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Last C$0.77 CAD
Change Today -0.01 / -1.28%
Volume 59.8K
As of 3:55 PM 05/5/15 All times are local (Market data is delayed by at least 15 minutes).

mcw energy group ltd (MCW) Snapshot

Open
C$0.80
Previous Close
C$0.78
Day High
C$0.81
Day Low
C$0.74
52 Week High
11/24/14 - C$1.70
52 Week Low
04/6/15 - C$0.47
Market Cap
38.6M
Average Volume 10 Days
61.8K
EPS TTM
C$-0.14
Shares Outstanding
50.1M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for MCW ENERGY GROUP LTD (MCW)

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mcw energy group ltd (MCW) Details

MCW Energy Group Limited, through its subsidiaries, distributes oil and diesel products in western United States. The company operates in two segments, Fuel Distribution and Oil Extraction from Tar Sands. The Fuel Distribution segment is engaged in the marketing and sale of unleaded and diesel land fuel products, and related services in southern California. It distributes gasoline and diesel fuels, including branded and unbranded fuel to service stations, as well as provides branding services. The Oil Extraction from Tar Sands segment is involved in the tar sands mining and oil processing activities using a closed-loop solvent based extraction system that recovers bitumen from surface mining. The company has a working interest in an oil sands lease that covers an area of 1,128 acres and is located in the Asphalt Ridge, Uinta Basin, Utah. Its oil sands lease has a proven/probable resource of approximately 50 million barrels of oil. The company was formerly known as MCW Enterprises Ltd. and changed its name to MCW Energy Group Limited in December 2012. The company is headquartered in Glendale, California. MCW Energy Group Limited is as a subsidiary of MCW Enterprises Ltd.

mcw energy group ltd (MCW) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $240.0K
Executive Chairman
Total Annual Compensation: $338.4K
Chief Financial Officer
Total Annual Compensation: $7.5K
Chief Technology Officer
Total Annual Compensation: $120.0K
Compensation as of Fiscal Year 2014.

mcw energy group ltd (MCW) Key Developments

MCW Energy Group Limited Announces Board Changes

MCW Energy Group Limited announced that Robert Dennewald has joined the board of directors of the company to replace Igor Sosnovskiy who has resigned to focus on other business responsibilities. Mr. Dennewald has been the Chairman of Business Federation Luxembourg (FEDIL) since 2006 and is a Vice-President of the Luxembourg Chamber of Commerce. He is also a member of the board of directors of the Jean-Pierre Pescatore Charity Foundation. He is a director of ING Luxembourg S.A. and of Redline Capital Partners.

MCW Energy Group Limited Executes Loan Agreement with Private Arm's Length Lender

MCW Energy Group Limited has executed a loan agreement with a private arm's length lender. Pursuant to the loan agreement the lender has advanced $2 million to MCW at a rate of 6% per annum, payable on maturity on February 9, 2015. The use of proceeds for this loan requires MCW to use the funds to complete the necessary work to commence commercial operation of its oil sands extraction plant in Asphalt Ridge, Utah.

MCW Energy Group Limited Details Further Progress of its Initial Oil Sands Extraction Plant in Utah

MCW Energy Group Limited announced further details on its progress to move its initial extraction plant into full production mode in January, 2015, as discussed in its most recent press release dated December 15th, 2014. MCW's initial extraction plant was officially unveiled on October 1st, 2014 in Vernal, Utah, where the plant's extraction capabilities were successfully demonstrated to a large group of investors, government officials and media. During the months of October and November, MCW had all the permits in place for a limited demonstration testing mode production stage up to 50 bbl/day. The next phase is to move the plant into a commercial production mode which will have an anticipated capacity of 250 bbl/day. Pursuant to this next step, an exemption for an Air Quality Permit has been filed. A Groundwater Permit Application has also been completed. These permits from Utah will authorize the plant's operation up to an anticipated production capacity of 250 bbl/day. MCW expects that these permits will be in place during the month of January, 2015.

 

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Valuation MCW Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.1x
Price/Book 539.6x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.0x
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