We'll get deeper into the market later but let's first look at why we mention the markets, on November 18, 2020 Hillcrest Petroleum Inc. (TSX.V: HRH) announced:
HILLCREST SIGNS LOI TO JOINT VENTURE IP, TECHNOLOGIES, AND OPPORTUNITIES WITH BATTERY MANAGEMENT AND ENERGY STORAGE SOLUTION COMPANY
Powerful news is just one reason why we are focusing on HRH today:
- Lately TSXV:HRH has been bouncing regularly between around 0.05 and 0.085.
After opening at 0.055 Friday, it closed at 0.06.
Today it climbed from a 0.06 open to close at 0.07, the day's high!
Volume rose sharply as well, topping 10.7 million today - it's possible that another vertical move may be forming.
And don't forget the 52-wek high of 0.155 set back in August.
To be clear, no one is expecting to see another 589% run, yet if we continue to see a climb from here it could get very interesting very quickly.
Not to be overlooked in all of this, amidst a pandemic that has crippled the global economy, HRH managed to grow their Total Assets.
In their most recent filing they showed Total Asset growth from March 31, 2020 to June 30, 2020 of over 21%, impressive when considering the current climate.
And they could be adding to that reported growth, they announced in August that they had executed a US Licensing Agreement with Oropass Ltd., enabling development, licensing, and marketing of US patented, electricity generation and electric motor technologies.
As part of the agreement, a joint venture will be incorporated under the name ALSET Innovations Inc. in which HRH will hold 50% of all shares.
The evening multiple of the most popular technical analysis sites are offering favorable "opinions", inlcuding:
- TradingVew's Technical Analysis "Summery" is "Strong" Green (as pictured above):
https://www.tradingview.com/symbols/TSXV-HRH/technicals/
- Barchart's "Opinion" is showing 48% Green, with a "Buy" for the 20 Day Moving Average:
https://www.barchart.com/stocks/quotes/HRH.VN/opinion
Again, we'll look at what all this could mean in the future, but first let's better introduce this week's featured profile, you'll want to have Hillcrest Petroleum Inc. (TSX.V: HRH) at the top of your trading screen.
Special 2020 Mega-Profile Alert is:
Hillcrest Petroleum Inc. (TSX.V: HRH)
Website:
www.hillcrestpetroleum.com
Quote:
https://money.tmx.com/en/quote/HRH
Corporate Presentation:
Amvest Webinar Presentation October 8, 2020
In their own words: "Hillcrest is a Canadian oil producer operating multiple wells in the province of Saskatchewan. To complement its oil production, Hillcrest is also pursuing opportunities related to clean energy technology with the potential to substantially reduce greenhouse gas emissions through its 50% ownership in ALSET Innovations Inc. ALSET is a technology partnership with rights to exclusively license and market innovative efficient power generation and electric motor technologies in the USA and also to exclusively market this technology in the EU."
Let's go back and look at the press release we mentioned earlier in the report in which HRH announced they had signed an "LOI To Joint Venture IP, Technologies, And Opportunities With Battery Management And Energy Storage Solution Company."
The news stated HRH "signed a Letter of Intent with Extreme Vehicle Battery Technologies Corp., to form a joint venture whereby each party contributes their respective clean energy IP, technology, specialized technical capability and management to develop and commercialize scalable, smart, renewable energy management systems to service the rapidly growing electric vehicle (EV) and energy storage solutions (ESS) markets."
As part of the agreement both companies will jointly develop and market power systems and technologies to:
- commercial and residential communities
- electrical equipment manufacturers
- industries where energy efficiency and energy storage solutions are fundamental to achieving carbon neutrality and energy self-sufficiency
Earlier we mentioned the clean energy technology and renewable energy markets and their projected growth, the projected growth in for the EV and ESS markets are just as impressive:
- The global electric vehicle market is projected to reach $802.81 billion by 2027 (ResearchAndMarkets)
- The energy storage market is projected to grow to $546 billion by 2035 (Lux Research)
Most people are familiar with the growth of EVs, thanks in large part to Tesla, but the reality is most auto manufacturers have made firm commitments to producing more eco-friendly vehicles.
- In 2010 there were 17,000 electric cars, in 2019 there were 7.2 million- a 423x increase in less than a decade
While EVs have grabbed a lot of the headlines the ESS market holds significant potential as well and that's evidenced by some of the names that have invested directly into the market.
- Bill Gates, Jeff Bezos, Michael Bloomberg, Richard Branson and Jack Ma are all directly involved in ESS ventures
News of this LOI with Extreme Vehicle Battery Technologies comes shortly after HRH updated shareholders regarding their Licensing Agreement with Oropass Ltd and their created joint venture, ALSET Innovations Inc.
As part of that update HRH stated:
"The Company is excited about the potential the disruptive energy efficiency technology offers across a wide range of the energy industry applications. Initial discussions are underway with the first of several parties whom have indicated interest in the technology with discussions focused on defining potential licensing, partnering or co-developing opportunities."
"Potential technology partners showing interest include companies involved in manufacturing or refitting electric vehicles, manufacturing or operating wind turbines, manufacturing, sales and distribution of electric generators and installing electrical vehicle charging stations."
Don Currie, Hillcrest CEO, has noted "The ALSET Partnership is moving quickly to establish its position to market this exceptionally promising clean energy technology."
ALSET plans to license the technology to companies manufacturing electricity generation equipment like diesel generators, wind turbines and Electric Vehicles (EVs).
The technology has been developed in Canada over the last 20 years and has been shown to increase electrical generation efficiency by as much as 80% in lab tests.
Prototype applications have successfully been tested on an electric motorcycle. If scaled up to an electric vehicle, there is the potential to extend range from 400 miles to over 700 miles from a single battery charge, Hillcrest has said.
HRH expanded their involvement and responsibilities within the ALSET partnership for the US Licensing and European Union marketing and deployment agreements.
This expanded involvement will include responsibility for business planning and leading direct discussions with potential technology development partners.
The LOI with EV Battery Technologies goes to show HRH is committed to their stated goal of capitalizing in these growing markets.
Not to be lost in HRH's developments as a clean energy technology company is the company's success as an oil producer, operating multiple wells in Saskatchewan.
To learn more about HRH's oil operations please visit their October presentation:
Hillcrest Presentation October 8, 2020
Currie explained just how impactful these operations have been for the company:
"The company was able to leverage oil production revenues with new opportunities such as the disruptive energy efficiency technology ALSET is licensing and marketing. This provides Hillcrest with a diversified platform from which to potentially add substantial company growth value."
Considering the global trends and growing demands to reduce our carbon footprint HRH has positioned themselves well to capitalize in a market that is expected to explode over the coming years.
As has been noted, the technologies HRH has licensed "have been shown to substantially increase efficiency of conventional electrical generators in laboratory testing. This provides the potential for wind turbines to be significantly smaller for the same power generation or power generated from current wind turbine installations could potentially be substantially increased. In full scale electric vehicle applications, the technology has the potential to extend the range well past the industry average of 400 miles on a single battery charge."
"Wide application of this technology has the potential to significantly reduce reliance on fossil fuel energy and accelerate the transition to carbon free energy. Efficiencies from adopting this new technology could potentially provide lower cost electricity for remote communities by substantially reducing diesel fuel requirements and accelerate a transition to electric vehicles by increasing their range from a battery charge."
We have pointed out the historical runs that HRH has made after we profiled them in the past, pointed out the game-changing news that they have released, and highlighted the explosive markets in which they are operating.
HRH closed at 0.07 today, up 17% on the day.
HIGHLIGHTS:
- Market Cap is just $7.475 Million (according to TradingView)
- Total Assets grew 21% from Q1 to Q2 this year
- Several favorable indicators from top analysis sites
- Involvement in some of the most popular markets on the planet
- Multiple Multi-billion dollar markets
In recent months we've had the privilege to profile several remarkable "growth focused" companies in the Canadian markets and we are thrilled to be the one bringing these young, companies to light - but when you see one of these companies setting annual highs and gaining 589%, that company stands out.
Today we are laser focused on that company once again, make sure you have it on you screen.
TSXV:HRH is a Canadian company that is starting to attract attention from the Canadian small market community and beyond - the recent news could be a game-changer considering the high degree of publicity and demand in the EV and energy storage markets, and could build momentum as it catches more eyes.
Now may be the perfect time to take a closer look at TSXV:HRH.
If we see HRH move back upward towards recent higher levels, it could be highly exciting to watch. Of course, the opposite could also be true; always be smart and protect yourself.
HRH closed at 0.07 today (Monday).
This situation could be heating up.
We urge members to start researching TSXV:HRH right away! This could be an exceptional situation developing as we speak.
For further information on TSXV: HRH visit the company's website at www.hillcrestpetroleum.com or a quote at https://money.tmx.com/en/quote/HRH.
As always, we encourage you to do further research.
Very Best Regards,
Editor, SCC
https://www.cnn.com/2020/07/14/politics/joe-biden-clean-energy-
plan/index.html
https://www.prnewswire.com/in/news-releases/electric-vehicle-market-
size-is-expected-to-reach-usd-802-81-billion-by-2027-valuates-reports-
895821749.html
https://www.globenewswire.com/news-
release/2020/10/13/2107753/0/en/The-global-battery-energy-storage-
system-market-size-is-expected-to-grow-at-a-CAGR-of-32-8-from-2020-
to-2025-reaching-USD-12-1-billion-by-2025-from-USD-2-9-billion-in-
2020.html
https://www.alliedmarketresearch.com/battery-metals-market-A07179
https://www.businessinsider.com/promises-carmakers-have-made-
about-their-future-electric-vehicles-2020-1?r=MX&IR=T
https://www.cnbc.com/2020/10/20/gm-to-invest-more-than-2-billion-in-
the-us-to-increase-ev-production-.html
https://seekingalpha.com/article/4380558-electric-vehicle-investment-
roadmap
Tidak ada komentar:
Posting Komentar