The catastrophic oil spill in the Gulf of Mexico has generated an increased interest on Enviro Voraxial Technology Inc. (OTCBB: EVTN) offering and expertise. As a result, the Company’s stock price increased nearly 120% from $0.38 on April 30, to $1.04 on June 18. The price growth was accompanied by a solid increase in trading activity with average daily trading volume exceeding $300,000 in June compared to $50,000 in May.
The company has developed and patented the Voraxial® Separator, a technology that separates large volumes of liquid/liquid, liquid/solids or liquid/liquid/solids fluid mixtures with distinct specific gravities. EVTN believes that the superior separation quality is achieved in real-time, and in much greater volumes, with a more compact, cost effective and energy efficient machine than any comparable product on the market today. The Voraxial® Separator’s unique characteristics allow the technology to be used in various industries for many different applications, including oil spill recovery.
EVTN recently announced that British Petroleum notified EVTN that it is reviewing Voraxial® Separator technology for possible application to its oil spill response program. According to management a single Voraxial® 4000 Separator, EVTN’s medium size model, can separate over 700,000 gallons of oil/water mixture per day. EVTN’s largest model, the Voraxial® 8000 Separator can separate over 5 million gallons of oil/water mixture per day. BP estimated that it could stop the leak entirely in August and by that time the total amount of oil discharged will be approaching 2 million barrels or 84 million gallons. BP estimated that approximately 200,000 barrels have been collected so far, which represents approximately 10% of the total expected amount of oil leaking.
BP has now ordered 32 of Kevin Costner’s Ocean Therapy centrifuge machines some of which are expected to begin operation by the end of June. Skimmer vessels are expected to pump the oily water onto a barge where the machines are said to be able to process 600,000 gallons per day. That suggests that the machines could have the oil cleaned up in as little as six months, if they can get to it. EVTN’s largest model, the Voraxial® 8000 Separator with a capacity of 5 million gallons of oil/water mixture per day, can complete the clean up process much faster.
EVTN has reported tiny revenue to date, but expects to show up robust growth going forward, since the current situation with BP’s Deepwater Horizon spill created an immediate demand for its offering. The Company anticipates completing twice as many projects in 2010 as compared to 2009 which will result in greater revenues. Moreover, the U.S. Minerals Management Service is expected to spell out a series of additional safety measures and environmental requirements for offshore drillings that could require exploration and drilling companies to have oil spill recovery technologies in place to prevent the expansion of eventual leakings in the future.
About BeaconEquity.com
BeaconEquity.com is committed to producing the highest-quality insight and analysis of small cap stocks, emerging technology stocks, hot penny stocks and helping investors make informed decisions. Our focus is primarily on the underserved OTC stocks market, or “penny stock” market, which has traditionally been shunned by Wall Street. We have particular expertise with renewable energy stocks, biotech stocks, oil stocks, green energy stocks and internet stocks. There are many hot penny stock opportunities present in the OTC market everyday and we seek to exploit these hot stock gains for our members before the average daytrader is aware of them.
- Need fast service and cheap rates from a broker? Buy stock online at my favorite brokerage
- See today’s top stock picks and market analysis
- Want more? Check out the message board buzz for these stocks
- See what newsletters are recommending these stock picks
- Get breaking news alerts on these stocks: http://thestockmarketwatch.com/
- This newsletter has been helping traders make a killing on these stocks. Click here for a 25% discount offer.
About BeaconEquity.com
BeaconEquity.com is committed to producing the highest-quality insight and analysis of small-cap stocks, emerging technology stocks, hot penny stocks and helping investors make informed decisions. Our focus is primarily OTC stocks in the stock market today, which have traditionally been shunned by Wall Street. We have particular expertise with renewable energy stocks, biotech stocks, oil stocks, green energy stocks and internet stocks. There are many hot penny stock opportunities present in the OTC market everyday and we seek to exploit these hot stock gains for our members before the average daytrader is aware of them.
Beacon Equity Group Disclaimer
This newsletter is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Beaconequity.com is a wholly-owned subsidiary of BlueWave Advisors.
While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a real licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.
