Calumet Specialty Products Pa (CLMT)

[l_winthorpe]

I would agree with that. However, it would be interesting to gain the perspective a petroleum CFO about how their company is making financing decisions.

[benfrankledger]

In this industry best move to make right now is to reduce debt.

[l_winthorpe]

After the sale of Anchor Drilling Fluids, Calumet sounds like it is really focusing on core operations and focusing on what they do best.

[l_winthorpe]

The CEO said today that they looking at paying off the "egregious" loan they had taken out once they have resolved some ERP issues and better know their financial position.

I always like when companies pay off bad debt; I know I am preaching to the choir. It's always a good sign when a CEO takes proactive action.

[benfrankledger]

These look like upstream services. They sold a division they considered non core.

[l_winthorpe]

So they are focusing on downstream and shedding upstream assets? That's great that management can maintain focus

[benfrankledger]

CLMT says the sale is a step forward in its plan to strengthen its balance sheet and focus resources on its core specialty products business.

CLMT bought Anchor Drilling in 2014 for $235M.

[benfrankledger]

$CLMT - Calumet Specialty Products Partners (CLMT -1.8%) agrees to sell its Anchor Drilling Fluids subsidiary to Q'Max Solutions for $84M.

[l_winthorpe]

No worries, thank you for asking around though; I greatly appreciate it.
Man I wish I could make a million a day! Yeah, if they want the stock to pop, no easier way than to make an earnings announcement like that.

[Buylownow7]

Nice job sir! More profits coming shortly for you. I’m happy for you and wish you the best.

[Buylownow7]

I wasn’t able to get info about what you asked about. I don’t know if it was too specific for him or what. I do stand by my previous statements. Shareholders are going to be pleased soon. I’m happy to see you recouping losses and/or profiting! It’s crazy they did a million dollars a day like that. I hope they actually put that statement in the PR when earnings hit.

[Buylownow7]

http://www.sec.gov.ph/contact-us/

[fung_derf]

So you are trading on inside information? Nice...where's that number to the SEC?

[l_winthorpe]

That's great you have that inside knowledge. Do you mind if I ask how far up your contact is?

[l_winthorpe]

Great, thank you so much. I appreciate it.

[Buylownow7]

I already shared what he said so I don’t think I need to say the fins will beat the street again. It’s obvious from the sales they are doing that heshared with me. Good luck and if I hear on the husky thing I will post it. The first call I got was when the stock was $5.15 a share and I posted here to HELP people.

[Buylownow7]

I’m not charting anything. I just get word what’s going on with sales and usually get a call a week or two before fins come out saying what to do. It’s not very in depth but he’s pretty damn high up. I’d rather see people make money than lose it. I’m not s bitter broke person. I wish I had an “in” with a penny stock company but this is all I have. Hope it helps.

[Buylownow7]

I will talk to my guy in corporate and see if he knows about it for ya. Give me a few days.

[Buylownow7]

Know about what? I just told you what’s going on. Still don’t believe I have a high up in at clmt lmao. Ok, you will shortly.

[fung_derf]

Charting

[l_winthorpe]

Anyone hear any news about the Husky refinery deal?

[l_winthorpe]

How did you get $12? Are you charting or did you look at financials?

[fung_derf]

Don't know about all that, but I do think this is a buy to $12 or better

[Buylownow7]

I will throw y’all a small bone. Fact: 1 refinery talking about possibly having its best month EVER. Did over 1 million dollars a day in diesel sales alone. Welcome. I predict 12$ a share within one month of nov earnings.

[Buylownow7]

Accepting last email request in my messages here. This is the last FREE news I will share to prove the source is there. Good luck trading $clmt everyone.

[Buylownow7]

How you been fung? ROFLMAO

[Buylownow7]

Birdie just twirped in my ear again. The bird sang me a song about how many eggs it's been selling lately...

[ClayTrader]

* * $CLMT Video Chart 08-31-17 * *

Link to Video - click here to watch the technical chart video

[fung_derf]

Dang you are a pest. Haven't checked. I do know I bought this one at $32, so aren't nearly as enamored as you are.
Let me know when the dividend is coming back.
Why aren't you touting bitcoin?

[Buylownow7]

So which better oil stock did you find? Is hitting a new 52wk high considered good?

[Buylownow7]

Clmt going up? Who would have thought that...

[Buylownow7]

Myself and 2 others had some good laughs today. Thank you sir!

[fredspal]

sweet at $4.30 a month ago nothing but BLUE SKY tomorrow

[Buylownow7]

In 692 posts on ihub I have never claimed to have a source until I got the phone call and posted it on the clmt board. He does not say exact information, he simply said buy the stock by Thursday as he Obviously knew they beat earnings. I asked the board if they were expecting any news before looking up earnings were coming out and then put 2 and 2 together. I think I will be laughing at you on the next spike or drop as I will have already known it was coming :)

[Buylownow7]

Just read this. Stock hit $6 that Friday premarket and my source was correct. I bought at $5.21 and sold on the drop from $6 at $5.80. You would think knowing the source was correct is enough, I can't help what the price goes or stays at... unfortunately the only inside source I have is in clmt, I'm sure it will pay off one day when really big news is in the pipeline. I don't know what's so funny, I was private messaged a few emails and will alert them is what I was getting at.

[fung_derf]

ROTFL!!! So you're not sharing your inside information with the class?!!
BTW, I notice the stock did not break through resistance. Perhaps you SHOULDN'T be sharing any info.

[Buylownow7]

I'm not openly sharing the next call I get from High Up Corporate on this stock bc of people like you. Pm me an email everyone else and I will give a heads up the next call I receive. They crushed earnings

[fung_derf]

What I said was, the stock was near resistance and has actually hit it now. I'd want to see it finish the week above the resistance line, which is currently $5.32.
With all oil stocks moving up, I'd much prefer to buy one that isn't losing a ton of money and actually pays a dividend.
I'm happy to stick by my suggestion of finding a better oil stock.

[Buylownow7]

I'm sorry what were you saying? You're talking about oil stocks moving up when I'm telling the board this is the only company I get a call on giving me a heads up... couch potato can PM his email and I will let him know Privately when I get the next call. Nobody else seemed to care here but him.

[Buylownow7]

Tried to tell you it's not what bird you know but how high up that birdie is... my bird flies very high.

[Buylownow7]

lol ok man. I wish you the best. After you have this nice weekend we can talk about the next time this Bird visits the bird feeder. Whatever it is it won't be bad news. I know that. :)

[Couch Potato]

As much as i would like to see dividend back, I don't see it happening this soon. I know some people that work for the company and they say company is turning around but will be next year before they look better on paper. I've recently tripled my position based mostly on that opinion so i may be more gambling than investing.

[Buylownow7]

Ah so it's either better earnings than expected or they are going to unsuspend the dividend. Corporate just said be in by Thursday and gave no specifics. I think you're going to have a good weekend!!!! Thank you.

[fung_derf]

Oil stocks moving up, this moves along with them. It hit resistance at $5.30 and so far was unable to break through. With the dividend suspended, I'd find a better investment if you're not already in.
Sadly, I am well stuck.

[Buylownow7]

Anyone know if anything is going on here this week or just earnings? Any rumors floating around? Thank you

[Buylownow7]

Direct call from a white collar bird said be in by Thursday. I expect the same bird to visit me again in the future and let me know how the weather is. Good luck sir.

[Couch Potato]

Feel free to share what the birdy told you.

[Buylownow7]

What a shame. Have the inside scoop and board is dead.

[Buylownow7]

little birdy just twirped in my ear. Someone here with a lot of DD in the company get a hold of me plz. Thank you

[Couch Potato]

What makes you think that? I Agee long term but not sure about short term. Once they start paying dividends again it should double if not triple.