and yes we're up all morning while corn is down 2/3 of a % or 2.2 cents
have put the ethanol chart into 'blast-off' mode.
incredible for bulls, not so good for our frenemies
the market knows they need to be adjusted way way up.
Market discounts Sidoti numbers as amateur hour.
her record is pitiful as I have detailed.
all that matters is that margins are at 9 week highs and Q3 looks like a big sequential improvement over .77 eps
less interest, more madera and great margins. the stock will have a huge move once it clears the channel.
the higher it is before that happens, the higher the spike when it finally occurs.
shorts are suffering.
Stay thirsty my friend.
they have a little box that you click and it shows the chart.
adjust for candles and add MACD.
epic breakout and perfect MACD position.
mimics the PEIX daily chart in a few ways.
margins just keep grinding higher. it seems relentless.
9 week highs.
Thu Aug 28, 2014 05:03 PM CDT
Ethanol futures continue to find strong buyer support, especially in front-month September contracts. The underlying reasons for that buyer interest has been different depending on the day, but once again the market is looking at general market strength at the end of August. Corn prices were the daily focus of the ethanol market with light gains seen early, and expanding as the trading session progressed. Front-month September corn futures closed above $3.60 per bushel after increasing nearly 6 cents on the day. This helped to spark another round of buying in ethanol futures markets where September futures gained 3.1 cents
During a call to discuss the results, Rose indicated Rex American is actively looking to purchase additional ethanol plants. He also noted the company is actively exploring the construction of one or two new ethanol plants.
Regarding the purchase of existing plants, Rose said the company has had not success to-date, as economics are currently strong in the ethanol industry and companies are not looking to sell their operations. He said that in the past Rex American has always made opportunistic purchases of ethanol plants at very attractive prices, and doesn’t intend to change that purchasing strategy. He also said the company is interested in buying out existing partners and plants. While Rose added the Rex American is actively exploring the construction of new plants, he also stressed the company is not sure it will be possible to build new plants due to regulatory hurdles.
I am adjusting my gtc sell orders. moving 24.75 to higher levels. we were going to sell 1/3 there.
I don't think that would be prudent now.
might get there tomorrow
and yahoo wouldn't let me reply, but...
I think REGI has less than 2 dollars downside,
and if you are long, they have a lot of poss positive catalysts down the road and imo, excellent management and balance sheet.
The bad thing is that they are in deep trouble if govt support should ever be messed with.
low beans and corn oil, etc and lofty oil is a big plus though.
I would own some jan calls or leaps but wouldn't tie up too much capital there.
and he said it will be almost impossible and take a long time if even possible.
He said they were looking for domestic Fagan plants. We have at least 3 of them :)
margins are about .90 right now in Midwest. theycents higher in cali right now. I don't need help on DD. but thanks. now go listen to the REX call and you will know what margins are and what they are trying to buy
just check out REX c/c. get it from an insider. 1/2 the Q/A was about who are they going to buy etc :)
I don't watch it much, but they're busy. Check for actives on nasdaq at end of day is best bet
what is going on behind the scenes.
Full of great info and merger innuendo.
As in they are seeking targets domestically.
Plant will be nearly impossible to build(awesome) and would cost 200MM per plant.
our plants are worth 700MM alone. Nearly impossible to build new plants unless they are advanced biofules and low carbon. hmmm. Must listen.