Excelyte has been around for sometimes. It started once FDA approved it for hospital use, than Excelyte was introduced for industrial food processing. Just about a year ago Excelyte was introduced in the O&G drilling to combat H2S. This is where the money is. In this business reputation and actual success in eliminating H2S will create expansion. It takes time, but once you are in, you will become the problem solver that will be called. In the drilling business the contracting company (oil or gas) hire specialists: mud, casing, xlog, I would not be surprise if Excelyte does not provide a specialist just to control H2S 24/7. If it is the case IEVM will be the one to rent this specialist, probably $1000 per day.
My problem is with the way the trading is done. It looks to me that, whom ever is managing the trading, is not interested in getting this stock higher. It sounds to me that they make money on the number of sales, and they keep the stock between: $.065 to $.079. They keep the “ask” at the closing of the previous day too long, and make the “bid” lower.
Nothing new! Sometimes ago the amount of Texas NG going to the North East was bumped by the Marcellus NG. Texas NG found Mexico as the new client. The Marcellus NG will be competing with Texas for the Florida NG. I hope that all these new LNG trains on the GOM will become Texas clients. This is good news for Texas NG.
CVRR is a MLP and CVI is the equity. Why would CVI form a MLP, the reason is tax primarily. The profits after management expenses are distributed to the unit’s holder of the MLP. CVI, in this case, pays taxes on the profits of the management fees. The EBITDA is also on the MLP holders. So the MLP holder pays taxes on the distribution which is a lower rate, capital gain for the straight investor or standard taxes on IRA distribution if the MLP is within an IRA or 401K. It is all about tax rates, corporate versus capital gain.
I am sure CVI own a significant number of CVRR units.
Which Delek is trying or will to buy out ALon Israel? In any case Delek as well as Alon Israel are Israeli incorporated equities. Delek US Holdings has similar holdings as Alon USA, DK has 2 refineries, more pipelines and convenient stores but not under the 7eleven umbrella. One can say that DK is more diversified and operate aside from Texas in a different territory. The trading price of DK is 2 times that of ALJ. It make sense for DK to buy out ALJ.
DK, DKL, DGRLY, DLEA, DLKIS, DLEN, DLKNF. D6J, DEDR, are all Delek equities traded on the OTC, Israeli market, and German market. Delek is not a unknown entity.