NGV Investor
Oil & gas, small-cap, long-term horizon

Hexagon Composites - Greater Upside And Reduced Uncertainty After Announcing New LPG Cylinder Orders

On April 22 and April 23, Hexagon Composites (OTC:HXGCF) announced two substantial orders for composite LPG cylinders. You can find the April 22 release here and the April 23 release here. Please note that the release issued on April 22 stated that the order value is USD 12.7 million. This was a typo, and was later corrected to EUR 12.7 million.

I have summarized the two releases below:

April 22

    One of the largest orders ever received by Hexagon Ragasco. Order value of NOK 104 million, or approx. $17.3 million. The customer is WOQOD, the Qatari fuel distribution company, which has exclusive rights to distribute various fuels in Qatar. WOQOD has been a long-standing customer of ...
Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details