New Concept Energy, Inc Common Stock
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New Concept Energy, Inc. (GBR) is a real estate company based in Dallas, Texas. It is best known for owning and managing a land holding in West Virginia and providing management and advisory services within the oil and gas sector.
The company's primary operation involves leasing its owned property, a parcel of land located in Parkersburg, West Virginia. This real estate rental activity represents its core business segment. Additionally, New Concept Energy provides advisory and management services to an independent oil and gas company, which constitutes another facet of its revenue stream.
Historically, the company was founded in 1978 and was originally named CabelTel International Corporation before changing to its current name in May 2008. Its business model leverages its real estate asset for recurring rental income while extending its operational footprint into energy sector consulting. The company focuses on these two distinct but complementary activities from its headquarters in Texas.