I am long and never have sold a share in NVMG as in many other of my small O & G Investments. Do you think that if NVMG stalls it could end up being a reverse merger shell as what seems to be happening in RGNO and possibly WRNW?
Halstead Energy Corp 33 Hubbells Drive Mt. Kisco, NY 10549 United States Phone: 914 666-3200 Fax: 914 666-6743 Ticker: HSRC (OTC)
The company is engaged in the retail sale of propane, propane equipment, fuel oil, gasoline and diesel fuel. Fuel oil, gasoline, and diesel fuel are also distributed wholesale. The company also services propane and fuel oil heating equipment. áCo. believes that propane has distinct advantages over alternative energy sources, including efficiency, cost and availability. The company's business is highly competitive. company competes with fuel oil, diesel fuel, propane and gasoline distributors and/or retailers offering a broad range of services and prices, from full service distributors similar to Co., to those offering supply or retailing only. Competition with other companies in the fuel oil and propane industries is based primarily on customer service and price. Long-standing customer relationships are typical in the retail fuel oil and propane industries. Many companies in the industry, including Co., deliver fuel oil and propane to their customers based upon weather conditions and historical consumption patterns without the customer having to make an affirmative purchase decision each time fuel oil or propane is needed. As of the date of this report , fuel oil and propane are less expensive sources of energy than electricity. Natural gas, which is currently less expensive than propane, is not readily available in upper Westchester and Putnam Counties where all of the Company's propane operations are conducted. Accordingly, company believes that an insignificant number of its customers will switch from fuel oil or propane to alternative energy sources at this time.
Halstead Energy Corp. is engaged in the wholesale and/or retail distribution of, and the provision of, services relating to fuel oil, liquid propane gas, gasoline and diesel fuel primarily in Westchester, Putnam, Dutchess, Rockland and surrounding counties in New York State. The Company has four principal operating divisions: HQ Propane, a wholly owned subsidiary of the Company, and Halstead Quinn Terminal, HQ Gasoline and Dino Oil, which are separate divisions of HQ Propane.
33 Hubbells Drive Mt. Kisco, NY 10549 USA - Map +1-914-6665800 (Phone) +1-914-6666743 (Fax)