MCW Energy Group (“MCW”, “the Company”) is a Canadian holding company with two principal portfolio companies, a fuel distributor based in Southern California, and a break-through oil sand recovery venture with operations in Utah. MCW’s oil sand recovery technology, which stands alone in the industry with respect to environmental safety and efficiency, has the potential to open vast U.S. oil sand reserves to production. The Company expects rapid growth, both from sales of crude oil recovered from Utah oil sands under lease, and through improved competitive positioning in its core fuel distribution business.

Beyond these positive economics is a key strategic rationale for combining the two businesses. Fuel distribution is an intensely competitive industry. While MCW’s fuel distribution business has certain advantages over competitors, profit margins are thin and prospects for growth are essentially limited to the growth rate of the overall economy. However, as a producer of oil MCW becomes a supplier to the integrated petroleum companies, e.g., BP and Valero, that wield significant power over the much smaller regional distribution companies, including McWhirter Distributing Company.

Quelle: Unternehmen