Alert Price $$0.0031 About American Energy Partners Inc.: American Energy Partners and its group of companies focus on providing solutions in markets where energy production and water meet technology. Collectively, the subsidiaries are engaged in the energy sector as well as the design, construction and operation of regional water treatment facilities that serve the industrial, energy and government sectors. For additional information, visit: American Energy Partners, Inc. American Energy Partners, Inc. Announces Record 2019 Year End Guidance Top Line Revenue Growth Over 230% Key highlights: Top line revenue grew by well over 230% Organic growth revitalized and above September guidance at +60%. Total assets grew by 68%. American Energy management cut its net operating loss by over 50%. American Energy’s ending cash balance increased by over 130%. No Economic Slump For American Energy Partners Exogenous factors contributing to economic slowdown in the oil and gas industry, as well as many other factors have not and for the foreseeable future should not affect American Energy. We have successfully insulated American Energy by focusing on the energy services sector, while still maintaining ownership of a small oil and gas well portfolio despite price volatility . American Energy has a strong “Buy and Build” strategy for growth. Our strategic agenda has since completed the acquisition of both Hickman Geological Consulting, LLC and Oilfield Basics, LLC. Both acquisitions were immediately cash accumulative and in line with our disciplined acquisition process. We maintain a robust pipeline of potential targets. This pipeline is carefully selected to fit within our strategic pillars. Sustainable Margins Recurring Revenues Quality Customers Strong Management AEPT'S Path To Profitability About American Energy Partners has identified a pathway to profitability which can be summed up in four elements: Deleveraging & Re leveraging Balance Sheet Streamlining Corporate Overhead Enacting Operational Efficiencies & Controls Up listing to OTCQB and Annual Audits AMERICAN ENERGY PARTNERS’ HGC TO INCREASE LABOR FORCE BY 100% AS GEO-TECHNICAL SERVICES GROW During the ongoing COVID-19 pandemic and associated economic uncertainty Hickman Geological Consulting has continued to see growth and opportunity, as well as record sales estimated for Q1. American Energy Partners wholly owned subsidiary, Hickman Geological Consulting, LLC (“HGC”) has planned for continued growth of their geo-technical services in 2020. HGC has doubled its workforce to meet demand and expansion in the sector. In 2019, HGC saw an expansion of their geo-technical services and this increase has continued into 2020 to the point that the Company must expand to continue to provide the same quality service to our clients. The Commonwealth of Pennsylvania is among the states with the fastest-rising unemployment; the U.S. Department of Labor quoted that for the week ending on March 14, the Commonwealth had the fourth-highest increase in initial unemployment claims. The last time Pennsylvania saw a severe uptick in unemployment was during the Great Recession. The State Department of Labor and Industry reported then that at the start of the economic downturn, the unemployed rate was 4.6% and it eventually peaked at 8.7% in 2010. The State Department of Labor and Industry stated; that spike is far beyond anything the Commonwealth’s unemployment compensation system has seen before. During the ongoing COVID-19 pandemic and associated economic uncertainty Hickman Geological Consulting has continued to see growth and opportunity, as well as record sales estimated for Q1
Josh Hickman, President of Hickman Geological Consulting stated, “It brings me great joy and pride to see HGC in a position to offer additional jobs to the great Commonwealth of Pennsylvania. We also look forward to offering more robust service package to our clients.” The roles of these employees will be split between serving our existing clients with construction oversight, the development of new geo-technical client relationships in the Pennsylvania, West Virginia and Ohio markets, and the expansion of our geo-technical offerings. With the addition to our workforce we can expect to see in Q2 of 2020, Hickman Geological Consulting expanding our geo-technical offerings to provide turnkey solutions for custom home builders in our service market. This turnkey offering package will include the design of erosion & sediment control plans, design of water runoff systems, and the siting, design and drilling of water wells. American Energy partners Subsidiaries Superfund Coal Ash Acid Mine Drainage & MIW Drill Cuttings ( HDD & VDD) Flow-back & Produced Waters Other Industrial Processes Oilfield Basics Oilfield Basics is a wholly-owned subsidiary of American Energy Partners, Inc. (OTC: AEPT) that was established in April 2018 by two petroleum engineering students – Derek Krieg and Sebastian Ziaja. Our mission is to create a host of resources that make learning about the oilfield simple. To achieve this goal, we partner with companies and individuals across our vast industry and enable them to share their piece of the industry with others. We provide a platform of podcast interviews, educational webinars, videos, online courses, and more! We know that we will never learn all there is to know in the oilfield, but we are going to get as close as we can. The best part is that we get to learn right along with our audience! Hickman Geological Consulting, LLC (“HGC”) Hickman Geological Consulting, LLC (“HGC”) is a full-service valuation and geo-technical services company that focuses on the decision space between earth materials and financial matters. Since 2013, HGC has been the Pittsburgh area’s leading valuation house for oil and gas minerals connected with estate planning, expert witness, lease negotiations, and mineral sales. Since 2016, HGC has provided these services nationwide. In 2018 HGC diversified into geo-technical services related to landslide identification, mitigation, and design as well as geo-technical residential building services, such as ground stability and infiltration testing. Hydration Company of PA A water, water exploration, augmentation, & treatment of impacted waters Company. HCPA provides a solution to locate, procure, treat and distribute water. This patent-pending process provides cleaner water which results in an improved, safer environment. It can also mitigate drought conditions by accessing water previously unavailable. Applications include, but are not limited to: Oil and Gas Pipelines Industrial's Utilities Mining Municipalities Landowners Gilbert Oil & Gas Company U.S. based Exploration and Production company focused on generating long-term shareholder value through drilling, operating, and partnership opportunities in the Upstream oil and gas space. TECHNICAL ANALYSIS American Energy Partners Chart Is Screaming Breakout Over +50% In Upside Potential From Here Bullish Indicators Bollinger Bands Extremely Tight, Major Move Imminent Bullish MACD Crossing Histogram Ticking Higher And Above Zero-Line On Balance Volume In Strong Uptrend The Bottom Line American Energy Partners Is one of the most attractive names in the energy sector right now. The Company has completely insulated itself from the current economic downturn, and has tremendous breakout at this moment. Bullish Catalysts: Top Line Revenue Grew By Well Over 230% Strong Balance Sheet Insulated From Current Economic Slowdown Rapidly Growing + Increasing Their Labor Force Potential Uplisting to OTCQB Bullish Technicals We are anticipating a big move from AEPT in the upcoming days, and urging everyone to add it to their watchlists immediately.By Viewing this Content, you Agree that you Have Read and are in Full Understanding of both our Disclaimer & Privacy Policy(*Remember to use a Stop-Loss Order to protect your gains, as well as limit possible losses.)
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.