MCW Energy Group: US oil production and distribution company starts trading on the Frankfurt Stock Exchange
MCW Energy Group listed on the Open Market of Frankfurt Stock Exchange - Canadian oil company grows steadily - Price per share between € 0,50 and € 0,60 in the first week - Great potential for investors - Innovative oil sand recovery technology with high environmental standards.
- (1888PressRelease) March 16, 2011 - Canada - MCW Energy Group started trading on the Frankfurt Stock Exchange. Since 1 March 2011, the shares of MCW Energy Group are listed on the Open Market of the Frankfurt Stock Exchange. The abbreviation of the shares is MW4, the security identification number is A1C878 and the international ISIN is CA55278G1037. The decision to be listed on the Frankfurt Stock Exchange is the logical step to continue the success story of the Canadian company. "As for our future business, we expect great potential. With this first milestone, to be listed on the Frankfurt Stock Exchange, reached we can take advantage of the opportunities offered by the capital market. We want to gain the interest from private and institutional investors", comments David Sutton, CEO of MCW Energy Group. In the next year, MCW Energy Group expects a good development in the European stock market. In 2010, McWhirter Distributing Co, Inc., one of MCW's portfolio companies, posted a revenue of $ 188.7 million and a gross profit of $ 2.7 million.
MCW Energy Group has a long history as an oil producer and fuel distributor. The company has been in business since 1938. MCW has two principal portfolio companies: the fuel distributor "McWhirter Distributing Co." based in Southern California and the oil sand recovery venture "MCW Oil Sands Recovery LLC" based in Utah. McWhirther Distributing Co., the leading supplier of petroleum products in the West Coast of the USA, delivers more than 70 million gallons annually and serves 150 service station customers.
"MCW's oil sands recovery technology, which stands alone in the industry with respect to environmental safety and efficiency, has the special know-how and the capacities to open vast U.S. oil sands reserves to production. We already have the rights to the oil production in Utah on a large scale", states Aleksandr Blyumkin, COO of MCW Energy Group. MCW Energy Group continues its focus on the oil production in environmentally-safe technologies. MCW's technology emits minimal greenhouse gases; it does not require water; and it works efficiently on a wide range of oil and sediment types. The company expects rapid growth of revenue, from sales of crude oil recovered from Utah oil sands under lease, and through improved competitive positioning in its core fuel distribution business.
Background information about MCW Energy Group:
MCW Energy Group is a Canadian holding company that is poised for rapid growth. MCW currently has two principal portfolio companies: McWhirter Distributing Co., the fuel distributor based in Southern California, and MCW Oil Sands Recovery LLC, a break-through oil sands recovery venture with operations in Utah. Based on conservative projections of oil pricing as well as operating costs, MCW's oil sands recovery economics have a promising future. Beginning in 2011, the company expects strong revenue growth. www.mcwenergygroup.com
Press Contact:
MCW Energy Group
David Sutton
CEO MCW Energy Group
334 Main St., Suite 101
Shediac, NB, E4P2E5 Canada
Tel.: 001 (800) 979-1897
FAX: 001 (866) 571-9615
Email: info ( @ ) mcwenergygroup dot com
fr financial relations gmbh
Jörn Gleisner
Senior Consultant Investor and Public Relations
Tel.: 0049 (0)69 95 90 83 0
Fax: 0049 (0)69 95 90 83 99
EMail: j.gleisner ( @ ) financial-relations dot de
###
space
space
Satisfied Users & 
Approved Press Releases
Print
Email
Report Spam