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Houston Based Oilfield Services /Frac Water Stock HII Technologies (OTCQB: HIIT) Beats Odds Against Industry Leaders
Houston Based Oilfield Services /Frac Water Stock HII Technologies (OTCQB: HIIT) Beats Odds against Industry Leaders
"All three divisions, Water, Power and Safety, exceeded their revenue targets for the first quarter 2013," said Matthew Flemming, CEO of HII Technologies
Point Roberts WA - June 7, 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 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 23rd, 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
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BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894
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Chinese Social Media Stocks Investor Alert: ( TCTZF), (UMEWF), (BIDU), (RENN)
Chinese Social Media Stocks Investor Alert: ( TCTZF), (UMEWF), (BIDU), (RENN)
Point Roberts WA- May 28, 2013 - (www.investorideas.com newswire, ) Investorideas.com staff: Investorideas.com, an investor research portal specializing in sector research for independent investors issues an alert for Chinese social media stocks
Tencent Holdings Ltd. (TCTZF), (SEHK 00700) services include QQ, Weixin and WeChat for communications; Qzone for social networking; QQ Game Platform for online games; QQ.com for information; as well as our eCommerce open platform.. The company reported first quarter results May 15th . Total revenues were RMB13,547.6 million (USD2,161.1million[1]), an increase of 11.5% over the fourth quarter of 2012 ("QoQ") or an increase of 40.4% over the first quarter of 2012 ("YoY"). The stock has made some big moves for investors in the past month, with a low range of just under $30 to trading as high as $40 and now currently trading at $38.
UMeWorld Limited (OTC: UMEWF) recently announces the launch of its newly redesigned website, UMeLook.com . The stock moved from under .40 to currently trading at .$0.48 on the news. UMeWorld's mission is to facilitate the interaction between people -- "You" and "Me," through its digital platform. Currently, UMeWorld operates UMeLook (umelook.com), an online video platform focused on bringing foreign video content to China. UMeLook is deployed through a sophisticated CDN (Content Delivery Network) with broad coverage throughout mainland China, Hong Kong & Taiwan. UMeLook plans to be a source of foreign video content for the Chinese viewer across any Internet-enabled device in China. UMeWorld intends to focus its future operations on digital media and the digital education market.
Baidu, Inc. (NasdaqGS: BIDU) is trading at $98.07, gaining $1.62(1.68%) as of 10:45AM EDT on over 2 Million shares. On May 7th they announced the acquisition of the online video business of leading Internet video provider PPS for US $370 million.
Baidu and PPS expect the transaction to close in the second quarter of 2013, subject to customary closing conditions. Upon completion of the transaction, the PPS online video business will be consolidated into Baidu's financial statements. PPS's online video business will be merged with Baidu's own video platform iQiyi.
Renren Inc. (NYSE: RENN) is trading at $3.0597, gaining 0.0797(2.67%) as of 10:49AM EDT this morning over 1 Million shares. The company, a leading real-name social networking internet platform in China, reported its unaudited financial results for the first quarter ended March 31, 2013 earlier this month. Total net revenues were US$46.6 million, a 45.2% increase from the corresponding period in 2012.
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BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894
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Solar Stocks Snapshot ; Solar City (SCTY), XsunX, Inc. (OTCQB: XSNX), Canadian Solar (CSIQ), LDK Solar (LDK)
Solar Stocks Snapshot ; Solar City (SCTY), XsunX, Inc. (OTCQB: XSNX), Canadian Solar (CSIQ), LDK Solar (LDK)
Solar City (Nasdaq:SCTY) Closes up 26% in Friday's Session
Point Roberts WA - May 20 , 2013 - (www.investorideas.com newswire) , Investorideas.com staff: Investorideas.com, an investor research portal specializing in investing ideas in leading sectors including renewable energy stocks issues a snapshot for solar stocks for last week's trading session.
SolarCity Corporation (NasdaqGM: SCTY) closed strong in Friday's session, ending at $45.00, gaining 9.31 or 26.09% on over 7/8 million shares.
The company announced a lease financing agreement with Goldman Sachs (GS) to fund more than $500 million in solar power projects; an estimated 110 megawatts in generation capacity for homeowners and businesses.
Last week XsunX, Inc. (OTCQB: XSNX), the developer of CIGSolar®, a patent-pending technology for the mass production of CIGS solar cells that offers a capital-efficient, low-cost alternative to the use of silicon solar cells, announced that the Dr. John R. Tuttle had joined the Company's Advisory Board. "John's extensive entrepreneurial background and comprehensive knowledge of the Cleantech industry is the perfect addition to XsunX at just the right time," stated XsunX CEO, Tom Djokovich. The stock traded above average volume on the news.
Canadian Solar Inc. (NasdaqGS: CSIQ) closed Friday at $7.84, gaining 0.76 or 10.73% on volume of 2,933,898 shares. Last week the company announced the successful expansion of its partner Romano Sustainable Solutions in Africa. Romano, a pioneer company in the South African photovoltaic (PV) industry, was recently awarded the engineering, procurement and construction (EPC) contract for a 360 kW PV solar system installation. The roof top installation will be on the Johannesburg headquarters of Eskom, the largest producer of electricity in Africa.
LDK Solar Co., Ltd. (NYSE: LDK) closed Friday at $1.52, up 0.14 or 10.14% on
3,431,009 shares. On Thursday they announced signing a wafer supply contract with Realforce Power Co., Ltd, a photovoltaic (PV) company located in Shandong Province, China. Under the terms of the agreement, LDK Solar will provide 120 million 6-inch wafers, totalling approximately 500 megawatts (MW), with shipments commencing in May 2013 through December 2014
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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. Disclosure: Investorideas has been compensated by XSNX for news distribution for one month: two thousand dollars
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BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar
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