smallcapvoice
15 years ago
Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com (GWSC, CETG)
Stocks look to extend rally for a fourth straight day
Stocks mostly rose Friday as investors tried to extend Wall Street's gains for a fourth straight day amid more encouraging comments from bank executives and better-than-expected trade data.
Reports that Citigroup Inc.'s chairman Richard Parsons said the bank doesn't need additional government support after receiving three rounds of emergency funding helped lift financial stocks.
A government report Friday showing that the U.S. trade gap narrowed in January also helped buoy the market.
The Commerce Department said the trade imbalance dropped to $36 billion in the first month of the year, a 9.7 percent decline from December and the lowest level since October 2002. The improvement reflects a drop in demand for crude oil imports and other foreign goods.
Stocks have also been lifted this week by surprisingly positive reports from companies across a wide range of industries. General Motors Corp. said Thursday it wouldn't need the latest installment of government bailout money, and General Electric Co.'s credit rating cut on the same day wasn't as bad as some had feared.
In early trading, the Dow Jones industrial average rose 28.11, or 0.4 percent, to 7,198.17. The Standard & Poor's 500 index gained 2.35, or 0.3 percent, to 753.09, while the Nasdaq composite index slipped 1.89, or 0.1 percent, to 1,424.21.
Yesterday’s Top Performing SmallCapVoice.com stock:
GWS Technologies, Inc. (OTC BB: GWSC) was a SmallCapVoice.com top performer moving up over 33% on trading volume of 15,700 shares.
GWS stands for GreenWindSolar. GWS products and solutions are part of the new "microgeneration" movement that is transforming the way everyday people provide for their energy needs. Through a growing line of solar and wind-powered products ranging from handheld devices that can recharge an iPod to wind turbines for point-of-use alternative energy generation, GWS is leading the way in the emerging microgeneration marketplace. The company was founded in 2005 and is headquartered in Scottsdale, Arizona.
Today’s SmallCapVoice.com Hot Stocks to Watch:
Capital City Energy Group, Inc. (OTC BB: CETG)
In addition to its four wholly owned subsidiaries; Avanti Energy Partners, Eastern Well Services, Capital City Petroleum and Hotwell Services, Capital City Energy Group (“CETG”) is a rapidly expanding energy company. It is an innovative leader in the design, management and sponsorship of retail and institutional direct participation energy programs and one of the few vertically integrated independent oil & natural gas companies operating today. CETG identifies and develops growth opportunities through drilling, operating, oil field service companies, acquisitions and fund management.
To get small cap and OTC stock quotes, company news, and much more please visit www.smallcapvoice.com. Don’t forget to sign up for our complimentary newsletter. Our newsletter comes out once a day in the morning and features great small cap stock news, audio interviews, investor fact sheets on quality small cap stocks and more. We will never share your email address and we use Constant Contact, the industry standard for ethical email distribution. This provider makes it just as easy to opt-out as it is to opt in guaranteed!
About SmallCapVoice.com
SmallCapVoice.com is a recognized corporate investor relations firm, with clients nationwide. Known for its ability to help emerging growth companies build a following among retail and institutional investors, SmallCapVoice.com utilizes its stock newsletter to feature its daily stock picks, audio interviews, as well as its client's financial news releases. SmallCapVoice.com also offers individual investors with all the tools they need to make informed decisions about the stocks they are interested in. Tools like our stock charts, stock alerts, and our investor fact sheets can assist with investing in stocks that are traded on the OTC BB and Pink Sheets.
Small Cap Voice SCV is an electronic publication, and is for informational purposes only. The stocks profiled by SCV are only company profiles and are not intended to be and should not be accepted by you as recommendations to buy or sell in these securities. These profiles are compiled from publicly available sources. Our sources include, but are not limited to, online research, company profiles, member suggestions, magazines, newspapers, analyst suggestions, broker recommendations, contact with the company, company rumors, press releases and other similar information sources. All profiles are based on information that is accessible by the public. Investing in stocks involves risk. SCV is not and does not hold itself out to be a registered broker or dealer or other licensed securities professional. You should consult a qualified, licensed financial advisor or stock broker before making any decisions to invest in the securities of any company that is described in these profiles. For compensation and complete disclaimer click here.
Contact:
Stuart T. Smith
CEO
512-267-2430
ssmith@smallcapvoice.com
http://www.smallcapvoice.com
QualityStocks
16 years ago
Recent Independent Report Suggests Value of Capital City Energy Group Inc. (CETG.OB) Oil and Gas Reserves Increased by 50% in Latest Quarter
Capital City Energy Group Inc. (CETG.OB) is a rapidly expanding energy company whose strategy is to continue to grow a portfolio of core areas which provide growth opportunities through grass-roots drilling, operating, service companies, acquisitions and fund management. The company has named their strategy the “Triad” business model, and this tripartite model consists of: fund management, principal investments, and strategic acquisitions of energy-related companies.
Capital City Energy recently announced results from an independent reserve report conducted by a leading petroleum engineering company, James Engineering, Inc. The aim of the report was to value the company’s proven oil and gas reserves. The report concluded that the value of the company’s reserves increased by nearly 50% during the 2nd quarter of 2008. The evaluation was conducted on the company’s 178 producing properties located in 14 states.
Capital City Energy CEO Timothy W. Crawford said, ” are pleased that we were able to double the value of our reserves, despite the fact that we are in the early stages of proving up the oil and gas assets on our properties. This reserve report will enhance our financial flexibility and validates our strategy of low-risk exploration and production activities that will deliver near-term revenue.”
QualityStocks
16 years ago
CETG.OB Corporate Overview
Capital City Energy Group Incorporated, a Columbus, Ohio-based company focused on the oil and natural gas industry, has grown a reputation for being a leader amongst a very select group of vertically integrated oil and natural gas companies. Their strategy is to continue to grow a portfolio of core areas that provide growth opportunities through grass-roots drilling, operating, service companies, acquisitions and fund management. In order to pursue this strategy, Capital City has employed a “Triad” business model which is composed of three parts: Fund Management, Principal Investments and Strategic Acquisitions of energy-related companies.
The Triad business model employed by Capital City Energy is helping them vertically integrate several aspects of the oil business through well-timed and carefully calculated strategic acquisitions. Targets of interest for the company are complementary businesses such as well operators, drillers, pipelines, energy service companies and lease owners, and other companies that could help to give Capital City a financial advantage over its competitors.
Direct ownership in the full spectrum of assets within the energy industry transforms Capital City Energy into a more dynamic and full-service energy company. By properly acquiring and managing assets, Capital City Energy aims to build shareholder value. The company will continue to get stronger as it builds more relationships in the industry, including beneficial relationships with other companies. As the company grows, so will potential revenues and earnings through economies of scale and management efficiencies, which will create and maintain higher profit margins.
QualityStocks
16 years ago
CETG.OB Appoints David Tenwick to Board of Directors
Capital City Energy Group Inc. (CETG.OB), a diversified oil and natural gas company, is pleased to announce that it has appointed David Tenwick to its Board of Directors. Tenwick brings about 15 years of experience in the energy sector, as he was a co-founder and director of Nucorp Energy, Inc. Currently, Tenwick serves as a chairman at Adcare Health Systems, Inc. (ADK), a long-term care, home care, and management company that he founded in 1991.
Tenwick attended the University of Cincinnati where he earned a Bachelor of Business Administration (BBA) and a Juris Doctor (JD) degree. He moved on to co-found the Ohio Assisted Living Association, which promotes high-quality assisted living throughout Ohio, and to become a member of the Ohio State Bar Association. In his early years, Tenwick served as an enforcement attorney for the United States Securities and Exchange Commission.
Between 1967 and 1982, Tenwick gained experience in the energy sector by co-founding NuCorp Energy, Inc., a publicly traded energy company that focused on oil and gas properties along with commercial and residential real estate. As an independent business consultant from 1982 to 1990, Tenwick served as a director and an officer of several companies including Douglass Financial Corporation, a surety company, and AmeriCare Health & Retirement, Inc., a long-term care management company.
“I am pleased that Dave has accepted an appointment to our Board of Directors,” stated Timothy Crawford, CEO of Capital City. “He has extensive experience as a director of small publicly-traded companies, and the expertise of investing in oil and gas properties, which will benefit Capital City Energy Group as it develops its own properties and grows through acquisition.”
QualityStocks
16 years ago
CETG.OB Subsidiaries Help Drive Efficiency and Profitability
Capital City Energy Group Incorporated is an oil and natural gas company that employs a vertical integration strategy to become a leader in the industry. This strategy allows Capital City to run multiple operating companies as wholly-owned subsidiaries in an effort to become one of the largest and most efficient companies in the industry. While many competitors have to pay third party vendors for oil field services, Capital City has the option to go in-house and avoid the expensive and often unnecessary fees typically associated with third party interactions. Working with their subsidiaries on projects also gives them a greater degree of control over the timing and budgets of their projects.
Capital City Petroleum, Avanti Energy Partners and Eastern Well Partners are all companies that were previously acquired and now operate as wholly-owned subsidiaries of Capital City Energy Group. The nature of successfully completing vertical integration of these companies and services allows Capital City Energy Group to continue their smooth operations and maintain high profit margins through efficiency. Through their subsidiaries’ operations, Capital City has access to well operators, drillers, pipelines, and various other energy services at lower costs.
Capital City Petroleum manages all downstream services for Capital City Energy Group. The company is in charge of all operations from the time production is complete until the actual point of sale. Pipeline transportation, lubricants, processing and refining are just a few examples of the operations Capital City Petroleum handles. Other services not covered but needed in the production process are covered by Eastern Well Partners. They provide many necessary services that bring the drilling and exploration stage all the way to production. These services include critical stages such as wireline, fracturing, logging and well testing services.
Avanti Energy Partners is the investment branch of Capital City Energy Group. Avanti uses leading-edge investment strategies and superior fund management in order to make optimal investment choices. These choices have been proven with exceptional returns on investments by Capital City Energy Funds and through selecting promising joint ventures to lock in future income. Avanti also develops and oversees drilling operations performed by any investment ventures.
QualityStocks
16 years ago
CETG.OB Investing Capital for the Future
Capital City Energy Group Incorporated is an American oil and natural gas company that employs a vertical integration strategy to become a leader in the industry. They call their business model a “Triad” which is composed of three parts: Fund Management, Principal Investments and Strategic Acquisitions of energy related companies. Through this business model Capital City Energy Group is ensuring their current income stream and an eventual income growth that is sustainable well into the future.
The company hopes to grow shareholder value by meeting the investment community’s need for energy opportunities. One of the main sources for this is through Capital City’s Principal Investment (PI) division. The PI division is how Capital City invests; through the deployment of their own capital in energy properties through joint ventures and partnerships with other oil and natural gas companies. Their partnerships and investments range from strategic ownership in production to locations for future drilling, equipment, pipelines, seismic, acreage or other energy related properties.
The long-term goal of the PI division is to function strategically with Capital City’s other divisions in order to create attractive cash flow returns, while growing a strong asset base, including proven and probable oil and gas reserves. Looking at the big picture, the company’s long-term goal is to continue to grow a portfolio of core areas that provide growth opportunities through grass-roots drilling, operating, service companies, acquisitions and fund management. Meeting these goals in the short and long term will create organic growth and drive shareholder value.
QualityStocks
16 years ago
CETG.OB is Driving Growth Through Intelligent Acquisitions
Capital City Energy Group Incorporated is an American oil and natural gas company that employs a vertical integration strategy to become a leader in the industry. One of the ways they continue to thrive in the market place is through strategic acquisitions of complimentary and competing businesses. The Strategic Acquisitions division of the company is dedicated to finding complementary businesses that would ensure a financial advantage to Capital City if they were acquired and incorporated into the company’s highly successful business model.
Acquisitions may be in the form of a merger, joint venture or outright purchase of a company and are typically done quickly and efficiently. Capital City Energy Group seeks out opportunities to acquire and/or collaborate with reliable oil and natural gas industry partners in all aspects of the production process. The acquisitions targeted include well operators, drillers, pipelines, energy service companies, lease owners, and other players that will help in the vertical integration of the company.
The direct ownership in the full spectrum of energy assets allows Capital City to extend greater strategic control over their investments and strengthen their position as a full-service energy company. A few examples of previously acquired companies that are now operating as wholly-owned subsidiaries of Capital City are: Capital City Petroleum, Avanti Energy Partners and Eastern Well Partners. These three subsidiaries allow Capital City Energy to streamline all processes and not pay expensive fees to third party vendors who charge higher rates simply because their services are a necessity. It is through the careful research and dedication of the Strategic Acquisition division that Capital City Energy Group is able to continue their smooth operations and maintain high profit margins through efficiency.
QualityStocks
16 years ago
CETG.OB Schedules Conference Call this Week to Discuss Financial Results
Capital City Energy Group, Inc. announced today that it will be hosting a conference call on Thursday, August 21, 2008 at 2:00 PM EST. Tim Crawford, Chief Executive Officer of Capital City Energy Group, as well as other executives, will discuss financial results for the period ended June 30, 2008 and other related matters.
Those who wish to participate should dial 1-866-706-1343, then enter the conference entry code: 652022. Those who are unable to attend the conference call at the scheduled time can listen later by dialing 1-800-332-6854 or 1-973-528-0005, then using the entry code: 652022. The digital replay will be available until September 2, 2008.
Capital City is a Columbus, Ohio based incorporation committed to growing its diverse oil and natural gas operations. The company is focused on growing a portfolio of core areas that provide growth opportunities through grass-roots drilling, operating, service companies, acquisitions and fund management.
QualityStocks
16 years ago
Capital City Energy Group Inc.’s (CETG.OB) Fund Management Business
Capital City Energy Group Incorporated is an oil and natural gas company that has grown a reputation for being a leader amongst a very select group of vertically integrated oil and natural gas companies. Their strategy is to continue to grow a portfolio of core areas that provide growth opportunities through grass-roots drilling, operating, service companies, acquisitions and fund management.
Capital City’s fund management business structures, funds and manages energy properties for retail and institutional investors. These energy funds are marketed under the name of Capital City Energy Funds and managed by Avanti Energy Partners, LLC. These energy funds are structured as direct participation programs for accredited investors and distributed through regional Broker-Dealers, Financial Planners, Registered Investment Advisors and Wholesalers of financial service products for the benefit of their clients.
Avanti invests the capital for each energy fund by partnering with successful oil and gas companies that have established histories, excellent track records, and possess the regional expertise to develop and exploit their asset base. CETG utilize the vast experience of their management team and consultants in the oil and gas exploration, development, drilling, and production areas, to create income-oriented direct participation investment programs. This successful strategy is one of the ways CETG helps to offset the risk and market volatility that is often associated with the oil and gas industry, and helps to create a sustainable long term revenue stream for the company.
ypsiCPA
16 years ago
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--247MGI, Inc. (OTC:TOFS) (“247MGI”) weekly internet radio show Smallcap Rapp™ (www.smallcaprapp.com) announces show schedule.
Smallcap Rapp™ is a LIVE interactive radio show that allows investors to ask questions live to the company. The questions can be asked by calling in to the show or using our chat room to post your question for the company to answer.
Paul B. Kravitz, CEO, Med Gen, Inc. (OTCBB:MDIN) August 15 at 1:00 ET
Peter Sterling, CEO, Arctic Oil & Gas Corp. (PK:AOAG) August 15 at 1:30 ET
Donald S. Robbins, CEO, CSMG Technologies, Inc. (OTCBB:CTGI) August 20 at 1:00 ET
Timothy W. Crawford, CEO, Capital City Energy Group, Inc. (OTCBB:CETG) August 20 at 1:30 ET
In other news
247MGI will have a new President on August 20th who will also serve as a Board member. As previously stated a Co-CEO will join the Company and serve on the Board giving the Company three Board members and some depth at management, as it moves forward with plans of becoming a Business Development Company.
Military Calling Cards
247MGI has placed a Paypal link on its website to raise money to send calling cards to our troops. Please donate whatever you can so our men and women of the military can do what we do everyday, call home!
The foregoing press announcement contains forward-looking statements that can be identified by such terminology such as “believes,” “expects,” “potential,” “plans,” “suggests,” “may,” “should,” “could,” “intends,” or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. In particular, management's expectations could be affected by, among other things, uncertainties relating to our success in completing acquisitions, financing our operations, entering into strategic partnerships, engaging management and other matters disclosed by us in our public filings from time to time. Forward-looking statements speak only as to the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
QualityStocks
16 years ago
CETG.OB is Led by a Strong Management Team
Capital City Energy Group, Inc. (OTCBB: CETG) is an oil and natural gas company whose business has evolved from being an innovative leader in the design, management, and sponsorship of retail and intuitional direct participation energy programs, to become one of the few vertically integrated independent oil and natural gas companies. The company focuses on growing their portfolio of core areas which provide growth opportunities through grass-roots drilling, operating, service companies, acquisitions, and fund management.
The upper management team is headed by Mr. Timothy W. Crawford, Chairman and CEO of Capital City Energy. He designed and introduced Capital City Energy’s first energy fund offered to individual investors. His management experience is vast, as he was the managing director for a group of professionals who consulted for businesses and high net-worth individuals to review and explore alternatives to their investments, banking, and insurance needs. Prior to that, Mr. Crawford spent 12 years working at Banc Stock Financial Services, Inc., a wholly owned subsidiary of Diamond Hill Capital Management, Inc. (DHIL). His duties included participating in the original equity offering for the Banc Stock Group before assisting in taking the firm public, and worked in their investment banking division.
Joining the company in 2005 was Mr. Keith J. Kauffman, Capital City Energy’s President. With over 20 years of experience in the energy and petrochemical industries – serving as an engineer and financial analyst for Exxon Mobile Corporation – Mr. Kauffman has tremendous knowledge about the oil and natural gas industry. During his tenure at Exxon Mobile, he participated in business unit audit assessments on-location throughout Europe and West Africa, and was a key contributor in implementing drilling cost coding efficiency improvements worldwide. He completed numerous assignments in field operations and natural gas engineering in Kansas, Wyoming, Oklahoma, and Texas. Mr. Kauffman received a bachelor’s degree in chemical engineering from the University of Oklahoma and a master’s degree in business administration and finance from the University of Houston.
Serving as Vice President of Capital City Energy is Mr. Roger M. Gray, who joined the company back in 2006, and was employed in various positions in the oil and natural gas industry prior to accepting the position from Capital City Energy. His key responsibilities at the company include overseeing day-to-day operations for the firm and the Capital City Energy Funds. His experience within the oil and natural gas industry ranges from conducting and performing analyses of potential drilling opportunities to financial and business planning. The majority of his experience is in the exploration of oil and natural gas wells in the Appalachian Basin. Additionally, Mr. Gray was a pioneer in the sales and marketing of natural gas in a deregulated arena to industrial and commercial end users on various intrastate and interstate natural gas pipelines throughout much of the Midwest.
QualityStocks
16 years ago
CETG.OB CEO to Give Up Salary and Bonus
In this morning’s news, Capital City Energy Group, Inc. CEO Timothy W. Crawford announced that he has foregone his salary and any stock-based compensation for this year. As a result of this action, Mr. Crawford will not receive cash or stock compensation earned during 2008. According to the company, the CEO is the largest beneficial owner of shares.
Commenting on the action, Mr. Crawford stated, “Since we have become public, the Company has made substantial progress in building both the exploration, production and energy services businesses. We have also incurred additional costs as a public entity that we did not have as a private company. As the Company’s largest shareholder, I felt it was appropriate to help defray some of these expenses by eliminating my compensation this year, in order to enhance Capital City’s earnings. Increased earnings directly affects the value of the shares.”
Capital City Energy Group understands what it takes to see sustained business success, which includes high standards of business conduct, effective corporate governance, sound financial controls, operational integrity and community engagement. These values are evident in the company’s underlying principles which accentuate teamwork and commitment to professional superiority and integrity. The management is dedicated to growing and maintaining the company’s unique corporate culture, while upholding core values which place the interests of shareholders first.
Please see our Investors Hub Profile for our Disclaimers
QualityStocks
16 years ago
CETG.OB is Seeking to Make Great Strides
Capital City Energy Group, Inc. (OTCBB: CETG) is a diversified oil and natural gas company that operates through three divisions to progress from a design management and sponsor of retail energy programs, to one of the few vertically integrated independent oil and natural gas companies. The company recently announced that they have applied for listing their shares of common stock on the American Stock Exchange LLC (AMEX), as well as made public that they have taken full interest in the prolific Fayetteville Shale located in Van Buren and Cleburne Counties in Arkansas.
Although no assurance can be given that the company’s common stock will be accepted for listing, Capital City Energy believes that they meet the quantitative standards for original listing under the standards listed in the Amex Company Guide. The company’s management team is fully aware of the significance of being listed on AMEX, “The submission of our application to the AMEX is an important step in gaining greater exposure in the investment community,” stated Capital City CEO, Timothy W. Crawford. He continued, “We believe that the listing of our common stock on the AMEX will enhance shareholder liquidity and value, building on the Company’s accomplishments in the short time it has been public.”
The Fayetteville Shale is located in northern Arkansas and is an unconventional natural gas resource which has similar characteristics to the Texas Barnett Shale formation. The thickness of the producing shale zones range from approximately 50 feet to more than 600 feet, and natural gas in place is estimated between 58 and 65 billion cubic feet per square mile. Currently, the company is actively drilling on more than 30,000 acres within these counties. Drilling activity is increasing at the rate of 8 to 10 new producing wells per month, with production from the wells averaging over 1 million cubic feet per day of natural gas production.
Mr. Crawford stated, “The Fayetteville Shale has quickly developed into a large unconventional gas resource and has attracted national attention due to the success in the area of such prominent energy firms as Chesapeake Energy and Southwestern Energy Company. With production increasing rapidly, we believe that the play could be a promising source of revenue.”
QualityStocks
16 years ago
CETG.OB Oil & Gas Reserves Jump 50% in Q2
Capital City Energy Group Inc. is a diversified oil and natural gas company operating through three divisions to progress from a design management and sponsor of retail energy programs to one of the few vertically integrated independent oil and natural gas companies. In a move such as this, it is vital the company secure proven oil and natural gas reserves.
The company today announced results from a report conducted by independent petroleum engineering firm, James Engineering Inc., to gauge Capital City’s reserves. According to the report, the company’s reserves rose nearly 50 percent in the past quarter.
Capital City said that the positive report will assist the company in financial endeavors and builds confidence in its operations.
“We are pleased that we were able to double the value of our reserves, despite the fact that we are in the early stages of proving up the oil and gas assets on our properties,” Capital City CEO Timothy W. Crawford stated in the press release. “This reserve report will enhance our financial flexibility and validates our strategy of low-risk exploration and production activities that will deliver near-term revenue.”
The report includes an evaluation of the company’s 178 producing properties scattered across 14 U.S. states. Given that the report was based on a conservative pricing model, the news gives the company the secure footing needed to move forward with its business plan.
QualityStocks
16 years ago
CETG.OB Applies for Listing on the AMEX
Capital City Energy Group Incorporated announced August 6, 2008 that it has applied for listing of its shares of common stock on the American Stock Exchange LLC (AMEX). The Columbus, Ohio based company is an oil and natural gas company that has grown a reputation for being a leader amongst a very select group of vertically integrated oil and natural gas companies. Their strategy is to continue to grow a portfolio of core areas that provide growth opportunities through grass-roots drilling, operating, service companies, acquisitions and fund management.
Timothy W. Crawford, Chief Executive Officer of Capital City Energy, said, “The submission of our application to the AMEX is an important step in gaining greater exposure in the investment community.” Crawford also added, “We believe that the listing of our common stock on the AMEX will enhance shareholder liquidity and value, building on the Company’s accomplishments in the short time it has been public.”
The move from the OTC bulletin board to the American Stock Exchange would represent a significant confidence boost for skeptical investors. Management at Capital City Energy believes that it meets the quantitative standards for original listing under the standards listed in the Amex Company Guide. With additional investor confidence the company, which currently has a $90 million market cap, hopes to gain extra funding from eager investors.
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7 years ago
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