Enbridge Energy Partners LP (EEP) is a midstream operator that generates a steady stream of what management describes as ��tility-like��revenue.
Spun out from Canadian energy giant Enbridge (ENB), the MLP is the largest transporter of crude oil into the US from western Canada. The firm also operates highest-capacity pipeline serving the Bakken Shale, a prolific crude-oil play in North Dakota.
The partnership owns and operates roughly 6,500 miles of liquids transportation and gathering pipelines, as well as 11,400 miles of natural-gas pipelines.
Attached to these pipelines are storage facilities that can hold up to 39.4 billion barrels of liquid hydrocarbons and extensive gas processing and treatment capacity.
Top 5 Beverage Stocks To Invest In Right Now: Baker Hughes Inc (BHI)
Baker Hughes Incorporated (Baker Hughes) is engaged in the oilfield services industry. Baker Hughes is a supplier of oilfield services, products, technology and systems to the worldwide oil and natural gas industry. It also provides industrial and other products and services to the downstream refining, and the process and pipeline industries. The Company may conduct its operations through subsidiaries, affiliates, ventures and alliances. It operates in more than 80 countries worldwide. The Company operates in five segments. Four of these segments represent its oilfield operations and their geographic organization: North America (U.S. Land, Gulf of Mexico and Canada), Latin America, Europe/Africa/Russia Caspian and Middle East/Asia Pacific. Its Industrial Services and Other segment includes downstream chemicals, process and pipeline services, and the reservoir development services group.
The geographic organization supports its oilfield operations and is responsible for sales, field operations and well site execution. Western Hemisphere operations consist of four regions - Canada, headquartered in Calgary, Alberta, and the United States Land, Gulf of Mexico and Latin America regions. Eastern Hemisphere operations consist of five regions - Europe, England; Africa, France; Russia Caspian, Russia; Middle East, United Arab Emirates, and Asia Pacific, Malaysia.
Oilfield Operations
The Company offers a suite of products and services to its customers worldwide. Its oilfield products and services fall into one of two groups, Drilling and Evaluation or Completion and Production. The Drilling and Evaluation group consists of Drill Bits, Drilling Services, Wireline Services, and Drilling and Completion Fluids. Drill Bits includes Tricone and PDC or diamond drill bits used for performance drilling, hole enlargement and coring. Drilling Services includes conventional and rotary steerable systems used to drill wells directionally and horizontally; measurement-while-drilling and! logging-while-drilling systems used to perform reservoir navigation services; drilling optimization services; tools for coil tubing drilling and wellbore re-entry systems; coring drilling systems, and surface logging.
Wireline Services includes tools for both open hole and cased hole well logging used to gather data to perform petrophysical and geophysical analysis; reservoir evaluation coring; casing perforation; fluid characterization; production logging; well integrity testing; pipe recovery, and seismic and microseismic services. Drilling and Completion Fluids includes emulsion and water-based drilling fluids systems; reservoir drill-in fluids, and fluids environmental services.
The Completion and Production group consists of Completion Systems, Wellbore Intervention, Intelligent Production Systems, Artificial Lift, Tubular Services, Upstream Chemicals and Pressure Pumping. Completion Systems includes products and services used to control the flow of hydrocarbons within a wellbore, including sand control systems; liner hangers; wellbore isolation; expandable tubulars; multilaterals; safety systems; packers and flow control, and tubing conveyed perforating. Wellbore Intervention includes products and services used in existing wellbores to improve their performance, including thru-tubing fishing; thru-tubing inflatables; conventional fishing; casing exit systems; production injection packers; remedial and stimulation tools, and wellbore cleanup.
Intelligent Production Systems includes products and services used to monitor and dynamically control the production from individual wells or fields, including production decisions services; chemical injection services; well monitoring services; intelligent well systems, and artificial lift monitoring. Artificial Lift includes electric submersible pump systems; progressing cavity pump systems; gas lift systems, and surface horizontal pumping systems used to lift large volumes of oil and water when a reservoir is no long! er able t! o flow on its own. Tubular Services includes hammer services; tubular running systems, and completion assembly systems. Upstream Chemicals includes chemicals and chemical application systems to provide flow assurance, integrity management and production management for upstream hydrocarbon production. Pressure Pumping includes cementing, stimulation, including hydraulic fracturing, and coil tubing services used in the completion of new oil and natural gas wells and in remedial work on existing wells, both onshore and offshore.
The Company competes with Schlumberger, Halliburton, Weatherford, National Oilwell Varco, Champion Technologies, Ecolab, Newpark Resources, and Frac Tech Services.
Advisors' Opinion:- [By GuruFocus]
George Soros (Trades, Portfolio) just reported his first quarter portfolio. He buys Citrix Systems Inc, Baker Hughes Inc, Comcast Corp, Spansion Inc, etc during the 3-months ended 03/31/2014, according to the most recent filings of his investment company, Soros Fund Management LLC. As of 03/31/2014, Soros Fund Management LLC owns 305 stocks with a total value of $10.1 billion. These are the details of the buys and sells.New Purchases: BHI, CODE, CTRP, CLI, AVB, COMM, CNQ, AGO, AUY, ATML, ASH, BXMT, CSTM, AEM, CMA, ARE, CHKP, AUQ, BEAV, CX, ADSK, AALCP, BLK, AIG, BIIB, ADEP, AMRI, ARWR, ATHX, BALT, BCRX, BEAT, CFX, CLFD, CUR, CODE,Added Positions: CTXS, CMCSA, CNP, ALTR, BRCD, CBS, CRM, CHTR, CCJ, CIEN, BIDU, ALLE, ABT, CDNS, ACT,Reduced Positions: AAPL, CCI, AMT, ABBV, AAL, BITA, AL, ANGI, ARIA, CBST, BA, BIRT, EXAR,Sold Out: C, BAC, CRI, AMZN, AGN, CF, BRCM, COTY, BMY, AMCX, CAR, A, ADBE, AFL,For the details of George Soros (Trades, Portfolio)'s stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=George+SorosThis is the sector weightings of his portfolio:Technology18.9%Energy14%Healthcare8.3%Consumer Defensive8.2%Communication Services8.1%Consumer Cyclical5.4%Industrials5.1%Basic Materials4.9%Financial Services2.5%Real Estate1.9%Utilities0.5%These are the top 5 holdings of George Soros (Trades, Portfolio)1. Teva Pharmaceutical Industries Ltd (TEVA) - 10,310,041 shares, 5.4% of the total portfolio. Shares added by 10.67%2. Herbalife Ltd (HLF) - 4,901,337 shares, 2.8% of the total portfolio. Shares added by 52.9%3. EQT Corp (EQT) - 2,573,814 shares, 2.5% of the total portfolio. Shares added by 3.27%4. Adecoagro SA (AGRO) - 25,915,076 shares, 2.1% of the total portfolio.5. Halliburton Co (HAL) - 3,596,353 shares, 2.1% of the total portfolio. Shares reduced by 20.73%New Purchase: Baker Hughes Inc (BHI)George Soros (Trades, Portfolio) initiated holdings in Baker Hughes Inc. His purchase prices were between $51.82 and $65.27, with an estimated
- [By Tyler Crowe]
Investors can get a little trigger happy sometimes, and this has been on full display these past few days�as shares of Baker Hughes Incorporated (NYSE: BHI ) �have soared since the rumor broke that both it and Halliburton (NYSE: HAL ) announced last week that they were looking at the potential of a merger, only to have the deal completed early this week. Before you decide to jump on this bandwagon, though, there are some things to consider.
- [By Ben Levisohn]
As a result, the knives have come out. Cowen’s analysts downgraded six stocks–Baker Hughes (BHI), Cameron International (CAM), Nabors Industries (NBR), CGG (CGG), Superior Energy Services (SPN) and Helmerich & Payne (HP)–and cut their estimates on even more. Its analysts explain why:
Hot Energy Companies To Watch In Right Now: Willbros Group Inc (WG)
Willbros Group, Inc. (Willbros) is a full service engineering and construction company specializing in energy infrastructure serving the oil and gas and power industries. The Company's services include engineering, procurement and construction (individually or as an integrated engineering, procurement and construction (EPC) offering), project management, maintenance and lifecycle extension services. As of December 31, 2011, the Company operated through three business segments: Upstream Oil & Gas, Downstream Oil & Gas and Utility Transmission and Distribution (Utility T&D), primarily in the United States, Canada and Oman. In January 2012, the Company changed its organization and includes three segments: Oil & Gas, Utility T&D and Canada. During 2011, the Company opened an office in the Houston Ship Channel. On October 11, 2011, the Company completed the sale of all assets and operations of InterCon Construction Inc., a non-strategic subsidiary within the Utility T&D segment.
Upstream Oil & Gas
The Company's core services include the design, construction, and maintenance of hydrocarbon transportation systems. The Company provides a full range of services for the engineering, design, procurement and construction of processing, pumping, compression and metering facilities. It focuses on building these facilities in the North American oil and gas market.
The Company's core services include the design, construction, and maintenance of hydrocarbon transportation systems. The Company provides a full range of services for the engineering, design, procurement and construction of processing, pumping, compression and metering facilities. It focuses on building these facilities in the North American oil and gas market.
The Company�� engineering services include project development, conceptual design, front-end engineering and feasibility studies; project engineering services; definitive design and drafting services; project management, estimating, scheduling! and controls; turnkey EPC arrangements; field engineering and construction liaison services; material and services procurement; planning and management of integrity and maintenance programs, and topographic, hydrographic and engineering as-built surveying, including the establishment of rights-of-way for public utilities and industrial uses. These services are furnished to a number of oil, gas, and pipeline transportation clients on a stand-alone basis, as well as part of EPC contracts undertaken by the Company.
In addition to capital projects, the Company offers its upstream infrastructure construction facilities to its clients through its management and maintenance offerings. The Company operates its fabrication services in Tulsa, Oklahoma and Alberta, Canada.
Downstream Oil & Gas
The Company provides integrated, full-service specialty construction, turnaround, repair and maintenance services, including EPC services, to the downstream energy infrastructure markets, which consists primarily of integrated oil companies, independent refineries, product terminals and petrochemical companies. The Company provides these services primarily in the United States. The Company's principal services include construction, maintenance and turnaround services for downstream facilities, including revamp/reconditioning of fluid catalytic cracking (FCC) units; tank services for construction, maintenance or repair of petroleum storage tanks, typically located at pipeline terminals and refineries; multi-disciplinary engineering services to clients in the petroleum refining, chemicals and petrochemicals and oil and gas industries, and EPC services through program management and EPC project services. The Company�� construction, maintenance and turnaround services include refractory services, furnace re-tube and revamp projects, stainless and alloy welding services and heavy rigging and equipment setting.
The Company provides services to the above-ground storage tank i! ndustry. ! The Company's capabilities include American Petroleum Institute (API) compliant tank maintenance and repair; floating roof seals; floating roof installations and repairs; secondary containment bottoms, cone roof and structure replacements, and new API compliant aboveground storage tanks. The Company provides these services as stand-alone or in combination, including EPC solutions.
The Company provides project management, engineering and material procurement services to the refining industries and government agencies, including chemical/process, mechanical, civil, structural, electrical, instrumentation/controls and environmental through its subsidiary, Wink Companies, LLC (Wink). The Company provides its engineering services through resources located at the project site or at its offices in Louisiana.
Utility T&D
The Company provides a range of services in electric and natural gases transmission and distribution, including comprehensive maintenance and construction, repair and restoration of utility infrastructure. It maintains and constructs overhead and underground transmission lines. Overhead transmission services include the installation, maintenance and repair of transmission structures involving wood, concrete, steel pole and steel lattice tower configurations. Underground transmission services include the installation and maintenance of underground transmission cable and its associated duct, conduit and manhole systems. Electric power transmission also includes substation services, which includes the maintenance, construction, expansion, calibration and testing of electric power substations and components.
The Company maintains, construct and upgrade underground and overhead electric power distribution lines to household voltage levels. The Company's services consists of electric power distribution systems, including primary and secondary voltage cables, wood and steel poles, transformers, switchgear, capacitors, underground duct, manhole syst! ems, resi! dential and commercial and electric meter installation.
The Company offers two complementary services to utilities and industrial companies for the restoration of electrical power cables and the condition assessment of electrical cable systems. It includes CableCURE and CableWISE. CableCURE is a process for the restoration of aged electric power cables. CableWISE is an online electrical system-condition assessment process that enables electric power utilities and a range of commercial and industrial facilities to evaluate the condition of cable systems, transformers and switchgear. The Company provides a spectrum of natural gas T and D services, from the maintenance and construction of large diameter transmission pipelines through the installation of residential natural gases service. The Company constructs, maintain and upgrade natural gases distribution pipelines. The Company's services include trenching, transporting, welding or fusing and laying pipe, post-construction integrity testing, site restoration and meter setting.
The Company provides other specialty services to customers nationwide. These services include utility-line locating, stray voltage and gas leak detection and telecommunications.
The Company competes with Quanta Services, MasTec, Primoris, Associated Pipeline Contractors, Sheehan Pipeline Construction, U.S. Pipeline, Welded Construction, Henkels & McCoy, Michels Corporation, North American Energy Services, Flint Energy Services, Ledcor, Sunland, Dyess, Jomax, CH2M Hill, Gulf Interstate, Universal Pegasus, Trigon, Mustang Engineering, ENGlobal, AltairStrickland, JV Industrial Companies, Plant Performance Services, KBR, Chicago Bridge & Iron, Matrix Services, MYR Group, Pike Electric and Miller Pipeline.
Advisors' Opinion:- [By Jeremy Bowman]
What: Shares of Willbros Group (NYSE: WG ) were shining today, gaining as much as 16% after the energy services firm boosted its profit estimate for the current quarter.
Hot Energy Companies To Watch In Right Now: SunPower Corp (SPWR)
SunPower Corporation, incorporated in April 1985, is a vertically integrated solar products and services company that designs, manufactures and delivers solar electric systems worldwide for residential, commercial, and utility-scale power plant customers. The Company operates in two business segments: the Utility and Power Plants (UPP) Segment and the Residential and Commercial (R&C) Segment. The UPP Segment refers to its solar products and systems business, which includes power plant project development and project sales, turn-key engineering, procurement and construction (EPC) services for power plant construction, and power plant operations and maintenance (O&M) services. UPP Segment also sells components, including huge volume of sales of solar panels and mounting systems to third parties, sometimes on a multi-year, firm commitment basis. The R&C Segment focuses on solar equipment sales into the residential and small commercial market through its third-party global dealer network, as well as direct sales and EPC and O&M services in the United States and Europe for rooftop and ground-mounted solar power systems for the new homes, commercial and public sectors. In May 2012, K Road Power Holdings, LLC (K Road) and SunPower Corp announced that K Road acquired the 25-megawatt (AC) McHenry Solar Project, which the Company designed. In January 2013, the Company MidAmerican Solar acquired the 579-megawatt Antelope Valley Solar Projects (AVSP), two co-located projects in Kern and Los Angeles Counties in Calif from SunPower.
In January 2012, the Company completed its acquisition of the wholly owned Total SA subsidiary Tenesol SA, a global solar provider. In September 2011, NRG Energy Inc. acquired 250 megawatt California Valley Solar Ranch (CVSR) project from SunPower. In June 2011, the Company introduced SunPower E20 Series Solar Panel (E20) series. The Company�� customers in its UPP Segment include investors, financial institutions, project developers, electric utilities, and independent po! wer producers in the United States, Europe, and Asia. In its R&C Segment, the Company primarily sells its products to commercial and governmental entities, production home builders, and its third-party global dealer network serving residential owners and small commercial building owners.
Solar Cells
The A-300 solar cell is a silicon solar cell with a specified power value of 3.1 watts and a conversion efficiency averaging between 20.0% and 21.5%. The Company�� A-330 solar cell delivers 3.3 watts with a conversion efficiency of up to 22.7%.
Solar Panels
The Company�� SunPower solar panel series include solutions, such as SunPower E18 Series Solar Panel (E18), SunPower E19 Series Solar Panel (E19), and SunPower E20 Series Solar Panel (E20). Available in a 72-cell configuration, the E18 series panel uses its A300 all back-contact solar cells and delivers a total panel conversion of 18.1% to 18.5%. Available in a 72, 96, and 128-cell configuration, the E19 series panel uses its A300 all back-contact solar cells and delivers total panel conversion of 19.3% to 19.7%. Available in a 96-cell configuration, the E20 series panel uses its A-330 all back-contact solar cells and delivers total panel conversion of up to 20.1%.
Inverters
The Company sells a line of SunPower branded inverters. The inverters are manufactured by third parties.
Roof Mounted Products
The roof mounted products include SunPower T-5 Solar Roof Tile System (T-5), SunPower T-10 Commercial Solar Roof Tiles (T-10), PowerGuard Roof System (PowerGuard) and SunTile Roof Integrated System (SunTile). Tilted at a 5-degree angle, the T-5 roof tile is a non-penetrating photovoltaic rooftop product that combines solar panel, frame, and mounting system. The T-5 solar roof tile systems are primarily sold through its R&C Segment.
Tilted at a 10-degree angle, the T-10 commercial solar roof tiles is a non-penetrating panel interlock system! . Dependi! ng on geographical location and local climate conditions, this can allow for the generation of up to 10% more annual energy output than traditional flat roof-mounted systems. The T-10 commercial solar roof tile is primarily sold through its R&C Segment.
PowerGuard is a non-penetrating roof-mounted solar panel that delivers electricity while insulating and protecting the roof membrane from ultraviolet rays and thermal degradation. The PowerGuard roof system is primarily sold through its R&C Segment. SunTile solar shingles are designed to replace multiple types of roof panels, including the common concrete flat, low and high profile S tile and composition shingles. The SunTile roof system is also sold through its R&C Segment.
Ground Mounted Products
The ground mounted products include SunPower T-0 Tracker (T-0) & SunPower T-20 Tracker (T-20), SunPower Oasis Power Plant (SunPower Oasis), SunPower C-7 Tracker (C-7), and Fixed Tilt and SunPower Tracker Systems for Parking Structures. The T-0 and T-20 trackers are single-axis tracking systems that automatically pivot solar panels to track the sun's movement throughout the day. This tracking feature increases the amount of sunlight that is captured and converted into energy by up to 30% over flat or fixed-tilt systems, depending on geographic location and local climate conditions. A single motor and drive mechanism can control 10 to 20 rows, or more than 200 kilo watts of solar panels. The T-0 and T-20 trackers have been installed in a range of geographical markets principally in the United States, Germany, Italy, Portugal, South Korea, and Spain. The T-0 and T-20 trackers are sold through both its UPP and R&C Segments.
The Oasis is a solar power block that scales from 1 mega watts distributed installations to central station power plants. Oasis provides a way to deploy utility-scale solar power systems, streaming the development and construction process while optimizing the use of available land. The SunPow! er Oasis ! is sold through its UPP Segment. The C-7 combines a horizontal single-axis tracker with rows of parabolic mirrors, reflecting light onto linear arrays of its solar cells. The C-7 tracker is sold through its UPP Segment. SunPower has developed designs for solar power systems for parking structures in multiple configurations. These dual-use systems typically incorporate solar panels into the roof of a carport or similar structure to deliver onsite solar power while providing shade and protection. They are suited for parking lots adjacent to facilities. Fixed Tilt and SunPower Tracker Systems for parking structures are sold through both its UPP and R&C Segments.
Other System Offerings
SunPower�� metal roof system is designed for sloped-metal roof buildings, which are used in some winery and warehouse applications. This solar power system is designed for rapid installation. It also offers other architectural products, such as day lighting with translucent solar panels.
Balance of System Components
Balance of system components are components of a solar power system other than the solar panels. It includes SunPower branded inverters, mounting structures, charge controllers, grid interconnection equipment, and other devices depending on the specific requirements of a particular system and project.
The Company competes with Canadian Solar Inc., JA Solar Holdings Co., Kyocera Corporation, Mitsubishi Corporation, Q-Cells AG, Sanyo Corporation, Sharp Corporation, SolarCity Corporation, SolarWorld AG, Sungevity, Inc., SunRun, Inc., Suntech Power Holdings Co. Ltd., Trina Solar Ltd., Yingli Green Energy Holding Co. Ltd., Abengoa Solar S.A., Acconia Energia S.A., AES Solar Energy Ltd., Chevron Energy Solutions, EDF Energy plc, First Solar Inc., NextEra Energy, Inc., OPDE Group, NRG Energy, Inc., Recurrent Energy, Sempra Energy, Skyline Solar, Inc., Solargen Energy, Inc., Solaria Corporation, SolFocus, Inc., SunEdison and Tenaska, Inc.
Advisors' Opinion:- [By Travis Hoium]
My top pick is still SunPower (NASDAQ: SPWR ) , and another great company is SolarCity (NASDAQ: SCTY ) . Residential solar grew 53% in the first quarter, and both companies have a major share of this growing market. Unlike utility-scale solar, the residential space is far more consistent, and we can expect more growth in the future. Both SunPower and SolarCity sign customers up to 20-year leases, ensuring revenue long-term.�
- [By Paul Ausick]
Solar makers like First Solar Inc. (NASDAQ: FSLR) and SunPower Corp. (NASDAQ: SPWR) have come to depend on their project businesses to help offset the declining costs of solar modules. SolarCity Corp. (NASDAQ: SCTY) has recently made two acquisitions that increase their vertical integration in the solar installation market. For the moment at least, going vertical seems to be the path to whatever profits exist in the solar market.
- [By Taylor Muckerman and Joel South]
Now that deals are being signed with municipalities, as well, SolarCity is sure to continue impressing Mr. Market. The disruptive leasing model has also caught the eye of competitor, SunPower (NASDAQ: SPWR ) , but it is getting to the party a bit later than the Elon Musk-inspired SolarCity. Only time will tell if it's fashionably late or detrimentally late.
- [By Travis Hoium]
SunPower (NASDAQ: SPWR ) reports earnings this week and, after a strong run on the market, investors are looking for continued improvement on its financial statements. Erin Miller sat down with solar analyst Travis Hoium to see what investors should be looking for.�
Hot Energy Companies To Watch In Right Now: Ameresco Inc (AMRC)
Ameresco, Inc. incorporated in April 2000, is a provider of energy efficiency solutions for facilities throughout North America. The Company�� services include upgrades to a facility's energy infrastructure and the construction and operation of small-scale renewable energy plants. Its principal service is the development, design, engineering and installation of projects that reduce the energy and operations and maintenance (O&M) costs of its customers' facilities. These projects include a variety of measures customized for the facility and designed to improve the efficiency of major building systems, such as heating, ventilation, air conditioning and lighting systems. It also serves certain customers by developing and building small-scale renewable energy plants located at or close to a customer's site. Ameresco, Inc. provides its services primarily to governmental, educational, utility, healthcare and other institutional, commercial and industrial entities. The Company operates in four segments: U.S. federal, central U.S. region, other U.S. regions and Canada. In August 2011, the Company acquired APS Energy Services Company, Inc. from Pinnacle West Capital Corporation. In December 2011, it acquired the xChange Point and energy projects businesses, including automated demand response, of Energy and Power Solutions, Inc. In August 2012, the Company acquired FAME Facility Software Solutions Inc. In February 2013, it purchased all of the assets of Ennovate Corporation. In June 2013, Ameresco Inc acquired ESP, an energy management consulting company consisting of the Energy Services Partnership and ESP Response, located in Castleford, United Kingdom.
Ameresco, Inc. offers a set of services that includes the design and installation of upgrades to a facility�� energy infrastructure, the design and construction of renewable energy plants, the sale of other renewable energy products and the arranging of financing for customer projects. In September 2010, the Company acquired Quantum Engineer! ing and Development, Inc. In July 2011, the Company acquired Applied Energy Group.
Energy Efficiency Services
The Company�� services includes the design, engineering and installation of, and the arranging of financing for, equipment to improve the efficiency, and control the operation, of a building�� heating, ventilation, cooling and lighting systems. In certain projects, it also designs and constructs a central plant or cogeneration system providing power, heat and/or cooling to a building. Its projects generally range in size and scope from a one-month project to design and retrofit a lighting system to a more complex 30-month project to design and install a central plant or cogeneration system.
Renewable Energy Projects and Products
The Company�� services offering includes the development, construction and operation of, and the arrangement of financing for, small-scale renewable energy plants, as well as the sale and integration of solar energy products and systems. It has constructed and is designing and constructing a range of renewable energy plants using landfill gas (LFG), wastewater treatment biogas, solar, wind, biomass, food waste, animal waste and hydro sources of energy. As part of its renewable energy offering, it also distributes and integrates solar energy products manufactured by several vendors. Ameresco, Inc. is a distributor of photovoltaic (PV) panels, solar regulators, solar charge controllers, inverters, solar powered lighting systems, solar powered water pumps, solar panel mounting hardware and other system components. It also integrates its PV products and system components into solar solutions designed specifically for customers. It provides solar energy solutions for both on- grid applications where the solar power is used in a building connected to a utility distribution system, and for off-grid applications where the power is used directly in the device using the electricity, such as traffic signs.
Amere! sco, Inc.! also designs and constructs renewable energy plants based on wind power. In many parts of the country, available wind resources, utility net metering and local incentives can make on-site wind generation a viable solution for meeting a portion of customers' energy needs. As of December 31, 2010, the Company had completed two projects that included a wind turbine. In addition, it has constructed and was constructing, small-scale renewable energy plants based on biomass.
As of December 31, 2010, Ameresco, Inc. had constructed more than 28 renewable energy projects, and owned and operated 22 small-scale renewable energy plants. Of the owned plants, 19 are renewable LFG plants, two are waste water biogas plants and one is a solar PV installation. These 22 small-scale renewable energy plants have the capacity to generate electricity or deliver LFG producing an aggregate of 106 megawatts (MW) or megawatt-equivalents (MWE). As of December 31, 2010, the Company had signed contracts for the construction, operation and ownership of an additional six LFG plants, two biomass power and cogeneration plants and five biomass boiler projects.
The Company competes with Chevron Energy Solutions, Constellation Energy, Honeywell, Johnson Controls, Siemens Building Technologies and TAC Energy Solutions.
Advisors' Opinion:- [By Brian Pacampara]
Based on the aggregated intelligence of 180,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, energy efficiency technologist Ameresco (NYSE: AMRC ) has earned a coveted five-star ranking.
- [By Sara Murphy]
Ameresco (NYSE: AMRC ) is one of the few large, independent energy efficiency service providers. The company's principal service is the development, design, engineering and installation of projects that reduce the energy and operations and maintenance costs of its customers' facilities. Ameresco has seen declining revenues recently because of unusually long lag times in getting its projects funded, but this seems a temporary setback.
Hot Energy Companies To Watch In Right Now: Osage Exploration and Development Inc (OEDV)
Osage Exploration and Development, Inc. (Osage) is an oil and natural gas exploration and production company with reserves and production in the country of Colombia and the state of Oklahoma. The Company�� pipeline is located in Colombia. The Companys focuses on developing its 28,000-acre Horizontal Mississippian block along the Nemaha Ridge in Logan County, Oklahoma, with their partners Slawson Exploration, and U.S. Energy Development Corp. The Company generates oil sales from its production operations in Colombia and in the state of Oklahoma and pipeline revenues from its Cimarrona property in Colombia. During the year ended December 31, 2011, the Company drilled two salt water disposal wells and commenced drilling the Wolfe#1-29H, the Company�� horizontal Mississippian well in Logan County, Oklahoma. In January 2012, the Company began drilling the Krittenbrink 2-36H, the Company�� second well in Logan County.
The Company�� subsidiary, Cimarrona LLC, owns a 9.4% interest in certain oil and gas assets in the Guaduas field, located in the Dindal and Rio Seco Blocks that consist of 21 wells, of which seven are producing, that covers 30,665-acres in the Middle Magdalena Valley in Colombia, as well as a pipeline with a capacity of approximately 30,000 barrels of oil per day. The Cimarrona property, but not the pipeline, is subject to an Ecopetrol Association Contract (the Association Contract) whereby the Company pays Ecopetrol S.A. (Ecopetrol) royalties of 20% of the oil produced.
The Company has acquired oil and gas leases in Logan County, Oklahoma targeting the Mississippian formation. The Mississippian formation is located on the Anadarko Shelf in northern Oklahoma and south-central Kansas. The top of this expansive carbonate hydrocarbon system is encountered between 4,000 and 6,000 feet and lies stratigraphically between the Pennsylvanian-aged Morrow Sand and the Devonian-aged Woodford Shale formations. The Mississippian formation reach 600 feet in gross thickness a! nd the targeted porosity zone is between 50 and 300 feet in thickness. The Company owns 100% of the working interest in certain producing oil and natural gas leases located in Osage County, Oklahoma (Hopper Property). The Property consists of 23 wells, 10 of which are producing wells, on 480 acres.
Advisors' Opinion:- [By CRWE]
Today, OEDV surged (+6.78%) up +0.08 at $1.26 with 39,220 shares in play thus far (ref. google finance Delayed: 11:56AM EDT August 22, 2013).
Osage Exploration and Development, Inc. previously reported financial results for the three months ended June 30, 2013 and provided an update on field operations. For the quarter, the Company reported a 75.8% increase in revenues of $2.4 million compared to the same period in 2012, and operating income of $1.2 million versus a loss of $274,563 for the period ending June 30, 2012.
Osage participated in drilling ten wells during the second quarter, bringing the total number of wells in which Osage has an interest to twenty-nine as of June 30, 2013. Additionally, the Company reported average daily production roughly in-line with first quarter production.
- [By CRWE]
Today, OEDV surged (+1.96%) up +0.03 at $1.56 with 178,129 shares in play thus far (ref. google finance Delayed: 12:28PM EDT August 30, 2013).
Osage Exploration and Development, Inc. previously reported preliminary production results on the Mallard 1-16H Horizontal Mississippian well in Logan County, Oklahoma. The well, located in Section 16-17N-3W, achieved a 24-hour peak initial production rate of 705 barrels of oil plus associated natural gas on an electric submersible pump and a 48/64��choke.
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