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Calumet Specialty Products Partners, L.P. (CLMT)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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5.25+0.05 (+0.96%)
As of 3:23PM EDT. Market open.
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  • It's insane to short this stock now... lol...
  • CFO Griffin filed another Form 4 yesterday, July 25th, bringing his open market purchases to 40152 units since June 26th. That's over 40k units in one month. Maybe not a huge number, but not insignificant either, since he bought them in the open market with his own money.
  • I bought this at $34/share, so I think I'll take the gamble and hold it.
  • steady as she goes .........the biggest obstacle ahead is the debt .......being a real burden at interest rates that are way too high ......if they can renegotiate or refinance ........the final piece of this puzzle will be in place .......the new management has done a yeoman job and luckily avoided a bankruptcy or takeover at pennies on the dollar .......either way they saved our company ......my guess the quarter will be very positive along with the 3rd quarter.........price should exceed $6.00 to $6.50 (within 90 days)....watch the call activity ......
  • from the SA article below "- the short interest has dropped from approximately 3 million to approximate 0.5 million. The gradual downtrend is still in place. The significant short-covering speaks loudly that the perceived market risk of bankruptcy has diminished."
  • Things only gets better from here. The strategy seems to work...
  • For Q2, my analysis reflects the gulf coast 2-1-1 refining spread improved about $1.85/barrel over Q1. So, I would expect some refining margin improvement despite the turnaround at Superior in addition to some continued growth in the specialty products division. All in all, I am looking for adjusted EBITDA around $95MM for Q2. Low/High, I can’t be sure. However, if this occurs, this would result in adjusted EBITDA for the 1st ½ of 2017 or roughly $175MM. Further, this would appear repeatable in the 2nd ½ of 2017 with Q3 a bit improved over Q2 with the maintenance at Superior in the rearview mirror, and a similar Q4 as Q1 taking into account the cyclical refining margins.
    Therefore, for 2017, it is possible that we could see adjusted EBITDA back over $350MM, and with all the cost saving initiatives now in place and more to come, this type a year may become the norm going forward in a similar modest commodity pricing environment. For reference, the last time this company had adjusted EBITDA over $300MM was 2014. (I.e. 2016 - $158MM; 2015 – $258MM; 2014 - $306MM; 2013 - $242MM; and 2012 - $405MM).
    Of course they will still need to address the debt issue, so there is still risk while management reduces the risk profile. Nevertheless, it looks like a good buy and hold over the next few months at least to see if the units can catch a nice run back into the teens. Anyway, just my thoughts and we’ll see the Q2 results soon enough. GL longs.
  • There are always two camps in this business hopefully all will be settled on August 4. See you all in the conference.
  • Looks like news/rumor of a really good quarterly report is starting to leak out. I expect $6+ after the report.
  • so what caused the panic yesterday ?
  • $6 is a no brainer... double in 6 months...
  • Overall I think we will see upside for CLMT in the short-term. Perhaps a pullback next day or so could occur I suppose but are yall also seeing a further leg higher? have you guys heard of awe.SOME-StockS. i started receiving their allerts and so far i am happy.
  • CFO purchased heavily the past 2 weeks....
  • Share price too low for the company that show a lot of improvement on the last two Qt. Is it a Strong buy here or what?
  • Encouraging read...for the courageous...
    https://seekingalpha.com/article/4089312-updating-calumet-specialty-products-quarterly-results?auth_param=1dtffh:1cn3cad:584030cdd9dddf716a1fd07c0469607e&uprof=46&dr=1

    Updating Calumet Specialty Products' Quarterly Results
    Management officially stated that Calumet is in the early innings of a turnaround. We expect a small but actual positive cash flow in the second quarter. A plan
    seekingalpha.com
  • 8K filed after hours.
  • This is going to to be good...
  • Books are ships which pass through the vast seas of time.http://dataunion.tistory.com/10353

    Calumet Specialty Products Partners NASDAQ : CLMT Correlation Histogram
    X axis : Stocks Price Correlation Coefficient Y axis : Quantity of stocks Sep-2016 1,000 Day Parameter 2,830 NASDAQ Stocks Price Analysis This stock mode of correlation coefficient is 0.5 In other words, the correlation coefficient of the other stock
    dataunion.tistory.com
  • MA (50) about to cross over the MA (200)....soon....very very close....
  • hmmm....not many sellers.....buyers will soon be stumbling over themselves