/PRNewswire/ Orbital Energy Group, Inc. (Nasdaq: OEG) ("Orbital" or the "Company") today announced it has entered into a securities purchase agreement with.
Orbital Energy Group Launches Eclipse Foundation Group
Provides Specialized Drilling Services to Southern U.S.
News provided by
Share this article
Share this article
HOUSTON, Jan. 12, 2021 /PRNewswire/ Orbital Energy Group, Inc. (NASDAQ: OEG) ( Orbital Energy or the Company ) announced today the launch of a new subsidiary, Eclipse Foundation Group, a drilled shaft foundation construction company that specializes in providing services to the electric transmission and substation, industrial, communication towers and disaster restoration market sectors, with expertise in water, marsh and rock terrains.
Headquartered in Baton Rouge, Louisiana, the Eclipse team is renowned for its expertise in successfully executing projects in difficult environments, such as water, marsh, or rock terrains. Eclipse utilizes amphibious equipment and vibratory caissons to construct up to 16-foot diameter shafts at depths greater than 80 ft in marshland and deeper waters, as well as working from
As people begin to travel by car and plane once again, investors believe that the demand for energy will rise steeply. Now this could take place across a long period of time, but thereâs no doubt that oil and gas will be in need. As of January 2021, the energy industry is still down from its pre-covid highs. With that comes the potential to find companies like CDEV that could have bullish momentum left. In the past six months, shares of CDEV stock are up by over 134%. As the pandemic begins to lessen, the hopes are energy companies benefit. Will Centennial be on that list of penny stocks?
Share this article
Share this article
HOUSTON, Dec. 31, 2020 /PRNewswire/ Orbital Energy Group, Inc. (NASDAQ: OEG) ( Orbital or the Company ) today announced it has entered into a securities purchase agreement with institutional investors for the purchase and sale of 5,555,556 shares of its common stock, at a purchase price of $1.80 per share, in a registered direct offering. The closing of the offering is expected to occur on or about January 5, 2021, subject to the satisfaction of customary closing conditions.
A.G.P./Alliance Global Partners is acting as sole placement agent for the offering.
This offering is being made pursuant to an effective shelf registration statement on Form S-3 (File No. 333-239914) previously filed with the U.S. Securities and Exchange Commission (the SEC ). A prospectus supplement describing the terms of the proposed offering will be filed with the SEC and will be available on the SEC s website located at http://www.sec.gov. Electronic copies of
Top Penny Stocks For December’s Energy Stock Watch List
Why Are These 4 Penny Stocks Catching Attention?
This year has been one to remember for penny stocks. While 2020 got off to a rough start, in the past six months, many small-cap stocks have seen dramatic gains. Specifically, energy penny stocks are seeing heightened attention in recent weeks. There are a few reasons why this is the case. For one, COVID has resulted in a lower energy demand than in many years prior.
With everyone stuck at home around the world, less fuel and energy is being consumed. But, with a vaccine being distributed as we speak, some investors believe that energy consumption could move back toward pre-COVID levels. This is, of course, relatively speculative but if COVID cases decline, more people will undoubtedly be out and about.