QS Energy Inc (OTCMKTS:QSEP) Shares Tick Higher on New Appointment
QS Energy Inc (OTCMKTS:QSEP) shares were up 0.14% to $0.0700 on Friday and were unchanged in after-hours trading. Share prices have been trading in a 52-week range of $0.03 to $0.19. The company has a market cap of $13.92 million at 199.05 million shares outstanding.
Formerly Save the World Air Inc, QS Energy Inc develops and commercializes energy efficiency technologies. As such, it provides the energy industry with industrial equipment that are designed to deliver measurable performance improvements to crude oil pipelines.
Its primary technology is called Applied Oil Technology (AOT), a commercial-grade crude oil pipeline transportation flow-assurance product. AOT is used to manage the energy efficiency of oil pipeline pump stations. The AOT product has transitioned from the research and development stage to initial commercial production for the midstream pipeline marketplace. QS Energy Pool, Inc., a subsidiary of the Company, serves as a vehicle for the Company to explore, review and consider acquisition opportunities.
In a press release, QS Energy Inc gave a shareholder update on the appointment of energy industry veteran Jason Lane as CEO and Chairman of the Board. The statement from Greggory M. Bigger, Chief Executive Officer and Chairman of QS Energy started off by saying that the company broadened the range of crude oil it can treat and increased its practical applications within the upstream and midstream sectors and that management believes that they can realize their goal of making a significant contribution to the energy industry’s relentless drive to more efficiently and cost-effectively transport crude oil to market.
To continue in our efforts to maximize the commercial potential of our patented technology and ensure the highest degree of shareholder value moving forward, we are transitioning to a new Chief Executive Officer and Chairman, and a new member of the Board of Directors, as part of our strategic succession plan,” he stated.
After an extensive review of candidates, Bigger announced that Jason Lane will be incoming CEO and Chairman of QS Energy. He has a strong track record in the industry, specifically in the acquisition, leasing and royalty management of oil and gas and mineral rights. He is CEO and founder of JBL Royalty Company, having produced substantial value for investors with his expertise in the areas of capitalization, procurement and management of energy-related partnerships and joint ventures.
I believe that in the months to come under Jason’s guidance and with the continued support of our loyal shareholders, the commercialization of AOT and its potential for widespread adoption throughout the energy industry will be fully explored. I’m personally delighted at this prospect and look forward to, as a fellow shareholder, this potential eventuality. My team and I have had the distinct pleasure in bringing this technology forward from lab to prototype testing in commercial installations. With this succession, I believe Jason Lane will bring additional capital, contacts and other capabilities that should accelerate the development and adoption of our technology portfolio by leading producers and transporters,” Bigger assured.
DISCLAIMER: There is a substantial risk of loss with any speculative asset, especially small cap stocks. The opinions expressed are those of the author, and do not constitute recommendations to buy or sell a stock. Do your own research before committing capital.
Here’s Who Just Picked Up Delek Logistics Partners Lp (NYSE:DKL) Shares
In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Delek Logistics Partners Lp (NYSE:DKL) reported that Delek Us Holdings, Inc. has picked up 15,098,392 of common stock as of 2017-03-10.
The acquisition brings the aggregate amount owned by Delek Us Holdings, Inc. to a total of 15,098,392 representing approximately 62.0% stake in the company.
For those not familiar with the company, Delek Logistics Partners, LP owns and operates logistics and marketing assets for crude oil, and intermediate and refined products. The Company’s business primarily consists of certain crude oil, intermediate and refined products pipelines and transportation, storage, wholesale marketing, terminaling and offloading assets, which were previously owned, operated or held by Delek US Holdings, Inc. (Delek), and assets acquired from unrelated third parties. The Company operates through two segments: Pipelines and Transportation segment, and Wholesale Marketing and Terminalling segment. The Company engaged in the gathering, transporting and storing crude oil; storing intermediate products and feed stocks, and marketing, distributing, transporting and storing refined products. The Company also provides crude oil, intermediate and refined products transportation services for terminaling, and marketing services to third parties primarily in Texas, Tennessee and Arkansas.
A glance at Delek Logistics Partners Lp (NYSE:DKL)’s key stats reveals a current market capitalization of 787.20 Million based on 24.33 Million shares outstanding and a price at last close of $31.15 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2017-03-08, Delek picked up 450 at a purchase price of $32.04. This brings their total holding to 15,093,470 as of the date of the filing.
On the sell side, the most recent transaction saw Gordon unload 736 shares at a sale price of $22.43. This brings their total holding to 3,000.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Delek Logistics Partners Lp (NYSE:DKL) as things move forward to see if its progress aligns with these transactions.
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Tallgrass Operations, Llc. is Buying Tallgrass Energy Partners Lp. (NYSE:TEP) Shares
In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Tallgrass Energy Partners Lp. (NYSE:TEP) reported that Tallgrass Operations, Llc. has picked up 20,000,000 of common stock as of 2017-02-16.
The acquisition brings the aggregate amount owned by Tallgrass Operations, Llc. to a total of 20,000,000 representing a 27.7% stake in the company.
For those not familiar with the company, Tallgrass Energy Partners, LP owns, operates, acquires and develops midstream energy assets in North America. The Company operates through three segments: Crude Oil Transportation & Logistics, which includes the ownership and operation of a crude oil pipeline system; Natural Gas Transportation & Logistics, which includes the ownership and operation of Federal Energy Regulatory Commission (FERC)-regulated interstate natural gas pipelines and integrated natural gas storage facilities, and Processing & Logistics, which includes the ownership and operation of natural gas processing, treating and fractionation facilities, the provision of water business services primarily to the oil and gas exploration and production industry and the transportation of natural gas liquid (NGLs). It operates the Sterling Terminal near Sterling, Colorado. It also operates Buckingham Terminal in northeast Colorado. It has interest in the Deeprock Development Terminal in Cushing, Okla.
A glance at Tallgrass Energy Partners Lp. (NYSE:TEP)’s key stats reveals a current market capitalization of 3.93 billion based on 72.49 million shares outstanding and a price at last close of $53.41 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-11-10, Dehaemers picked up 7,500 at a purchase price of $43.45. This brings their total holding to 312,847 as of the date of the filing.
On the sell side, the most recent transaction saw Tallgrass unload 20,000,000 shares at a sale price of $47.68. This brings their total holding to 6,355,480.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Tallgrass Energy Partners Lp. (NYSE:TEP) as things move forward to see if its progress aligns with these transactions.
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Here’s Who Just Picked Up Noble Energy Inc. (NYSE:NBL) Shares
In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Noble Energy Inc. (NYSE:NBL) reported that Growth Fund of America has picked up 25,967,053 of common stock as of 2017-02-14.
The acquisition brings the aggregate amount owned by Growth Fund of America to a total of 25,967,053 representing a 6.0% stake in the company.
For those not familiar with the company, Noble Energy, Inc. is an independent energy company engaged in crude oil, natural gas and natural gas liquids (NGLs) exploration and production. The Company’s portfolio is diversified between short-term and long-term projects, domestic and international and a balanced production mix among crude oil, natural gas and NGLs. The Company operates in over seven core areas, including the DJ Basin (onshore United States), the Marcellus Shale (onshore United States), Eagle Ford Shale (onshore United States), Permian Basin (onshore United States), the deepwater Gulf of Mexico (offshore United States), offshore West Africa and offshore Eastern Mediterranean. Its sanctioned projects include DJ Basin (onshore United States), Marcellus Shale (onshore United States), Eagle Ford Shale (onshore United States), Permian Basin (onshore United States), Gunflint (deepwater Gulf of Mexico) and Tamar Southwest (offshore Israel). Its proved reserves are approximately 1,420 million barrels oil equivalent.
A glance at Noble Energy Inc. (NYSE:NBL)’s key stats reveals a current market capitalization of 15.85 billion based on 429.70 million shares outstanding and a price at last close of $37.27 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2015-12-04, Williamson picked up 2,456 at a purchase price of $34.07. This brings their total holding to 7,787 as of the date of the filing.
On the sell side, the most recent transaction saw Cawley unload 3,000 shares at a sale price of $39.51. This brings their total holding to 38,387.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Noble Energy Inc. (NYSE:NBL) as things move forward to see if its progress aligns with these transactions.
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