One major initiative that Pointer has implemented in 2019 is to assist our clients with project financing. We have partners that will finance projects from a few million dollars up to several hundred million dollars. Our goal is to help our customers, while we provide at least part of the equipment needs of the specific project. We have deep experience with debt and equity fundraising as our CFO has 25 years experience in capital markets and can conduct private FINRA regulated transactions. If you have a project that requires financing, please give us a call to discuss. We view this initiative as a way to further align our interests with our clients long-term.
Section 179 of the tax code allows 100% depreciation of equipment in first year, but the deadline is end December. See section179.org for more details. From the site “Section 179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying equipment purchased or financed during the tax year. That means that if you buy (or lease) a piece of qualifying equipment, you can deduct the FULL PURCHASE PRICE from your gross income. It’s an incentive created by the U.S. government to encourage businesses to buy equipment and invest in themselves.”
Pointer Power and Compression is pleased to announce the completed sale of our three G3616 Gensets today. We continue to be on the lookout for used and new/surplus power and compression equipment. We pay promptly with no games and have an expansive network to both source and sell equipment.
A battle is playing out in Midland, TX between employee-starved local businesses and multinational energy companies who are poaching local residents left and right for high-paying jobs as the latest Permian Basin shale-oil boom accelerates. Midland Mayor Jerry Morales says the boom is a double-edged sword; while the energy industry has increased sales-tax revenue by 34% year-over-year, an incredibly low unemployment rate of 2.1% has resulted in a severe shortage of low-paying jobs around town-such as the 100 open teaching positions, according to Bloomberg.
Orders for the mining machines and construction bulldozers made at this sprawling Caterpillar Inc. () factory in central Illinois have jumped, in general, three-fold over the past year. But meeting that boom in demand at the world's largest heavy equipment manufacturer is a challenge, in part because of Caterpillar suppliers like Steve Kirsh...
Bloomberg article notes that forward prices for oil have been surging--indicating underlying strength in the price.
Brent crude will reach $90 a barrel by 2020 as new international shipping regulations take effect, overhauling the types of fuels produced by refiners, the bank’s analysts said in a report...
China is on track to double its shale gas production to 17 billion cubic meters over the next three years, according to Wood Mackenzie analysts.
In a note released yesterday and cited by Reuters, Wood Mac said China will add almost 700 new wells by 2020 at three large fields, two of them operated by PetroChina and one by Sinopec, all in northwestern China. The energy consultancy has estimated the combined investment in the new production capacity at US$5.5 billion.
- sources: oilprice.com, Reuters
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