An Oil Company that can think Green — and they can think Energy
December 3, 2013 — Tracy Weslosky, Publisher and Editor-in-Chief of InvestorIntel interviews Dr. Gerald Bailey, CEO of MCW Energy Group, Ltd. (TSXV: MCW) is a Canadian holding company with 2 separate operations: 1) MCW Fuels: the first is a gasoline distribution system and 2) MCW Oil Sands Recovery, LLC: the second is an oil sands division. Tracy asked Dr. Bailey to speak first about MCW Fuels, noting that with 2012 gross revenues of US $400m, and only 41m shares outstanding, MCW has “a tight, tight corporate shell”
Dr. Bailey responded that MCW Fuels, headquartered in Glendale, CA is a regional gasoline distributor, and discussed how it operated, stating: “The basis of it is that we collect gasoline from the various refining entities in the Southern California region — and we are the distributors. Then we take that to the various branded stations, and also the mom and pop convenience store stations, and that’s where that huge revenue and millions of gallons transpires and gets moved about.”
Tracy sought to confirm her perspective with Dr. Bailey, asking him “You have a classic business formula where you have both revenue and technology innovations that you’re doing concurrently, is that correct?
Dr. Bailey agreed with her assessment, adding: “For the comfort of the investors, that energy distribution system, MCW Fuels, is a very solid, sound business that’s been in operation since the 1930’s (acquired by MCW within the past decade). That gives investors a backstop that gives them comfort when we go off into the oil sands recovery technology business — so it’s not like we’re a start-up company, we’re an existing oil company.”
MCW Energy Group, Ltd.: Investors can think Green — and they can think Energy
Disclaimer: MCW Energy Group, Ltd. is an advertorial member of InvestorIntel.
Tracy Weslosky is the founder and CEO for InvestorIntel Corp. (2001-Present), a leading online source of investor information that since 2001 has provided public market ... <Read more about Tracy Weslosky>