VI

Vivakor

VIVK
Energy
$2.21
USD
-0.08(-3.49%)
At close: Apr 30, 20:00 UTC
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Open

$2.37

Prev. Close

$2.48

High

$2.37

Low

$2.37

Market Snapshot

Market Cap

$1.76M

P/E Ratio

-0.0

Why VIVK moved

Vivakor Inc. has secured a $72 million crude oil transaction, aimed at enhancing its trading operations and driving long-term growth in the energy sector.

About

Vivakor, Inc. engages in the operation, acquisition, and development of clean energy technologies and environmental solutions that focus on soil remediation. The company is headquartered in Dallas, Texas and currently employs 150 full-time employees. The company went IPO on 2009-08-17. Its integrated facilities assets provide crude oil storage, transportation, future reuse, and remediation services under long-term contracts. Its oilfield waste remediation facilities will facilitate the recovery, reuse, and disposal of petroleum byproducts and oilfield waste products. Its segments include transportation logistics and terminaling and storage. Transportation and facilities services primarily consist of trucking crude oil and produced water and transportation and terminaling services of crude oil via the Omega Gathering Pipeline. Its trucking services are centered in the Permian and Eagle Ford Basins. Terminaling and storage products and services primarily consist of two operational crude oil terminaling facilities. These crude oil terminals are industrial facilities that serve as hubs for the storage, handling and distribution of crude oil and petroleum products.

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