HNRC INTENDS TO BE DEBT FREE AND ACQUIRE INCOME PRODUCING AS The Company's net asset value is $4.00 per share for the period ending September 30, 2021.
According to industry research, the S&P 500 Integrated Oil & Gas Index, forward earnings, & valuation between 8x and 14x forward earnings. This would imply a target value for HNRC of between $6.00 per share and $10.00 per share based on its projected earnings.
The company intends to continue to focus on acquiring companies in the energy industry. The focus is to acquire and manage mature natural gas and oil properties to generate cash flows and provide stability and growth for the long-term benefit of our stakeholders.
This is in addition to the company acquiring additional wastewater treatment facilities and technologies to improve the provide for a nationwide network for wastewater treatment.
The company is also looking at waste-to-energy ("WTE") opportunities which is the process of generating energy in the form of electricity and/or heat from the primary treatment of waste, or the processing of waste into a fuel source. WTE is a form of energy recovery. Most WTE processes generate electricity and/or heat directly through combustion, or produce a combustible fuel commodity, such as methane, methanol, ethanol or synthetic fuels. In addition to traditional energy opportunities, the company is also evaluating renewable energy projects.
The company intends to finance the acquisitions through traditional financing sources and through the sponsoring of special purpose acquisition corporations focused on energy and energy transition projects with capital of between $50 million and $150 million.
https://www.prnewswire.com/news-releases/hnrc-intends-to-be-debt-free-and-acquire-income-producing-assets-301469849.html