The Energy Report

Source: Streetwise Reports 01/13/2019 This project will be in the form of a community-distributed generation model. UGE International Ltd. (UGE:TSX.V; UGEIF:OTC) signed a contract to develop a community solar power project on New York’s Staten Island, it announced in a news release. How this type of project works is UGE pays rent to a building owner for roof space on which UGE installs a solar power generation system. The energy created is then sold to community members at a price lower than the current utility rate. UGE will install the Staten Island project on the roof of a family-owned kitchen cabinetry business. “At 304 kilowatts, the project’s value exceeds $600,000,” the release noted. Read what other experts are saying about: UGE International Ltd. Sign up for our FREE newsletter at: www.streetwisereports.com/get-news Disclosure: 1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None. 2) The following companies mentioned in this article are sponsors of Streetwise Reports: UGE International. Click here for important disclosures about sponsor fees. 3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. 4) The … Continue reading →

Source: Streetwise Reports 01/10/2019 A lithium-focused company adds land at its major projects and submits permit applications. Piedmont Lithium Ltd. (PLL:NASDAQ; PLL:ASX), a lithium-focused energy company, recently announced that it has increased its exploration land position, bringing it to a total of 1,383 acres. The company’s flagship project is the Piedmont Lithium Project in North Carolina. Piedmont Lithium’s goal is to become “a strategic domestic supplier of lithium to the increasing electric vehicle and battery storage markets in the U.S.” According to management, the property expansion highlights are as follows: Properties within the Carolina Tin Spodumene Belt (122 acres). Preferred locations for its concentrator and mine infrastructure (49 acres). Land position at Piedmont Lithium Project increased by 15% to 1,383 acres. Core Property expanded by 93 acres or 18% to a total of 622 acres. Contiguous land acquisitions are along strike. Mineral resource drill targets are being finalized and will be incorporated in upcoming Phase 4 Drill Program. All deals structured as options or deferred purchases to minimize upfront cash outlay. In the map below, the navy blue areas reflect the Piedmont Lithium project. The red areas represent the company’s new land holdings. Source: Piedmont Lithium In additional to the expansion, Piedmont Lithium also controls a 60-acre parcel in Kings Mountain, North Carolina, for the site of its planned chemical plant. “Piedmont is ideally positioned to deliver leverage on rising lithium prices.” – Brien Lundin, Gold Newsletter President and CEO Keith Phillips said, “We continue to pursue our strategy of … Continue reading →

Source: Streetwise Reports 01/10/2019 The reasons behind the oilfield services company’s move, along with projections for 2019, are explored in a Raymond James research report. In a Jan. 7 research note, Raymond James analyst J. Marshall Adkins reported Hi-Crush Partners L.P. (HCLP:NYSE) decided to suspend its quarterly distribution, likely long term, due to the decreased volumes and price deterioration it is experiencing along with oil price uncertainty. The drop in the company’s volumes was 25% in Q4/18 compared to Q3/18, lower than expected. It is attributed to a reduction in the number of completions due to a declining oil price, operators maxing out their year’s budget and a resulting “significant” sand oversupply, Adkins explained. “One of the more significant investor concerns regarding Hi-Crush has been the potential for contracts to be renegotiated during the current bout of weakness,” he added. For example, management is currently renegotiating its Kermit mine contracts. With margins per ton falling by about $20 per ton at Kermit, sales of Kermit sand will yield about $96 million of EBITDA in 2019, Raymond James estimates. As for the future direction of Hi-Crush’s Northern White sand margins, it remains unclear, Adkins noted. On one hand, they are decreasing due to the overall slowing. Raymond James forecasts less overall Northern White tonnage this year, at 5.6 million tons compared to 7.4 million in 2018. “Overall, we currently model in-basin sand pricing falling about 20% in 2019 year over year, compared to a roughly 40% drop in Northern White pricing,” … Continue reading →