AE(Delisted)
Adams Resources & EnergyยทAMEX
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AE Profile
Adams Resources & Energy, Inc.
An oil, gas and petroleum products provider in Texas, Louisiana, and Michigan
17 South Briar Hollow Lane Suite 100, Houston, Texas 77027
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Adams Resources & Energy, Inc., a Delaware corporation established in 1973, is engaged in the marketing of crude oil and natural gas, the transportation of liquid chemicals by tanker trucks, and the exploration and production of oil and natural gas. The company regularly invests in securities consisting of investment-grade corporate bond transactions in liquid markets. Such bonds are held for the purpose of investing liquid funds and are generally not retained on a long-term basis. Marketable securities were initially unanimously recognized and classified as trading securities due to acquisition costs, including transaction costs. In subsequent periods, marketable securities are assessed at fair value.
