Adams Resources & Energy, Inc. (ARE), along with its subsidiaries, is engaged in the business of marketing crude oil, natural gas and petroleum products, tank truck transportation of liquid chemicals, and oil and gas exploration and production. The Company’s segments include: Marketing Segment Subsidiaries, Transportation Segment Subsidiary and Oil and Gas Segment Subsidiary.

According to Economist Shayne Heffernan the stock has been over looked as Oil and Gas prices have recovered, the price target issued today was for $43.

The company is seeing strong institutional support.

Institutional Holders

% Shares Owned:38.31%
# of Holders:73
Total Shares Held:1,615,616
3 Mo. Net Change: 189,631
# New Positions:26
# Closed Positions:17
# Increased Positions:50
# Reduced Positions:28
# Net Buyers:22

Growth for Adams Resources & Energy Inc

 1 Year3 Years5 Years
Sales %45.32-8.237.43
EPS %165.6816.95
Dividend %5.564.466.30

 

Transportation Segment Subsidiary

Gulfmark Energy, Inc. (Gulfmark), a subsidiary of ARE, purchases crude oil and arranges sales and deliveries to refiners and other customers. Activity is concentrated primarily onshore in Texas and Louisiana with additional operations in Michigan and New Mexico. During the year ended December 31, 2011, Gulfmark purchased approximately 81,600 barrels per day of crude oil at the wellhead or lease level. Gulfmark also operates 148 tractor-trailer rigs and maintains over 54 pipeline inventory locations or injection stations.

Adams Resources Marketing, Ltd. (ARM), a subsidiary of ARE, operates as a wholesale purchaser, distributor and marketer of natural gas. ARM focuses on the purchase of natural gas at the producer level. During 2011, ARM purchased approximately 208,000 million british thermal units of natural gas per day at the wellhead and pipeline pooling points. Ada Resources, Inc. (Ada), a subsidiary of ARE, marketed branded and unbranded refined petroleum products, such as motor fuels and lubricants. In February 2012, the Company sold substantially all equipment, inventory and contracts associated with this operation.

 

 

Transportation Segment Subsidiary

Service Transport Company (STC), a subsidiary of ARE, transports liquid chemicals on a for hire basis throughout the continental United States and Canada. STC operates 285 truck tractors, of which 12 are independent owner-operator units and maintains 447 tank trailers. In addition, STC maintains truck terminals in Houston, Corpus Christi, and Nederland, Texas, as well as Baton Rouge (St. Gabriel), Louisiana and Mobile (Saraland), Alabama. Transportation operations are headquartered at a terminal facility situated on 22 Company-owned acres in Houston, Texas. The property includes maintenance facilities, an office building, tank wash rack facilities and a water treatment system.

Oil and Gas Segment Subsidiary

Adams Resources Exploration Corporation (AREC), a subsidiary of ARE, is engaged in the exploration and development of domestic oil and natural gas properties primarily in Texas and the south central region of the United States. AREC’s offices are maintained in Houston and the Company holds an interest in 405 wells, of which 41 are Company operated.

 

Shayne Heffernan

Shayne Heffernan oversees the management of funds for institutions and high net worth individuals.

Shayne Heffernan holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reached a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.Read the Terms of Service

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