Oilfield Services Stock Alert: HII Technologies, Inc. (HIIT) Announces Second Quarter 2013 Results

HOUSTON - August 14, 2013 (Investorideas.com Newswire) HII Technologies, Inc. (the "Company"), symbol HIIT (OTCBB/OTCQB: HIIT), an oilfield services company headquartered in Houston, Texas, today announced financial results for the second quarter ended June 30, 2013.

As stated in the Company's Quarterly Report on Form 10-Q filed on August 14, 2013, second quarter 2013 revenues were $3,226,437, which generated a gross profit of $865,128. For the six months ended June 30, 2013, revenues were $5,836,210 and gross profit was $1,397,420. Increased revenues came from continued growth of AES Water Solutions' frac water supply business and rising revenue contributions from the South Texas Power and the AES Safety Services divisions, which were launched in late December 2012 and January 2013, respectively. AES Water Solutions generated revenues of $449,737 for the second quarter 2012 and $986,108 for the six months ended June 30, 2012. Accordingly, this represents revenue growth of more than 600% for the second quarter 2013, and 490% for the six months ended June 30th, from the comparable periods in 2012. This is a pro forma revenue comparison, as the Company purchased AES in September 2012, and its income statement is illustrated separately within the Quarterly Report on Form 10-Q.
For the second quarter ended June 30, 2013, the Company had Adjusted EBITDAS of approximately $394,539, (EBITDAS defined as earnings before interest, taxes, depreciation, amortization, non-cash stock option expenses, and one-time non-operational expense items), a non-GAAP measure. A reconciliation table of the Adjusted EBITDAS is provided below. The Net Loss for the second quarter 2013 was $373,527. The EBITDAS results were impacted by increased revenues and improved sequential quarter to quarter gross margins offset by in-field testing for new frac water recycling technologies and the costs associated with organic territory expansion particularly in West Texas and the Permian Basin.
In terms of the Balance Sheet, total Current Assets grew from $1,743,568 at year end 2012 to $2,849,689 at June 30, 2013. Net Equipment totaled $537,881 at year end 2012 and was $372,526 at June 30, 2013, the reduction primarily resulting from the sale of our truck fleet and establishment of national truck lease line program as well as accumulated depreciation. Total Assets also grew from $4,182,551 at year end 2012 to $5,182,945 at June 30, 2013. Total Liabilities grew from $3,311,580 to $4,393,867 for the same period which included $934,200 outstanding on a new $2 million revolving line of credit closed during the second quarter 2013. Previous to this, all growth had been funded from existing cash flow. The line of credit provides additional liquidity to the Company as needed.
Brent Mulliniks, President of AES Water Solutions stated, "We are pleased with AES' continued growth during the quarter. The testing of new onsite produced and frac water flow back recycling technologies was an additional cost during the quarter. These high volume, relatively low operating cost mobile water recycling systems may provide a significant sustained advantage for AES. We are diligently focused on several systems that are being tested in the oilfield today to provide best-in-class solutions as water recycling techniques may vary in different locations. The existing frac water supply business grew in South Texas and maintained a strong position in its North Texas and Oklahoma operations. The expenses associated with new operations in the Permian Basin and the Cline Shale in West Texas as well as the Eagle Ford Shale in South Texas are paying off." Mr. Mulliniks concluded.
Matthew Flemming, CEO of HII Technologies stated, "Strong revenue growth across all three divisions of Water, Safety and Power validated our strategy of focusing on core oilfield market segments where demand is anticipated to remain strong. We have avoided a diluted, unfocused, all-category strategy where equipment and personnel utilization become a challenge. Our management team, people in the field and customized oilfield equipment should continue to fuel organic growth in our focused areas. We continue to review new technologies and potential acquisitions in an effort to further accelerate our growth."
Second Quarter 2013 Statement of Operations
The table below sets forth the summary of the Company's Statement of Operations for the second quarter ended June 30, 2013 (in thousands):
The Company's second quarter 2013 revenues exceeded preliminary estimates. The full discussion of the Company's financial results are available within the Company's Quarterly Report on Form 10-Q filed August 14, 2013.
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.
For more information, management's analysis of its financial information and the Company's risk factors, please read the Company's Quarterly Reports on Form 10-Q and its 2012 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. The Company is positioned to take advantage of the significant anticipated growth in horizontal drilling and hydraulic fracturing within the United States' active shale and unconventional "tight oil" plays by deploying new oilfield related technologies to enhance the value of services it offers its customers. The Company's frac water supply services subsidiary does business as AES Water Solutions, its onsite oilfield contract safety consultancy does business as AES Safety Services, and its mobile oilfield power subsidiary does business as South Texas Power (STP). The holding company, 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 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'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 2013. 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; risks that HII may be unable to achieve the benefits expected from acquisition and disposition transactions, and risks associated with integration of the acquired operations into HII's operations; risks, in responding to changing or declining market conditions, that HII may not be able to reduce, and could even experience increases in, the costs of labor, fuel, equipment and supplies employed and used in HII's businesses; risks relating to changes in the demand for or the price of oil and natural gas; risks that HII may not be able to execute its capital expenditure program and/or that any such capital expenditure investments, if made, will not generate adequate returns; and other risks affecting HII's ability to maintain or improve operations, including its ability to maintain prices for services under market pricing pressures, weather risks, and the impact of potential increases in general and administrative expenses.
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 is a third party publisher of news and research Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising.
More: http://www.investorideas.com/About/Disclaimer.asp. Disclosure: HII Technologies, Inc.: one month profile and news distribution effective March 20, 2013 with option to renew: two thousand per month
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

Oilfield Services Stock Alert; HII Technologies, Inc. (HIIT) Announces Preliminary Second Quarter 2013 Results

HOUSTON - July 17, 2013 (Investorideas.com Newswire) HII Technologies, Inc. (the "Company"), symbol HIIT (OTCBB/OTCQB: HIIT), an oilfield services company headquartered in Houston, Texas, 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 June 30, 2013 exceeded $3.1 million.

On a consolidated basis, the Company's revenues for the quarter ended June 30, 2013 exceeded $3.1 million, an increase of over 580% compared to the second quarter 2012 consolidated revenues of approximately $449,700. Further, the Company's preliminary second quarter 2013 revenues represented an increase of approximately 19% from the Company's first quarter 2013 revenues, which were approximately $2.6 million.
Mr. Flemming, CEO HII Technologies, stated "AES Water Solutions performed well during the quarter with additional frac water supply activity expanding in South Texas Eagle Ford Shale market and the Cline Shale area of West Texas while maintaining good activity in its Oklahoma markets. Our Safety Services division acquired an important new customer during the second quarter effectively doubling its current monthly revenues. South Texas Power increased revenues as a result of the addition and deployment of new equipment in its custom rental fleet of mobile oilfield generators."
The Company anticipates filing its Quarterly Report on Form 10-Q for the period ended June 30, 2013 and announcing earnings and related financial results for the period by August 15, 2013.
About HII Technologies, Inc.
HII Technologies, Inc. is a Houston, Texas based oilfield services company with operations in Texas, Oklahoma, Ohio and West Virginia. The Company is positioned to take advantage of the significant anticipated growth in horizontal drilling and hydraulic fracturing within the United States' active shale and unconventional "tight oil" plays by deploying new oilfield related technologies to enhance the value of services it offers its customers. The Company's frac water supply services subsidiary does business as AES Water Solutions, its onsite oilfield contract safety consultancy does business as AES Safety Services, and its mobile oilfield power subsidiary does business as South Texas Power (STP). The holding company, 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 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'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 2013. 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; risks that HII may be unable to achieve the benefits expected from acquisition and disposition transactions, and risks associated with integration of the acquired operations into HII's operations; risks, in responding to changing or declining market conditions, that HII may not be able to reduce, and could even experience increases in, the costs of labor, fuel, equipment and supplies employed and used in HII's businesses; risks relating to changes in the demand for or the price of oil and natural gas; risks that HII may not be able to execute its capital expenditure program and/or that any such capital expenditure investments, if made, will not generate adequate returns; and other risks affecting HII's ability to maintain or improve operations, including its ability to maintain prices for services under market pricing pressures, weather risks, and the impact of potential increases in general and administrative expenses.
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 is a third party publisher of news and research Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising.
More: http://www.investorideas.com/About/Disclaimer.asp. Disclosure: HII Technologies, Inc.: one month profile and news distribution effective March 20, 2013 with option to renew: two thousand per month
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

Oilfield Services Stock Alert; HII Technologies, Inc. (HIIT) Announces New Equipment for Its South Texas Power Division

HOUSTON - July 11, 2013 (Investorideas.com Newswire) HII Technologies, Inc. (the "Company"), symbol HIIT (OTCBB/OTCQB: HIIT), an oilfield services company headquartered in Houston, Texas,with operations in Texas, Oklahoma, Ohio and West Virginia today announced that its oilfield portable power division known as South Texas Power, or STP, has expanded its rental fleet of equipment. STP augmented its fleet with fifteen new customized oilfield generator sets valued at approximately $750,000 in the past thirty days under the lease program with an existing strategic relationship previously announced by the Company on November 1, 2012.

Mr. Matthew Flemming, CEO of HII Technologies, the parent company of South Texas Power, stated, "Until there is an electricity grid in remote oilfield areas including the Eagle Ford Shale, portable diesel and natural gas powered generators will continue to be in demand." Mr. Flemming continued, "STP's approach is a customer-oriented, turn-key program, providing superior service for oilfield operators by arranging for the delivery of generators, fuel, service and maintenance to provide full time power in the field for its customers. STP is building what we believe is one of the youngest customized oilfield generator fleets in the business."
The Company anticipates continuing to expand its rental fleet rapidly over the next several quarters.
About HII Technologies, Inc.
HII Technologies, Inc. is a Houston, Texas based oilfield services company with operations in Texas, Oklahoma, Ohio and West Virginia. The Company is positioned to take advantage of the significant anticipated growth in horizontal drilling and hydraulic fracturing within the United States' active shale and unconventional "tight oil" plays by deploying new oilfield related technologies to enhance the value of services it offers its customers. The Company's frac water supply services subsidiary does business as AES Water Solutions, its onsite oilfield contract safety consultancy does business as AES Safety Services, and its mobile oilfield power subsidiary does business as South Texas Power (STP). The holding company, 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 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'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 2013. 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; risks that HII may be unable to achieve the benefits expected from acquisition and disposition transactions, and risks associated with integration of the acquired operations into HII's operations; risks, in responding to changing or declining market conditions, that HII may not be able to reduce, and could even experience increases in, the costs of labor, fuel, equipment and supplies employed and used in HII's businesses; risks relating to changes in the demand for or the price of oil and natural gas; risks that HII may not be able to execute its capital expenditure program and/or that any such capital expenditure investments, if made, will not generate adequate returns; and other risks affecting HII's ability to maintain or improve operations, including its ability to maintain prices for services under market pricing pressures, weather risks, and the impact of potential increases in general and administrative expenses.
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 is a third party publisher of news and research Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising.
More: http://www.investorideas.com/About/Disclaimer.asp. Disclosure: HII Technologies, Inc.: one month profile and news distribution effective March 20, 2013 with option to renew: two thousand per month
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

Investorideas.com - How to profit from the shale revolution in Latin America

Investorideas.com - How to profit from the shale revolution in Latin America

A small company with big potential in Colombia; (TSX:CNE), (bvc:CNEC)

By: James McKeigue, MoneyWeek

Ideas get bigger when you share them...

inShare1

3

 

July 9, 2013 (Investorideas.com energy stocks newswire) What do the Russian government and Greenpeace have in common? They both fear the spread of America's shale gas revolution. The former worries that if shale takes off elsewhere it will weaken its position in the market, while the latter dreads the supposed environmental consequences of global shale production.

I'm sure you have all heard about shale gas by now, but just to recap, shale gas is natural gas trapped within shale rock formations. Over the past decade, new drilling methods and a process called hydraulic fracturing ('fracking'), which involves pumping a mix of pressurised water, sand and chemicals underground to crack underground rocks and free the gas. Producers now have access to gas that was once uneconomic to extract.
So far the 'shale revolution' has been largely confined to the US , where there is so much of the stuff, there has been a glut. This has helped to drive prices of natural gas to new lows in recent years.
But attempts to launch it elsewhere have failed. For example, after wasting millions of dollars drilling failed wells in Poland – supposedly Europe's best shale prospect – ExxonMobil pulled out of the country last year.
Fracking is not without its risks
In the US , the shale revolution has been nothing short of a miracle. And it promises to grant energy independence to the world's biggest oil importer. Indeed, thanks to shale, the US is set to overtake Russia as the world's biggest gas producer in 2015 and Saudi Arabia as the world's biggest oil producer by 2020.
The energy transformation is boosting America's economy and giving the government new geopolitical strength. It's even helped to cut the country's C02 emissions as the country's power plants switch from coal to gas. So, why aren't other countries following suit?
Well, like most 'miracles', shale energy comes with several strings attached. The extraction technique, 'fracking', involves pumping millions of litres of water and chemicals at high pressure to fracture underground rock formations to release trapped gas. And not everyone is prepared to do it.
For example, the French have banned it over fears that it may contaminate underground aquifers. In the relatively densely populated UK, 'Nimbyism' threatens to slow fracking development, as local communities recoil against the idea of heavy industry despoiling quiet rural spots. Even in places like China , where the government is often prepared to ignore environmental worries or Nimbyism, shale gas is far from certain. In this instance, the problem is water scarcity. China has the world's biggest shale gas reserves and it could sustain a widespread fracking campaign. But experts are uncertain if fracking will take off there.
But Russian oil ministers and Greenpeace activists can't breathe easy just yet. Because Latin America has the perfect conditions for shale gas and I've found one company that looks like it's about to spark the revolution over there.
Why Latin America is built for shale
As a whole, and with the obvious exceptions that mark most generalisations, Latin America has far fewer problems than are found elsewhere in the world. It has sizeable shale deposits, governments and companies that have long worked with the extractive industries, many sparsely populated areas where Nimbyism is less likely, and an abundance of water. Broadly speaking the financials also look good too. The region's strong economic growth means that there is growing domestic demand, while its Atlantic and Pacific coasts give it handy export access to the European and Asian markets, where gas sells for a higher price than it does in North America.
But Latin America is a vast place, so there is bound to be a lot of variation. So it's worth analysing the different opportunities available in each country.--------------------------------------------------------------------------------
If you've enjoyed what you've read so far, I've got something you'll definitely be interested in.
'The New World' is MoneyWeek's FREE globally-focused weekly email, bringing you the most exciting investment stories from Asia and Latin America.
Argentina's huge shale bounty
Thanks to the 2010 discovery of the Vaca Muerta field (translates literally as 'dead cow' field – odd name, I know), Argentina now has the third-biggest shale gas deposits in the world and the fourth-most shale oil.
Estimates vary but energy consultant IHS reckons the country has 6,037 trillion cubic feet (tcf) of gas and 1,135 billion barrels of oil in place. To give that some context, Britain's entire annual gas use comes to about 3tcf. Now it's worth noting that only a small portion of that gas is likely to be extracted. America's Energy Information Administration (EIA) reckons that around 802tcf of Argentina's shale gas is “technically recoverable" – even so, it's still a huge amount of gas.
But despite the massive reserves, I don't think Argentina represents the best bet for New World readers. In 2009/2010, I spent five months in the country writing a report on Argentina's oil and gas sector for a US oil magazine. Socially it was great – I love Argentina and enjoyed the chance to travel out to the oil provinces. But workwise it was a nightmare. Off the record the oil execs would moan that President Kirchner's price controls and taxes meant it made no sense to invest in new production, while on the record they were too worried about upsetting the government to say anything interesting for my report.
But although the experience may not have produced the best writing of my career, it did make a deep impression on me. I hope the country does find a fair way to exploit its amazing bounty and some of my Argentinian friends can benefit. But I don't think it will be easy for small, international private investors like us to profit from it.
Three energy giants with huge prospects
Next up is Mexico , which the EIA estimates has 545tcf of technically recoverable reserves. The situation also looks promising on the government side of things too. A few months ago I heard Francisco Salazar, president of Mexico's Energy Regulatory Commission, speak at London's annual Latin American Investment Forum. He stressed that the government was keen to push shale development. Moreover, he suggested that, while the constitution bans private-sector oil companies owning Mexican hydrocarbon reserves, it may be easier to get firms to develop the country's shale fields.
But despite this optimism, I don't think it's the right option for investors just yet. One of the biggest challenges Mexican shale gas faces is US shale gas. America's established oil infrastructure and service companies give US producers a big advantage over any Mexican rivals. Indeed, an Inter-American Development Bank report on shale gas estimates that it costs five times as much to drill a shale gas well in Mexico as it does across the border in America . That means it's cheaper for Mexican industry to import cheap US gas than to worry about developing its own. Of course those dynamics will change over time – especially if America starts exporting to higher price Asian markets – but for now at least it's a barrier for investors.
Latin America's other energy giants, Brazil and Venezuela , both have lots of shale gas but neither seems rushed to exploit it at the moment. It's estimated that Brazil may have 245tcf of recoverable shale reserves, the third-highest in the region. But at present it is locked into the technically and financially challenging task of exploiting its huge sub-sea oil basins and can't afford to be distracted by shale. Venezuela is believed to have 167tcf of technically recoverable reserves but it's unlikely they will be exploited anytime soon. After all, with conventional oil and gas production below pre-Chavez levels, despite the massive reserves, Venezuela's national oil company has other priorities.
My favourite shale oil prospect
In regional terms, Colombia is a shale energy minnow but I actually think it offers far better prospects for shale investors. Let me tell you why. IHS estimates Colombia's shale could hold more than 3,000tcf of gas. Of this, the EIA believes that around 55tcf could be recoverable, with up to another 6.8 billion barrels of shale oil. As always, these figures need to be treated with caution but to put it in context, it's in a similar ballpark to the UK , where recent estimates hint at 1,500tcf in total with perhaps 10% of that recoverable.
Another positive for investors is that Colombia really needs shale energy. At present it is an oil exporter but with rapid growth stoking demand, it's estimated it may be importing oil by 2017. If the EIA's figures are right, shale could triple Colombia's oil reserves. Another plus is that the country has a great track record in managing extractive industries and establishing fair rules for private-sector firms and international investors.
The Colombian government offers a 40% discount on royalties from non-conventional projects and has raised the price ceiling for its crude tax. It has also worked to improve the bureaucratic processes for unconventional projects.
As David R Mares notes in an Inter-American Development Bank report on shale gas, this is a strategy that Colombia has already used with some success with conventional oil – “provide an attractive environment for investment and they will find reserves and produce".
A small company with big potential in Colombia
Canacol Energy (TSX: CNE), (bvc:CNEC) is a tiny, Canada-listed oil firm that owns acreage in Colombia and Ecuador . The firm has 22 million barrels of oil (boe) of proved reserves, made up of a mix of conventional and shale oil and gas. Once you throw in probable and possible reserves, the firm could be sitting on more than 52 million boe – around 90% of which is in Colombia.
The firm has a real mix of assets with light oil, heavy oil and natural gas. It's currently producing about 8,000 barrels per day from these fields, which is helping to fund its efforts to explore the rest of its 2.5 million acres of concessions. And from our point of view it's this exploration that is the most exciting aspect.
The company has five exploration and production contracts covering 250,000 acres across one of Colombia's most exciting shale basins, the Middle Magdalena Valley , located in central Colombia . These assets have caught the attention of experienced international shale operators who are keen to come to Latin America . ConocoPhillips, Exxon Mobil and Shell are already partners in the firm's shale operations.
I interviewed Canacol co-founder, Luis Baena, on the sidelines of the recent Colombia Inside Out conference in London . Like most top management he does a pretty good job of selling his company, and produced a barrage of statistics to prove why his company is better value for New World readers than his competitors. But while it normally pays to treat management investor talks with a fair dose of scepticism, his arguments resonated strongly with me. He pointed out that the firm had benefited from picking up cheap acreage since 2008.
Now, as interest in Colombia's oil and gas sector grows and surrounding factors, such as security and infrastructure, improve, the value of that acreage is going up. For example, its first deal, with Exxon, valued Canacol's shale acreage at around $774 per acre. The most recent deal, this time with ConocoPhillips, put the value at $3,000 dollars per acre.
Yet even at these prices it's still far below levels in the US where an acre can swap hands for $15,000. As with any small firm, this is a risky bet, but one with plenty of upside.

This article is taken from The New World, MoneyWeek's FREE regular email of investment ideas and news from Asia and Latin America. Sign up to The New World here.
Original source: http://moneyweek.com/new-world-how-to-profit-from-the-shale-revolution-in-latin-america/

More Info:

This news is published on the Investorideas.com Newswire and its syndicated partner network

News now!

Get Free investor news and stock alerts: Sign up here

Disclaimer: The following news is paid for and /or published as information only for our readers.Investorideas.com is a third party publisher of news and research. Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. 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 all investment. Disclaimer in full, Investorideas.com Disclosure Please read individual disclosures for featured stocks.
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

Oilfield Services / Frac Water Stock Trading Alert; HII Technologies (HIIT) Gains 11%

New York, NY / Point Roberts, WA - June 19, 2013 (Investorideas.com Newswire, www.water-stocks.com) Investorideas.com staff: Investorideas.com, an investor research portal specializing in investing ideas in leading sectors reports on trading for oilfield services /frac water treatment stock HII Technologies, Inc. (OTCBB: HIIT). The stock is trading at $0.30, gaining 0.03 or 11.11% on light volume.

The company recently reported that Matt Flemming, CEO, and Brent Mulliniks, President of the Company's subsidiary, AES Water Solutions, will present a review and investor update of the Company to the Energy Prospectus Group (EPG). The EPG luncheon will be held at the Hess Club located at 5430 Westheimer, Houston, Texas on June 25, 2013 starting at 11:30am. Interested attendees who would like to meet management and attend the luncheon may register for the meeting at http://www.energyprospectus.com/event.php?eventId=84.
A copy of the presentation will be available on the Company's website on June 25th. The presentation will be available to members of the Energy Prospectus Group at www.energyprospectus.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. The Company is positioned to take advantage of the significant anticipated growth in horizontal drilling and hydraulic fracturing within the United States' active shale and unconventional "tight oil" plays by deploying new oilfield related technologies to enhance the value of services to its customers. The Company's frac water supply services subsidiary does business as AES Water Solutions, its onsite oilfield contract safety consultancy does business as AES Safety Services, and its mobile oilfield power subsidiary does business as South Texas Power (STP). Read more at www.HIITinc.com, www.AESwatersolutions.com and www.oilfield-generators.com.
Investors can research more water remediation stocks with Investorideas.com stock directories
About InvestorIdeas.com: Investor Ideas for global investors; invest in what you like!
www.InvestorIdeas.com is a meeting place for investors and public companies in leading sectors. Find investing ideas in biotech stocks, tech and mobile stocks, mining stocks, oil and gas, water stocks, renewable energy, beverage stocks, defense stocks, nanotech and more on TSX, OTC, NASDAQ and global exchanges.
Follow Investorideas.com on Twitter
Follow Investorideas.com on Facebook
Follow Investorideas.com News on Linkedin.com/today
Sign up for free stock alerts at Investorideas.com
Become an Investorideas.com Member and access our online stock directories listing thousands of publicly traded stocks in over 14 leading sectors
Disclaimer/ Disclosure: The Investorideas.com is a third party publisher of news and research Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities.
http://www.investorideas.com/About/Disclaimer.asp
This site is currently compensated by featured companies, news submissions and online advertising. Disclosure: HIIT has compensated Investorideas.com two thousand for news publication per month /
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
800-665-0411 -   Source – www.Investorideas.com

Houston Based Oilfield Services/ Frac Water Stock HII Technologies (OTCQB: HIIT) Beats Odds against Industry Leaders

Point Roberts, WA - June 7, 2013 (Investorideas.com Newswire) Investorideas.com staff: Investorideas.com, an investor research portal specializing in investing ideas in leading sectors reports on oilfield services /frac water treatment stocks and how a small Houston company, HII Technologies, (OTCQB: HIIT) is beating the odds competing against the big players dominating the sector.

According to a recent research report from Jeffries, 'Oil Services & Equipment-Over-Hauling Frac Water; U.S. Oilfield Water Recycling Review”, bigger companies in the space have the edge.
"We believe water recycling in the oil patch should grow significantly in the U.S. over the next few years, perhaps with some regulatory push. Recycling lowers well-cost vis-à-vis fresh water and enables activity in drought-prone regions. That is a boon to all of OFS except water haulers, but we think the complexity of fracking with recycled water gives the edge in pumping services to (NYSE:HAL), (NYSE:BHI) and (NYSE:SLB) over smaller peers. "
The Houston Business Journal reported on Jeffries findings on May 23 rd, in an article entitled, ' Recycled frac water: Big oilfield service companies have the edge', just days after the small Houston-based company reported its earnings.
Clearly the market is large and there is room in the frac water treatment sector for the smaller companies to thrive as companies like Schlumberger Limited (NYSE: SLB) can't or chose not to do it all.
In mid-May 2013, HII Technologies, Inc. (OTCQB: HIIT) reported financial results for the first quarter ending March 31. First quarter 2013 revenues were $2,609,773, which generated a gross profit margin of $532,292. These revenues consisted of AES Water Solutions as well as initial revenue contribution from South Texas Power and the AES Safety Services divisions, which were launched in late December 2012 and January 2013 respectively. AES Water Solutions generated revenues of $536,371 for the comparable period in 2012. Accordingly, on a pro forma basis, this represents revenue growth for AES of more than 380% for the first quarter of 2013.
Brent Mulliniks, President of AES Water Solutions stated, "We experienced good growth in the first quarter from both increased demand with existing customers and from expanded operations. AES incurred additional expenses as it established new areas of operations in the Permian Basin and the Cline Shale in West Texas as well as the Eagle Ford Shale in South Texas." Mr. Mulliniks continued, "New revenues are now being generated as a result of these expenditures."
"All three divisions, Water, Power and Safety, exceeded their revenue targets for the first quarter 2013," said Matthew Flemming, CEO of HII Technologies.
About HII Technologies, Inc.
HII Technologies, Inc. is a Houston, Texas based oilfield services company with operations in Texas, Oklahoma, Ohio and West Virginia. The Company is positioned to take advantage of the significant anticipated growth in horizontal drilling and hydraulic fracturing within the United States' active shale and unconventional "tight oil" plays by deploying new oilfield related technologies to enhance the value of services to its customers. The Company's frac water supply services subsidiary does business as AES Water Solutions, its onsite oilfield contract safety consultancy does business as AES Safety Services, and its mobile oilfield power subsidiary does business as South Texas Power (STP). Read more at www.HIITinc.com, www.AESwatersolutions.com and www.oilfield-generators.com.
Investors can research more water remediation stocks with Investorideas.com stock directories
Article source: Houston Bizjournal article: http://www.bizjournals.com/houston/ blog/drilling-down/ 2013/05/ water-recycling-to- benefit-big-service.html
About InvestorIdeas.com: Big ideas for global investors
www.InvestorIdeas.com is a meeting place for investors and public companies in leading sectors. Find investing ideas in biotech stocks, tech and mobile stocks, mining stocks, oil and gas, water stocks, renewable energy, beverage stocks, defense stocks, nanotech and more on TSX, OTC, NASDAQ and global exchanges.
Follow Investorideas.com on Twitter 
Follow Investorideas.com on Facebook 
Follow Investorideas.com News on Linkedin.com/today
Sign up for free stock alerts at Investorideas.com
Disclaimer/ Disclosure : The Investorideas.com is a third party publisher of news and research Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities.
http://www.investorideas.com/About/Disclaimer.asp
This site is currently compensated by featured companies, news submissions and online advertising. Disclosure: HIIT has compensated Investorideas.com two thousand five hundred for news publication per month /
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
800-665-0411 - Source - www.Investorideas.com

Oilfield Services / Frac Water Stock Trading Alert; HII Technologies, Inc. (HIIT) Announces First Quarter 2013 Results

HOUSTON - May 15, 2013 (Investorideas.com Newswire) HII Technologies, Inc. (the "Company") (OTCBB: HIIT), an oilfield services company headquartered in Houston, Texas, today announced financial results for the first quarter ending March 31, 2013.

As stated in the Company's Quarterly Report on Form 10-Q filed on May 15, 2013, first quarter 2013 revenues were $2,609,773, which generated a gross profit margin of $532,292. These revenues consist of AES Water Solutions as well as initial revenue contribution from South Texas Power and the AES Safety Services divisions, which were launched in late December 2012 and January 2013 respectively. AES Water Solutions generated revenues of $536,371 for the comparable period in 2012. Accordingly, this represents revenue growth for AES of more than 380% for the first quarter 2013, on a pro forma basis, from the comparable period in 2012.
For the first quarter ending March 31, 2013, the Company had Adjusted EBITDA of approximately $101,390, (EBITDA defined as earnings before interest, depreciation, amortization, non-cash stock option expenses, and one-time non-operational expense items), a non-GAAP measure. A reconciliation table of the Adjusted EBITDA is provided below. The Net Loss for the first quarter 2013 was $114,389.
Brent Mulliniks, President of AES Water Solutions stated, "We experienced good growth in the first quarter from both increased demand with existing customers and from expanded operations. AES incurred additional expenses as it established new areas of operations in the Permian Basin and the Cline Shale in West Texas as well as the Eagle Ford Shale in South Texas." Mr. Mulliniks continued, "New revenues are now being generated as a result of these expenditures."
"All three divisions, Water, Power and Safety, exceeded their revenue targets for the first quarter 2013," said Matthew Flemming, CEO of HII Technologies. "Our investments in people and equipment which used cash flow from existing operations should continue to fuel organic growth. Also, the Company continues to evaluate new technologies and potential acquisitions."
Mr. Flemming also confirmed that the Company's expansion into West and South Texas with AES Water Solutions frac water supply operations added new customers and generated additional revenues while reducing its overall customer concentration. Mr. Flemming continued, "The Company procured trailers, manifolds, and related equipment as well as sourced new labor for these strategic markets. Currently, we anticipate further growth in all three divisions in these active resource areas going forward."
As reported in the Company's Quarterly Report on Form 10-Q for the period ending March 31, 2013, Current Assets increased by approximately $796,000 to approximately $2,540,000 from the previous quarter ended December 31, 2012. The Company's Stockholder's Equity (Total Assets minus Total Liabilities) decreased by approximately $63,000 to approximately $808,000, sequentially from the previous quarter ended December 31, 2012. These balance sheet changes were the result of increased revenues and cash flow partially offset by expansion costs and other one-time expenses.
First Quarter 2013 Income Statement
The table below sets forth the Company's Statement of Operations, for the first quarter ending March 31, 2013 (in thousands):
The first quarter revenues exceeded the earlier estimate made by the Company's preliminary Q1, 2013 results press release by more than 18%. The full discussion of the Company's financial results is available within the Company's Quarterly Report on Form 10-Q filed May 15, 2013.
Adjusted EBITDA Reconciliation Table
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 EBITDA.
For more information, management's analysis of its financial information and the Company's risk factors, please read the Company's First Quarter 2013 Quarterly Report on Form 10-Q and its 2012 Annual Report on Form 10-K at the Edgar web site at www.SEC.gov and www.HIITinc.com.
Annual Meeting
HII Technologies is holding its annual stockholders meeting on Monday, June 17, 2013 in Houston, Texas. The Company is mailing a notice of meeting and proxy statement along with a copy of our annual report to all stockholders of record as of the record date April 29, 2013. A copy of the notice of meeting and proxy statement has been filed with the Securities and Exchange Commission as well. The Company will issue another press release at a later date with more details of this meeting.
About HII Technologies, Inc.
HII Technologies, Inc. is a Houston, Texas based oilfield services company with operations in Texas, Oklahoma, Ohio and West Virginia. The Company is positioned to take advantage of the significant anticipated growth in horizontal drilling and hydraulic fracturing within the United States' active shale and unconventional "tight oil" plays by deploying new oilfield related technologies to enhance the value of services it offers its customers. The Company's frac water supply services subsidiary does business as AES Water Solutions, its onsite oilfield contract safety consultancy does business as AES Safety Services, and its mobile oilfield power subsidiary does business as South Texas Power (STP). The holding company, 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 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'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 2013. 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; risks that HII may be unable to achieve the benefits expected from acquisition and disposition transactions, and risks associated with integration of the acquired operations into HII's operations; risks, in responding to changing or declining market conditions, that HII may not be able to reduce, and could even experience increases in, the costs of labor, fuel, equipment and supplies employed and used in HII's businesses; risks relating to changes in the demand for or the price of oil and natural gas; risks that HII may not be able to execute its capital expenditure program and/or that any such capital expenditure investments, if made, will not generate adequate returns; and other risks affecting HII's ability to maintain or improve operations, including its ability to maintain prices for services under market pricing pressures, weather risks, and the impact of potential increases in general and administrative expenses.
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.
Disclaimer/ Disclosure: The Investorideas.com is a third party publisher of news and research Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising.
More: http://www.investorideas.com/About/Disclaimer.asp. Disclosure: HII Technologies, Inc.: one month profile and news distribution effective March 20, 2013 with option to renew: two thousand per month
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

Investor Alert: Enterprise Group, Inc. (TSX: E) (OTC: ETOLF) Moves on First Quarter News

May 10, 2013 (www.investorideas.com newswire) Investorideas.com, an investor research portal specializing in sector research for independent investors issues an investor alert for infrastructure stock Enterprise Group, Inc.(TSX:E) (OTC:ETOLF). Yesterday the Company reported first quarter results for the period ended March 31, 2013, and its seventh consecutive quarter of profitability.

Enterprise Group, Inc. is a consolidator of construction services companies operating in the energy, utility and transportation infrastructure industries. The Company's focus is primarily utility & infrastructure construction and specialized equipment rental. The Company's strategy is to acquire complementary service companies in Western Canada, consolidating capital, management and human resources to support continued growth. Enterprise became a Western Canadian leader in flameless heat technology in September 2012 with its acquisition of Artic Therm International Ltd. and is poised to become a technological leader in underground infrastructure construction upon closing of its pending infrastructure construction acquisition
QUARTERLY HIGHLIGHTS
Net profit for the quarter surpassed not only any historical quarter but also exceeded any full fiscal year's profitability in the history of the Company.
Net income for the quarter was $3,167,000, or 34% of revenue, compared to $169,000 in the same quarter last year, an increase of $2,998,000.
Earnings per share for the quarter was $0.05 per share compared to $nil in the same quarter last year.
Revenue for the quarter increased by $5,273,000 to $8,904,000 compared to the same period last year.
EBITDAS (1) for the quarter increased by $3,306,000 to $3,901,000 or 44% of revenue, compared to the same period last year.
Gross profit for the quarter was $5,202,000 or 58.4% compared to $1,226,000 or 33.8% for the same period last year.
The Company's utilities/infrastructure construction division renewed a three year, multi-million dollar service contract with one of Canada's premier power suppliers and due to the high level of service and quality of work, this division was awarded a second contract from the same customer that is similar in size and scope. These contracts were signed in February of 2013.
The Company added depth to its management team hiring Warren Cabral, CA as Chief Financial Officer to assist with the future growth of the Company.
To assist in executing the Company's strategy, in February $1,050,000 was raised in a non brokered private placement of 4,200,000 units at $0.25 per unit. Each unit is comprised of one common share and one common share purchase warrant. Each whole warrant entitles the holder to acquire one common share at an exercise price of $0.35 for a period of six months from the closing of the offering, subject to accelerated expiry in certain circumstances.
Also in February, the Company signed a letter of intent to acquire a specialized underground infrastructure construction company for $12,000,000. This acquisition is aligned with the Company's strategy to focus on infrastructure and specialty rental operations and will assist to mitigate the seasonality of the Company's existing operations. The purchase price of the acquisition is just over two times EBITDA of the target company.
To finance this acquisition, in March the Company entered into an arrangement to raise $6,000,000 of unsecured convertible debentures. The debentures have a two year term at 6% interest and will be convertible into common shares at a price of $.50 per share.
Additionally, subsequent to the quarter end, on May 2, 2013, the Company accepted a term sheet presented by PNC Bank Canada Branch (PNC) to increase its current senior secured finance facility from $12,500,000 to a maximum of $20,000,000.
Full news: http://www.investorideas.com/news/2013/energy/05092.asp
About InvestorIdeas.com:
InvestorIdeas.com is a leader in investor stock research by sector, featuring stock news, commentary and trading alerts in leading sectors including biotech, tech, mining, energy, water, renewable energy, beverage stocks and more .
Follow Investorideas.com on Twitter http://twitter.com/#!/Investorideas
Follow Investorideas.com on Facebook http://www.facebook.com/Investorideas
Follow Investorideas.com News on Linkedin.com/today at http://www.linkedin.com/today/investorideas.com
Sign up for the free investor news and stock alerts at Investorideas.com
http://www.investorideas.com/Resources/Newsletter.asp
Become an Investorideas.com Member and access our online stock directories of publicly traded water stocks, renewable energy, mining stocks and more…
http://www.investorideas.com/membership/
Disclaimer/ Disclosure : The Investorideas.com is a third party publisher of news and research Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising. Disclosure: Investorideas.com has been compensated an average of $500 per news release distribution by the company .
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
800-665-0411 - Source - www.Investorideas.com

Oilfield Services /Frac Water Stock Trading Alert; HII Technologies (HIIT) Breaks Out of 52- Week High

Oilfield Services /Frac Water Stock Trading Alert; HII Technologies (HIIT) Breaks Out of 52- Week High 

Point Roberts WA –May 2, 2013 – (www.investorideas.com newswire, www.water-stocks.com) Investorideas.com staff: Investorideas.com, an investor research portal specializing in investing ideas in leading sectors reports on trading for oilfield services /frac water treatment stock HII Technologies, Inc. (OTCBB: HIIT). In yesterday’s trading session the stock broke through its 52-week high to close at $0.27.

The company recently announced that its preliminary unaudited results for consolidated revenue from operations for the quarter ended March 31, 2013 exceeded $2.2 million.

On a consolidated basis, the Company's revenues for the quarter ended March 31, 2013 was approximately $2.2 million, an increase of over 300% compared to the first quarter 2012 consolidated revenues of approximately $536,000.  Further, the Company's first quarter 2013 represented a 45% increase over the Company's fourth quarter 2012 revenues of approximately $1.65 million.

 HII Technologies, Inc.

HII Technologies, Inc. is a Houston, Texas based oilfield services company with operations in Texas, Oklahoma, Ohio and West Virginia.  The Company is positioned to take advantage of the significant anticipated growth in horizontal drilling and hydraulic fracturing within the United States' active shale and unconventional "tight oil" plays by deploying new oilfield related technologies to enhance the value of services to its customers.  The Company's frac water supply services subsidiary does business as AES Water Solutions, its onsite oilfield contract safety consultancy does business as AES Safety Services, and its mobile oilfield power subsidiary does business as South Texas Power (STP). Read more at www.HIITinc.com, www.AESwatersolutions.com and www.oilfield-generators.com.

Investors can research more water remediation stocks with Investorideas.com stock directories

About InvestorIdeas.com: Investor Ideas for global investors; invest in what you like!

www.InvestorIdeas.com is a meeting place for investors and public companies in leading sectors. Find investing ideas in biotech stocks, tech and mobile stocks, mining stocks, oil and gas, water stocks, renewable energy, beverage stocks, defense stocks, nanotech and more on TSX, OTC, NASDAQ and global exchanges.  

The Investor Ideas newswire is a news source on Google news, Google Currents and Linkedin.com/Today news. Investorideas.com newswire is now available as a free mobile app for iPhone orAndroid.  Go here  or here for link

Follow Investorideas.com on Twitter 

Follow Investorideas.com on Facebook 

Follow Investorideas.com News on Linkedin.com/today

Sign up for free stock alerts at Investorideas.com

Become an Investorideas.com Member and access our online stock directories listing thousands of publicly traded stocks in over 14 leading sectors  

Disclaimer/ Disclosure : The Investorideas.com is a third party publisher of news and research Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities.

http://www.investorideas.com/About/Disclaimer.asp

This site is currently compensated by featured companies, news submissions and online advertising. Disclosure: HIIT has compensated Investorideas.com two thousand for news publication per month /

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

800-665-0411 - Source – www.Investorideas.com