SusGlobal Energy Corp (OTC:SNRG) Stock Gain Momentum: But Why

SusGlobal Energy Corp. (OTC:SNRG) is one of the major players in the waste-to-energy and regenerative products space. Yesterday, the company announced that it had entered into an advisory and distribution agreement with the well-known Toronto-based financial advisory outfit Oak Hill Asset Management Inc.

Oak Hill boasts an exemplary track record and skills in the investment space. As per the non-exclusive agreement that was signed by the company with Oak Hill, the latter would be responsible for performing advisory and exempt market dealer services.

Commenting on this exciting development, SusGlobal’s CEO, Mr. Marc Hazout, stated, “We are thrilled to partner with Oak Hill, a financial institution renowned for its commitment to excellence and its history of delivering superior results. This partnership represents a significant step toward our shared goal of helping our Company capitalize on the remarkable opportunities facing it and positioning us for the next leg in our development.”

The service would be aimed at helping SusGlobal Energy Corp. bring its balance sheet into better alignment with its growth opportunities. It would also help the company tackle the perception of undervaluation of SusGlobal assets in the public marketplace. In the news release, it was noted that the company believed the agreement would provide it with better access to capital and stronger guidance.

Both of those factors would eventually contribute to potentially higher success and growth in the future. SusGlobal Energy Corp. would get access to the significant network of accredited investors and lenders at Oak Hill thanks to the agreement.

Marc Hazout, the Chief Executive Officer of SusGlobal Energy Corp., spoke about the agreement yesterday. He noted that everyone at the company was thrilled to have entered into a partnership with Oak Hill. He called Oak Hill a renowned financial institution that was particularly known for its strong adherence to excellence and a strong track record of delivering superior outcomes for its clients. Hazout concluded by stating that the partnership would help SusGlobal Energy Corp. make better use of the considerable opportunities that lay ahead and get into a strong position to usher in the new stage of development. It remains to be seen if the latest development results in any buzz in the company’s stock or not.