Forum Energy Technologies

Stonegate Capital Partners Initiates Coverage on Forum Energy Technologies, Inc. (FET)

Retrieved on: 
Tuesday, March 5, 2024
Forum Energy Technologies, Telescopic sight

Dallas, Texas--(Newsfile Corp. - March 5, 2024) - Forum Energy Technologies, Inc. (NYSE: FET): Stonegate Capital Partners initiates their coverage on Forum Energy Technologies, Inc. (NYSE: FET).

Key Points: 
  • Dallas, Texas--(Newsfile Corp. - March 5, 2024) - Forum Energy Technologies, Inc. (NYSE: FET): Stonegate Capital Partners initiates their coverage on Forum Energy Technologies, Inc. (NYSE: FET).
  • To view the full announcement, including downloadable images, bios, and more, click here .
  • Click image above to view full announcement.

Forum Energy Technologies to Delay Issuance of Fourth Quarter and Full Year 2023 Earnings Release and Investor Conference Call; Provides Preliminary Results and 2024 Guidance

Retrieved on: 
Tuesday, February 20, 2024
Other Energy, Utilities, Oil, Gas, Alternative Energy, Energy, Machinery, Machine Tools, Metalworking & Metallurgy, Manufacturing, Natural gas, Trans Mountain pipeline, Perception, Safety, Income tax, GAAP, Forum Energy Technologies, FET, Bank statement

Forum Energy Technologies, Inc. (NYSE: FET) today announced that it will delay the issuance of its fourth quarter and full year 2023 earnings release and investor conference call.

Key Points: 
  • Forum Energy Technologies, Inc. (NYSE: FET) today announced that it will delay the issuance of its fourth quarter and full year 2023 earnings release and investor conference call.
  • FET expects to issue its fourth quarter and full year 2023 results and host its investor conference call around March 1, 2024.
  • Fourth quarter 2023 revenue was $185 million, a $6 million increase from the third quarter.
  • Adjusted EBITDA for the fourth quarter 2023 is expected to be in the range of $15 to $17 million.

Forum Energy Technologies Completes Acquisition of Variperm Energy Services

Retrieved on: 
Friday, January 5, 2024
Other Energy, Oil, Gas, Natural Resources, Other Manufacturing, Energy, Machinery, Mining, Minerals, Manufacturing, Gibson Dunn, Sand, Goldman Sachs, Hand, Acquisition, Vinson & Elkins, Goodmans, Forum Energy Technologies, Perception, ABL, TPH, FET, Safety, Perella Weinberg Partners, Employment, Natural gas

Forum Energy Technologies, Inc. (NYSE: FET) today announced it has completed the acquisition of Variperm Energy Services (“Variperm”), a leading manufacturer of customized downhole technology solutions, providing sand and flow control products for heavy oil applications.

Key Points: 
  • Forum Energy Technologies, Inc. (NYSE: FET) today announced it has completed the acquisition of Variperm Energy Services (“Variperm”), a leading manufacturer of customized downhole technology solutions, providing sand and flow control products for heavy oil applications.
  • We expect the combined global footprint of FET and Variperm to benefit both legacy FET and Variperm products,” said Neal Lux, President and CEO of FET.
  • Variperm was represented by TPH&Co., the energy business of Perella Weinberg Partners, as financial advisor and Vinson & Elkins LLP and Bennett Jones LLP as legal counsel.
  • FET (Forum Energy Technologies) is a global company, serving the oil, natural gas, industrial and renewable energy industries.

Forum Energy Technologies Receives Approval to Proceed with Variperm Acquisition from Canadian Competition Bureau

Retrieved on: 
Thursday, December 21, 2023
Other Energy, Oil, Gas, Natural Resources, Other Manufacturing, Energy, Machinery, Mining, Minerals, Manufacturing, Competition Bureau, Acquisition, Projection, Forum Energy Technologies, Perception, FET, Safety, Natural gas

Forum Energy Technologies, Inc. (NYSE: FET) today announced that it has received approval from the Canadian Competition Bureau to proceed with its planned acquisition of Variperm Energy Services.

Key Points: 
  • Forum Energy Technologies, Inc. (NYSE: FET) today announced that it has received approval from the Canadian Competition Bureau to proceed with its planned acquisition of Variperm Energy Services.
  • The acquisition is expected to be immediately accretive to FET’s margins and cash flow.
  • At closing, FET’s net leverage ratio is expected to be 1.9x with liquidity of $142 million.
  • FET (Forum Energy Technologies) is a global company, serving the oil, natural gas, industrial and renewable energy industries.

Forum Energy Technologies Announces Appointment of Ms. Leslie Beyer to its Board of Directors

Retrieved on: 
Monday, December 4, 2023
Other Manufacturing, Women, Other Energy, Oil, Gas, Manufacturing, Energy, Machinery, Mining, Minerals, Consumer, Natural Resources, Forum Energy Technologies, Safety, NYSE, White House Executive Chef, Senate, FET, Natural gas, Congress, Dan Sullivan (U.S. senator), Management

Forum Energy Technologies, Inc. (NYSE: FET) today announced the appointment of Ms. Leslie Beyer to its board of directors.

Key Points: 
  • Forum Energy Technologies, Inc. (NYSE: FET) today announced the appointment of Ms. Leslie Beyer to its board of directors.
  • Ms. Beyer will also serve as a member of the Nominating, Governance and Sustainability Committee.
  • Ms. Beyer is the former Chief Executive Officer of the Energy Workforce and Technology Council (EWTC), the global energy technology and services association representing over 650,000 employees in the energy workforce.
  • FET will surely benefit from her experience and knowledge.”
    Ms. Beyer stated, “I am joining the FET Board of Directors at a critical time in the energy industry’s history.

Traction Uranium and Forum Energy Metals Identify New Conductive Trends from Airborne Geophysical Survey on the Grease River Project, Athabasca Basin

Retrieved on: 
Thursday, November 2, 2023
Magnetism, Fond, Traction, Forum, Property, FRA, NE, Uranium, OTC, Donald Duck filmography, News, EM, Axiom, CSE, National instrument, TDEM, TRAC, Athabasca Basin, Anomaly, National Instrument 43-101, SMDI, Forum Energy Technologies, FMC, Grease, Oil, Surveying, Uranium mining, Athabasca

The survey was conducted over the entire Grease River claims totaling 10,528 hectares along the Grease River Shear Zone (Figure 1).

Key Points: 
  • The survey was conducted over the entire Grease River claims totaling 10,528 hectares along the Grease River Shear Zone (Figure 1).
  • The total domain EM data has outlined several prospective conductive trends along and north of the Grease River shear zone.
  • The survey has also outlined several conductive trends that require follow-up in the East block claims (Figure 3).
  • The southern claim block rests within the Athabasca Basin and the northern claim block is outside the Athabasca Basin.

Traction Uranium and Forum Energy Metals Complete Airborne Geophysical Survey on the Grease River Project, Athabasca Basin

Retrieved on: 
Wednesday, June 28, 2023
TRAC, CSE, Donald Duck filmography, Uranium, Athabasca Basin, Property, Forum Energy Technologies, FRA, Traction, Fond, NE, National instrument, OTC, National Instrument 43-101, FMC, Forum, News, Oil, Uranium mining

The survey was conducted over the entire Grease River claims totaling 10,528 hectares along the Grease River Shear Zone (Figure 1).

Key Points: 
  • The survey was conducted over the entire Grease River claims totaling 10,528 hectares along the Grease River Shear Zone (Figure 1).
  • Location of the Grease River Project in northern Saskatchewan nearby the community of Fond-du-Lac.
  • The Grease River Project consists of two separate claim blocks situated along the NE-trending Grease River Shear zone, a major intracontinental shear zone greater than 400 km long.
  • The Company further notes that the Grease River Project claims are located along trend of the deposit to the southwest and northeast.

Traction Uranium and Forum Energy Metals Commence Airborne Geophysical Survey on the Grease River Project, Athabasca Basin

Retrieved on: 
Wednesday, May 10, 2023
TRAC, CSE, Donald Duck filmography, Uranium, Property, Forum Energy Technologies, FRA, Traction, Fond, NE, National instrument, OTC, National Instrument 43-101, FMC, Forum, News, Oil, Uranium mining, Athabasca Basin

The 1,290 line-km survey will be conducted at a 100 metre line spacing over the entire Grease River claims totaling 10,528 hectares along the Grease River Shear Zone (Figure 1).

Key Points: 
  • The 1,290 line-km survey will be conducted at a 100 metre line spacing over the entire Grease River claims totaling 10,528 hectares along the Grease River Shear Zone (Figure 1).
  • The Grease River Project is located within the north-central margin of the Athabasca Basin near the community of Fond du Lac.
  • The Grease River Project consists of two separate claim blocks situated along the NE-trending Grease River Shear zone, a major intracontinental shear zone greater than 400 km long.
  • The Company further notes that the Grease River Project claims are located along trend of the deposit to the southwest and northeast.

Lithium Americas Announces New Chief Financial Officer

Retrieved on: 
Wednesday, April 26, 2023
Lithium, Cox School of Business, University, Dedman College of Humanities and Sciences, Ireland, LAC, Business, Southern Methodist University, Forum Energy Technologies, MBA, David G. Booth, Separation, Credit Suisse, BBA, Lithium Corporation of America, Bank of America, Retirement, Peter Klein (CFO), CFO, TSX, UBS, Methodist University, Bank, Forum, NYSE, Management, Economics

VANCOUVER, British Columbia, April 26, 2023 (GLOBE NEWSWIRE) -- Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) (“Lithium Americas” or the “Company”) today announced the retirement of Eduard Epshtein and the appointment of Pablo Mercado as Executive Vice President and Chief Financial Officer (“CFO”) to succeed Eduard as CFO of Lithium Americas.

Key Points: 
  • VANCOUVER, British Columbia, April 26, 2023 (GLOBE NEWSWIRE) -- Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) (“Lithium Americas” or the “Company”) today announced the retirement of Eduard Epshtein and the appointment of Pablo Mercado as Executive Vice President and Chief Financial Officer (“CFO”) to succeed Eduard as CFO of Lithium Americas.
  • Eduard will continue to work with Lithium Americas as an advisor supporting the Separation and the financial reporting needs of both businesses.
  • “Eduard has been the CFO of Lithium Americas since 2007, and has made significant contributions to the success of our business,” said George Ireland, Chairman.
  • We welcome Pablo to the Lithium Americas team.”
    “I am excited to announce Pablo’s appointment as Lithium Americas’ new CFO,” said Jonathan Evans, President and CEO of Lithium Americas.

Traction Uranium and Forum Energy Metals Engage Axiom Exploration Group to Conduct Airborne Magnetic, Electromagnetic and Radiometric Survey on the Grease River Project

Retrieved on: 
Tuesday, February 21, 2023
OTC, Forum Energy Technologies, Collection, Traction, Property, National Instrument 43-101, National instrument, Electronics, FRA, TRAC, News, FMC, AS350, NE, Survey, Area, TDEM, Geology, Fond, Uranium, CSE, Rare-earth element, Surveying, Uranium mining

CALGARY, Alberta, Feb. 21, 2023 (GLOBE NEWSWIRE) -- Traction Uranium Corp. (CSE: TRAC) (OTC: TRCTF) (FRA: Z1K) (the “Company” or “Traction”) and Forum Energy Metals Corp. (TSX.V: FMC; OTCQB: FDCFF)  (“Forum”) are pleased to announce they have engaged Axiom Exploration Group Ltd. (“Axiom”) to conduct airborne magnetic, electromagnetic (EM) and radiometric surveys on the Grease River Project (the “Survey”).

Key Points: 
  • CALGARY, Alberta, Feb. 21, 2023 (GLOBE NEWSWIRE) -- Traction Uranium Corp. (CSE: TRAC) (OTC: TRCTF) (FRA: Z1K) (the “Company” or “Traction”) and Forum Energy Metals Corp. (TSX.V: FMC; OTCQB: FDCFF)  (“Forum”) are pleased to announce they have engaged Axiom Exploration Group Ltd. (“Axiom”) to conduct airborne magnetic, electromagnetic (EM) and radiometric surveys on the Grease River Project (the “Survey”).
  • The Survey will be conducted using a helicopter equipped with New Resolution Geophysics (“NRG™”)’specially designed Xcite™ Time Domain Electromagnetic System (“TDEM”).
  • The Survey will be conducted over an area comprising the Grease River Project (the “Area”) ensuring complete coverage of the area outlined in Figure 1.
  • These variations in the magnetic fields aids the team in structural mapping and defining prospective drill targets for the Grease River Project.