EDITOR: | December 3rd, 2013 | 1 Comment

An Oil Company that can think Green — and they can think Energy

| December 03, 2013 | 1 Comment
image_pdfimage_print

2013-12-03-MCW-EnergyDecember 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

Editor:

Tracy Weslosky is the Founder and CEO of InvestorIntel Corp., a company that publishes InvestorIntel.com. A leading e-news source for investors, entrepreneurs and industry leaders ... <Read more about Tracy Weslosky>


Copyright © 2016 InvestorIntel Corp. All rights reserved. More & Disclaimer »


Comments

  • MCW’s Proprietary Oil Sands extraction technology requires no water | InvestorIntel

    […] December 9, 2013 — Tracy Weslosky, Publisher and Editor-in-Chief of InvestorIntel opened the discussion with a brief overview of what she and Dr. Gerald Bailey, CEO of MCW Energy Group, Ltd. (TSXV: MCW) had covered about his company in the first video segment titled: An Oil Company that can think Green — and they can think Energy (click here). […]

    December 9, 2013 - 11:48 AM

Leave a Reply

Your email address will not be published. Required fields are marked *