Mentor Capital Gains 390% During Move to Uranium, Coal, Oil and Gas
- Mentor Capital, Inc. successfully completed its transition into the classic energy sector, resulting in significant share price gains for the company. The Mentor Classic Energy Index has appreciated by 10.2% since its creation, indicating a positive market response to the move. Major energy companies such as Exxon and Chevron are key components of the index, further solidifying its relevance in the energy market.
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Exxon, Chevron, Occidental, Arch, and Cameco are First in Energy Index
The major components of the Mentor Classic Energy Index currently include Exxon Mobil Corporation and Chevron Corporation who have recently made major respective purchases in Pioneer Natural Resources for
The Mentor Classic Energy Index is a proprietary tracking index. It is being used by Mentor for marketing purposes to reflect the general state of the classic energy market. It is not open to separate outside investment. While the index shares are a significant overall component of Mentor Capital, Inc. value, the Company has always been an operating company with the majority of its assets comprised of operating entities. The Mentor board has recently reaffirmed its commitment to being an operating company concentrating in the uranium, coal, oil and gas businesses.
The Mentor Capital, Inc. founder and CEO is Chet Billingsley whose education and career have embraced a broad swath of energy technologies, including: nuclear engineering, fusion, oil and gas partnerships, coal gasification, liquified natural gas, solar systems, hydrogen power, geothermal, pumped hydro, and tidal power. Mr. Billingsley observes about Mentor, “Energy touches everything we do, move or make. To provide a better future for us all, the stewards of the assets of society, the men and women of business, must continually try to accomplish these things better and more efficiently. Many of us from the sciences, the keepers of the numbers, can calculate that fossil fuels and nuclear are the better and more cost-efficient source for that energy we all use for the better life we seek. For those investors that agree with this philosophy, Mentor Capital is structured to be a pure play in the oil, natural gas, coal, uranium, and related businesses for them.”
In preparation for the move to the energy sector, in 2023, Mentor sold
This press release is neither an offer to sell nor a solicitation of offers to purchase securities.
Forward-Looking Statements: This press release contains forward-looking statements within the meaning of federal securities laws, including statements concerning financial projections, financing activities, corporate combinations, product development activities, and sales and licensing activities. Such forward-looking statements are not guarantees of future results or performance and are sometimes identified by words of condition such as "should," "could," "expects," "may," "intends," "seeks," "looks," "moves," or "plans" and are subject to a number of risks and uncertainties, known and unknown, that could cause actual results or direction to differ materially from those intended or anticipated. Such risks include, without limitation: nonperformance of investments, partner and portfolio difficulties, potential delays in marketing and sales, problems securing additional financing, the potential of competitive products, services, and technologies, difficulties experienced in product development, in recruiting and retaining knowledgeable and key personnel, in protecting intellectual property, and the effects of adverse worldwide economic events, such as the coronavirus recovery, government regulations, ESG challenges, energy prices, and inflation. Further information concerning these, and other risks is included in the Company's Form 10-Q and Form 10-K filings, which, along with additional very important details on the Company, can be found here: https://ir.mentorcapital.com/all-sec-filings
The Company undertakes no obligation to update or revise such forward-looking statements to reflect new information, events, or circumstances occurring after the date of this press release.
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Mentor Capital, Inc.
Chet Billingsley, CEO
(760) 788-4700
info@mentorcapital.com
Source: Mentor Capital, Inc.
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