I like the arbitrage opportunity in bhi. If the merger fails they get a hefty payout. If it goes through I will still net around a 12% return. I like MIDD so much because it has been my best performing stock for 10 years. However with HRL having a stellar quarter they are neck and neck with MIDD a performer.
I think fertilizer demand will weaken next year due to low prices for corn. Also there will be more supply coming on-line when the plant in iowa fires up (supposed to be next spring)
I would agree that land prices are overvalued right now. However over time farmground is an amazing investment. If the right piece comes up for sale just buy it. When buying ground it never is cheap
Fulcrum awards Abengoa EPC contract for 10 MMgy biofuel plant
By Katie Fletcher | May 06, 2015
Fulcrum Sierra Biofuels LLC is scheduled to produce 10 million gallons of clean-burning jet fuel by the third quarter of 2017 at a production cost of around $1 per gallon.
Fulcrum Bioenergy Inc..
On May 5, Fulcrum Bioenergy Inc., announced it awarded Abengoa with a $200 million engineering, procurement and construction (EPC) contract for the construction of the Sierra Biofuels Plant, the company’s first waste to transportation fuel facility.
Abengoa will construct the plant under a fixed-price contract that guarantees the schedule, startup and performance of the plant. “Abengoa is a large, well-respected EPC firm with years of experience in the energy and biofuels industries and we are very pleased to be partnering with them on our Sierra project,” said Rick Barraza, vice president of administration with Fulcrum.
The Sierra Biofuels plant will convert 200,000 tons of municipals solid waste (MSW) into renewable syncrude that will be upgraded to more than 10 million gallons of jet fuel annually. The company currently holds 20-year feedstock agreements with Waste Management and Waste Connections, as well as an offtake agreement with Cathay Pacific Airways for 10 years.
According to Barraza, the company is looking to close financing within the next couple of months, and soon after will start construction. “Everything is in place to get the Sierra project under construction,” Barraza said. “Our feedstock is under contract, the offtake for fuel is under contract, we have secured the technology, we’ve demonstrated and proven our process, we’re nearing financial close and we'll be ready to start construction during the second half of this year.”
The financing Fulcrum is wrapping up in the coming months is a $105 million loan guarantee the USDA awarded the project last September. Around the same time last year, the company received a $70 million grant through a co
interesting afternoon. I has bought some hlss @ 16.25 thinking that a 10% return on my money would not be bad in 6 months from now. Now I will get a 5% return now. Much better than a loss but not what I had planned on. The real question is do I purchase more NRZ with the money?
I am confused about the discussion on rights offering? I have listened to the conference call and tried to follow the discussion board. However I am still confused. I can not find any dates of when this is happening? I do not understand the having to pay for the rights and where to send this and how much? Thanks in advance
Generally speaking this is the risk premium. If you look at BHI it is selling around 10% discount to the buyout from Hal. ODP is trading around a 12% to the buyout from staples. I have been buying BHI personally.
Might want to look at BHI. If you calculate it out you are buying shares in HAL @ a 10% discount after the merger. I too own sdrl and and don't know what to do with it........ Another stock that has treated me really well is HRL and MIDD.