THESE 4 Stocks Are Primed to Help Increase US Domestic Energy While Cutting Emissions April 29, 2022 - Baystreet.ca VANCOUVER – Soaring gas prices and threats to energy security have forced the US government to embrace domestic fossil fuels, just one year after pledging to restrict drilling on public lands and launching an ambitious clean energy agenda. As oil producers in petroleum hubs like Texas prepare to increase production, activists are voicing their concern over the potentially higher emissions that could follow. Here are FOUR companies with recent developments coming from oil tech, energy service and production: Delek US Holdings, Inc. (NYSE:DK), Vertex Energy Inc. (NASDAQ:VTNR), ChampionX Corporation (NASDAQ:CHX), and NexTier Oilfield Solutions Inc. (NYSE:NEX). Delek US Holdings, Inc. (NYSE:DK) Newly formed DKL Delaware Gathering LLC, is a subsidiary of Delek US Holdings that’s set to acquire the equity interests of privately held 3Bear Delaware Holding-NM LCC for $624.7 million. The move expands Delek’s footprint into the northern part of the Permian Basin, by taking on 3Bear’s crude oil and natural gas gathering, processing and transportation businesses, as well as water disposal and recycling operations in the New Mexico portion of the Delaware sub-basin. “The 3Bear management team has developed strong producer relationships and a world-class asset base in the heart of the Delaware Basin,” said Delek Logistics general partner CEO Uzi Yemin. According to the company’s chief after the acquisition, “[Delek is] witnessing significant growth in our existing Permian gathering system. This level of growth and demand from producers provides us with confidence to move forward with this transaction.” Vertex Energy Inc. (NASDAQ:VTNR) Houston-based Vertex Energy completed the acquisition of a 90,000 barrels-per-day refinery in Mobile, Alabama from Shell. Originally announced in June of 2021, the deal was finally completed, having Vertex pay out $75 million in cash, plus the value of the hydrocarbon inventory, as well as approximately $25 million related to specified capital expenditures and other closing adjustments. “As we look out to the remainder of 2022, we expect refined product margins on conventional fuels production at the Mobile refinery to remain at elevated levels, given strong regional demand conditions, while our legacy assets continue to benefit from favorable product spreads,” said Vertex President and CEO Benjamin P. Cowart. “Entering 2023, we intend to layer on the financial benefit of renewable diesel fuel production which, given current commodity prices and credit values, will position us to deliver significant value to our shareholders.” ChampionX Corporation (NASDAQ:CHX) Analysts at Piper Sandler recently upgraded their ratings and price target for ChampionX, which specializes in helping companies drill for and produce oil and gas safely and efficiently. Last December, the company expanded its decarbonization portfolio by acquiring Tomson Technologies LLC and Group 2 Technologies LLC, leaders in nano technology platforms with proven commercial applications for helping energy companies lower the carbon footprint and operating expenses of their oil and gas production operations. “The acquisition of Tomson Technologies and Group 2 Technologies adds to our suite of technologies that help our customers reduce their carbon footprint and represents another step forward on the path toward our long-term strategic priority of evolving our portfolio for sustained growth as the energy industry evolves,” said Sivasankaran “Soma” Somasundaram, President and CEO of ChampionX. NexTier Oilfield Solutions Inc. (NYSE:NEX) Analysts at both Piper Sandler and Morgan Stanley maintained their rating for energy services company NexTier Oilfield Solutions, but each also raised their price targets. The company provides well completion and production services. The company is coming off a strong 2021, having finished up the year with total revenue of $1.4 billion. "As we look ahead to 2022, we expect the pace of market recovery to remain positive and we are well-positioned to capitalize on near-term cyclical recovery," said Robert Drummond, President and CEO of NexTier. "Commodity prices are giving our customers confidence to increase consumption of our services in a market where the utilization of available frac equipment is already high."