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Benzinga
Benzinga
Business
Henry Khederian

So What's Going On With Vivakor Shares Popping Off?

Vivakor HOT Nasdaq Oil

Vivakor Inc (NASDAQ:VIVK) shares are trading higher by 156.7% at $4.40 after the company announced it has signed a 10-year contract with Hot Oil Transport with a potential value of up to $250 million.

Vivakor says that based on the current asphalt wholesale index price for the Rocky Mountain region, this contract could be valued at up to $250 million over the life of the contract, provided that Vivakor is able to ramp up and operate its Vernal, Utah site at full capacity.

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