Par Petroleum Corporation (OTC: PARR), Enservco (OTC: ENSV) and EcoloCap Solutions Inc. (OTC: ECOS) are our new stock reports for today.
Par Petroleum Corporation (OTC: PARR) is a Houston-based company that manages and maintains interests in a wide variety of energy-related assets. Par is a financially strong company with an active, opportunistic growth strategy. We look for operations with strong fundamentals and great employees who can move the business forward. Par's management team has deep experience in the energy industry and acquiring and integrating energy-related business and assets.
On September 25 PARR announced that its subsidiary, Hawaii Pacific Energy, LLC ("HPE"), has completed its purchase of Tesoro Hawaii, LLC from Tesoro Corporation. The purchase price is comprised of $75 million in cash plus market value of net working capital and a contingent earnout payment of up to $40 million.
For our complete article on PARR please go here: http://tinyurl.com/otcmagic-par-petro
Enservco (OTC: ENSV) has emerged as one of the energy service industry's leading providers of hot oiling, acidizing, frac heating and fluid management services. The Company owns and operates a fleet of more than 230 specialized trucks, trailers, frac tanks and related well-site equipment. ENSERVCO serves customers in six major domestic oil and gas fields, and operates in Colorado, Kansas, Montana, New Mexico, North Dakota, Oklahoma, Pennsylvania, Ohio, Texas, Wyoming and West Virginia.
For our complete article on ENSV please go here: http://tinyurl.com/otcmagic-enservco
EcoloCap Solutions Inc. (OTC: ECOS) is focused on technology that utilizes advanced nanotechnology to design, develop, manufacture and sell alternative energy products.
On November 6 ECOS announced that they expect to Finalize Testing on 60 kW CAT Diesel Genset in Detroit by Mid-November.
Michael Siegel, President and CEO of EcoloCap stated: "By the end of November we should finish testing of the 25% water blend M-Fuel on a 60kW CAT Genset as a follow-up to our preliminary test of a few weeks ago. We expect to show a 22% + reduction in diesel consumption and a minimum 85% reduction in particulate emissions, which surpasses the minimum expectations of our client for the electricity generation market. To estimate the size of this market, over 1 trillion (1,000,000,000,000) watts of electricity is generated each year by diesel or heavy fuel oil (HFO) worldwide.
For our complete article on ECOS please go here: http://tinyurl.com/otcmagic-ecoclap
OTCMAGIC is a newsletter that reports on developments in the world of penny stocks. OTCMagic is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Please visit OTCMagic.com website, for complete risks and disclosures.
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