Three CETY Clean Cycle™ Systems Commissioned As Part Of Aries Clean Energy's Waste-to-Energy Facility
If it goes over 5 I'm doubling my position....I've been long for six months now following the insider buying...management is turning this ocean liner around. Nice work.
I only see upside from here...
Beware... shorts are trying to manipulate this stock... be strong Longs! It has been a good ride since last week...
See the $20's again?
Can we get to $5 today... will see
They already restructure the debt & deleveraging non-core asset to keep it under control... management is on the right track!
Short term $6 is a no brainer...
Here we go!!!
Good time to load up some more... watch & learn...
After review of the Q1 earnings transcript & slides, it certainly appears the turnaround is progressing. They have achieved $107MM of their $150-200MM self help initiatives (slide 14) with another $20-$40MM goal in 2017, & another $20-$70MM in 2018. This includes the opening of the new PAA pipeline 1/1/17 delivering lower cost crude to Shreveport (60,000 BPD). This appears to be WTI which currently runs about $2/barrel less than LLS, and would be good for about $10MM/qtr. is savings. Essentially, the partnership is becoming much leaner capable of throwing off good cash flows even in a modest refining margin environment. In addition, the MLP is now heading into the seasonally stronger summer quarters with better margins, asphalt sales, etc. When viewing slide 7, the trailing 12 month adjusted EBITDA can once again surpass $300MM with an average of $100MM in Q2 & Q3, which appears to be reasonably within reach. If the further self-help benefit goal of 2018 is achieved, it appears this MLP would once again be capable of generating adjusted EBITDA in the $350MM annual range of years past in todays pricing environment. A simple valuation of $300MM adjusted EBITDA at a 10% cap less debt exceeds a $12/unit. While there is a long way to go to improve the balance sheet and re-initiate distributions, the risk reward looks right to take a position and see what happens over the next couple of quarters. Just my take on the potential of the turnaround, but do your own due diligence.
nice upgrade from wells fargo this morning.. did anyone sell there target?
Squeeze over $5
Over 4 can 5 be next hope so!
Next step must be to REFI Calumet's very expensive debt.
Beware....the pump & dump misinformation perception shapers are on this board
Management is on the right track though I think they could have share more on their debt recovery strategy. But overall, it's a decent report.
I think all in all the earnings report was a good one and should provide investors with a degree of confidence in the management team's ability to right the ship. The only lingering issue with this company is the high debt level, so I think the next catalyst will be the strategic sale of some assets to bring the debt level down to a more manageable level.
In business a long time, I think they know what to do! Bring back the div. soon
Gotta think that CALDRON 60-00 GroupU announcement had a definite effect on todays action. Don't know much about transformer oil coolant but I'm sure it's a substantial market.
I am not confident to buy this yet! Too much short sellers...