Want to finally make some cash in the markets? Forget VERTEX ENERGY and search UltimateStockAlerts in big G or yahoo. On the first call they sent me I made 29%. Now those are results!
If the stock price is tied to oil, then the price will eventually go up when oil rises again. If it's demonstrated that vtnr is able to adjust expenses related to collection in quarters where the price of oil is lower for the entire quarter, the stock will most likely go up. Short term should be tough, but longer term the stock should rise. They announced the completed acquisition of Heartland today and the market seems to appreciate the move.
Anyone know if Heartland deal closed? Parties got one week extension with deal to close December 6. Could be penalties one way or another if there is a failure to close.
Did concern for the status of the heartland deal prompt recent sell pressure on stock.
Same place they got the last infusion of cash. If they do water the stock again, they might as well close shop because I don't believe that any legitimate group would ever touch them again.
Really; I think they are OK with cash for operations. They need to squeeze overhead in these new ventures
to show a little profit. Then we will be fine.
This too is a very small micro and not apt to attract many investors. Just small crackers like on this board that are apt to trade for peanuts.
That is an excellent question and one I don't see addressed in the earnings report. I have not listened to the conference call. The vast majority of their long term debt has been moved from the long term to short term category on the balance sheet. Hopefully they can refinance the debt and do it at a reasonable cost. This can be a big issue and cine contributing to the weakness in stock price.
the problem is there are so many moving parts here, disparate appendages being kluged together, who on earth can figure out what this company really is or has??? You're all guessing and paddling without any real idea what this company can earn or generate........ what a cluster.......
It is my opinion that excessive natural oil production should not greatly affect pricing of this stock.
Users of re-refined oil mostly used in older used vehicles are not apt to switch because regular oil
may be a few pennies cheaper than previously. I think that base is intact. Further, Vtnr"s sales of product
used by oil burners should not be impacted by lower oil prices either. I therefore believe VTNR to be greatly
over sold and that short sellers are simply capitalizing on the public's bailout from oil producers.
I think profits will bounce back in the next quarter far greater than most believe.
Still a bull on this puppy even though under water.
I would bet $2.00 could be the bottom. Louis Navellier's Ultimate Growth newsletter predicts bottom will stay there for a long time and no "dead cat bounce" is expected. Good Luck. I have a $7 + basis thanks to Navellier's Strong Buy Headlines on 11/10/14.
This behavior is nuts, in my opinion. Where in the duce is the bottom?
Last Q was worse than expected but consensus seems to agree that management made
it so intentionally. Short interest has increased but how far can they drive it.