Looks like Peregrine is moving forward in their trials and manufacturing plant expansion...with 22 job listings.....
Was hit hard last 2 days. Could be because common was $3 and now below $1.50 at time of Preferred offer of $25. Preferred was overvalued a lot vs common. Now they are both closer to equal. Preferred dividend is now paying over 13% interest. Dividend very Appealing...
Looks like Someone is wanting to buy cheap shares before positive news...Keeping stock price below $3 will also keep less shares to be exchanged for common. As there are more trial results and each trial moves forward, it will be harder to keep share prices low.
When there are deals being made with whomever, stock prices usually go way lower than there normal low while the deal makers are accumulating for profit before major news. Now you can put it to your imagination what kind of news will come out......in the near future.
Sounds like some here are trying their hardest to sway your thinking to the negative side by transposing information they come up with into the worst scenario Outlandish theories.
It's ok to look at what (Could) happen in the future negative and positive. But, to try to be one sided and transpose information with theories saying it happening, is going to far. Everyone has theories, but until they actually happen, you can not say it is happening unless there is FULL proof.
The Senate voted 62 to 36 in favor of building the pipeline.
Passage of the Senate bill sends the measure back to the House, which passed a largely similar bill earlier this month. House leaders are still deciding whether to simply pass the Senate bill as it is, or to hold a conference merging the House and Senate bills into a new bill, which would then be voted on by each chamber.
Either way, however, the bill is expected to reach the president’s desk as soon as next week.
Mr. Obama, who currently retains authority to approve or deny the permitting of the pipeline because it crosses an international border, is expected to veto the bill because it would remove his executive authority to make the final decision.
Mr. Obama has repeatedly said that he was waiting for all reviews and processes to be completed before he made a final decision. The deadline for those reviews, aimed at determining whether the project is in the national interest, is on Monday.
Renewable fuels producer Pacific Ethanol, Inc has signed a deal with Dresser-Rand for the installation of a 3.5 MW cogeneration system with gradual oxidizer at its Stockton plant in California, in the western US.
The deal, worth approximately $12 million, will see Ener-Core, Inc's gradual oxidizer technology convert waste gas from ethanol production and natural gas into electricity and steam.
Under the terms of the agreement, Dresser-Rand will supply two 1.75 MW gas turbine generators with heat recovery steam generators and two gradual oxidizers manufactured by Ener-Core. Pacific Ethanol expects the cogeneration system to be operational by the second quarter of 2016.
Neil Koehler, the company's president and CEO, said: ‘The Stockton cogeneration system will replace most of the electricity we currently purchase from the grid and will reduce our energy costs by an estimated three to four million dollars per year.’
He added: ‘Rather than destroying waste gases, we will reuse them as a source of process energy, reducing costs and improving profitability.’
The new EPA regulations, known as Moves2014, require states to measure emissions from ethanol-blended fuels in a way that predicts higher levels of pollution, according to Schmidt’s office. Furthermore, the ethanol model was adopted without the opportunity for review or public comment from states and other affected parties.
“Ethanol production is an important industry for Kansas and grain agriculture specifically,” Schmidt said in a statement. “EPA’s requirement that states use this faulty model was unlawfully adopted without notice and opportunity for comment. This is an example of the EPA imposing its will on the states rather than working cooperatively toward the shared goal of cleaner air. We are asking that this model be rejected and replaced with a model that more accurately reflects the true emission effects of ethanol.”
Ethanol Versus Air Quality
The EPA’s rule is part of an effort to reduce sulfur emissions from cars and gasoline by 60 percent. The EPA’s response to the suit argues, among other things, the petitioners don’t have standing to bring the suit as they are ethanol producers and a pro-ethanol public policy group, not vehicle manufacturers, and thus are not directly regulated by the challenged provision.
In addition, the EPA claims the rule does not target ethanol specifically and those bringing the lawsuit are seeking to improve their financial and competitive interests, but such interests do not trump clean air standards and it is not the policy of the EPA to favor ethanol over fossil fuels.
States are expected to incorporate the new model into their State Implementation Plans immediately, outlining methods for controlling pollutants governed by national air quality standards.
Dependent on Government
The Kansas Corn Growers Association and Kansas Association of Ethanol Processors requested Schmidt take action.
“EPA’s MOVES2014 model will hurt the ethanol industry and the farmers who provide grain for ethanol plants,” KCGA CEO Greg Krissek said in a press release. “This MOVES2014 model is not based on sound science and does not reflect ethanol’s positive benefits to the environment. It artificially and erroneously skews the analysis of emissions effects of ethanol-blended fuels.”
David Ridenour, president of the National Center for Public Policy Research, a longtime critic of the economic and environmental costs of ethanol, remarked on the irony of ethanol promoters’ complaints. “It’s hard to have sympathy for an industry hurt by government action when it wouldn’t exist but for government action in the first place,” he said.
“As Jefferson warned, ‘Any government big enough to give you everything you want is big enough to take away everything you have.’ You’ve made your bed, now lie in it,” Ridenour added.
There is always a 1st time....I am sure many never expected "Oil to reach over $100 a barrel and gas prices over $4.00 a gallon." But it did happen...News, Markets (supply and demand), and Greed all play a roll in creating price movements.
"When has oil EVER been $200 a share? Isn't it amazing that an "oil group" is making such a bold claim?"
Wow, That is unexpected news. Just shows you, in a blink of an eye anything can happen and change the direction of markets.
Protec Fuel opened an E15 fueling station in North Miami on Wednesday. Caraf Oil is the first station in South Florida to offer the ethanol-gasoline blend, according to the company.
Boca Raton-based Protec plans to open 28 E15 fueling stations in Florida and other Southeastern states.
E15 is 15 percent ethanol, 85 percent gasoline. Until recently, the Environmental Protection Agency limited motor vehicle fuel to 10 percent ethanol or less. E15 can be used in vehicles made in 2001 and later but can damage older engines.
The 85 percent ethanol fuel E85 is more widely available. In fact, the U.S. Department of Energy's Alternative Fuels Data Center does not yet track E15 stations.
"We wanted to be the first in South Florida to offer E15 since we have had success with customers with E85," Caraf Oil owner Edwin Flores said in a news release.
WASHINGTON, Jan. 22, 2015 “At this point it's unlikely we will bring that to a vote,” Sen. Pat Toomey told Agri-Pulse on Thursday. The Pennsylvania Republican had proposed the anti-ethanol amendment to a pending bill to approve the Keystone XL pipeline. He declined further comment.
The amendment, cosponsored by Sen. Dianne Feinstein, D-Calif., would have eliminated the annual targets for corn ethanol usage in the Renewable Fuel Standard established by the 2007 energy law.
Sen. Deb Fischer, R-Neb., said the amendment would have divided senators along regional lines. She said her “bigger concern” was what EPA would do about setting the annual usage targets. The agency has repeatedly delayed setting the RFS levels for last year while it determines how to legally keep them within the amounts the market can absorb.
The Senate this week has been debating a series of amendments to the Keystone bill on issues ranging from climate change to the Endangered Species Act.
The Toomey-Feinstein amendment was similar to a bill, the Corn Ethanol Mandate Elimination Act, that Feinstein had proposed in the last Congress with then-Sen. Tom Coburn, R-Okla.
Brazil's ethanol industry, struggling due to droughts and government policy decisions, hailed plans to raise gasoline taxes, while the biodiesel sector said Wednesday it will raise production by 25 percent in 2015.
Finance Minister Joaquim Levy said Monday the government will restore a fuel tax and another levy on diesel that had been eliminated in recent years, an announcement welcomed by the president of the governing board of the Brazilian Sugarcane Industry Association, or Unica, Roberto Rodrigues.
The government made the moves as part of a budget-balancing effort.
In statements to O Estado de Sao Paulo daily, the former agriculture minister said the measures "make the industry more competitive," although he cautioned that more initiatives are needed, including raising the mandatory proportion of ethanol in the gasoline mix from its current level of 25 percent.
The ethanol sector wants that required amount raised to 27.5 percent per liter of fossil fuel gasoline.
Existing supplies of ethanol, made in Brazil from sugarcane, are sufficient to cover demand through April, when the 2015-2016 harvest - projected to be more abundant than the current one - gets underway, Unica says.
Separately, representatives of the ethanol sector are scheduled to meet at the end of this month with the governors of Brazil's nine producing states (Sao Paulo, Rio de Janeiro, Minas Gerais, Goias, Mato Grosso do Sul, Mato Grosso, Pernambuco, Alagoas, and Parana) to discuss a possible reduction of a tax on that biofuel.
"The current government has taken a big step by resuming dialogue with the sector," said Rodrigues, who promoted the ethanol industry as the agriculture minister of Luiz Inacio Lula da Silva, current President Dilma Rousseff's mentor and predecessor.
Ethanol is a major transportation fuel in Brazil, where more than 90 percent of new cars are "flex-fuel" vehicles that can run on ethanol, gasoline or any combination of the two.
Separately, Brazil's Abiove vegetable oil association said biodiesel output will rise 25 percent this year.
The law, which the sector expects will be modified, requires a 6 percent biodiesel mix in Brazil's diesel fuel, a low proportion compared to countries such as Argentina, where the mandatory level is 10 percent.
Brazil posted record biodiesel consumption in 2014, with 3.27 billion liters blended with traditional diesel fuel, up nearly 15 percent from 2013. EFE
New group forms to pressure presidential candidates to back ethanol production mandate (AUDIO)
January 22, 2015 By O. Kay Henderson
renewable-futureA newly-formed coalition plans a “multi-million dollar campaign” to try to get the presidential candidates who’ll be coming through Iowa to back the Renewable Fuels Standard.
The so-called RFS was established a decade ago, to set a yearly amount of corn-based ethanol and soybean-based biodiesel that is to be produced in the United States. Bill Couser raises cattle near Nevada, Iowa, and he said the coalition which he now co-chairs has a singular goal.
“Under no circumstances can any candidate in either party afford to ignore the benefits of the RFS for Iowa,” Couser said today during a statehouse news conference.
Governor Terry Branstad also spoke at the statehouse event that served as the roll-out for the new “America’s Renewable Future” coalition.
“We’re not going to prejudge any of the candidates of either party. We want to educate them. We want to inform them and we want them to support this because it’s important for Iowa. It’s important for America,” Branstad said. “It’s important for jobs.”
According to Branstad, 73,000 Iowans work in the renewable fuels industry, with an annual payroll of $5 billion. Texas Governor Rick Perry, one of the prospective GOP presidential candidates, has called for ending the Renewable Fuels Standard, arguing it had inflated the price of corn which farmers in his state feed to their livestock. Branstad said he’s convinced Perry’s stand could be reversed after Perry is “educated” on the issue. Annette Sweeney, the other co-chair of the “America’s Renewable Future” coalition, suggested rank-and-file Iowans who know little about the ethanol industry are also a target.
“We’re going to reach out to every corner of the state of Iowa,” Sweeney said. “We’re going to reach out to all 99 counties to educate.”
of today’s news conference
The group already has raised $2 million for the campaign and organizers expect to raise more for the effort..
“Here we are first in the nation with the presidential visits and it’s an opportunity to educate those individuals that are running for office around the RFS and the importance of it,” Kelly Hansen, general manager of the POET plant in Hanlontown which produces 56 million gallons of ethanol annually, said after the news conference. “It’s vitally important to our economy and to jobs, to really our ag future.”
Bruce Rastetter, a multi-millionaire who made his fortune in the hog and ethanol industries, is part of the “America’s Renewable Future” coalition. Rastetter, who is a mega donor to Republican candidates and causes, has invited presidential candidates to participate in a forum in early March that will be focused exclusively on ag-related issues like this one.
Italian oil group Eni has warned oil could shoot up to $200 a barrel if the Opec cartel fails to cut supplies.
Eni's chief executive, Claudio Descalzi, said the oil industry would cut capital spending by 10-13% this year because of slumping prices.
He said that would create longer-term shortages and sharp price rises in four to five years' time.
Mr Descalzi was speaking at the World Economic Forum in the Swiss resort of Davos.
He said: "Opec is like the central bank for oil which must give stability to the oil prices to be able to invest in a regular way."
Opec secretary general Abdullah al-Badri, also speaking at Davos, defended the group's decision not to cut output.
He said: "Everyone tells us to cut. But I want to ask you, do we produce at higher cost or lower costs?
"Let's produce the lower cost oil first and then produce the higher cost,"
"We will go back to normal very soon," he said.
Jack Did, It went from $3 To $6s recent. Bet offering is between $5s and $6s. With $163.2 Mil cash and more to come...Looking for major growth...and higher share price. That's a lot of cash to work with.....
Sentiment: Strong Buy
That's why he's holding off the offering price....On January 20, 2015, we filed with the Securities and Exchange Commission, or SEC, a prospectus supplement pursuant to Rule 424(b)(5) of the Securities Act of 1933, as amended, in which we disclosed that our cash and cash equivalents were approximately $163.2 million as of December 31, 2014.
Shorts are going to run fast with this cash offer..!!
Sentiment: Strong Buy
What would happen to the Farmers if corn for Ethanol was eliminated. Today orn prices are down because of over supplies. It would create many farmers out of business. Ethanol is still made with several other renewable products. PEIX has been changing it's process over the months and going forward in creating Ethanol products. PEIX is on the right track.
Corn is "cheap", gas is "cheap", and food prices are still high.
Excuses to raise food prices. Our food prices went sky high because of higher corn and than again with higher gas prices. Does that mean next time corn and gas rise, they will again create another rise food prices?
The Senate is expected to begin voting on amendments to the Keystone bill next week, though it is uncertain whether the proposal to end the Renewable Fuel Standard will be included.
Ethanol groups were quick to blast the Senate measure.
"The Feinstein/Toomey amendment is founded upon a false premise," said Bob Dinneen, president of the Renewable Fuels Association. "This amendment is an unnecessary solution to an imaginary problem. If approved, it would set our nation's energy, economic, and climate agenda back decades."
Analyst know Neil is a hustler. The media and analyst see PEIX future growth with the new merger.
In fact; "Pacific Ethanol's Merger of Aventine, Creates a Huge US Ethanol Maker".
FACTS On New Aventine Merger:
Pacific Ethanol with be..Expanding Its Unique Production and Marketing Advantages Into New Markets -
This transaction will more than double their annual ethanol production capacity -
Merger will establish Pacific Ethanol as the "5th" largest producer and marketer of ethanol in the United States -
This transaction to be immediately accretive to earnings with expected operational synergies and the expansion of their ethanol and co-product marketing business -
Over $30 million recently was invested in the Pekin facilities, including coal-to-natural gas conversion; and additional capital investments in the Nebraska facilities. - In 2014, Aventine achieved record earnings and successfully restarted its 155 million gallons of ethanol production in Nebraska -
Aventine's ethanol production assets include its 100 million gallon per year wet mill and 60 million gallon per year dry mill located in Pekin, Illinois, and its 110 million gallon per year and 45 million gallon per year dry mills in Aurora, Nebraska. Combined with Pacific Ethanol's current ethanol production capacity of 200 million gallons per year, the combined company will have a total ethanol production capacity of 515 million gallons per year, and together with Pacific Ethanol's marketing business will sell over 800 million gallons of ethanol annually.
The closing of the transaction, which is expected to occur during the second quarter of 2015, is subject to customary and other closing conditions and regulatory approvals, as well as the approval of Pacific Ethanol's and Aventine's shareholders. -
Sentiment: Strong Buy
A lower stock price at the time of PEIX/AVENTINES merger will cost PEIX a lot less if the merger is agreed by exchanging of a certain number of shares only. (See Below)
But, If the merger was by stock price only, than having a higher share price would lower the merger cost for PEIX merger of AVENTINES..
Looks like they are going to need a lower price stock for merger...
Pacific Ethanol will use 17.75 million of its own shares in exchange for all outstanding shares of Aventine Renewable Energy Holdings Inc. That would value the deal at about $200 million, not including Aventine's debt, which Pacific Ethanol said is about $135 million. Pacific Ethanol shareholders would own 58% of the combined company.
$2 to $24 was very fast and sudden and Blew most shorts away...It will happen again...but next time it may be much higher than $24 after the merger and when oil settles....Best to cover any shorts soon...or anything can happen in a flash...
Politics will make sure the price rises as there are to many nations that need and want higher oil prices for their economy to survive and prosper including the big oil sharks.