Featured

Viking Energy Group: A Cutting-Edge Energy Player Focused On A Net Zero Carbon Footprint

Many energy companies use marketing strategies to portray a greener-than-reality image.  The small cap we’re watching is one of the rare players with a genuine emphasis on a net zero carbon footprint combined with a solid strategy focused on renewable fuels and innovative and sustainable technologies space – Viking Energy Group, Inc. (OTCQB:VKIN).

Company Overview

Viking Energy Group, Inc., previously an independent exploration and production company, has pivoted from being a pure oil & gas participant and has started to execute on a growth-oriented diversification strategy that is starting to transform the organization.  Through recently acquired majority-owned subsidiaries, Viking now provides custom energy and power solutions to commercial and industrial clients in North America.  The company also holds an exclusive license to a patented carbon-capture system in Canada, and as recently disclosed, has a controlling interest in an entity that owns the intellectual property rights to a proprietary Medical & Bio-Hazard Waste Treatment System utilizing Ozone Technology.

Value Added Acquisitions

With a series of value-added acquisitions, Viking Energy is strengthening its already-established platform and recognizable brand to position the company for additional expansion throughout North America. One of their recent investments was the August 2021 acquisition of a majority interest of around 60.5% in Simson-Maxwell Ltd, a leading manufacturer and supplier of industrial engines, power generation products, services, and custom energy solutions. In business for over 80 years, Simson-Maxwell combines innovative technology with superior products to contribute to global energy sustainability. Its diverse workforce at seven branch locations services over 4,000 maintenance contracts as it helps meet the energy and power-solution needs of the company’s broad customer base.

Later in August announced it had signed a licensing agreement with ESG Clean Energy, LLC, developers of clean energy solutions and net zero carbon footprints for distributed power generation. The agreement will allow Viking to use ESG’s patents and know-how in the field of stationary electric power generation, including methods to use heat and capture CO2. The license is exclusive in Canada and non-exclusive for up to 25 locations in the U.S. The ESG Clean Energy System is truly distinctive as it generates clean electrical energy from internal combustion engines and uses waste heat to capture 100% of the carbon dioxide emitted from the engine without sacrificing efficiency. The process in turn facilitates the production of precious commodities (e.g. distilled/ de-ionized water; UREA (NH4); ammonia (NH3); ethanol; and methanol) for sale.  This is an excellent move by the company in the direction of sustainability in an era when most oil majors are struggling to control their carbon footprint and should definitely win them some brownie points with their stakeholders.

In November 2021, Viking Energy entered into a Membership Interest Purchase Agreement to acquire a group of companies which are in the process of engineering, developing, constructing, and bringing into commercial operations a processing plant located in Reno, Nevada. This plant is designed to produce renewable diesel, also known as green diesel. Renewable diesel fuel is a biofuel that is chemically identical to petroleum diesel fuel and is produced using renewable feedstocks rather than crude oil, utiliuzing a variety of thermochemical processes, including hydrotreating, gasification, and pyrolysis. This acquisition could be a game changer for Viking Energy as it would mark their presence in the biofuels market which is expected to be a fast-growing market in the future. It would certainly help them expedite their growth strategy and add a whole new dimension to the valuation of the company’s stock.

Most recently, Viking Energy announced it had acquired a 51% interest in an entity that owns the intellectual property rights to a proprietary Medical & Bio-Hazard Waste Treatment System utilizing Ozone Technology.  Designed to treat bio-hazardous and regulated medical wastes using ozone as a deactivating agent, the Ozone system is a major step forward in waste treatment technology and benefit multiple institutions and organization ranging from hospitals and laboratories to military facilities, resorts and hotels.  The market for medical waste treatment is upwards of $20 billion annually and Viking reports it is already in discussions with potential clients for this vital and rapidly growing process.

Final Thoughts

Source: Google Finance

Viking Energy’s stock price trajectory has been volatile like any other microcap of its size. It is worth mentioning that the company has maintained its track record of delivering on its mandate and has made the most out of the rising oil prices. Its current annual revenue run rate is around $40 million and could increase significantly with new acquisitions and the commercialization of the carbon capture technology. The stock is currently trading at hardly 1.8 times price-to-sales and around 15 times enterprise-value-to-EBITDA and we clearly see immense scope for multiples expansion. We are bullish on Viking Energy Group and we believe that this energy player could really provide excellent returns in the medium to long term horizon.


Legal Disclaimer

No Positions. Please see our Full disclaimer here

Disclaimer

This website is a wholly owned subsidiary of Salesparq, LLC, herein referred to as Salesparq, LLC. Our publications are a commercial advertisement and are for general information purposes ONLY. We are engaged in the business of marketing and advertising companies for monetary compensation. We may receive compensation for this article on a PPC basis as an affiliate. Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. The disclaimer is to be read and fully understood before using our services, joining our site or our email/blog list as well as any social networking platforms we may use.PLEASE NOTE WELL: Salesparq, LLC and its employees are not a Registered Investment Advisor, Broker Dealer or a member of any association for other research providers in any jurisdiction whatsoever.Release of Liability: Through use of this website viewing or using you agree to hold Salesparq, LLC, its operators owners and employees harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damage (monetary or otherwise), or injury (monetary or otherwise) that you may incur. The information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data. Salesparq, LLC encourages readers and investors to supplement the information in these reports with independent research and other professional advice. All information on featured companies is provided by the companies profiled, or is available from public sources and Salesparq, LLC makes no representations, warranties or guarantees as to the accuracy or completeness of the disclosure by the profiled companies. None of the materials or advertisements herein constitute offers or solicitations to purchase or sell securities of the companies profiled herein and any decision to invest in any such company or other financial decisions should not be made based upon the information provided herein. Instead Salesparq, LLC strongly urges you conduct a complete and independent investigation of the respective companies and consideration of all pertinent risks. Readers are advised to review SEC periodic reports: Forms 10-Q, 10K, Form 8-K, insider reports, Forms 3, 4, 5 Schedule 13D. Salesparq, LLC is compliant with the Can Spam Act of 2003. Salesparq, LLC does not offer such advice or analysis, and Salesparq, LLC further urges you to consult your own independent tax, business, financial and investment advisors. Investing in micro-cap and growth securities is highly speculative and carries and extremely high degree of risk. It is possible that an investors investment may be lost or impaired due to the speculative nature of the companies profiled. The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements indicating certain actions & quote; may, could, or might occur. Understand there is no guarantee past performance will be indicative of future results.In preparing this publication, Salesparq, LLC has relied upon information supplied by its customers, publicly available information and press releases which it believes to be reliable; however, such reliability cannot be guaranteed. Investors should not rely on the information contained in this website. Rather, investors should use the information contained in this website as a starting point for doing additional independent research on the featured companies. Salesparq, LLC has not been compensated for this article. The advertisements in this website are believed to be reliable, however, Salesparq, LLC and its owners, affiliates, subsidiaries, officers, directors, representatives and agents disclaim any liability as to the completeness or accuracy of the information contained in any advertisement and for any omissions of materials facts from such advertisement. Salesparq, LLC is not responsible for any claims made by the companies advertised herein, nor is Salesparq, LLC responsible for any other promotional firm, its program or its structure. Salesparq, LLC is not affiliated with any exchange, electronic quotation system, the Securities Exchange Commission or FINRA.
Show More

Related Articles

Back to top button