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Tuesday, November 24, 2015

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Friday, September 11, 2015

Investorideas.com Announces its First Global ‘Follow the Money’ Contest


Investorideas.com Announces its First Global ‘Follow the Money’ Contest

New York NY- Point Roberts WA–September 11, 2015 -- Investorideas.com (www.investorideas.com), a global investor news source covering leading sectors
announces its first ever ‘Follow the Money’ contest for global investors.

The contest will run from September 15th to October 31st, 2015 and is open to Investor Ideas members. (http://www.investorideas.com/membership/)

Prizes include a ‘Money Suit’ as seen worn by the Investorideas.com Money Team and also by Will Ferrell at the 2013 MTV Movie Awards.  Prizes also include Annual Small Cap Pro Accounts from Investor Hub http://investorshub.advfn.com/ with more prizes to be announced shortly.

The contest will consist of investors picking a stock or stocks they wish to buy within sectors they like and within the time frame of the contest (either real trades or fictional trades). Investors can buy their favorite beverage stock such as Starbucks Corporation (SBUX) from our beverage stock directory, their favorite Yoga Brand like Lululemon Athletica Inc. (LULU) from our LOHAS directory or Ralph Lauren Corporation (RL) from our Luxury Brand stock directory.

This contest gives investors a chance to not only invest in their favorite sectors and companies but also to test their skills against other global investors.  Investorideas.com stock directories feature and include stocks from most global stock exchanges. Key sectors covered include biotech, tech, mining, mobile, energy, water, defense and security, renewable energy, food and beverage stocks including wine stocks, luxury retail brands, sports stocks and others.







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BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.

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Tuesday, April 7, 2015

Investing in Water and Energy Insights with Jud Hill, Managing Partner at Blue Star Capital

Investing in Water and Energy Insights with Jud Hill, Managing Partner at Blue Star Capital

How Consolidation in the Fracking Industry is Creating Greater Efficiencies and Opportunities For Companies Treating Water

New York, NY - Point Roberts, WA – April 7, 2015 - Investorideas.com and its water investment portal, Water-stocks.com issues an exclusive Q&A with Jud Hill, Managing Partner of Blue Star Capital, LLC.

Jud shares insight into some of the benefits in the recent drop in energy prices and how new efficiencies and opportunities have been created for service providers in the sector. His thought-provoking commentary provides a unique perspective and paints a more positive outcome for the relationship between energy and water for the future.


Interview:

Q: Investorideas.com
Jud, with your background in water and energy, you have insight into how boom and bust in the energy sector has impacted the opportunity for service providers in the water treatment business. First of all, can you tell us how the boom created such a high profile concern over water usage and treatment and how that built the opportunity?

A: Jud Hill, Managing Partner, Blue Star Capital, LLC.
The hydraulic fracturing for deep strata hydrocarbons (2 miles deep) has been around for many years.  It has only been in the last 5 to 7 years it has it gained dominance. Some 60 to 70 percent of the wells completed today are hydraulically fractured. Ironically, it is still referred to as unconventional horizontal drilling. A couple of points that are important to note about the relative usage of water in hydraulic fracturing. First - understanding the entire water value chain which considers the following: sourcing of fresh water, transporting or “provisioning” the water to the drilling pad, storing the water on-site in preparation for a frac, managing the return water coming back out of the well, post frac. This return water is referred to as flow-back, which is the water that comes back over 4 to 6 weeks post frac, followed by produced water which will last as long as the life of the well (twenty plus years potentially). The flow back and produced water then needs to be transported (by truck or pipeline) to an offsite location to be disposed of or recycled for reuse. Disposal is typically via a salt water disposal well (SWD) and recycle, albeit discussed at length, is a very small part of this water value chain…at least for the time being.

Each step of this value chain has a different price point depending on which shale formation you are operating in.  For example, in Texas (Permian and the Eagle Ford) where water is in short supply, fresh water is more expensive than disposal. In Pennsylvania (Marcellus) where water is prevalent, fresh water is much cheaper than transportation and disposal. Most importantly, the largest variable in this value chain pricing spectrum, almost independent of the shale formation, is the logistics or transportation costs. This is best demonstrated in Central Pennsylvania where SWD’s are currently illegal. The transportation costs can be as high as $15/bbl to haul the water to eastern Ohio to a permitted SWD. It is surprising that many of the Exploration and Production companies (E&P’s) don’t appreciate or manage the “all in” cost of water. There is a saying in the frac water business that the service provider that reduces the “windshield time” or hauling distance will win the customers’ business. In essence, frac water service is a logistics not a technology business.

Q: Investorideas.com
As the public and government reacted to the sector, new regulations and rules also came into play. How did that impact the sector on both sides, from the energy companies to the service providers treating the water?

A: Jud Hill, Managing Partner, Blue Star Capital, LLC.
Public awareness and regulation are always important drivers in the water sector. The frequently unsaid reality is that industry doesn’t mind strong regulation. They want predictability (set a standard and don’t change it frequently) and consistently enforce the standards. A high regulatory bar keeps out the bad actors and on balance doesn’t affect the all in price of crude oil that much. Generally speaking, most of the experienced and well capitalized E&P players strive to be good stewards of the water supply and want to be seen as green/sustainable actors. The brand damage that comes from doing it wrong is far greater than the perceived savings of a few cents per barrel by trying to cut corners. Of course, treatment companies embrace strong regulation. Regulation is one of the under-pinning’s of ensuring that water is priced as a valued commodity and not a “free good” as some like to think.

Q: Investorideas.com
What are some of the myths and misperceptions out there on the relationship with energy and water?

A: Jud Hill, Managing Partner, Blue Star Capital, LLC.
As mentioned in my previous answer and as crass as it may sound, behaviors are primarily driven by the pricing of the commodity, be it energy or water. Most folks know what they pay to heat and light their homes but many don’t know how much they pay for water. It is still very cheap. Furthermore, guess what the primary cost is in the pricing of water? - The cost of energy to move the water thru a pipeline.

Not a myth but a reality. More than 20% of California’s energy is used to move water around the state.

We all seem to know how much a gallon of gasoline cost at the pump…why? - Because it has a big impact on our disposable income. How much is a gallon of water that you draw from the faucet?  - Less than a penny.

Water and energy are inextricably tied. We now label it as the water/energy nexus.

Another misconception or unappreciated fact is that energy has many substitutes (e.g. oil, coal, nuclear, wind and solar).  Water has ZERO. The best example of perfect price inelasticity… without water, you will die (a need not a want) and, if need be, you will pay any price for it.

Q: Investorideas.com
You recently told me in a phone interview how the recent drop in energy prices has created a new era of efficiency in the sector and how that has created an even better opportunity for the service providers. Can you run us through the cycle and where things stand today?

A: Jud Hill, Managing Partner, Blue Star Capital, LLC.
The water value chain I described previously has changed dramatically at $50 WTI
Three things are occurring:

  1. E&P drillers are shifting from exploratory drilling that allows them to “drill to hold” acreage which are new regions of a shale formation that are not well defined in terms of yield…at $100 bbl it can justify the risk…to what is referred to as “infield drilling” or drilling between proven wells where they own the reserves. This concentrates the water volumes into a smaller geographic area.
  2. The Moore’s law of fracking is at work….drillers are getting more efficient and better at drilling tighter frac patterns which translates to more wells per pad (3 or 5 moving to 10 to 15) causing a conservative increase of the amount of water used and produced by a factor of say three.
  3. And lastly, drillers are shifting from a “gel frac” formulation to what is called a “slick frac” approach. Gel fracs require about 75,000 bbls of water per frac where slick fracs require twice the amount of water - up to around 150,000 bbls per frac - a 2x multiplier for water.

So, assume the cumulative effect of these three drivers and you have dramatically changed the water value chain…increasing the water volumes in a smaller area of geography. Now it makes more economic sense to build a “hub and spoke” collection and treatment system. The spokes are a buried network of salt water gathering pipes (dramatically reducing the need for trucks…reducing windshield time…remember?) Everybody wins…the environment, road infrastructure, safety, public acceptance, greener and at around $2/bbl to transport the water, the E&P’s save lots of money. The hub is an SWD and potentially a recycling system to return clean salt water back to the drilling area with a sister return pipeline laid next to the collection pipe. Same set of savings apply to recycling by reducing the amount of fresh water required for the next set of fracs.

Q: Investorideas.com
In closing , with analysts on both sides seeing energy prices going higher and lower in the year ahead, where do you see it headed and if prices rise will the new efficiencies in place be lost moving forward? Do you think the industry has learned to manage resources better and will hold on to that lesson?

A: Jud Hill, Managing Partner, Blue Star Capital, LLC.
I am not smart enough to predict where the price of oil is going, but as long as we price water as a valued resource - everybody will win.

Bio:
Mr. Hill recently reestablished his management advisory firm with sector verticals to include energy, water environmental services, general industrial and life sciences. Particular expertise in the nexus between energy, water and agriculture. Advisory services range from M&A, capital structures (equity/mezz. and senior debt), and operations advisory including business strategies, markets and personnel optimization.

Has over 30 years of experience in both water and environmental service company operations as well as over a decade of private equity experience in the water industry. 
 
Prior experience includes serving as a Managing Director of NGP Energy Capital Management where he led the firm's efforts in sourcing, execution and monitoring of opportunities in the water and oil field services sectors.  Prior to NGP, Mr.Hill was a Managing Partner with Summit Global Management, Inc. where he was responsible for all private equity investments in the water sector. From 1999 to 2008, he served as a Managing Director of Aqua International Partners and then The Halifax Group, both affiliates of the Texas Pacific Group. Mr. Hill’s early career was with Atlantic Richfield and Westinghouse Electric Corporation where he held operating and executive roles in the environmental and water sectors.
 
Mr. Hill received a Bachelor of Science in Biology/Chemistry in 1977 from Edinboro State University and a Bachelor and Masters of Science in Environmental Engineering in 1979 from the University of Pittsburgh. He serves as a Trustee of the Water Keeper Alliance.

Currently serves on the Board Of Directors for Abtech Industries, Inc. and Greenstone Resource Holdings. Formerly served on the Board of Directors for Meineke Auto Care Centers, Soil safe Inc., North American Video Inc., Biotronic Systems Corp. and Westinghouse Bioanalytic Systems Corp.

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BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.
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Wednesday, February 4, 2015

Natural Gas Stock News: Westport Innovations (TSX:WPT/NASDAQ:WPRT) Gains on EPA Certification News

Westport Innovations (TSX:WPT/NASDAQ:WPRT) Gains on EPA Certification News

Point Roberts WA, NEW YORK, NY – February 4,2015 - Investorideas.com, a global news source covering leading sectors including natural gas and cleantech stocks reports on natural gas engine company, Westport Innovations Inc. (TSX:WPT / NASDAQ:WPRT), (WPRT) is trading at $4.16 up 0.49(13.35%) as of  2:22PM EST, with a day high of $4.47.

The stock moved on news it has received certification from the Environmental Protection Agency (EPA) for its 2015 Ford Transit Van. As Ford's largest qualified vehicle modifier (QVM), Westport is offering the 2015 Ford Transit Van as a dedicated compressed natural gas (CNG) Westport WiNG™ Power System vehicle. Westport expects California Air Resources Board (CARB) certification in early 2015.




About Westport
Westport engineers the world's most advanced natural gas engines and vehicles. More than that, we are fundamentally changing the way the world travels the roads, rails and seas. We work with original equipment manufacturers (OEMs) worldwide from design through to production, creating products to meet the growing demand for vehicle technology that will reduce both emissions and fuel costs. To learn more about our business, visit westport.com, subscribe to our RSS feed, or follow us on Twitter @WestportDotCom.

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Disclaimer/ Disclosure: The Investorideas.com newswire is a third party publisher of news and research as well as creates original content as a news source. Original content created by investorideas is protected by copyright laws other than syndication rights. Investorideas is a news source on Google news syndication partners. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated by featured companies, news submissions, content marketing and online advertising. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp
BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.

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Tuesday, April 22, 2014

Frac Water News Alert: HII Technologies (OTCBB/OTCQB: HIIT) Announces the Appointment of Thomas A. Newton to Its Board of Directors

HOUSTON - April 22, 2014 (Investorideas.com Newswire) HII Technologies, Inc. (the "Company"), (OTCBB/OTCQB: HIIT), an oilfield services company focused on providing Water, Power and Safety Services with operations in Texas, Oklahoma, Ohio and West Virginia today announced that it has appointed Thomas A. "Alex" Newton to its Board of Directors. Mr. Newton has a remarkable track record as a leader and executive and brings substantial operational experience and organizational development to the Company's Board.

Alex Newton has been owner and operator of Siteworks, Inc., a manufacturer of cast stone for the construction industry in the domestic United States since 1999. From 1997-1999, Mr. Newton was President and Chief Operating Officer of Daniel Industries, a manufacturer and marketer of oilfield and industrial products (and previously a NYSE publicly traded corporation until its acquisition by Emerson in 1999). From 1987-1997, Mr. Newton worked at various oilfield divisions within CAMCO International, including as President of Reed Tool Company from 1996-1997 and Vice President and General Manager of Hycalog from 1993-1996. Mr. Newton served in various capacities at NL Industries in its oilfield services group, from 1981-1987, and Chromalloy American Corporation from 1977-1980. The United States Patent and Trademark office has granted twenty patents to Alex throughout his career. Mr. Newton served in the United States Navy as a Lieutenant and is a Vietnam veteran. Mr. Newton received an MBA from Harvard Graduate School of Business Administration and a BA in Management Science from Duke University.
"I am honored to join HII Technologies' Board of Directors as the Company continues its growth in the oilfield services industry. With my experience, I look forward to playing an integral role as a director contributing to the fulfillment of HII Technologies' mission to grow its suite of services within the Water, Power and Safety market segments and commercialize new technologies to develop an advantage in the market," said Mr. Newton.
Alex's experience in oilfield, operational management and execution of high growth business plans will be of great value to our organization. We are pleased to welcome him to the Company's Board of Directors," said Matt Flemming, CEO of HII Technologies, Inc.
About HII Technologies, Inc.
HII Technologies, Inc. is a Houston, Texas based oilfield services company with operations in Texas, Oklahoma, Ohio and West Virginia. By focusing on the Water, Power and Safety oilfield segments, the Company is positioned to take advantage of the anticipated, significant growth in horizontal drilling and hydraulic fracturing within the United States' active shale and unconventional "tight oil" plays. The Company's frac water supply and flow back services segment has two subsidiaries, AES Water Solutions and AquaTex, its onsite oilfield contract safety consultancy does business as AES Safety Services, and its mobile oilfield power subsidiary operates as South Texas Power (STP). HII Technologies' objective is to bring proven technologies to these operating divisions to build a long-term competitive advantage. Read more at www.HIITinc.com, www.AESwatersolutions.com, www.AquaTexUSA.com, www.AESSafetyServices.com and www.Oilfield-Generators.com.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements as to matters that are not of historic fact are forward-looking statements. These forward-looking statements are based on HII Technologies, Inc. ("HII")'s current expectations, estimates and projections about HII, its industry, its management's beliefs and certain assumptions made by management, and include statements regarding estimated capital expenditures, future operational and activity expectations, international growth, and anticipated financial performance in 2014. No assurance can be given that such expectations, estimates or projections will prove to have been correct. Whenever possible, these "forward-looking statements" are identified by words such as "expects," "believes," "anticipates" and similar phrases.
Readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict, including, but not limited to: risks that HII will be unable to achieve its financial, capital expenditure and operational projections, including quarterly and annual projections of revenue and/or operating income and risks that HII's expectations regarding future activity levels, customer demand, and pricing stability may not materialize (whether for HII as a whole or for geographic regions and/or business segments individually); risks that fundamentals in the U.S. oil and gas markets may not yield anticipated future growth in HII's businesses, or could further deteriorate or worsen from the recent market declines, and/or that HII could experience further unexpected declines in activity and demand for its hydraulic frac related water transfer business, its safety consultancy business or its generator and related equipment rental service businesses; risks relating to HII's ability to implement technological developments and enhancements; risks relating to compliance with environmental, health and safety laws and regulations, as well as actions by governmental and regulatory authorities. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Other important risk factors that may affect HII's business, results of operations and financial position are discussed in its most recently filed Annual Report on Form 10-K, recent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K and in other Securities and Exchange Commission filings. Unless otherwise required by law, HII also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made here. However, readers should review carefully reports and documents that HII files periodically with the Securities and Exchange Commission.
Contact:
Matthew Flemming, HII Technologies, Inc. +1-713-821-3157
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BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.

Tuesday, April 8, 2014

Frac Water News Alert: HII Technologies, Inc. (OTCBB/OTCQB: HIIT) Announces Preliminary First Quarter 2014 Results

HOUSTON - April 8, 2014 (Investorideas.com Newswire) HII Technologies, Inc. (the "Company"), symbol HIIT (OTCBB/OTCQB: HIIT), an oilfield services company focused on providing Water, Power and Safety Services with operations in Texas, Oklahoma, Ohio and West Virginia today announced that its preliminary unaudited results for consolidated revenues from operations for the quarter ended March 31, 2014 exceeded $6.5 million.

On a consolidated basis, the Company's revenues for the quarter ended March 31, 2014 were approximately $6.5 million, an increase of over 150% compared to the first quarter 2013 consolidated revenues of $2.6 million. Further, the Company's preliminary first quarter 2014 revenues represented a sequential increase of approximately 35% from the Company's fourth quarter 2013 revenues, which were approximately $4.8 million.
Mr. Flemming, CEO HII Technologies, stated, "Our growth continued in the first quarter of 2014 resulting from continued activity levels in the markets we serve including the Permian, Eagle Ford Shale, Eaglebine and Utica shale areas. During the quarter, significant developments occurred in all three of our divisions. In the Water division, AES Water Solutions has provided a waste water evaporation service to some leading E & P companies in the Eagle Ford and Permian Basin areas and AquaTex has gained several new customers expanding in the Eaglebine area. AES Safety Services is now providing rapid response site remediation for customers' environmental incidents. And in our Power division, STP has expanded its equipment and rental fleet as well as geographic expansion into the Permian Basin with additional new customers."
The Company anticipates filing its Quarterly Report on Form 10-Q for the period ended March 31, 2014 and announcing earnings and related financial results for the period by May 15, 2014.
About HII Technologies, Inc.
HII Technologies, Inc. is a Houston, Texas based oilfield services company with operations in Texas, Oklahoma, Ohio and West Virginia. By focusing on the Water, Power and Safety oilfield segments, the Company is positioned to take advantage of the anticipated, significant growth in horizontal drilling and hydraulic fracturing within the United States' active shale and unconventional "tight oil" plays. The Company's frac water supply and flow back services segment has two subsidiaries, AES Water Solutions and AquaTex, its onsite oilfield contract safety consultancy does business as AES Safety Services, and its mobile oilfield power subsidiary operates as South Texas Power (STP). HII Technologies' objective is to bring proven technologies to these operating divisions to build a long-term competitive advantage. Read more at www.HIITinc.com, www.AESwatersolutions.com, www.AquaTexUSA.com, www.AESSafetyServices.com and www.Oilfield-Generators.com.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements as to matters that are not of historic fact are forward-looking statements. These forward-looking statements are based on HII Technologies, Inc. ("HII")'s current expectations, estimates and projections about HII, its industry, its management's beliefs and certain assumptions made by management, and include statements regarding estimated capital expenditures, future operational and activity expectations, international growth, and anticipated financial performance in 2014. No assurance can be given that such expectations, estimates or projections will prove to have been correct. Whenever possible, these "forward-looking statements" are identified by words such as "expects," "believes," "anticipates" and similar phrases.
Readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict, including, but not limited to: risks that HII will be unable to achieve its financial, capital expenditure and operational projections, including quarterly and annual projections of revenue and/or operating income and risks that HII's expectations regarding future activity levels, customer demand, and pricing stability may not materialize (whether for HII as a whole or for geographic regions and/or business segments individually); risks that fundamentals in the U.S. oil and gas markets may not yield anticipated future growth in HII's businesses, or could further deteriorate or worsen from the recent market declines, and/or that HII could experience further unexpected declines in activity and demand for its hydraulic frac related water transfer business, its safety consultancy business or its generator and related equipment rental service businesses; risks relating to HII's ability to implement technological developments and enhancements; risks relating to compliance with environmental, health and safety laws and regulations, as well as actions by governmental and regulatory authorities. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Other important risk factors that may affect HII's business, results of operations and financial position are discussed in its most recently filed Annual Report on Form 10-K, recent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K and in other Securities and Exchange Commission filings. Unless otherwise required by law, HII also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made here. However, readers should review carefully reports and documents that HII files periodically with the Securities and Exchange Commission.
Because such statements involve risks and uncertainties, many of which are outside of HII's control, HII's actual results and performance may differ materially from the results expressed or implied by such forward-looking statements. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Other important risk factors that may affect HII's business, results of operations and financial position are discussed in its most recently filed Annual Report on Form 10-K, recent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K and in other Securities and Exchange Commission filings. Unless otherwise required by law, HII also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made here. However, readers should review carefully reports and documents that HII files periodically with the Securities and Exchange Commission.
Contact:
Matthew Flemming, HII Technologies, Inc. +1-713-821-3157
Disclaimer/ Disclosure: The Investorideas.com newswire is a third party publisher of news and research as well as creates original content as a news source. Original content created by investorideas is protected by copyright laws other than syndication rights. Investorideas is a news source on Google news and Linkedintoday plus hundreds of syndication partners. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated by featured companies, news submissions, content marketing and online advertising. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers.
More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp
HIIT disclosure: March 2013: two thousand per month for profile and news publication, renewed August 2013: five hundred per month for news publication
BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.

Monday, March 31, 2014

Frac Water News Alert: HII Technologies, Inc. (OTCBB/OTCQB: HIIT) Reports Full Year 2013 Financial Results

HOUSTON - March 31, 2014 (Investorideas.com Newswire) HII Technologies, Inc. (the "Company"), symbol HIIT (OTCBB/OTCQB: HIIT), an oilfield services company focused on providing Water, Power and Safety Services today announced its financial results for the fiscal year and fourth quarter ended December 31, 2013.

Significant fiscal year and fourth quarter 2013 financial results for the Company included:
  • Fourth quarter 2013 revenues were approximately $4.8 million, an increase of approximately 190% from the fourth quarter 2012 revenues,
  • Fiscal year ended December 2013 revenues were approximately $14.5 million, an increase of approximately $12.8 million, or 730%, from the previous fiscal year,
  • Gross Margins averaged 26.2% for the year, and 26.9% for the fourth quarter ended December 31, 2013 resulting from improvement in operational margins from increased sales of the two newer divisions of Power and Safety covering fixed costs,
  • Adjusted EBITDAS for fiscal year 2013 was approximately $500,700 and included adjustments for one-time non-recurring expense items, non-cash and non-operational items, (EBITDAS defined as earnings before interest, depreciation, amortization, non-cash stock option expenses, and one-time non-operational expense items); a non-GAAP measure. (see tables below for a more detailed discussion),
  • Net Loss was $.03 per share on a fully diluted basis, excluding the adjusted items listed below.
The Company's full 2013 fiscal year results are set forth in its Annual Report on Form 10-K filed with the SEC on March 31, 2014.
The Company's audited revenues for the year ended December 31, 2013 represented full year fiscal results from the Company's operating subsidiaries (doing business as AES Water Solutions, South Texas Power and AES Safety Solutions) and partial-year results for the Company's AquaTex subsidiary acquired in November 2013. Pro forma 2013 revenues would have been approximately $16.7 million if the Company's acquisition of AquaTex occurred on January 1, 2013.
Each of the Company's Water, Power and Safety divisions experienced operational growth and increased revenues during 2013, as discussed below.
The Company's Water division experienced significant growth in 2013 due to increased customer base, expanded territories of operational activities and additional services offered. The November 2013 AquaTex acquisition also provided new customers and geographic expansion in South Texas' Eagle Ford Shale and the Eaglebine formation in East Texas. Additional service offerings including waste water evaporation services and flow back/well testing services which made a positive impact on the Water division's revenue growth. As previously announced, the strategic alliances with CRS Repossessing and Resource West also contributed to the Water division's 2013 growth. By partnering for these additional products and services for our Water division, the Company avoided most of the costly product development cycles and issues customarily found with new product inventions.
The Company's Safety division continued its growth in 2013 via establishing new safety engineering service sites in Ohio and West Virginia, adding customers in Texas for safety inspection as well as safety classroom training and certification programs offered. AES Safety Services also expanded its service offering to include a rapid spill response program for site clean-up and remediation after environmental occurrences.
During 2013, the Company's Power division, operating as South Texas Power (STP), augmented its fleet of oilfield mobile generator sets, acquired several new oilfield customers and added additional key employees, all of which contributed to its growth and facilitated expansion into other parts of Texas. Recently STP has developed a new operating base in the Permian basin. The Power division anticipates entering the Oklahoma market in fiscal 2014 leveraging its existing customer base and reputation in the Texas market.
Matthew Flemming, CEO of HII Technologies, stated, "While maintaining our focus in the Water, Safety and Power market segments we have expanded our services within these segments which is a business strategy we believe will continue to position us for growth. Currently, the markets we operate in have been very active for energy services and we are pleased with the organic growth that occurred in 2013." Mr. Flemming continued, "The successful integration of the AquaTex acquisition from November 2013 and the Company's continued growth and demonstrated ability to bring new technologies to our customers, is a tribute to the outstanding people who work at our Company. We are thankful for our hard working employees, and we are excited to accelerate our plans in 2014 for our stockholders."
Investorideas.com Newswire As reported in the Company's 2013 Annual Report on Form 10-K audited results, Current Assets increased by approximately $2.1 million to approximately $5.0 million from the previous quarter ended September 30, 2013. The Company's Stockholder's Equity (Total Assets minus Total Liabilities) increased by approximately $69,000 to approximately $886,000, sequentially from the previous quarter ended September 30, 2013. These increases were directly attributable to the Company's acquisition of AquaTex on November 12, 2013 and our operational performance in the fiscal year 2013.
Fourth Quarter 2013 Income Statement
The table below sets forth the summary Company's Statement of Operations, for the fourth quarter ended December 31, 2013;
Investorideas.com Newswire Adjusted EBITDAS Reconciliation Table
The following is a reconciliation of income from continuing operations attributable to the Company as presented in accordance with United States generally accepted accounting principles (GAAP) to EBITDAS.
Investorideas.com Newswire The Company anticipates releasing preliminary first quarter 2014 revenue results in April with further corporate updates and initial 2014 revenue guidance by May 2014.
For more information, managements analysis of its financial information and the Company's risk factors, please read the Company's 2013 Annual Report on Form 10-K at the Edgar web site at www.SEC.gov and www.HIITinc.com
About HII Technologies, Inc.
HII Technologies, Inc. is a Houston, Texas based oilfield services company with operations in Texas, Oklahoma, Ohio and West Virginia. By focusing on the Water, Power and Safety oilfield segments, the Company is positioned to take advantage of the anticipated, significant growth in horizontal drilling and hydraulic fracturing within the United States' active shale and unconventional "tight oil" plays. The Company's frac water supply and flow back services segment has two subsidiaries, AES Water Solutions and AquaTex, its onsite oilfield contract safety consultancy does business as AES Safety Services, and its mobile oilfield power subsidiary operates as South Texas Power (STP). HII Technologies' objective is to bring proven technologies to these operating divisions to build a long-term competitive advantage. Read more at www.HIITinc.com, www.AESwatersolutions.com, www.AquaTexUSA.com, www.AESSafetyServices.com and www.Oilfield-Generators.com.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements as to matters that are not of historic fact are forward-looking statements. These forward-looking statements are based on HII Technologies, Inc. ("HII")'s current expectations, estimates and projections about HII, its industry, its management's beliefs and certain assumptions made by management, and include statements regarding estimated capital expenditures, future operational and activity expectations, international growth, and anticipated financial performance in 2014. No assurance can be given that such expectations, estimates or projections will prove to have been correct. Whenever possible, these "forward-looking statements" are identified by words such as "expects," "believes," "anticipates" and similar phrases.
Readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict, including, but not limited to: risks that HII will be unable to achieve its financial, capital expenditure and operational projections, including quarterly and annual projections of revenue and/or operating income and risks that HII's expectations regarding future activity levels, customer demand, and pricing stability may not materialize (whether for HII as a whole or for geographic regions and/or business segments individually); risks that fundamentals in the U.S. oil and gas markets may not yield anticipated future growth in HII's businesses, or could further deteriorate or worsen from the recent market declines, and/or that HII could experience further unexpected declines in activity and demand for its hydraulic frac related water transfer business, its safety consultancy business or its generator and related equipment rental service businesses; risks relating to HII's ability to implement technological developments and enhancements; risks relating to compliance with environmental, health and safety laws and regulations, as well as actions by governmental and regulatory authorities. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Other important risk factors that may affect HII's business, results of operations and financial position are discussed in its most recently filed Annual Report on Form 10-K, recent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K and in other Securities and Exchange Commission filings. Unless otherwise required by law, HII also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made here. However, readers should review carefully reports and documents that HII files periodically with the Securities and Exchange Commission.
Because such statements involve risks and uncertainties, many of which are outside of HII's control, HII's actual results and performance may differ materially from the results expressed or implied by such forward-looking statements. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Other important risk factors that may affect HII's business, results of operations and financial position are discussed in its most recently filed Annual Report on Form 10-K, recent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K and in other Securities and Exchange Commission filings. Unless otherwise required by law, HII also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made here. However, readers should review carefully reports and documents that HII files periodically with the Securities and Exchange Commission.
Contact:
Matthew Flemming, HII Technologies, Inc. +1-713-821-3157
Disclaimer/ Disclosure: The Investorideas.com newswire is a third party publisher of news and research as well as creates original content as a news source. Original content created by investorideas is protected by copyright laws other than syndication rights. Investorideas is a news source on Google news and Linkedintoday plus hundreds of syndication partners. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated by featured companies, news submissions, content marketing and online advertising. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers.
More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp
HIIT disclosure: March 2013: two thousand per month for profile and news publication, renewed August 2013: five hundred per month for news publication
BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.