Welcome to our dedicated page for Mogul Energy Intl news (Ticker: MGUY), a resource for investors and traders seeking the latest updates and insights on Mogul Energy Intl stock.
Mogul Energy International, Inc. is a private oil and gas operator based in Houston, Texas. With a professional management team experienced in oil and gas exploration and development, the company focuses on exploiting highly prospective lands near existing oil and gas assets. Currently, Mogul holds producing assets in Jackson and San Patricio County, Texas.
Recently, Mogul Energy International announced a strategic expansion of its fleet by acquiring 40 new trucks to replace older models with more efficient and environmentally friendly alternatives. This move underscores the company's commitment to operational excellence, sustainability, and growth in the energy transportation sector. By upgrading its fleet, Mogul aims to optimize operations, reduce emissions, and enhance driver safety while meeting the increasing demand for energy transportation services.
The company's dedication to providing reliable and eco-conscious transportation solutions, along with its strategic growth plan, positions Mogul Energy International for a sustainable and resilient future. With a focus on industry trends, innovation, and environmental responsibility, the company is prepared to adapt and thrive in the energy transportation sector.
Mogul Energy International, Inc. (OTC PINK: MGUY) has engaged Turner Stone & Company LLP as its independent accounting firm and PCAOB Auditor, marking a significant step towards enhancing transparency and accountability for shareholders. This partnership aims to audit Mogul Energy's financial statements for 2021 and 2022, leveraging Turner Stone's 30 years of industry experience. The engagement adheres to PCAOB standards, ensuring the accuracy and reliability of financial reporting. CEO Ronen Koubi emphasized that this move will boost market position and trust with investors, affirming the company's commitment to high financial reporting standards. Mogul Energy provides transportation and logistics services focusing on time-sensitive cargo.
Mogul Energy International (OTC PINK: MGUY) provided a corporate update focusing on its growth strategy for 2023. Following the acquisition of the Flora group, MGUY aims to strengthen its position in refrigerated transport and logistics. The perishable goods transportation market is projected to grow significantly, with a forecasted CAGR of 7.22% by 2026. MGUY targets revenue of $185 million by 2025 while improving profitability. The company plans to enhance operations and seek additional acquisitions to expand its customer base. To secure future growth, MGUY will focus on financing, relationship-building, and leveraging data from COVID-19 for operational improvements.
Mogul Energy International, Inc. (OTC: MGUY) has acquired the FLORA group of companies, which includes Florida Beauty Flora, Floral Logistics of California, and Tempest Transportation. This acquisition enhances MGUY's refrigerated trucking and logistics capabilities, targeting the floral and food industries. Ronen Koubi has taken over as CEO after the merger through a reverse triangular merger, exchanging 10,000 preferred shares and 350 million common shares for FLORA's 100% ownership. The company anticipates revenue growth from $70 million in 2022 to $185 million by 2025, and EBITDA growth from $3.6 million to $8.1 million.
FAQ
What is the current stock price of Mogul Energy Intl (MGUY)?
What is the market cap of Mogul Energy Intl (MGUY)?
Where is Mogul Energy International, Inc. based?
What are the core operations of Mogul Energy International?
What recent milestone did Mogul Energy International achieve?
Why is the fleet expansion significant for Mogul Energy International?
What is Mogul Energy International's commitment to sustainability?
How does Mogul Energy International plan to adapt to industry trends?
What is Mogul Energy International's strategic growth plan?
Who is the CEO of Mogul Energy International?
What benefits does the fleet expansion bring to Mogul Energy International?
What is the primary focus of Mogul Energy International's recent partnership?
