Boston, MA 04/01/2014 (wallstreetpr) – Emerge Energy Services LP (NYSE:EMES) is among the companies in the oil drilling business which are counting challenges due to the rough weather. While the company noted that its sand production is not interrupted thanks to its enclosed processing plants, the problematic part is shipping the sand out of the mining areas. There aren’t enough railcars and this problem is shared by almost all players in the drilling industry in Texas. Oil drilling companies use sand, water and chemicals to break up rocks and release fuel. Sand is an important component in this process and inability to get it to the drilling sites means that drilling crews are made idle, not to mention the high operating costs. Perhaps this explains why oil service companies such as Emerge Energy Services LP (NYSE:EMES) are warning investors to lower their expectations in the early months of 2014 which have increasingly come under challenging business environment, thus stifling revenue.
Attaining growth is the main focus at Visteon Corp (NYSE:VC). And the management is upbeat that if things continue rolling in the manner they are currently, hitting share price of $100 will be possible in the next 12 months. Shares currently trade around $88.44. The company which is engaged in supplies of auto interior has doubled its share price since August 2012 when it ushered in a new CEO in the form of Mr. Tim Leuliette. The reason for the significant jump in the stock price over the period is directly linked to improving results quarter after quarter. To achieve speedy growth and significant return to shareholders, the company is keen to dispose its non-core operations so as to focus on weather control technologies whose market is very promising. And for Visteon Corp (NYSE:VC), Asia is a very inviting if not promising market for its products.
RCS Capital Corp (NYSE:RCAP) Monday issued press release announcing its hiring of a new leader for its strategic transactions. The company unveiled Richard F. Williamson as SVP and Chief Counsel for its strategic transactions. This comes as the company is circling various broker-dealers for acquisition. The CEO William M. Kahane observed that having Mr. Williamson in the company’s legal teams will effectively and almost overnight boost the skill sets at the legal department.
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