NEW YORK, July 30, 2015 /PRNewswire/ --
ACI Association has initiated research coverage on Omega Protein Corporation (NYSE: OME). Select highlights from the internally released reports are being made available to the general public (included below), with access to the entirety of the research available to new members.
Today, membership is open to readers on a complementary basis at the following URL: http://www.aciassociation.com/?c=OME
Highlights from our OME Report include:
- A new initiative - Omega Protein Corporation (Omega) has safely sunk a retired fishing vessel, the Barataria Bay, approximately 20 miles from the mouth of the Pascagoula River, off the coast of Mississippi, as reported in a release published on June 10, 2015. The vessel, which is around 50 years old, would now act as an artificial reef in the Gulf of Mexico.
- Purpose behind the artificial reef program - This initiative, to create new marine habitats in the Gulf of Mexico, was a part of DMR's ongoing artificial reef program. The program would help in increasing the diversity and abundance of local fish species by developing new habitats. Moreover, it would help create new fishing hotspots for the popular game fish. For the reef to be developed without any disturbance, the exact location of the Barataria Bay would be kept secret for a year, the Company informed.
- Omega - A regular contributor to the program - Omega, being a regular ecological collaborator with the Mississippi DMR, also sunk another retired long-time fishing vessel, the Great Wicomico, off the coast of Mississippi for a separate reef project in November 2009. The sinking of Great Wicomico was also under the Company's aim to improve habitat for marine life in the Gulf of Mexico after Hurricane Katrina devastated the Gulf Coast.
- About Barataria Bay - Barataria Bay was initially built in 1967 for one of the Company's predecessor companies, Gulf Protein, and has a long service history with Omega. While fishing for menhaden in the Gulf of Mexico, the Barataria Bay operated for over 40 years. The intentional sinking of the Barataria Bay on June 10, 2015 marked the Company's third successful partnership with local government and nonprofit organizations in the Gulf of Mexico. The vessel was decommissioned in 2013.
To find out how this influences our rating on Omega Protein Corporation, read the full report in its entirety here: http://www.aciassociation.com/?c=OME
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