That represents 3.5% of the market cap of Emerald Oil for this guys salary. Oh, by the way, not really an oil and gas guy either.
Oil now going up...
Thinking forced to cover when WLL crosses above $38...
As stated in my previous post, the average for the quarter to date is $0.911 and climbing. There are 3 days in the 4th to date quarter where PFL did not publish the California ethanol price. On those days I used the lower of either the day preceding or following as the value. In other words, I used a conservative estimate for the California price on those three days.
By comparison, the Q3 average was $0.99
Currently, Pacific Ethanol is making over $1 per gallon of ethanol produced. They are going to blowout expectations on their next earnings!
Question is: is that really his pool boy or is it the wifes?
The choice: a tasty, crunchy Taco with hot sause, or being slashed with razor blades? I think I'd prefer the taco please!
Next week January effect and 5 million shorts beginning to cover, first in the `11's then 12's soon they will be toast!
Plus the conference call with operations update on Wednesday, Pacific Ethanol making tons of $$$$, and the accretive merger news!
Shorts are toast!
I'm moving to Beverly Hills and building a concrete pond!
He was the biggest poster on the board. Anyone know what happened to the guy? He always loved EOX! Is he now standing in line at the soup kitchen in 10 degree weather?
Rest of you guys and gals can divide up the furniture, but if I could get that I would have a sit down every morning like I was the King of Egypt!
Fire Mr. McAndrew Rudisill BA (Econ) Hons), 36 Chief Exec. Officer, Pres and Director, salary 2.69 Million. EOX market cap is only 50 Million. Not an oil and gas guy? Get rid of the overhead!
If you call it an "investment", if you buy a large number of shares the boys will honor you by placing a personalized license plate on the front of their Ferrari's with your name on it!
Do you mean that guy that cleans the toilets?
So, the recent rapid decline since August 2014 and the price of gasoline and diesel combined with a growing economy in the US is increasing the use of fuels, not decreasing their use. Ethanol is about 35% oxygen and 113 octane which are required to be blended with the 84 octane average gasoline produced by refiners in the US in order to sell fuel that can meet Federal Clean Air Act, California low carbon fuel standard, and other requirements. Alone, 84 octane gasoline without an oxygenate or octane additive to burn cleaner and produce more power for combustion cannot be sold in the US. Ethanol has replaced MTBE as the additive that provides these performance benefits for gasoline. So lower prices for gasoline has directly caused an increase in the consumption of ethanol in the US.
Looking at the stock prices of ethanol companies in the US. It is clear that many investors are not aware of this inverse relationship between the price of crude oil and gasoline and the demand for ethanol and biodiesel. Biofuels demand goes up as gasoline and diesel prices go down during an economic recovery such as the current growth occurring in the US. Interestingly, lower fuel prices are a key reason for projected continued US economic growth since consumers have more money for purchasing products, accelerating the growth of the economy, and increasing the ban for fuels and growing the market for biofuels