Frac Water Treatment Stocks Alert; (OTC: ABDH), (AMEX:GRH), (TSX.V: SDS)
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News about GreenHunter Energy, Inc.
New York, NY - March 1, 2012 – Investorideas.com, a leader in sector research including water stocks and energy stocks continues coverage in the energy and water series, with a trading and news snapshot for March 1st.
ABTECH HOLDINGS, INC (OTCBB: ABHD) is trading up at $0.749, up 0.028(3.88% as of 10:23AM EST. The Company announced yesterday that it has been invited to present at the upcoming 24th Annual ROTH Conference on Monday, March 12, 2012, at 5:30 p.m. (PT). The conference is being held at the Ritz Carlton in Dana Point, California. Earlier in February the Company reported it had closed a private placement. According to the release, "the proceeds from the current bridge will further support and accelerate the Company's plans to reinforce its engineering and regional sales field taskforce personnel to further the nationwide rollout of its stormwater program, and its effort to develop additional water treatment system applications of its patented technology for the oil and gas industry, including frac water treatment, as well as commercialize its products in industrial process water treatment."
GreenHunter Energy, Inc. (NYSE Amex:GRH) is trading up at $ 3.23, up 0.21(6.95%) 11:24AM EST on over 190,000 shares. The Company recently presented at the February 22nd EnerCom's Oil & Services Conference 10 held at the Omni San Francisco. The Company also reported in February it closed on the acquisition of 100% of the ownership interest of three fully operational commercial salt water disposal (SWD) wells and associated facilities located in Washington County, Ohio and Lee County, Kentucky. The total purchase price for this acquisition was approximately $8.8 Million. The stock has a 52 week range of 0.61 - 3.66.
SEAIR INC (TSX.V: SDS) is trading up at $1.29, up 0.04(3.20%) 11:13AM EST. Earlier this week the Company released its first quarter financial statements for fiscal 2012. According to the Company, "revenue for the quarter ending November 30, 2012 was $1,006,690, or 116% higher than fiscal 2011. The increase was primarily attributable to a rebound in the portable wastewater treatment business, with revenue from rentals to oilfield camps being approximately 400% higher than in the prior year."
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