Marlin Is Moving Forward With Crude Oil Logistics For Future Growth
- Marlin Midstream is taking advantage of its two crude oil transloading facilities, which include five crude oil transloaders.
- Marlin Midstream has been instrumental in growing its crude oil transloader business at a remarkable rate, accumulating $3.4 million in revenue for the first quarter of this year's operation.
- During 2013, the company eliminated quite a bit of debt to the tune of almost $120 million, and is currently only holding $4 million in debt on its balance sheet.
- Marlin Midstream is currently trading slightly under its IPO price of $20.00 and 5 percent above its 50-day moving average.