gulf of Mexico on April 20th, Clean Harbors (NYSE:CLH) shares have shot up by 24 percent, as the company has been hired by private business and the government in the cleanup effort.

Last month Clean Harbors said revenue will increase in the quarter by up to 20 percent as a result of the new business.

But as the amount of oil spilling in the ocean is upwardly revised, those numbers could be found to be vastly underestimated. as projections are oil could be being released into the Gulf of Mexico at a 60,000 barrel-a-day rate.

Clean Harbors has said they won't give any more guidance until they release their next quarterly results in the early part of August, which could surprise a lot of people and cause share prices to surge even more.

Shares were at $69.70 as of 1:56 PM EDT, a gain of $1.42, or 2.08 percent a share.