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PENN OCTANE CP, (POCC) Stock Research Free Stock Rating
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Penn Octane Corporation, through its indirect ownership in Rio Vista Energy Partners L.P., engages in the purchase, transportation, and sale of liquefied petroleum gas primarily in northeast Mexico. The company leases a 132-mile pipeline, which connects from a pipeline in Kleberg County, Texas, to a terminal facility in Brownsville, Texas, as of July 31, 2004. It also operates as a gasoline and diesel fuel reseller. Penn Octane, formerly known as International Energy Development Corporation, was founded by Jerome B. Richter in 1992. The company is headquartered in Palm Desert, California.
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