Vivakor Signs LOI to Sell Midstream Assets to Olenox for $36 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6d ago
0mins
Should l Buy OLOX?
Source: Globenewswire
- Transaction Overview: Vivakor has signed a non-binding Letter of Intent with Olenox Industries to sell its midstream business and transportation assets for approximately $36 million, with payment structured through a combination of cash, notes, and stock.
- Financial Impact: The deal is based on Vivakor's annual EBITDA of $4.56 million, which is expected to strengthen its balance sheet and allow a sharper focus on its Permian Basin crude oil supply and trading operations.
- Strategic Synergies: Olenox's acquisition will expand its service market, increase fee-based predictable revenue, and lower per-well costs by aligning midstream logistics with field services to enhance uptime.
- Future Outlook: The parties are working towards a targeted closing on or before March 31, 2026, and the successful completion of this transaction will provide Vivakor with greater market opportunities while enhancing Olenox's competitiveness in the energy sector.
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Analyst Views on OLOX
Wall Street analysts forecast OLOX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for OLOX is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 0.963
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About OLOX
Olenox Industries Inc., formerly Safe & Green Holdings Corp., is an industrial holding company. The Company is focused on acquiring, operating, and scaling businesses that provide engineered solutions across industrial, energy, and infrastructure markets. Through its subsidiaries, including Giant Containers, the Company delivers modular and containerized systems designed for rapid deployment and long-term performance.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Vivakor Signs LOI to Sell Midstream Assets to Olenox for $36 Million
- Transaction Overview: Vivakor has signed a non-binding Letter of Intent with Olenox Industries to sell its midstream business and transportation assets for approximately $36 million, with payment structured through a combination of cash, notes, and stock.
- Financial Impact: The deal is based on Vivakor's annual EBITDA of $4.56 million, which is expected to strengthen its balance sheet and allow a sharper focus on its Permian Basin crude oil supply and trading operations.
- Strategic Synergies: Olenox's acquisition will expand its service market, increase fee-based predictable revenue, and lower per-well costs by aligning midstream logistics with field services to enhance uptime.
- Future Outlook: The parties are working towards a targeted closing on or before March 31, 2026, and the successful completion of this transaction will provide Vivakor with greater market opportunities while enhancing Olenox's competitiveness in the energy sector.
See More
Olenox Industries to Acquire Vivakor's Midstream Assets for $36 Million
- Acquisition Intent: Olenox Industries has signed a non-binding Letter of Intent to acquire CPE Gathering MidCon's midstream business and transportation assets from Vivakor for approximately $36 million, with the deal expected to close by March 31, 2026, enhancing the company's market presence in the STACK region.
- Financial Context: The transaction is based on an annual EBITDA of $4.56 million from Vivakor, with Olenox planning to pay through a combination of cash, promissory notes, and common and preferred stock, thereby enhancing its financial flexibility and capital structure.
- Market Expansion Strategy: Olenox's acquire-and-integrate strategy aims to strengthen its core brands and enhance market competitiveness by reducing per-well costs and increasing uptime through the integration of midstream logistics with field services, boosting predictable fee-based revenue.
- Operational Synergies: The acquisition is expected to support Olenox's unified development across energy, technology, and infrastructure platforms, enhancing operational efficiency through integrated gathering and terminal services, thereby creating synergies to drive long-term growth.
See More
Vivakor Signs LOI to Sell Midstream Assets to Olenox for $36 Million
- Transaction Overview: Vivakor has signed a non-binding Letter of Intent with Olenox Industries to sell its midstream business and transportation assets for approximately $36 million, with payment structured through a combination of cash, notes, and stock.
- Financial Impact: The deal is based on Vivakor's annual EBITDA of $4.56 million, which is expected to strengthen its balance sheet and allow a sharper focus on its Permian Basin crude oil supply and trading operations.
- Strategic Synergies: Olenox's acquisition will expand its service market, increase fee-based predictable revenue, and lower per-well costs by aligning midstream logistics with field services to enhance uptime.
- Future Outlook: The parties are working towards a targeted closing on or before March 31, 2026, and the successful completion of this transaction will provide Vivakor with greater market opportunities while enhancing Olenox's competitiveness in the energy sector.
See More
Olenox Industries to Acquire Vivakor's Midstream Assets for $36 Million
- Acquisition Intent: Olenox Industries has signed a non-binding Letter of Intent to acquire CPE Gathering MidCon's midstream business and transportation assets from Vivakor for approximately $36 million, with the deal expected to close by March 31, 2026, enhancing the company's market presence in the STACK region.
- Financial Context: The transaction is based on an annual EBITDA of $4.56 million from Vivakor, with Olenox planning to pay through a combination of cash, promissory notes, and common and preferred stock, thereby enhancing its financial flexibility and capital structure.
- Market Expansion Strategy: Olenox's acquire-and-integrate strategy aims to strengthen its core brands and enhance market competitiveness by reducing per-well costs and increasing uptime through the integration of midstream logistics with field services, boosting predictable fee-based revenue.
- Operational Synergies: The acquisition is expected to support Olenox's unified development across energy, technology, and infrastructure platforms, enhancing operational efficiency through integrated gathering and terminal services, thereby creating synergies to drive long-term growth.
See More
