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Blue Earth Resources (OTC Pink: BERI) to Acquire Fuel Trader Supply and Fuel Trader Resource Management

Blue Earth Resources, Inc. (OTC Pink: BERI) is engaged as an energy distribution company, which works with refineries and wholesalers in order to distribute refined fuels to large retailers and single-site operators. Shares of the energy distribution company are soaring 52% through afternoon trading on Monday, September 19, 2022.  Over the past thirty days, Blue Earth Resources has seen average daily volume of 18,333 shares. However, volume of 2.82 million shares or dollar volume of around $359,550, has exchanged hands through late trading.

Shares of Blue Earth Resources are surging after the company announced that it has entered into an agreement to acquire 100% ownership in Fuel Trader Supply (FTS) and Fuel Trader Resource Management (FTRM). Although an exact value has not been disclosed, management says it will use cash and BERI common shares to finance the acquisition. William Eaton, the owner of FTS and FTRM, will become the Chief Operating Officer of the newly combined company and will serve on the board of directors.

FTS is a bulk gas and diesel product supplier that operates within the Colonial and Plantation pipeline systems. FTS’s existing supply relationships will help Blue Earth Resources with obtaining better pricing and energy product sourcing. During 2021, FTS reported total operating revenue of $142.04 million, as of December 31, 2021.

FTRM is a provider of full-service bulk fuel inventory management solutions, including consulting, sourcing, logistics, and risk management for its energy clients. FTRM also offers its clients futures trading execution, hedging, and customized supply options. FTRM is a member of the National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC). In addition, FTRM is a guaranteed introductory broker for RJ O’Brien, Inc., a registered Futures Commission Merchant with the CFTC. For the full-year 2021, FTRM reported total operating revenues of $1.02 million, as of December 31, 2021.

Will Eaton stated: “The acquisition is very friendly and is more like a merger, allowing us to combine resources across multiple entities, while also keeping the established Fuel Trader and Blue Earth brands.  We will be able to substantially increase our consolidated revenues while simultaneously reducing our outflows.  Integrating the companies will allow us to take advantage of the inefficiencies in the supply eco system and capture additional margin from end to end.  I am excited to work more intimately with the team at BERI as we have long standing relationships that span back over decades.”

Disclosure: No position. Spotlight Growth has no relationships with any of the companies mentioned in this article and did not receive payment in any form for its creation. This is an opinion article and is not meant to be financial advise. We are not broker-dealers or investment professionals. Please conduct your own due diligence. For more information on our disclosures, please visit:

The post Blue Earth Resources (OTC Pink: BERI) to Acquire Fuel Trader Supply and Fuel Trader Resource Management appeared first on Spotlight Growth.

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