BlueFire Equipment Corp. (OTC:BLFR) Stock Rallies 105: What’s the Buzz?

If you are currently looking into companies that may have come into focus on Monday, then it may be a good idea to take a look into BlueFire Equipment Corp. (OTC:BLFR), a company involved in making acquisitions in emerging industries. Yesterday, the company came into focus after it announced that it had completed the acquisition of Screaming Eagle Energy LLC, an entity involved in the buying and selling of gas-producing assets in the state of Texas.

The company also noted in its news release that the acquisition had been made during the week when Nickolas S. Tabraue, the interim Chief Executive Officer, and Kirk Yariger, the Board Chairman, were in attendance at an interview on OTC Stock Talk Space.

It was revealed that on December 14, BlueFire Equipment Corp. had completed the acquisition of an 85% stake in Screaming Eagle Energy. Screaming Eagle had been formed as a limited liability corporation in Texas. Additionally, the company did not pay any cash or exchange shares of any class for the 85% stake in Screaming Eagle. On the same day, it also emerged that Screaming Eagle had inked a letter of intent for the acquisition of oil and gas-producing assets in Texas.

The assets had a production rate of 1400 BOE a day and also demonstrated considerable drilling potential. The total area held under those assets encompassed an area of 25,000 acres. It was noted yesterday that Screaming Eagle expected the transaction to be closed at some point in the first quarter of 2024.

The latest acquisition from BlueFire Equipment Corp. followed after it acquired Screaming Eagle Partners LLC not too long ago. Both entities operate in the state of Texas. The company also stated that it aimed to leverage the acquisitions for the purpose of making a mark in the energy space.