|
|
Standard & Poor's Initiates Factual Stock Report Coverage on Capital City
Energy Group, Inc.
Standard & Poor's announced today that it has commenced Factual Stock Report
coverage on Capital City Energy Group, Inc.
Based in Columbus, Ohio, Capital City Energy Group, Inc. (OTCBB: CETG) is an
energy company focused on the oil and natural gas industry. Capital City Energy
Group has rapidly expanded from being a leader in the design, management, and
sponsorship of retail and institutional direct participation energy programs,
to becoming one of the few vertically integrated independent oil and natural
gas companies. The company's strategy is to continually grow a portfolio of
core areas which provide opportunities through drilling, operating, oil field
service companies, acquisitions and management of energy assets. This strategy
is accomplished through three primary operating focus areas known as the Triad
business model. The Triad consists of Principal Investments, Fund Management
and Strategic Acquisitions of energy-related companies.
Through the Principal Investment Division, Capital City currently derives over
90% of its revenue from over 200 separate energy properties located in 14
States which are located in virtually every major oil and natural gas basin in
the Continental United States. These energy properties are fractional ownership
interests in oil and natural gas wells, coal-bed methane, pipelines, lease
acreage and royalty interests. The Company shares ownership interest in many of
these energy properties alongside some of the major oil and natural gas
companies such as Williams Exploration, Devon Energy, Cabot Oil & Gas
Corporation and PetroQuest Energy.
Through the Fund Management Division, Capital City's wholly owned subsidiary
Avanti Energy Partners establishes and manages energy funds for investors. The
funds are direct participation programs called the Capital City Energy Funds
and are marketed through regional broker-dealers for the benefit of their
clients.
Through the Strategic Acquisitions Division, Capital City's wholly owned
subsidiary Eastern Well Services is a growing oilfield services company which
will operate in many of the significant oil and natural gas producing regions
of the United States. Eastern is actively pursuing acquisitions of oilfield
service companies that are interested in joining "partnership relationships"
rather than traditional buyouts.
This report will also be accessible on an ongoing basis to the investment
community -- scores of buy-side institutions and sell-side firms that utilize
S&P research and information platforms daily. Millions of self-directed
investors also have access to the report via their e-brokerage accounts.
About Standard & Poor's Factual Stock Reports
This Standard & Poor's service provides factual research coverage enabling
information about Capital City Energy Group, Inc. and other securities to reach
a wide investor audience of Buy and Sell-side investors, helping them
understand a company's fundamentals and business prospects. Currently profiling
over 1,000 issuers, S&P Factual Stock Reports increase market awareness for
issuers in the investment community with insightful commentary and key
statistics/information. Updated weekly with the latest pricing, trading volume,
and other data, the reports include recent developments, a financial review,
key operating information, Industry and peer comparisons, institutional
holdings analysis, Street Consensus and opinions, performance charts, business
summary, fundamental data, and news. Because coverage of these reports is
sponsored by the issuer, S&P does not offer investment opinions concerning the
advisability of investing in these stocks.
Standard & Poor's Factual Stock Reports are produced separately from any other
analytic activity of Standard & Poor's. Standard & Poor's Factual Report
research has no access to non-public information received by other units of
Standard & Poor's. Standard & Poor's does not trade on its own account.
Note: All U.S. and Canadian Companies listed on a National Exchange (not
covered by S&P's STARS research) are eligible to obtain this coverage.
About Standard & Poor's
Standard & Poor's, a division of The McGraw-Hill Companies (NYSE: MHP), is the
world's foremost provider of financial market intelligence, including
independent credit ratings, indices, risk evaluation, investment research and
data. With approximately 8,500 employees, including wholly owned affiliates,
located in 23 countries, Standard & Poor's is an essential part of the world's
financial infrastructure and has played a leading role for more than 140 years
in providing investors with the independent benchmarks they need to feel more
confident about their investment and financial decisions. For more information,
visit http://www.standardandpoors.com.
Capital City Energy Group, Inc.
Timothy W. Crawford, CEO, 614-310-1614
tcrawford@xxxxxxxxxxxxxxxxxxxxx
Standard & Poor's:
Customer Contact:
Richard Albanese, 212-438-3647
richard_albanese@xxxxxxxxxxxxxxxxxxxx
Media Relations:
Michael Privitera, 212-438-6679
michael_privitera@xxxxxxxxxxxxxxxxxxxx
(UNSUBSCRIBE INFORMATION)
To unsubscribe (opt out) of mailing lists from Investor Relations, click the
following URL:
http://imailerexpress.ibeamsolutions.com/optout.aspx?c=125636&r=1075017
|
|