Good Morning Members,
Today we are picking GreenHunter Energy, Inc. (NYSE MKT: GRH) as our StockGuru Spotlight for Monday, November 26, 2012.
Our Rationale & Strategy:
FYI, this is a former client. We hold no shares, and we do not buy or sell shares of anything we choose for the Spotlight. We were not compensated for this pick. Our disclosure from last year is shown below, at the bottom.
First, from their results for the period ending September 30:
- GreenHunter Energy Reports Financial Results for the Third Quarter and Nine Months Ended September 30, 2012
- Nine months revenues up to $11.3 million
- Nine months adjusted EBITDA up to $2.0 million
- Volume of water handled increased 129% from prior quarter
Source release on that info FOUND HERE.
Second, despite those facts, the stock has seen a sell-off. I understand that many feel that fracking and the re-elected Obama administration likely do not mix well. My take is that GRH has so much business already that is not a major concern.
Third, this chart is ready for a reversal. I see others jumping on this asap as GRH has spent way more time above $2 in recent months. That’s where it belongs… if not even higher.
ABOUT GREENHUNTER:
GreenHunter Energy, Inc., through its wholly-owned subsidiary, GreenHunter Water, LLC, provides Total Water Management Solutions™ to oil and gas operators who are active in the Marcellus, Eagle Ford and Bakken shale plays.
Led by oilman Gary C. Evans, GreenHunter Water understands the importance of operational excellence and keeping expensive rigs running on schedule. That’s why GreenHunter seeks out undervalued existing assets employing proven, cost-effective technologies.
With decades of experience in the oil and gas business, GreenHunter’s management team is ready to help improve efficiencies and lower costs of handling, recycling, hauling and disposing of produced water and frac flowback.
About The StockGuru Spotlight:
The StockGuru Spotlight features stocks that we expect some action in. Generally speaking we expect a strong showing in the market based on the market, our knowledge of the stock and the buzz in the markets. Many times these will be stocks that have big news out recently, there is fresh interest in getting the word out on these stocks or we hear a buzz in our day to day contacts on these stocks. If we think it is going to move or see action, we put it in the StockGuru Spotlight. If we are compensated for a stock in the Spotlight, it will be clearly disclosed within this Spotlight Announcement. If you think a company should be featued in the StockGuru Spotlight, please let us know. If you are a key person for a publicly traded company, we can consider your company for either a StockGuru Spotlight or a StockGuru Profile. Please contact our Publisher John Pentony at the [email protected]. You may also telephone John Pentony at (469) 252-3031. Stockguru.com (“SG”) provides its members with the latest news, press releases, and research reports for all the companies highlighted on the site. SG utilizes information believed to be reliable herein prepared all material. The information contained herein is not guaranteed by SG to be accurate, and should not be considered to be all-inclusive. The owner, publisher, editor and their associates are not responsible for errors and omissions. They may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. Any opinions expressed are subject to change without notice. SG encourages readers and investors to supplement the information in these reports with independent research and other professional advice. All information on featured companies is provided by the companies profiled, or is available from public sources and SG makes no representations, warranties or guarantees as to the accuracy or completeness of the disclosure by the profiled companies or the information contained herein. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. SG is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed onhttp://www.Stockguru.com or mentioned herein.
As mentioned above, GRH is an old client. They are not active, so here is the last disclaimer: GRH Disclosure: StockGuru entered into an investor relations consulting and market awareness contract with GreenHunter Energy. We hold not shares and will not be receiving any shares. To avoid all potential conflicts of interest, we never sell shares into the open market during an active market awareness or investor relations program. This means that as we release new information about a particular client company either on our site or otherwise authored by us, you can be confident we are not selling shares at the same time. StockGuru is not a registered investment adviser or a broker/dealer. StockGuru makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment in such securities will be profitable. The Company will compensate us three thousand dollars monthly in cash and four thousand two hundred dollars in 144 restricted shares based on the volume weighted average share price for the last five days of each month. Initially, we have been funded the first cash payment and are due the first five thousand shares of this contract as we begin our coverage on July 19, 2011. StockGuru – 1601 Berwick Drive – McKinney, Texas 75070 – (469) 252-3031.
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