Connect with us

Business

GreenHunter Energy, Inc. (GRH) MAG Tank Launch a Direct Response to Oilfield Operator’s Need for Modular High-Cap Water Storage

Published

on

GreenHunter Energy, the oilfield operator-centric provider of Total Water Management Solutions™ designed to be the ultimate in full-spectrum services (ranging from hauling and disposal capabilities to complete turnkey water solutions), reported that the company’s wholly-owned GreenHunter Water, LLC subsidiary has rolled out their latest marvel today, a cutting-edge above-ground and completely modular water storage tank system, the MAG Tank.

The final week of this month should see the initial unit deployed down in St. Mary Parish, Louisiana, as the standardized interlocking steel panels for the unit have already been fabricated. The MAG Tank is a beautiful concept and design, really showcasing how the company approaches everything from the operator’s point of view. The patent-pending design offers operators unprecedented configurability, allowing them to deploy against a totally user-specified, variable footprint in capacities starting at 10k bbls and ranging all the way up to over 100k bbls.

This makes the proprietary system perfect for a whole variety of well pads and it was designed to take into consideration environmental, terrain, and weather conditions, as well as this persistent need for a customizable footprint due to space limitation. The MAG Tank is a triumph for GRH’s constant desire to close the user-feedback loop and shows that the company is dedicated to innovating in ways directly called for by existing clientele within the oilfield sector. The demand for such an easily configurable, high-capacity water storage tank that can also meet varied terrain/space challenges is finally answered and easily satisfied by this latest effort by GreenHunter.

The MAG Tank is a gem on the environmental side too, drastically cutting both capital outlays for and environmental impact from truck traffic and the typical earthworks or traditional frak tank solutions. The extremely durable, standardized steel panel wall segments allow operators to throw this thing up quickly and easily, without the need for yet another complex, labor-intensive job created on the site whose execution hampers or threatens productivity. The MAG Tank is also easy to disassemble and move, with a disposable and impermeable liner used alongside a geotextile substrate, as well as a puncture-resistant ground cover, it can be put up and taken down quite readily. After the pad goes in we are talking one to two days tops and all for a design which vastly exceeds the benchmark safety and engineering requirements, meaning you not only get a superior execution water-wise, but the paramount safety concerns that are the preoccupation of every oilfield services operator are met handedly by a robust system that can be trusted.

Just another part of the total water management solutions that GRH can provide and it is not hard to see why the company’s success story continues when you look at the over one century of experience in the core industries collectively held by management. These guys know the industry and they know water. It’s easy to do business with people who really understand the challenges presented by modern shale production and especially when it comes to handling the huge volumes of water needed. More importantly even, GRH understands how these challenges morph into new problems when the difficult logistics presented by terrain and weather, such as that in the Appalachian region, inevitably assert themselves.

For more information on GreenHunter Energy, visit www.GreenHunterEnergy.com

Continue Reading

Business

Top 3 Gainers: Zynga (NASDAQ:ZNGA), Eros International (NYSE:EROS), Borqs Technologies’ (BRQS)

Published

on

By

Zynga (NASDAQ:ZNGA) is up 2.5% after Benchmark reiterated its Buy rating in a look-ahead at Q2 earnings. The firm’s expecting a beat and solid guidance for Q3, and it’s raising its guidance for the fiscal year.

Tailwinds from the pandemic won’t dissipate easily, Benchmark suggests, and the videogame maker’s acquisition of Peak (and with it new “forever franchises” in Toon Blast and Toy Blast) will drive audience, bookings, margins and free cash flow, it says. The firm has an $11 price target, now implying 14% upside.

Eros International (NYSE:EROS) is up 5.8% today, making up the last week’s lost ground, after news that its streaming service Eros Now is partnering with Sony India (SNE +2.3%).

That will mean Eros Now’s app is pre-installed on selected Sony smart televisions in India, along with availability on a large base of existing models (Bravia E series and newer).

The country over the past year has seen a 25% growth in demand for smart TVs, fueled by overall industry growth of 15%, to a record 15M units/year.

Borqs Technologies’ (BRQS) personal safety tracker sees strong market with increased orders from the electronics retail chain in the US.

The boost in product demand comes ahead coronavirus pandemic that provides company to expect delivery of 250K units this year. It reflects over 3x the volume delivered in 2019, the year of its launch.

Borqs’ mobile personal safety devices designed particularly for senior citizens come with panic button, location tracking, and fall detection.

Continue Reading

Biotech

Biotech movers: Pfizer Inc. (PFE), Celgene Corporation (CELG)

Published

on

Pfizer Inc. (PFE) said on Thursday it received a request for documents as part of a U.S. investigation related to quality issues involving the manufacture of auto-injectors at its Meridian Medical Technologies site.

Pfizer, in a regulatory filing, said it would be producing records in response to the civil investigative demand from the U.S. Attorney’s office for the Southern District of New York.

Why ASDN Could Massively Outperform PFE in 2019

Meridian, a unit of Pfizer that manufactures EpiPen injectors used to deliver an emergency allergy antidote, has been hit by a series of manufacturing problems in recent years. Mylan NV, which markets EpiPens, has recalled tens of thousands of the devices after complaints that some had failed to activate.

Bristol-Myers Squibb has been meeting with shareholders in Boston and New York over the last two weeks to try to salvage its $74 billion purchase of cancer drugmaker Celgene Corporation (CELG), the biggest acquisition announced so far this year.

Why Investors Are Calling ASDN the CELG of the Sky!

The deal, announced in January, was hard sell to Bristol shareholders from the start. The acquisition adds about $32 billion in fresh debt to Bristol’s balance sheet while assuming $20 billion in Celgene’s debt, the companies said at the time. After factoring in debt, the acquisition was the largest health-care deal on record, according to data compiled by Refinitiv.

Now, hedge funds Wellington Management and Starboard Value say the deal doesn’t sit well with them. Bristol has sent executives to New York to meet with institutional investors several times over the last two weeks and met with investors in Boston on Wednesday and Thursday, according to a person who briefed on the meetings.

Bristol-Myers declined to comment.

Continue Reading

Biotech

Big Losers: Corbus Pharmaceuticals Holdings, Inc. (CRBP), Petróleo Brasileiro S.A. – Petrobras (PBR)

Published

on

Corbus Pharmaceuticals Holdings, Inc. (CRBP)’s shares slumped as much as 16% to $6.94 on huge volume. The stock has been showing intense sell off suddenly after a bearish article on seekingalph.com by Alpha Exposure.

The article stated that Corbus has ties to investors convicted of or alleged to have committed securities fraud. We believe lenabasum has failed its major trials in SSc and CF. Lenabasum was also denied Breakthrough Therapy Designation in SSc. We believe lenabasum will fail in its pivotal SSc and Phase 2b CF trials. We are short Corbus with a price target of $0.50.

Wow the future of Autonomous flight is finally here with the launch of ASDN passenger drone Elroy

Petróleo Brasileiro S.A. – Petrobras (PBR) is expanding its ambitious divestment program and has “bold” plans for sales, the Brazilian state-run oil company’s chief executive said after the firm posted its first annual profit in five years.

On a conference call with analysts to discuss fourth-quarter results, CEO Roberto Castello Branco said selling non-core assets will be key to deleveraging.

Petrobras, as the company is known, can reduce its ratio of net debt to earnings before interest, taxes, depreciation and amortization, or EBITDA, to 1.5 or even to 1, he added.

The University of Chicago-educated CEO, who took the reins in early January, has long been vocal about the need to slim down the sprawling firm and focus on core activities such as exploration and production. Thursday’s comments were some of his most assertive on the matter.

Why Investors Are Calling ASDN the TPC of the Sky!

Continue Reading
Advertisement

Trending