Newalta Corporation presents at EnerCom’s The Oil & Gas Conference®
During Newalta Corporation’s breakout session, management was asked the following questions:
- The business model you have – serving three from one facility – couldn’t your competitors do the same thing?
- The $200 million you spent in 2014 and 2015, was spent on what?
- What percentage of your total fleet is non-operating right now?
- Do you have any more charges from the fire?
- Are you receiving any subsidies and how are you dealing with the government in Alberta?
- Does the government favor you since you are concerned with waste, orphaned and abandoned wells, and so forth?
- If you have $50 million worth of equipment that is not deployed, is there geographic expansion opportunity there?
- On the produced lease volumes, what is the full service benefit of working with Anadarko?
- How much did you raise in the first quarter, how much cash do you have now, and is that enough to raise you to cash flow positive?
- Can you provide any visibility on the contract with Syncrude?
- If you don’t get the recovery, how will you pay this money in November of 2019?
- Are both of these debt issues publically traded?
- Are your debentures in Canadian funds?
You can listen to Newalta’s presentation by clicking here.
For the company’s second quarter results, click here.
Newalta Corporation (ticker: NAL) is a publically traded company on the TSX which offers an array of services including waste processing, waste management, midstream, solids management, drill site, environmental services, filtration, and onsite solutions.
The company is comprised of two operating divisions: the heavy oil division (facilities and onsite) and the oilfield division (facilities and drilling services). Heavy Oil includes eight facilities to serve both the oil sands in Alberta and the conventional heavy oil region in Alberta and Saskatchewan. The company began working in the heavy oil industry 20 years ago when it introduced centrifugation as a solution to treat waste oil emulsions. The business has expanded from processing heavy oil waste at facilities in its network to long-term contracts to process waste on the customers’ site.
In February 2015, the company completed the sale of its Industrial Division.
