#Oil and #Gas News- FOOTHILLS EXPLORATION INC. (OTCQB: $FTXP) ANNOUNCES MOU TO ACQUIRE ~16,387 NET ACRES IN WYOMING’S WIND RIVER BASIN
LOS ANGELES, March 26, 2019 – Foothills
Exploration, Inc. (OTCQB:
FTXP) (the “Company,”
or “Foothills”), an independent oil and gas exploration company engaged in the
acquisition and development of oil and natural gas properties in the Rockies today
announced that it has executed a memorandum of understanding for the
acquisition of approximately 16,387 net acres of undeveloped oil and gas leases
in the Wind River Basin in Wyoming.
"We look forward to closing on our
second transaction this year, which following acquisition will complement our
existing portfolio," stated Kevin Sylla, Executive Chairman of
Foothills." “This intended acquisition
will add to our exploration inventory and provide us with prized high impact
drilling projects for the future. The
near-term focus is on the geological and geographical delineation of this large
continuous position.”
The Wind River Basin contains over 60
large oil and gas fields producing from 17 different geological formations. The
leases are located in Fremont County, Wyoming. The Paleozoic aged section is the primary
objective, and the Phosphoria, Tensleep, Madison and Flathead Formations of the
Paleozoic have yielded significant oil production in a number of regional
fields down dip to the west, updip to the south and along structural trends
farther to the west-northwest.
Foothills’ acreage is located in this
large undrilled area and is along the eastern flank of a deeper sub basin in
the Wind River Basin proper, where a deep structural deposit called the Beaver
Creek field has produced approximately 71.7 million barrels of oil and
906,473,338 MCF of gas.The Big Sand
Draw field, updip to the south, has produced some 60.8 million barrels of oil
and 214,923,203 MCF of gas from multi-pay horizons generally in the Frontier,
Muddy, Lakota, Morrison, Phosphoria, Tensleep and Madison formations.
We currently expect this transaction to
close on or about March 28, 2019, subject to the completion of the Company’s
due diligence.
About the Company
Foothills Exploration, Inc. is a growth
stage oil and gas exploration and production (E&P) company with a focus on the
acquisition and development of undervalued and underdeveloped properties in the
Rockies.The Company’s principal assets
are located across well-established plays in the U.S. Rocky Mountain
region.For additional information
please visit the Company’s website at www.foothillspetro.com.
Forward-Looking Statements
This
release includes ''forward-looking statements'' within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Forward-looking statements give our current
expectations, opinions, belief or forecasts of future events and performance. A statement identified by the use of
forward-looking words including ''will,'' ''may,'' ''expects,'' ''projects,''
''anticipates,'' ''plans,'' ''believes,'' ''estimate,'' ''should,'' “could,” “proposed”
and certain of the other foregoing statements may be deemed forward-looking
statements. These statements are subject
to risks and uncertainties and are based on the beliefs and assumptions of
management, and information currently available to management. Although
Foothills believes that the expectations reflected in such forward-looking
statements are reasonable, these statements involve risks and uncertainties
that may cause actual future activities and results to be materially different
from those suggested or described in this news release. In particular, statements, express or implied,
concerning our future operating results and returns or our ability to acquire
or develop proven or probable reserves, our ability to replace or increase
reserves, increase production, or generate income or cash flows are
forward-looking statements. All
forward-looking statements should be evaluated with the understanding of their
inherent uncertainty. Factors that could
cause the Company's actual results to differ materially from those expressed or
implied by forward-looking statements include, but are not limited to: risks
inherent in natural gas and oil drilling and production activities, including
risks of fire, explosion, blowouts, pipe failure, casing collapse, unusual or
unexpected formation pressures, environmental hazards, and other operating and
production risks, which may temporarily or permanently reduce production or
cause initial production or test results not to be indicative of future well
performance or delay the timing of sales or completion of drilling operations;
delays in receipt of drilling permits; risks with respect to natural gas and
oil prices, a material decline which could cause Foothills to delay or suspend
planned drilling operations or reduce production levels; risks relating to the
availability, timing and cost of capital to fund drilling operations that can
be adversely affected by adverse drilling results, production declines and
declines in natural gas and oil prices; risks relating to unexpected adverse
developments in the status of properties; risks relating to the absence or
delay in receipt of government approvals or third party consents; the Company's
ability to identify, finance and integrate recent or future acquisitions; the
volatility of the Company's stock price; and other risks described in
Foothills' Annual Report on Form 10-K and other filings with the SEC, available
at the SEC's website at www.sec.gov. Investors
are cautioned that any forward-looking statements are not guarantees of future
performance and actual results or developments may differ materially from those
projected. The forward-looking
statements in this press release are made as of the date hereof. The Company takes no obligation to update or
correct its own forward-looking statements, except as required by law, or those
prepared by third parties that are not paid for by the Company.
This
news is published on the Investorideas.com Newswire – News that Inspires big
ideas
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Investor Ideas Adds Recent #Nasdaq IPO Stocks- Biotech, China-Asia and Energy Sectors – ($KLDO), ( $INMB), ( $SXTC), ( $MDJH)
( $MTC), ( $NFE)
Point Roberts, WA, Delta BC – March 22, 2019 – (Investorideas.com Newswire) Investorideas.com, a global news source and leading investor resource announces this week’s additions to its global stock directories in biotech, China-Asia and energy.
Investorideas.com is a go-to destination for retail investors and tracks companies in high-profile trading sectors and makes ongoing additions to its stock directories for its followers and members.
All new additions this week are recent Nasdaq IPO’s and include biotech, energy, and China-based companies.
New biotech stocks are clinical stage biotechnology companies involved in treatments using microbiomes and the innate immune system, respectively.
The latest China stocks include a cross-over into the life sciences sector of our biotech stocks directory, a fintech company and a real estate services company.
The newest energy company is involved in the natural gas infrastructure sector.
New Biotech Companies
Kaleido Biosciences, Inc. (NasdaqGS:KLDO) is a clinical-stage healthcare company with a differentiated, chemistry-driven approach to leveraging the potential of the microbiome organ to treat disease and improve human health. The Company has built a human-centric proprietary product platform to enable the rapid and cost-efficient discovery and development of novel Microbiome Metabolic Therapies (MMT™). MMTs are designed to modulate the metabolic output and profile of the microbiome by driving the function and distribution of the organ’s existing microbes. Kaleido is advancing a broad pipeline of MMT candidates with the potential to address a variety of diseases and conditions with significant unmet patient needs.
INmune BIO, INC. (NasdaqCM:INMB) is a publicly traded, clinical-stage biotechnology company developing therapies targeting the innate immune system to fight disease. INmune Bio is developing three product platforms: two products that reengineer the patient’s innate immune system’s response to cancer and one product to treat neuroinflammation that is currently focused on Alzheimer’s disease. INKmune is a natural killer (NK) cell therapeutic that primes the patient’s NK cells to attack minimal residual disease, the remaining cancer cells that are difficult to detect, which often cause relapse. INB03 inhibits myeloid derived suppressor cells (MDSC), which often cause resistance to immunotherapy, such as anti-PD-1 checkpoint inhibitors. XPro1595 targets neuroinflammation, which causes microglial activation and neuronal cell death. INmune Bio’s product platforms utilize a precision medicine approach for the treatment of a wide variety of hematologic malignancies, solid tumors and chronic inflammation
New China/Asia Companies
CHINA SXT PHARMACEUTICALS, INC. (NasdaqCM:SXTC) is an innovative pharmaceutical company based in China focusing on the research, development, manufacture, marketing and sales of traditional Chinese medicine tablets (the “TCMP”).
MMTEC, INC. (NasdaqCM::MTC) is a technology company in providing access to the US markets on an omnibus and DVP basis. The core business of MMTEC, INC. is to provide comprehensive, Internet-based technology services and solutions to the China local hedge funds, mutual funds, registered investment advisors, proprietary trading groups, and brokerage firms engaging in securities market transactions and settlements globally. We help these financial institutions to accelerate their integration into the overseas market by offering complete suite trading solutions, including services such as fund establishment, issuance, custody, transaction and settlement.
MDJM LTD (NasdaqCM:MDJH) is an emerging, integrated real estate services company in China. The Company offers primary real estate agency services to real estate developers including integrated marketing planning, advertising planning and strategy. The Company also provides real estate consulting services and independent training services on an as needed basis. Currently, the Company’s primary market is the Tianjin Autonomous Municipality and since 2014 the Company has expanded its market presence to other cities including Chengdu, Suzhou, and Yangzhou. Through two major development businesses, Xishe and Xishe Xianglin, coupled with existing core business, MDJM promotes the integration of urban and rural lifestyle services.
New Energy Companies:
NEW FORTRESS ENERGY LLC (NasdaqGS: NFE) is a global energy infrastructure company founded to help accelerate the world’s transition to clean energy. The company funds, builds and operates natural gas infrastructure and logistics to rapidly deliver fully integrated, turnkey energy solutions that enable economic growth, enhance environmental stewardship and transform local industries and communities. New Fortress Energy is majority-owned by a fund managed by an affiliate of Fortress Investment Group
The directories are not meant as recommendations but as a research tool to discover opportunities and trading ideas in a particular sector.
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Additional info regarding BC Residents and global Investors: 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: https://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.
#AI Tech Increasingly Leveraged in the Oil & Gas Industry; (NASDAQ: $NVDA) (TSXV: $MCLD.V) (OTCQB: $MCDLP) (NYSE: $ACN) (NYSE: $RDS_A)
Point Roberts WA, Vancouver BC – February 28, 2019 – Investorideas.com, a global investor news source covering Artificial Intelligence issues a special edition of The AI Eye, looking at advancements in artificial intelligence in 2019 and beyond.
Artificial Intelligence (AI) technology is penetrating many industry verticals in various ways, and the oil & gas sector is no exception. Recent data from market research site Mordor Intelligence reveals that the AI in the oil & gas market will exhibit a compound annual growth rate (CAGR) of 12.14 percent from 2018-2023. And as the technology improves, the array of applications correspondingly increases, ranging from “streamlining the overall production process” to “controlling the wastage across the endpoints”.
An instance of a comprehensive AI solution in the space is the collaboration between NVIDIA Corporation (NasdaqGS:NVDA) and Baker Hughes, a GE Company. A blog post from NVIDIA claims that the two companies’ partnership “spans the operations of oil companies. And it does so using the full breadth of our AI solutions”.
This includes NVIDIA DGX-1 AI supercomputers in data centers for model training; NVIDIA DGX Stations for supercomputing at the desk side — or even on remote offshore platforms where bandwidth is limited; and NVIDIA Jetson AI supercomputers-on-a-module for real-time, continuous deep learning and inferencing at the edge.
More recently, Universal mCloud Corp. (TSXV:MCLD.V) (OTCQB:MCLDP), an AI Analytics, IoT connected asset care cloud solution company, signed a three-year global licensing agreement with Fulcrum Automation Technologies Ltd to deploy the former’s AssetCare platform in the oil, gas, and refining industries, targeted at $15 million USD. According to their website, mCloud’s AssetCare works “through a combination of AI-driven control and optimization, and mobile asset management capabilities delivered on smartphones, tablets, and digital eyewear”. Explaining the platform, mCloud President and CEO Russ McMeekin said:
"We created AssetCare with the objective to serve a diverse portfolio of critical assets. The application of AssetCare in the oil, gas and refining markets presents a strong opportunity for mCloud to broaden its reach, achieve higher margins and address the industry's need for deep energy analytics. mCloud will leverage its Founders' decades of experience working with many of the global Fortune 50 companies in the market and will greatly benefit from Fulcrum's strong presence in the industry."
Accenture (NYSE:ACN), which boasts over 40 years of collaboration with software company SAP SE, recently announced plans to co-develop the latter’s SAP S/4HANA Cloud solution designed to help oil and gas companies significantly cut operational costs and create new revenue opportunities. According to the announcement, the SAP S/4HANA is a: “portfolio of intelligent cloud services that set new industry standards with more transparency into operations and cash flow through cutting-edge technologies including artificial intelligence (AI), mobility and blockchain”.
Frank Westerhof, general manager of Enterprise Platforms at Shell (NYSE:RDS-A), who are providing input for the cloud solution said:
“Delivery of oil and gas industry requirements within SAP S/4HANA Cloud will enable us to accelerate our strategy towards a standard SaaS ERP platform. We are very happy to see SAP collaborate with Accenture to develop these industry requirements, given Accenture’s 40 years of experience in the oil and gas industry.”
And Shell, one of the five biggest oil & gas companies in the world, have themselves had considerable involvement with AI. A report from the Wall Street Journal last year said Shell: “will use technology from C3 IoT and Microsoft Corp.’s Azure to predict when maintenance is needed on compressors, valves, and other equipment; help steer drill bits through shale deposits; and improve the safety of employees and customers. Shell also is using artificial intelligence tools from Bonsai, a company Microsoft bought earlier this year that builds software to help computers run autonomously”.
Like many other industry verticals, AI is advancing in the oil & gas sector with considerable speed and vigor, and even from within the industry, as with Shell.
About Investorideas.com - News that Inspires Big Investing Ideas
Investorideas.com is a recognized news source publishing third party news and press releases plus we create original financial content. Learn about investing in stocks and sector trends from Investorideas.com with our news alerts , articles ,podcasts and videos talking about cannabis, crypto, technology including AI and IoT , mining ,sports biotech, water, renewable energy and more . Investorideas.com original branded content includes the dailyCrypto Corner and Podcast,Play by Play sports and stock news column,Investor Ideas #Potcasts #Cannabis News and Stocks on the Move podcast and column, Cleantech and Climate Change Podcast and theAI Eye Podcast and column covering developments in AI.
Disclaimer/Disclosure:. Our site does not make recommendations for purchases or sale of stocks, services 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 for news publication and distribution, social media and marketing, contents creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Disclosure: More disclaimer info: This article featuring mCloud Corp. is a paid for article on Investorideas.com ( third party) https://www.investorideas.com/About/Disclaimer.asp ,
#OilandGas
Stock News; FOOTHILLS EXPLORATION (OTCQB: $FTXP) @Foothills_FTXP ANNOUNCES
FORMATION OF ADVISORY BOARD AND APPOINTMENT OF DANIEL KUNZ AS INAUGURAL MEMBER
LOS
ANGELES, CA, February 26, 2019 – (Investorideas.com Newswire) Foothills
Exploration, Inc. (OTC.QB: FTXP) (the
“Company,” or “Foothills”), an independent oil and gas exploration company
engaged in the acquisition and development of natural gas and oil properties in
the Rockies today announced the formation of an independent Board of Advisors
(“Advisory Board”) and the appointment of Daniel Kunz as its inaugural member.
“We
believe that Mr. Kunz’s extensive public company experience and his knowledge
of the natural resources industry, combined with his familiarity of global
capital markets, will bring tremendous value to the Company and aid in our
success,” said Kevin Sylla, the Company’s Executive Chairman. “We hope to leverage
Mr. Kunz’s international experience and business acumen as we continue to
analyze and evaluate new opportunities”, added Sylla. “The formation of an
Advisory Board extends the focus of both the Board and management, as we work
to build a portfolio of quality natural gas and oil assets with valuable
reserves and significant development potential,” continued Sylla. "Each
member of the Advisory Board will bring incredible knowledge and experience,
producing an immediate impact on Foothills.
This
signals our continued commitment to grow the Company, which is capable of
creating significant shareholder value, by bringing the brightest minds and
best talent available to maximize our strategy of acquiring new properties,
with a particular focus on natural gas," ended Sylla.
FTXP Advisory Board
The
Advisory Board’s primary purpose is to provide senior management and the Board
of Directors with strategic advice on the implementation and execution the
Company’s natural gas acquisition strategy and the pathway to eventually up-listing
to the Nasdaq or NYSE. The Advisory Board will also provide advice and recommendations
to senior management and the Board of Directors regarding strategy and
opportunities to enhance value. The Advisory Board will be comprised of at
least three independent members, each with extensive natural resources and
capital markets experience, to serve as resources that will allow the Board of
Directors to make more effective business decisions.
About Daniel Kunz
Daniel
Kunz has more than 25 years’ experience navigating the complexities of global financial
markets, while significantly growing shareholder value. Mr. Kunz has a
distinguished career in national and international construction, engineering,
geothermal energy, mining and natural resource development. He has extensive senior
management and corporate governance experience with public companies. Mr. Kunz
is currently Managing Partner of Daniel Kunz & Associates, LLC, a natural resource-focused
consulting firm and he is also a member of the board of directors of several
natural resource exploration and development companies, including chairman of
the audit committee of Silver Bull Resources, Inc. (OTCMKTS: SVBL).
From
its inception in 2003 until mid 2013, Mr. Kunz served as President, Chief
Executive Officer and Director of U.S. Geothermal, Inc., which was recently acquired
by Ormat Technologies (NYSE: ORA) for $110 million. U.S. Geothermal, Inc. is an
independent power producer with three owned and operated binary-cycle plants that
produce 45 MWs of base load power. As a founder of and key investor in U.S.
Geothermal, Mr. Kunz positioned the company for growth in clean electric power
generation, hired and led an operating team that constructed the first
commercial geothermal power plant in Idaho and the Pacific Northwest, and grew
the company into a profitable, sustainable enterprise.
During
the mid 1990s to the mid 2000s, Mr. Kunz was a senior executive and then President
and director of Ivanhoe Mines, Ltd., now called Turquoise Hill Resource Ltd
(NYSE: TRQ), and was part of the management team that discovered Oyu Tolgoi in
Mongolia, one of the world’s largest copper-gold deposits. During Mr. Kunz’s nearly
8-year tenure at Ivanhoe, the market capitalization value increased from $400
million to $4 billion.
In
1995, the University of Montana Tech (formerly the Montana College of Mineral
Science and Technology) named Mr. Kunz as a Distinguished Alumni of the Year.
He earned B.Sc. in Engineering Science from Montana Tech and an MBA from Boise
State University.
About the Company
Foothills
Exploration, Inc. is a growth stage oil and gas exploration and production
(E&P) company with a focus in the acquisition and development of undervalued
and underdeveloped properties in the Rockies. The Company’s principal assets
are located across well-established plays in the U.S. Rocky Mountain region. For
additional information please visit the Company’s website at www.foothillspetro.com.
Forward-Looking
Statements
All
statements, other than statements of historical facts, included in this release
that address activities, events or developments that we expect, believe or
anticipate will or may occur in the future are forward-looking statements. These
statements are based on certain assumptions we made based on management's
experience, perception of historical trends and technical analyses, current
conditions, capital plans, drilling plans, production expectations, our ability
to raise adequate additional capital, or enter into other financing
arrangements to support our acquisition, development and drilling activities,
anticipated future developments, and other factors believed to be appropriate
and reasonable by management. When used in this release, words such as
"will," “possible,” "potential," "believe,"
"estimate," "intend," "expect," "may,"
"should," "anticipate," "could,"
"plan," "predict," "project,"
"profile," "model," "strategy,"
"future" or their negatives or the statements that include these
words or other words that convey the uncertainty of future events or outcomes,
are intended to identify forward-looking statements, although not all forward-looking
statements contain such identifying words. In particular, statements, express
or implied, concerning our future operating results and returns or our ability
to acquire or develop proven or probable reserves, our ability to replace or
increase reserves, increase production, or generate income or cash flows are
forward-looking statements.
Forward-looking
statements are not guarantees of performance. Such statements are subject to a
number of assumptions, risks and uncertainties, many of which are beyond our
control. While forward-looking statements are based on assumptions and analyses
made by us that we believe to be reasonable under the circumstances, whether
actual results and developments will meet our expectations and predictions
depend on a number of risks and uncertainties which could cause our actual
results, performance, and financial condition to differ materially from our
expectations. As a result, no assurance can be given that these assumptions are
accurate or that any of these expectations will be achieved (in full or at all)
or will prove to have been correct. We have had sporadic and limited revenue
and our securities are subject to considerable risk. Investors are cautioned to
review FTXP’s filings with the Securities and Exchange Commission for a
discussion of risk and other factors that affect our business. Any
forward-looking statement made by us in this news release speaks only as of the
date on which it is made. Factors or events that could cause our actual results
to differ may emerge from time to time, and it is not possible for us to
predict all of them. We undertake no obligation to publicly update any
forward-looking statement, whether as a result of new information, future
development or otherwise, except as may be required by law.
This news is
published on the Investorideas.com Newswire – News that Inspires big ideas
Disclaimer/Disclosure:
Investorideas.com is a digital publisher of third party sourced news, articles
and equity research as well as creates original content, including video,
interviews and articles. Original content created by investorideas is protected
by copyright laws other than syndication rights. Our site does not make
recommendations for purchases or sale of stocks, services 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 for news publication and
distribution, social media and marketing, content creation and more. Contact
each company directly regarding content and press release questions. Disclosure
is posted for each compensated news release, content published /created if
required but otherwise the news was not compensated for and was published for
the sole interest of our readers and followers. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp.
Disclosure thisnews is a paid for news
release on the Investorideas.com newswire by Foothills Exploration, Inc.Learn more about costs and our newswire
service https://www.investorideas.com/News-Upload/
Additional
info regarding BC Residents and global Investors: 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: https://www.bcsc.bc.ca/release.aspx?id=6894. Global
investors must adhere to regulations of each country.
#Oil Services #Stocks - Enterprise Group (TSX: $E.TO): Don't Freeze LNG out of your Portfolio.
(See how I did that?)
November 6, 2018 (Investorideas.com Newswire) The following article/commentary is released on Enterprise Group, Inc. (TSX: E).
After Petronas et al rolled a frag grenade under the massive LNG Project in 2017 due to low prices, all is forgiven and earlier this month the group decided that a lot of LNG will flow out of Kitimat BC by the middle of the 2020's. As massive as this project is, it is likely only the first in a dozen megaprojects well into mid-century.
The main players; Royal Dutch Shell, Mitsubishi Corp., the Malaysian-owned Petronas, PetroChina Co. and Korean Gas Corp, have agreed to the $40-billion joint venture. A 670-kilometer pipeline delivering natural gas from the northeast corner of the province further includes a gas liquefaction plant in Kitimat on B.C.'s coast. Rather than drone on, here is an excellent Visual Capitalist piece that is pretty skookum.
TransCanada will build the 420-mile transport pipeline from Dawson Creek BC to Kitimat BC at the cost of $6.2 billion. First gas should flow pre 2025 just as China's gas needs enter the multi-decade growth
According to our 2H Global LNG Outlook, imports of LNG will set a new record this year on the back of a robust 8.5% growth- demand will reach 308MMtpa this year, up from 284MMtpa in 2017.... By 2030, 450MMtpa of LNG is needed, driven by Asia, which accounts for 86% of total growth. See the BNEF video on the Gas Markets Global: The Rise of LNG
Huge Opportunity? Sure. But Think Small.
Many opportunities abound in the LNG sector. Many companies don't even touch LNG: But without these specialized service companies, LNG ceases even to be viable.
Step One. Demand.
YoY, China gas import growth rose 52% to mid-2018. As more Asian demand at 1.6% per year to 2022 is moderate, demand starts ramping up nicely around that year. Until then, the play is likely construction and infrastructure companies. There will plenty of time to look at production estimates for post-2022, but if facilities, pipelines aren't built, it could get pretty lonely. And unprofitable.
If You Build It.
If a fraction of the dozen projects are built-Kitimat is the only one approved so far; the best leverage is in the smaller, specialized companies. They not only survived the ugliness that was the business climate in Western Canada but are stronger and the key to the economy of the west of Canada.
Step Two. Introducing Three Small but Key LNG Players (In no particular order)
Entrec has massive trucks and hauling capacity. Likely all one needs to know. Business is simple but critical.
With Management and Board holding north of 50% of the shares, ENT's number of offices throughout critical areas -including Kitimat-is enticing. Add in the deep discount of 66% of NAV (C$0.58), and there are several potentialities for investors. $20 million market cap. Here's the Investor Deck.
"Given that we have a strong presence in the LNG area, including Kitimat, we are maximizing our efforts to win business," said Jason Vandenberg, CFO, and IR for ENTREC." We will benefit from both the construction of the LNG Facility and ancillary infrastructure as well as from increased natural gas exploration and production in NE BC and NW Alberta, where we are also well positioned."
Macro's core business is providing pipeline and facilities construction and maintenance services to major companies in the oil and gas industry within Canada.
At a market cap near C$85 million, Macro is the big of the smalls. It is hip deep in the area.
The Company was recently awarded a contract for the construction of the Groundbirch Compressor Station; a two-unit greenfield compressor station located near Dawson Creek, B.C. that is part of the NOVA Gas Transmission Ltd. ("NGTL") North Montney Mainline Project. NGTL is a wholly owned subsidiary of TransCanada Pipelines Limited.
Services include civil work, fabrication, and installation of piping and structural steel, coating, testing and commissioning as well as the installation of compression, pumping and process equipment.
The lump-sum contract value is more than $37.0 million. The shares showed the most 52-week volatility of three. And the most significant gains, depending on your trades of course.
Between December 2017 and May 2018, Enterprise's share price accomplished a stand-up double. From C$.30 to C$0.63. The Company made it a priority to keep shareholders informed, reducing debt to $0 and focusing the business into the go-to for mobile power, dryers, full camp builds, etc.
E continues to successfully execute its strong corporate mandate to be the largest specialized equipment rental and services organization, providing critical site infrastructure and services in Western Canada and beyond.
"Several factors led us to conclude that approval this LNG project would resolve right about now," stated Des O'Kell SVP of Enterprise. " Clues abounded as the related activity from Kitimat to Fort St. John; such as negotiations with First Nations, equipment plans and increased office leasing. The reality is that early exposure to this development trend is key; with a focused eye on commodity prices. Viewing this project as an initial LNG 'tap' to Asia heralds massive expansion potential; growing and enhancing Western Canada's energy exports for decades."
Step Three: Leverage
Investors are more than welcome to buy the significant plays, but as with most things, the suppliers to the project(s) will likely be the quarterly canary in the coal mine, developmentally and future growth. And as each grows their reps, they will probably get the first call for new projects.
This period will likely be volatile for the above companies (TRP as well)and not for the faint of heart. But probably worth a bit of your portfolio allocation. Why? Because there is only one truism in investing:
Fortune Favors the Bold and merde happens.
Faites Vos Jeux, mes amis.
For further Enterprise news and corporate updates, and to speak directly with the #management team, join the Enterprise "Investor Group on 8020 Connect http://bit.ly/2FNPjyk
Article source – Baystreet.ca
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