$HLRTF Low-Float EV Play w/ Tremendous Upside
Alert Price: $0.0475
Float: 142.27M
Technical Analysis
Company Website | Corporate Presentation | Recent News
Members,
We've just found a hidden gem in the clean energy sector that could see a huge move very soon.
Please turn your immediate attention to Hillcrest Petroleum Ltd. (HLRTF).
This low-float clean energy play appears to be grossly undervalued among its peers, and has recently made a huge announcement that is sure to get the attention of the Street!
The Company has licensed rights to monetize certain U.S. patented technologies and related future innovations which could potentially provide transformational step change energy efficiencies across current power and transportation infrastructure.
Just a few days ago, the Company announced that it is entering the booming EV (Electric Vehicle) sector which is projected to reach $802.81 billion by 2027.
President-elect Joe Biden has pledged a clean energy revolution that could create job opportunities for millions of middle-class workers.
The $2 trillion climate plan announced by Biden envisions a monumental shift to alternative energy sources over the following three decades.
The clean energy rally is just starting, and at less than $0.05 per share, HLRTF may offer you the most upside potential within the space!
That being said, we ask that you read our full profile below, start your research, and add HLRTF to the top of your watchlist.
About the Company
Hillcrest Petroleum Ltd., is a Canadian junior energy production company headquartered in Vancouver, British Columbia, Canada.
The Company is pursuing enhanced shareholder value through a transition from fossil fuel production toward clean technology applications. This transition from a traditional oil and gas business model solely focused on reserve growth toward a diversified business model that transforms earnings into clean technology investments creates dynamic efficiencies that will enable the company to balance short-term revenue maximization with long-term business disruption risk and expand the company’s reach into a global market.
Hillcrest, starting with the incorporated joint venture partnership, intends to transition from fossil fuel production to a diverse range of products, services, and processes that harness renewable materials and energy sources, dramatically reduce the use of natural resources, and cut or eliminate emissions and wastes. The U.S. and European Union Licensing Agreements provide a substantial opportunity for Hillcrest and extends the company’s reach into the global market. Transitioning away from Fossil Fuels to carbon reduced and clean energy technology recognizes the wide held interest of the investment community and their global move to fund environmentally safer concepts and industries, thereby adding potential to faster growth and longevity.
Hillcrest Petroleum Ltd. shares are publicly traded on the TSX.V under the symbol HRH and in the USA under the symbol HLRTF.
Corporate Highlights
100% Working Interest
July 30, 2020 - Company agreed terms to acquire the remaining working interest in the West Hazel field from its joint venture partner for 3,000,000 shares of the Company, to give 100% working interest, subject to exchange approval.
Private Placement
August 4, 2020 - Company closed an oversubscribed private placement of 20,442,000 units at a price of $0.05 per unit for gross proceeds of $1,022,100.
Warrant Incentive
August 4, 2020 - Company closed the early warrant exercise incentive program intended to encourage the early exercise of up to 22,894,446 outstanding common share purchase warrants. 17,479,668 eligible warrants were exercised resulting in gross proceeds of $873,984.
Loan Retirements
Retired over $1,500,000 in hard loans and Company payables. All previously defaulted loans have been retired – shares for debt submission pending, subject to exchange approval.
Licensing Agreement
August 12, 2020 - Company executed previously announced US Licensing Agreement with Oropass Ltd.
Saskatchewan – West Hazel Property
Current Field Development
Approximately $1m invested to upgrade production/injection facilities and restart field production (Q1 2019)
Current Production (4 wells) 150 bbl/d
Phase 1. Development Plans:
2 development wells targeting GP (Q3 2020), Waseca (2021)
2 Sparky well recompletions (2021)
Expected Oil Production >400 bbl/d
Capital Investment C$ 1,600,000
Gross Monthly Revenue C$ 300,000*
Indicative Asset valuation with Phase 1 development*
Undiscounted Cashflow C$ 4,000,000
Cashflow NPV @ 10% discount C$ 3,500,000
Potential to double asset value above with full field development (additional wells and recompletions)
HLRTF's Switch To Clean Energy Could Send Shares Soaring
ALSET Energy Efficiency
Through the ALSET joint venture, Hillcrest has licensed rights to monetize certain
U.S. patented technologies and related future innovations which could potentially
provide transformational step change energy efficiencies across current power and
transportation infrastructure, including:
Improved energy conversion efficiency in electric transformers.
Electric generators requiring significantly less mechanical input power per watt of electric power generated.
Electric motors that allow electric vehicles to continuously charge batteries while operating under load.
Global electric motor sales total nearly $100B (U.S.) annually with solid growth projections into the future, largely driven by electric vehicles. If the U.S. licensing Joint Venture could capture even 1% of this market, the company could realize $1B (U.S.) in annual sales volume for this single area of application.
HLRTF Signs Joint-Venture & Enters The $162B EV (Electric Vehicle) Market
Signs Letter of Intent to Develop ESS Solutions for Renewable Energy
Extreme Vehicle Battery Technologies Corp. is pleased to announce that it has signed a letter of intent to form a joint venture with Hillcrest Petroleum Ltd. (TSX-V: HRH; OTCQB: HLRTF) (“Hillcrest”). The purpose of the joint venture will be for each party to contribute their respective clean energy intellectual property, technology, specialized technical capability and management to develop and commercialize scalable, smart, renewable energy management systems to service the rapidly growing electric vehicle (EV) and energy storage solutions (ESS) markets.
Through partnership and combined expertise, the Company and Hillcrest intend to jointly develop and market power systems and technologies to commercial and residential communities, electrical equipment manufacturers and industries where energy efficiency and energy storage solutions are fundamental to achieving carbon neutrality and energy self-sufficiency. The parties hope to enter into a definitive agreement respecting the proposed joint venture by the end of 2020.
Hillcrest’s motor and generator control system technology provides system components complimentary to EV Battery Tech’s battery management systems (BMS) and ESS technology. Specifically, the components could be used for controlling and optimizing electricity generation and storage as part of optimized power systems to effectively generate, store and deploy clean power from renewable sources to a potential multitude of uses. Potential commercial users of these systems include residential and business communities, companies that manufacture renewable energy generation equipment, EVs and the Company’s proprietary smart charging stations.
“Aligning and combining our technologies, opportunities and abilities of both companies will result in robust, leading edge, clean energy propositions targeting rapidly developing markets for renewable energy systems,” commented Don Currie, CEO of Hillcrest.
Bryson Goodwin, President and CEO of the Company comments: “Our recent EcoVille news release highlights our commitment to create some of the world’s most eco-friendly ESS solutions enabling buildings to source power from renewable sources and deploy energy reliably throughout the day. The EcoVille ESS solutions will be powered by the Company’s patented Battery Management System (BMS) which has revolutionary features such as real-time monitoring and remote maintenance. Our signed letter of intent with Hillcrest represents a potential marriage of two fundamentally compatible and synergistic technologies. Hillcrest offers a system which, when combined with our proprietary technology, may give a competitive edge to both parties’ ESS and variable power consumption solutions. The world is transitioning to “Smart” effective green solutions and ACDC is proud to be at the forefront in these developments.”
Technical Analysis
We've done our very own chart analysis and see the potential for a big move from here
Bullish Indicators:
Bullish reversal on stochastic
Histogram rising approaching zero-line.
Bull-Flag on RSI
Volume dominated by buy side
100 & 200 moving averages rising and providing strong support
The Bottom Line
The clean energy rally is just starting, and at less than $0.05 per share, HLRTF may offer you the most upside potential within the space!
The chart is showing us the potential for a major bullish reversal.
This low-float clean energy play appears to be grossly undervalued among its peers, and has recently made a huge announcement that is sure to get the attention of the Street!
That being said, we ask that you read our full profile below, start your research, and add HLRTF to the top of your watchlist. By Viewing this Content, you Agree that you Have Read and are in Full Understanding of both our Disclaimer & Privacy Policy(*Remember to use a Stop-Loss Order to protect your gains, as well as limit possible losses.)
Best regards,