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Petroleum Consolidators (OTC: PCAI)
Headquartered in Palm Beach Gardens, Florida, Petroleum Consolidators of America, Inc. (OTC: PCAI) is a gasoline retail consolidator with an established acquisition strategy that includes the ownership and operations of profitable branded gasoline stations.
The Company has made strategic acquisitions in South Florida and is aggressively pursuing additional acquisition candidates. Ideal acquisition candidates include existing, profitable retail gasoline facilities and convenience stores that are cash accretive and will maximize shareholder return. Under the PCAI umbrella, retail gasoline and C-store locations benefit from a number of economies of scale and operating efficiencies leveraged by the Company’s highly experienced management team and advisory board.
The practical experience of the executive team coupled with their strategic relationships in the retail gasoline industry has proven invaluable as Petroleum Consolidators capitalizes on the demographic growth of regional markets, while offering the right product mix to suit the daily shopping needs of its customers.
PCAI NEWS!!!
Petroleum Consolidators Unveils Strategic Plan for Calendar 2009
4:28p ET February 6, 2009 (Market Wire)
Petroleum Consolidators of America, Inc. (PINKSHEETS: PCAI), a revenue-generating gasoline station/convenience store operator, has made several positive developments regarding its roll-up strategy, continued progress into the wholesale fuel supply segment and potential entrance within the oil and gas industry.
Overall, each development serves as a vertical integration within the PCAI Business Model which demonstrates further progress towards achieving our corporate goals.
The three major revenue streams targeted by the Company include:
Petroleum Consolidators announced in 2007 that, as part of its roll-up strategy, the Company expected to acquire at least six retail gasoline facilities. These six acquisitions were expected to generate $22 million in revenue and $2.3 million in income.
Although we did not acquire six retail sites, we successfully integrated two major acquisitions during the first two quarters of 2007, concurrently, seeking additional opportunities within the retail gasoline channel. Furthermore, we chose to reduce our exposure in calendar 2007 and 2008 with additional stores because of Federal Government mandates requiring UST (underground storage tank) replacement. The cost is extremely prohibitive, running into the hundreds of thousands of dollars, thus, creating an unnecessary financial burden on the company.
After taking the time to streamline operations, locate key facilities at bargain prices and clearly define the hurdles that plagued the retail gasoline / C-store business in 2007-2008, the acquisition strategy will now resume. Management believes that the Company could easily see an increase in numbers over the short and long-term periods through the implementation our proven business model.
As stated in 2007, the Company is focused on reaching its objective to acquire 50-60 stations over the next three years starting in 2009. Unlike other industries, the distressed economy has increased the number of targeted revenue-producing locations which, in turn, leads to an opportunistic market.
In reference to falling gas prices which may remain, David Cohen, President and CEO of Petroleum Consolidators, stated, "The falling price in gasoline is actually helping owners of gas stations because of lower credit card fees that operators are obligated to pay with their merchant accounts". The thought may be somewhat counterintuitive, but historical margins on gas are usually consistent.
"When gas comes down, you can make better margins," noted Cohen. "On a credit purchase, you have to pay a percentage, and when the total price is lower, you pay a smaller fee."
Regarding Petroleum Consolidators' migration into the Wholesale Fuel Supply field, PCAI has an advantage since it has already owned stations. We will continue to use a major oil company as a supplier, such as Valero, Exxon-Mobil, BP, etc. Now, we could use our own supply which will enhance our bottom line and provide cost efficiencies by delivering fuel to other related stations and stations within close proximity of ours.
Petroleum Consolidators Unveils Strategic Plan for Calendar 2009
4:28p ET February 6, 2009 (Market Wire)
Petroleum Consolidators of America, Inc. (PINKSHEETS: PCAI), a revenue-generating gasoline station/convenience store operator, has made several positive developments regarding its roll-up strategy, continued progress into the wholesale fuel supply segment and potential entrance within the oil and gas industry.
Overall, each development serves as a vertical integration within the PCAI Business Model which demonstrates further progress towards achieving our corporate goals.
The three major revenue streams targeted by the Company include:
Petroleum Consolidators announced in 2007 that, as part of its roll-up strategy, the Company expected to acquire at least six retail gasoline facilities. These six acquisitions were expected to generate $22 million in revenue and $2.3 million in income.
Although we did not acquire six retail sites, we successfully integrated two major acquisitions during the first two quarters of 2007, concurrently, seeking additional opportunities within the retail gasoline channel. Furthermore, we chose to reduce our exposure in calendar 2007 and 2008 with additional stores because of Federal Government mandates requiring UST (underground storage tank) replacement. The cost is extremely prohibitive, running into the hundreds of thousands of dollars, thus, creating an unnecessary financial burden on the company.
After taking the time to streamline operations, locate key facilities at bargain prices and clearly define the hurdles that plagued the retail gasoline / C-store business in 2007-2008, the acquisition strategy will now resume. Management believes that the Company could easily see an increase in numbers over the short and long-term periods through the implementation our proven business model.
As stated in 2007, the Company is focused on reaching its objective to acquire 50-60 stations over the next three years starting in 2009. Unlike other industries, the distressed economy has increased the number of targeted revenue-producing locations which, in turn, leads to an opportunistic market.
In reference to falling gas prices which may remain, David Cohen, President and CEO of Petroleum Consolidators, stated, "The falling price in gasoline is actually helping owners of gas stations because of lower credit card fees that operators are obligated to pay with their merchant accounts". The thought may be somewhat counterintuitive, but historical margins on gas are usually consistent.
"When gas comes down, you can make better margins," noted Cohen. "On a credit purchase, you have to pay a percentage, and when the total price is lower, you pay a smaller fee."
Regarding Petroleum Consolidators' migration into the Wholesale Fuel Supply field, PCAI has an advantage since it has already owned stations. We will continue to use a major oil company as a supplier, such as Valero, Exxon-Mobil, BP, etc. Now, we could use our own supply which will enhance our bottom line and provide cost efficiencies by delivering fuel to other related stations and stations within close proximity of ours.
Petroleum Consolidators of America, Inc.
4400 Northcorp Parkway
Palm Beach Gardens, FL 33410
561-483-4440
info@petroleumconsolidators.com
Thanks boca for the updated ibox. That 23K trade is something i cannot get over on a pink sheet company. That is huge for the company imo.
A 3.5 million share float and a 500 billion dollar industry, this company is sure to take off next week. Watch for the volume to double starting monday!!!
Your welcome, Pcai's advisors have alot of experience in the petroleum sector of the market as well. Just put it on your watch list and see where it goes :)
PCAI Share Structure: (As of 02/01/2009)
Shares Authorized: 500,000,000
Shares Outstading: 35,580,340
Float: 3,471,562
And often times when you do see a gas station with a car wash you can get a discount on the car wash if you purchase 8 gallons worth of fuel. Heck the more I think about how profitable this business could be the more I want to start my own petroleum business!!
The reason why it dropped on friday I believe it has alot to do with the 3 million share float!!
Which I am sure they are a few of the big dogs who invest in pcai!!
I was just reading through the IBOX and noticed that their is a car wash with the second acquisition and realized how many gas stations around here really don't have those, its either superwash, mike's express. That is a good way to be profitable!!
The Company has made strategic acquisitions in South Florida and is aggressively pursuing additional acquisition candidates. Ideal acquisition candidates include existing, profitable retail gasoline facilities and convenience stores that are cash accretive and will maximize shareholder return. Under the PCAI umbrella, retail gasoline and C-store locations benefit from a number of economies of scale and operating efficiencies leveraged by the Company’s highly experienced management team and advisory board.
Especially when you have a board of advisors like cohen has!!
Getthe pcai has low float and much potential, you might want to put it on your watch list. 23K trade after hours, big things are happening here imo.
I agree, some stocks do not even trade that in weeks. One day one trade that is huge for a company imo.
That would be sweet, thats pretty much the entire float. If we traded that many shares this thing will be booming!!
I think so as well, up 8% today on a week that people have been taking profits itsn't as bad as what other's portray it to be!!
On the PCAI news stevo this is my favorite part
As stated in 2007, the Company is focused on reaching its objective to acquire 50-60 stations over the next three years starting in 2009.
I concur, low float = big gains and/or big losses, I've been looking at their management/advisors and it looks to me that they have a great set of people running this company.
Thank you boca
Share Structure: (As of 02/01/2009)
Shares Authorized: 500,000,000
Shares Outstading: 35,580,340
Float: 3,471,562
Great PR Does anyone know the O/S and A/S
amor bid keeps building
AMOR .76 x .84!!!!
hmm very interesting.
If they do that then we will all have alot to talk about this weekend. I'm hoping for some good substantial news too!!!
What do you think of bbda??
AMOR up 7%today
Am Oil has a low float and jumps around on a dime. Watch for it to break through the 1.00 mark next week Amor is a stock has much potential.
I am looking for after hour news or some on monday from amor
.75 X .84 AMOR
Hey how are you doing?
We should be getting some news soon!!
And its hard to be positive about your stock without looking like a "pumper" The big spread creates less buying, less buying looks like a pump and DUMP. This is a company with real potential and is way undervalued.
once volume hits this is going to be $1.00
What do you think of gnta and grdo, I bought some .007s yesterday in sgls and it really hasn't done anything.
Its cold out :( Any good stocks on your watch list?
Amor is up again today though. Once this gaps up amor should head past 1.01. I've been checking out level 2. Thanks for the advice though.
Low float and we are up 5% on the day so far. Bid seems to be stacking up at the .65 support level. Anything under 1.00 is a steal imo
Hey how are you doing?