|Bid||0.4000 x 800|
|Ask||0.7190 x 1300|
|Day's Range||0.4700 - 0.5000|
|52 Week Range||0.3900 - 1.6700|
|Beta (3Y Monthly)||1.69|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 7, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||4.50|
(Bloomberg) -- White House economic adviser Larry Kudlow is working to hone the Trump administration’s plan for bolstering biofuel-blending requirements after ethanol allies in politically important farm states complained the current proposal doesn’t do enough to compensate for waivers exempting some small refineries from the mandates.Kudlow’s involvement was described by five people familiar with the matter who asked not to be named discussing the administration’s private deliberations. The effort comes after biofuel producers, corn farmers and Midwest politicians blasted the Environmental Protection Agency’s current approach as inadequate, saying it flouted the terms of an Oct. 1 agreement to raise biofuel-blending requirements enough to fully offset refinery exemptions.Biofuel allies say there’s no guarantee the EPA’s formal proposal will completely offset those exemptions because adjustments would be based on recent Energy Department recommendations for waivers, not the higher amount that the EPA has actually granted.Even if EPA officials have the best intentions, “farmers don’t believe it” because of the agency’s track record, Senator Chuck Grassley, a Republican from Iowa, said Tuesday. “Even if your heart is in the right place, your regulation has to show that.”Oil industry leaders have portrayed the EPA’s existing proposal as illegal, arguing it would unfairly force large refineries to bear a disproportionately higher burden of biofuel-blending requirements.A public comment period just ended on that proposal, and the EPA is now reviewing feedback as it prepares a final rule setting 2020 biofuel quotas. Before that can happen, the EPA measure would be scrutinized in a White House-led interagency review.Kudlow’s effort, which could lead to changes to the final EPA rule, is aimed at ensuring that the final measure is aligned with the earlier plan to offset refinery exemptions blessed in negotiations with President Donald Trump. One possibility under consideration is incorporating a safety valve mechanism to ensure adjustments in the future if the EPA grants more refinery exemptions than anticipated, according to three of the people.The news gave a brief boost to ethanol producers. Green Plains Inc. rose as much as 2.78% and Pacific Ethanol Inc. increased as much as 2.14% after Bloomberg News reported the development.The Trump administration has struggled to find a balance between competing oil and biofuel industry interests on the issue. Administration officials have embraced some previous ideas, only to discard them after criticism from the sectors.As director of the National Economic Council, Kudlow has been spearheading White House work on the issue for months. The latest effort is a continuation of Kudlow’s ongoing work on the biofuel rule, one person familiar said. According to one of the people familiar with the discussions, Kudlow is working with EPA officials on the final rule’s methodology.Kudlow also participated in a Nov. 19 Oval Office meeting at which Grassley has said Trump directed EPA Administrator Andrew Wheeler to ensure a 15 billion-gallon target for conventional biofuel isn’t undermined by exemptions.(Updates with details on Kudlow’s efforts from sixth paragraph)To contact the reporters on this story: Jennifer Jacobs in Washington at firstname.lastname@example.org;Jennifer A. Dlouhy in Washington at email@example.com;Mario Parker in Washington at firstname.lastname@example.orgTo contact the editors responsible for this story: Jon Morgan at email@example.com, John Harney, Larry LiebertFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
We are still in an overall bull market and many stocks that smart money investors were piling into surged through November 22nd. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 52% and 49% respectively. Hedge funds' top 3 stock picks returned 39.1% this year and beat the S&P […]
SACRAMENTO, Calif. , Nov. 15, 2019 -- Pacific Ethanol, Inc. (NASDAQ: PEIX), a leading producer and marketer of low-carbon renewable fuels and high-quality alcohol products in.
Pacific Ethanol Inc. CEO Neil Koehler said he is negotiating another extension of an overdue credit facility that was set to expire at the end of this week.
SACRAMENTO, Calif., Nov. 07, 2019 -- Pacific Ethanol, Inc. (NASDAQ: PEIX), a leading producer and marketer of low-carbon renewable fuels and high-quality alcohol products in.
SACRAMENTO, Calif., Nov. 01, 2019 -- Pacific Ethanol, Inc. (NASDAQ: PEIX), a leading producer and marketer of low-carbon renewable fuels and high-quality alcohol products in.
Farm groups and ethanol organizations are angered by the sharp increase in exemptions provided by the Andrew Wheeler-led Environmental Protection Agency to the oil refiners.
SACRAMENTO, Calif., Aug. 28, 2019 -- Pacific Ethanol, Inc. (NASDAQ: PEIX), a leading producer and marketer of low-carbon renewable fuels and high-quality alcohol products in.
President & CEO of Pacific Ethanol Inc (30-Year Financial, Insider Trades) Neil M Koehler (insider trades) bought 100,000 shares of PEIX on 08/22/2019 at an average price of $0.57 a share. Continue reading...
Pacific Ethanol (PEIX) delivered earnings and revenue surprises of 10.53% and -8.17%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
SACRAMENTO, Calif., July 31, 2019 -- Pacific Ethanol, Inc. (NASDAQ: PEIX), a leading producer and marketer of low-carbon renewable fuels and high-quality alcohol products in.
SACRAMENTO, Calif., July 25, 2019 -- Pacific Ethanol, Inc. (NASDAQ: PEIX), a leading producer and marketer of low-carbon renewable fuels and high-quality alcohol products in.
Neil Koehler has been the CEO of Pacific Ethanol, Inc. (NASDAQ:PEIX) since 2005. First, this article will compare CEO...
The agency removed the federal restriction on summer sales of E15 ethanol and came up with several structural changes to increase RIN market transparency.