but after a year and a half I took profits today. too late for the last rally and too early for the next.
I'll be 200% in PEIX and REX, as Valero's earnings this am prove once again that pure play ethanol refiners will crush the estimates. They made 269MM from their ethanol division vs. 15MM a year ago. Same gallons but very different margins. GPRE will report in a week, then PEIX, then REX next month, I fathom.