Yesterday, Canada’s energy sector jumped nearly 4% on signs of improving crude oil demand, while sentiment was also bolstered by a record increase in U.S. retail sales and prospects of more economic stimulus. Early recovery in oil demand in parts of the world is giving hope to the bulls. China’s demand for the commodity in April is nearly back to what it was for the same month last year.
One of the most important assumptions, from Alberta’s perspective, is that demand for oil will continue to grow for decades to come, as everyone from the International Energy Agency to OPEC has predicted. Crude oil could have much further to go if demand continues bouncing back, which means oil stocks seem to have a lot of upside from here.
One trick to potentially generating life-changing wealth from the stock market is to buy early-stage growth companies when their share prices still look dirt cheap. If you are looking for an oil play that does more than merely extract the black stuff from the ground, Cycle energy Industries Inc (OTC: XFLS) is right up your alley.
XFLS is trading at a discount compared to other players. And several upcoming catalysts could catapult shares higher. In our view, a bounce is all but guaranteed. Use this to your advantage to make some money back. Right now, all of the fear and negativity is priced in. That means, Cycle energy Industries Inc (OTC: XFLS) shares,in the short-term, have nowhere to go but up.
Cycle Energy Industries a Canadian corporation based in the province of Alberta, is a unique energy provider that operates three vertically integrated business units in the WCSB (Western Canadian Sedimentary Basin). We have created a vertically integrated company where each subsidiary creates value and adds support to the other.
The company was recently acquired by Xfuels Inc. Mr. Michael McLaren CEO states “The acquisition by Xfuels is an exciting step for Cycle to integrate Xfuels technology development such as the Hydrogen Generation Technology from Combustion.” Mr. McLaren also stated, “This is an excellent opportunity for Cycle to implement this technology where we have access to combustion gasses such as compressors and generators.” Mr. McLaren further stated, “Taking Cycle public on the OTC markets is progressing the company and we believe it will provide value to our shareholders as well as the ability to grow our company and take it to the next level.”
Cycle Oil and Gas focuses on acquiring & optimizing underdeveloped oil & gas assets and to employs in-house developed & licensed technologies to increase production, optimize performance & reduce costs. The company currently produces approximately 100 barrels/day of oil as well as several non-operational properties and GORRS (Gross Overriding Royalties).
Cycle Energy Services supports our Exploration and production (E&P) team with well services and end of life reclamation which gives the E&P company an unprecedented advantage over its competitors. This business plan excels by providing services that would otherwise be too costly and not financially viable for specific workovers or turn around projects. Cycle Energy Services owns and operates combo wireline-service rigs and Hydrovac Units. The focus of Cycle Energy Services is primarily end of life abandonment and reclamation of non-producing assets. The company excels by supplying fixed cost services via our custom rigs and equipment that results in reduced time onsite, faster rig in and rig out times as well as reduced number of vehicles onsite. Cycle’s efficiencies reduce the amount of fuel burned to complete the abandonment and reduces the carbon footprint to abandon wells.
Cycle Energy Technologies provides both with R&D capabilities as well as previously developed and licensed technologies that aid in increased production, reduced lifting and operation costs as well as gas and oil field intelligence. Cycle Energy Technologies flag ship technology is our mobile GTL (gas to liquid) system we have been developing and is currently implementing a pilot plant. This technology adds value added to the group by using internal production of gas and adding value by turning it into valuable chemicals and C5+ hydrocarbons as a 3-4x multiple which is industry groundbreaking.