Natural Gas Demand and Hydrogen Production Technologies May Be Bright Spot for Energy Sector Stocks as Sales Increase Print Alert
Natural Gas Demand and Hydrogen Production Technologies May Be Bright Spot for Energy Sector Stocks as Sales Increase
Coral Springs, FL -- September 28, 2016 -- InvestorsHub NewsWire -- As certain segments of the energy sector struggles of late, the alternative energy industry continues to make a push towards mainstream in the economy around the globe as more and more switch to renewable energy systems.
Xfuels Inc. (OTC: XFLS) is pleased to report on Area 2 Energy progress. Xfuels is pleased to announce that sales are projected to be up by 200%, for the 6 months ending October 2016. Due to Xfuels investment into production and rising commodity prices, according to October AECO futures, sales are anticipated to be 200% higher than purchase in May.
Mr. Michael McLaren states Now that commodity prices have increased to a reasonable level our focused goal is to get the field producing at a rate of 2500 GJ/day by the end of November 2016. He further stated, Our near term target is to have the field producing 3100 GJ/day by the end of the year going into January and February where futures are expected to top $3.00/GJ. The company continues to work on the 4 ton/day Gas to Liquids (GTL) pilot plant and reports progress is going forward on schedule. Once completed the plant will add another $2,500.00 per day in sales of the liquids to the project with minimal effect on the overall gas production. Once installed and proven Xfuels will begin expanding the project to 10 tons per day.
In other OTC market and trading activity of note from yesterday:
CV Sciences, Inc. (OTCQB: CVSI) closed up over 5% on Tuesday at $0.30 trading above the average daily trading volume of over 1.6 Million shares traded by the market close. CV Sciences, Inc. operates two distinct business segments: a drug development division focused on developing and commercializing novel therapeutics utilizing synthetic CBD; and, a consumer product division in manufacturing, marketing and selling plant-based CBD products to a range of market sectors.
MassRoots, Inc. (OTCQB: MSRT) closed up over 3% on Tuesday at $0.45 trading above it's average daily trading volume of over 484,000 shares traded by the market close. MassRoots, Inc., one of the largest and fastest growing technology platforms for the cannabis industry, issued a Chairman's Letter press release that can be found on YahooFINANCE.
Northwest Biotherapeutics, Inc. (NASDAQ: NWBO) closed up at $0.62 on Tuesday as well trading just over 2.25 Million shares traded by the market close and was up slightly in afterhours trading. Northwest Biotherapeutics recntly announced that Dr. Marnix Bosch, Chief Technical Officer, presented an updated and more detailed analysis of the Phase I DCVax-Direct Trial data at the 5th Annual SMi Cancer Vaccines Conference in London, England.
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