Latest news with #Vivakor
Globe and Mail
5 days ago
- Business
- Globe and Mail
Vivakor (NASDAQ: VIVK) Expands Strategic Oil Logistics in Permian Basin
Vivakor (NASDAQ: VIVK) an integrated energy services provider, is advancing its growth strategy across the Permian and Eagle Ford Basins with a focus on expanding its crude oil storage, logistics, and marketing operations. The company operates 10 pipeline injection stations in key areas of the Permian Basin, aggregating crude volumes from well sites and connecting to major pipelines including Centurion, Plains Basin Pipeline, and the West Texas System. Chairman and CEO James Ballengee noted these assets position Vivakor as a vital logistics hub, offering producers market access while optimizing revenue and returns. With the Permian generating over 40% of U.S. oil output, Vivakor's infrastructure plays a key role in supporting growing production and energy demand. To view the full press release, visit About Vivakor, Inc. Vivakor, Inc. is an integrated provider of sustainable energy transportation, storage, reuse, and remediation services, operating one of the largest fleets of oilfield trucking services in the continental United States. Its corporate mission is to develop, acquire, accumulate, and operate assets, properties, and technologies in the energy sector. Vivakor's integrated facilities assets provide crude oil and produced water gathering, storage, transportation, reuse, and remediation services under long-term contracts. Once operational, Vivakor's oilfield waste remediation facilities will facilitate the recovery, reuse, and disposal of petroleum byproducts and oilfield waste products. About InvestorWire InvestorWire ('IW') is a specialized communications platform with a focus on advanced wire-grade press release syndication for private and public companies and the investment community. It is one of 70+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, IW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today's market, IW brings its clients unparalleled recognition and brand awareness. IW is where breaking news, insightful content and actionable information converge. For more information, please visit Please see full terms of use and disclaimers on the InvestorWire website applicable to all content provided by IW, wherever published or re-published: InvestorWire Austin, Texas 512.354.7000 Office Editor@ InvestorWire is powered by IBN
Yahoo
5 days ago
- Business
- Yahoo
EXCLUSIVE: Vivakor Bets On Permian Boom With 10 Crude Hubs
Vivakor, Inc's (NASDAQ:VIVK) announced Tuesday that its growth strategy is anchored in the Permian and Eagle Ford Basins, where the company is positioned to expand its integrated crude oil storage, logistics, and marketing value chains. Vivakor said it owns and operates 10 strategically located pipeline injection stations in the core Permian Basin in Texas and New Mexico. These facilities receive and aggregate crude oil transported by truck from production wells, throughputting volumes into interstate crude oil pipelines that include Centurion (Lotus), Plains Basin Pipeline (PAA), and the West Texas System (EPD). Also Read: James Ballengee, Vivakor Chairman and CEO, said its facilities in the Permian enabled it to support increasing volumes from upstream operators, enhance crude blending and compression efficiency, and ultimately drive revenue growth and operating leverage as activity scales. Ballengee said the Permian continues to be the biggest contributor to U.S. crude oil and NGL production, supporting international and domestic energy demand. Consistent drilling, quantities produced, and barrels brought to key markets bolstered its revenues and business model. Vivakor's infrastructure directly supports its broader strategy to deliver vertically integrated services in one of the world's most productive oil regions. With the Permian accounting for over 40% of total U.S. oil output, Vivakor's expanded operations give it a front-row seat to the sector's next growth cycle. Price Action: VIVK stock closed lower by 6.14% at $1.07 on Monday. Read Next: Rivian Stock Goes Red After Offering $1.25 Billion Green Bond To Refinance 2026 Debt Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? This article EXCLUSIVE: Vivakor Bets On Permian Boom With 10 Crude Hubs originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
Yahoo
31-05-2025
- Business
- Yahoo
Vivakor plans to issue special dividend to shareholders
Vivakor (VIVK) announced that its Board of Directors has approved a plan to issue a special dividend to Vivakor shareholders. Vivakor currently holds 206,595 shares of Adapti, a company that manages the marketing of products, data and companies through its AdaptAI software platform that matches products with the influencers to attempt to generate the best results. Based on Vivakor's current shares outstanding of approximately 47,297,347 and excluding 20,963,229 shares held by the Company's CEO and CFO who are waiving their right to the dividend, each Vivakor shareholder will be entitled to receive approximately 0.0079 shares of Adapti, common stock per Vivakor share. Based on the current share price of Adapti's common stock, the special dividend is currently valued at approximately $0.815M. Vivakor's Board of Directors will be establishing a date of record for the dividend in the next couple of weeks. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See today's best-performing stocks on TipRanks >> Read More on VIVK: Disclaimer & DisclosureReport an Issue Vivakor Stock (VIVK) Stock Rockets 85% on Special Dividend Vivakor reports Q1 EPS (21c) vs (7c) last year Vivakor Issues Restricted Stock for Dividends Vivakor Delays Q1 2025 10-Q Filing Vivakor provides FY25 outlook Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
30-05-2025
- Business
- Yahoo
EXCLUSIVE: Vivakor Announces Special Stock Dividend
Vivakor, Inc (NASDAQ:VIVK) announced on Friday that its Board of Directors has approved a plan to issue a special dividend to Vivakor shareholders. Vivakor currently holds 206,595 (approximately 13.5% of the outstanding common) shares of Adapti, Inc (OTC:BRZLD), a company that manages the marketing of products, data, and companies through its AdaptAI software platform. Based on Vivakor's current shares outstanding of approximately 47.3 million and excluding 20.96 million shares held by the company's CEO and CFO, who are waiving their right to the dividend, each Vivakor shareholder will be entitled to receive approximately 0.0079 shares of Adapti, Inc common stock per Vivakor share. Also Read: Based on the current share price of Adapti's common stock, the special dividend is worth approximately $0.815 million. Vivakor's Board of Directors will establish a date of record for the dividend in the next couple of weeks. Vivakor reported first-quarter revenue growth of 133% Y/Y to $37.3 million, primarily attributed to the sales of logistics and terminal realized through the operations of our newly acquired Endeavor Entities' businesses. Operating loss for the quarter increased 298% to $(4.8) million. EPS loss of $(0.21), compared to $(0.07) a year ago. Price Action: VIVK stock is up 7.64% at $0.9147 premarket at the last check Friday. Read Next:Photo via Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? This article EXCLUSIVE: Vivakor Announces Special Stock Dividend originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
08-05-2025
- Business
- Yahoo
Why Vivakor, Inc. (VIVK) is Crashing This Week
We recently published a list of Energy Stocks that are Losing This Week. In this article, we are going to take a look at where Vivakor, Inc. (NASDAQ:VIVK) stands against other energy stocks that are declining this week. The energy sector suffered a massive blow this week after the West Texas Intermediate (WTI) crude price plunged even further to just over $57, a level it last hit in 2021 during the COVID-19 pandemic. The sharp decline comes as a result of OPEC+ announcing a larger-than-expected output increase for June. This follows a similar production boost announced for May, meaning that the group is now bringing more than 800,000 bpd of additional supply to the market over the course of two months. Instead of acting like a stabilizing force in global oil markets, Saudi Arabia has now adopted an aggressive strategy aimed at disciplining overproducing members like Kazakhstan and Iraq, and expanding its own market share. This could also be a part of the country's efforts to build good relations with Donald Trump, who has repeatedly called on Riyadh to increase production and bring prices down. Goldman Sachs has now cut its forecast for US crude prices this year by $3 to $56 per barrel. With oil currently hovering around the $58 mark, many US shale producers will struggle to break even, forcing them to potentially stop drilling and cut jobs. In fact, two big American shale producers revealed earlier this week that they are cutting capital expenditure in response to sliding oil prices, prompting industry warnings that US production had peaked and could begin to decline. A technician in a hardhat examining a drill head inside a mining facility. To collect data for this article, we have referred to several stock screeners to find energy stocks that have fallen the most between April 30 to May 7, 2025. The following are the Energy Stocks that Lost the Most This Week. The stocks are ranked according to their share price decline during this period. At Insider Monkey, we are obsessed with the stocks that hedge funds pile into. The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here). Share Price Decline Between Apr. 30 – May. 7: 16.67% Vivakor, Inc. (NASDAQ:VIVK) is an integrated provider of energy transportation, storage, reuse, and remediation services. The stock of Vivakor, Inc. (NASDAQ:VIVK) surged by over 43% last month after the company reported impressive results for its Q4 2024, posting a revenue of $41.7 million, up by 201% YoY, while its gross profit also grew by a staggering 746% YoY. Moreover, the energy firm ended the year with a projected annual revenue run-rate exceeding $160 million, marking the highest level of contracted revenue in its history. So the recent downturn in share price could be a result of investors booking their profits, combined with the overall bearish sentiment surrounding the oil sector. Overall, VIVK ranks 2nd on our list of the energy stocks that lost the most this week. While we acknowledge the potential of VIVK as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than VIVK but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
