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Rentech is selling for just about equal to the cash it holds. The accounting is showing that the 35 properties and the equipment on them is worth about 200M, 10 times more than market cap. Write it down a little or a lot more and it's still very cheap.
Sad wk...really could Not get the conveyor belts working ?!
* * $RTK Video Chart 02-21-17 * *
Link to Video - click here to watch the technical chart video
Any one have thoughts on the future here ?
Thanks.
Hawk
TheStreetSweeper releases a brand-new report on Rentech (RTK)!
A mighty duo of misunderstanding and misplaced enthusiasm have rocketed shares in this Washington, D.C. company. But now certain forces are busting this wood fiber company into splinters, including:
*A one-time tax gain creates an illusion of profitability.
*Revenue drops 20% this quarter; EPS falls 486%.
*Negative and extremely low margins doom profitability.
*Key plant reaches only 40% of capacity three years after acquisition.
*The natural gas industry presents indomitable competition.
*Nearly $19 million in contract penalties and plant modification costs pressure cash coffers.
*Interest in low-performing nitrogen sector further weighs on Rentech.
*The company loses $153 million in 2015, executives make millions.
Don't miss any of our stock-killing details ... all in this full report!
Go To: http://www.TheStreetSweeper.org
While everything you say is correct...
You left out Zack's rank of this stock. With 1 being a strong buy and 5 being a strong sell, RTK is ranked a 4. Also, there is only one broker covering this stock so the "average" target price of $6.10 is more of an opinion to me. It is also a very small company with a market cap of les the 60 million. Not a lot of heavy hitters looking at this I would guess.
Don't get me wrong. I have a small investment here too and would jump at a share price of over 6 bucks. We'll see. I was a Zack's subscriber for quite a while too but I got out when I realized their scores and rankings really don't mean all that much.
GLTA
As of 6/29/16
Zacks growth score A
Zacks momentum score A
There have been no insider sells since 2015 and approx 150,000 insider buys this year (100,000 of those on 6/17/16 by 7 different insiders)
Average broker target price of $6.10
Why doesn't this stock increase in price?
Grabbed a nice handful today to add to my even bigger handful I already had...going to be a nice ride to 6 bucks and beyond
* * $RTK Video Chart 04-01-16 * *
Link to Video - click here to watch the technical chart video
Any thoughts on Why a Full retrace of last move ?
Hawk
Ugly Charts ...they need to get ALL the H/W working at every wood chip site ! This could turn quickly w/ that news. GLA
$RTK recent news/filings
bearish 3.33
high volume
## source: finance.yahoo.com
Tue, 10 Nov 2015 23:46:43 GMT ~ Edited Transcript of RTK earnings conference call or presentation 10-Nov-15 4:30pm GMT
read full: http://finance.yahoo.com/news/edited-transcript-rtk-earnings-conference-234643778.html
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Tue, 10 Nov 2015 12:07:03 GMT ~ Q3 2015 Rentech Inc Earnings Release - Before Market Open
read full: http://biz.yahoo.com/research/earncal/20151110.html?t=rtk
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Tue, 10 Nov 2015 00:39:52 GMT ~ Rentech reports 3Q loss
read full: http://sg.finance.yahoo.com/news/rentech-reports-3q-loss-003952843.html
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Tue, 10 Nov 2015 00:39:52 GMT ~ Rentech reports 3Q loss
read full: http://finance.yahoo.com/news/rentech-reports-3q-loss-003952872.html
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Mon, 09 Nov 2015 21:36:03 GMT ~ Rentech Announces Results for Third Quarter of 2015
[at noodls] - LOS ANGELES--(BUSINESS WIRE)--Nov. 9, 2015-- Rentech, Inc. (NASDAQ: RTK) today announced financial and operating results for the three and nine months ended September 30, 2015. ... This is an abstract ...
read full: http://www.noodls.com/view/34B2D26BD5EC128600124A432F1018406A676C87
*********************************************************
$RTK charts
basic chart ## source: stockcharts.com
basic chart ## source: stockscores.com
big daily chart ## source: stockcharts.com
big weekly chart ## source: stockcharts.com
$RTK company information
## source: otcmarkets.com
Link: http://www.otcmarkets.com/stock/RTK/company-info
Ticker: $RTK
OTC Market Place: Not Available
CIK code: 0000868725
Company name: Rentech, Inc.
Incorporated In: CO, USA
$RTK share structure
## source: otcmarkets.com
Market Value: Not Available
Shares Outstanding: 22,948,331 a/o Aug 20, 2015
Float: Not Available
Authorized Shares: Not Available
Par Value: Not Available
$RTK extra dd links
Company name: Rentech, Inc.
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/RTK/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/RTK/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=RTK+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=RTK+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=RTK+Industry
## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/RTK/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/RTK/news - http://finance.yahoo.com/q/h?s=RTK+Headlines
## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/RTK/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/RTK/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/RTK/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/RTK/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/RTK/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/RTK/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/RTK/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/RTK/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=RTK+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/RTK
DTCC (dtcc.com): http://search2.dtcc.com/?q=Rentech%2C+Inc.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Rentech%2C+Inc.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Rentech%2C+Inc.&x=0&y=0
## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/RTK/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/RTK
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/RTK/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/RTK/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/RTK/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000868725&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/RTK/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/RTK/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/RTK/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/RTK/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=RTK&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=RTK
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/RTK/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=RTK+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=RTK+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=RTK
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=RTK
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=RTK+Cash+Flow&annual
## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/RTK/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=RTK+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/RTK.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=RTK
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/RTK/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/RTK/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/RTK/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/RTK/insider-transactions
## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/RTK
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/RTK
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/RTK:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=RTK
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=RTK
$RTK DD Notes ~ http://www.ddnotesmaker.com/RTK
$RTK recent news/filings
bullish but just watching the chart
had a reverse split but it could also be a double bottom
see what it does
## source: finance.yahoo.com
Thu, 20 Aug 2015 13:02:29 GMT ~ RENTECH, INC. Files SEC form 8-K, Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Tra
read full: http://biz.yahoo.com/e/150820/rtk8-k.html
*********************************************************
Thu, 13 Aug 2015 20:29:39 GMT ~ RENTECH, INC. Files SEC form 8-K, Entry into a Material Definitive Agreement, Change in Directors or Principal Office
read full: http://biz.yahoo.com/e/150813/rtk8-k.html
*********************************************************
Thu, 13 Aug 2015 00:12:20 GMT ~ 10-Q for Rentech, Inc.
read full: http://www.companyspotlight.com/routers/headline/20783/10004/6557525?cp_code=YAH1&1439424740
*********************************************************
Tue, 11 Aug 2015 20:52:41 GMT ~ Edited Transcript of RTK earnings conference call or presentation 11-Aug-15 3:30pm GMT
read full: http://finance.yahoo.com/news/edited-transcript-rtk-earnings-conference-205241920.html
*********************************************************
Tue, 11 Aug 2015 13:26:27 GMT ~ RENTECH, INC. Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhibits
read full: http://biz.yahoo.com/e/150811/rtk8-k.html
*********************************************************
$RTK charts
basic chart ## source: stockcharts.com
basic chart ## source: stockscores.com
big daily chart ## source: stockcharts.com
big weekly chart ## source: stockcharts.com
$RTK company information
## source: otcmarkets.com
Link: http://www.otcmarkets.com/stock/RTK/company-info
Ticker: $RTK
OTC Market Place: Not Available
CIK code: 0000868725
Company name: Rentech, Inc.
Incorporated In: CO, USA
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$RTK share structure
## source: otcmarkets.com
Market Value: Not Available
Shares Outstanding: 22,948,331 a/o Aug 20, 2015
Float: Not Available
Authorized Shares: Not Available
Par Value: Not Available
$RTK extra dd links
Company name: Rentech, Inc.
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/RTK/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/RTK/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=RTK+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=RTK+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=RTK+Industry
## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/RTK/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/RTK/news - http://finance.yahoo.com/q/h?s=RTK+Headlines
## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/RTK/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/RTK/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/RTK/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/RTK/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/RTK/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/RTK/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/RTK/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/RTK/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=RTK+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/RTK
DTCC (dtcc.com): http://search2.dtcc.com/?q=Rentech%2C+Inc.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Rentech%2C+Inc.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Rentech%2C+Inc.&x=0&y=0
## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/RTK/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/RTK
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/RTK/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/RTK/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/RTK/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000868725&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/RTK/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/RTK/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/RTK/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/RTK/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=RTK&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=RTK
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/RTK/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=RTK+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=RTK+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=RTK
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=RTK
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=RTK+Cash+Flow&annual
## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/RTK/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=RTK+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/RTK.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=RTK
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/RTK/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/RTK/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/RTK/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/RTK/insider-transactions
## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/RTK
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/RTK
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/RTK:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=RTK
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=RTK
$RTK DD Notes ~ http://www.ddnotesmaker.com/RTK
I remember a company TNOG which changed to Green Star Energies, AEON Holding etc who split many times so they could issue insiders more shares and everyone of them went down to no bid
Splits will usually cause value drops but with M & A could result differently.
RNF nice 2 day return....RTK,nothing.
RS never a driver....wait and see for ops.
Trade on....
Hawk
yea just watching right now see what it does after the split. merger news didn't help much
That doesn't sound good.
LOS ANGELES --(BUSINESS WIRE)-- Rentech, Inc. (NASDAQ: RTK) today announced that it will effect a 1-for-10 reverse stock split of its common stock. On August 20, 2015 , each 10 shares of Rentech's issued and outstanding common stock and equivalents will be converted into 1 share of common stock and will begin trading on a split-adjusted basis.
Rentech (NASDAQ:RTK): Q2 EPS of $0.21 beats by $0.20.
Revenue of $149.8M (+7.1% Y/Y) misses by $1.31M.
looked strong today. hope it can bust 1.20 tomorrow and break thru that 100 sma.In at 1.14
good luck everyone.
Rentech (NASDAQ:RTK): Q1 EPS of -$0.02 beats by $0.01.
Revenue of $105.61M (+28.3% Y/Y) misses by $2.49M.
Good plan. This is a good swing trade
Hammered out bottom today for reversal...buying with a sell @1.30
$ RTK. Rentech's New England Wood Pellet Acquires Allegheny Pellet.
LOS ANGELES, Feb 23, 2015 (BUSINESS WIRE) -- Rentech, Inc. (NASDAQ: RTK) announced today that its subsidiary, New England Wood Pellet (NEWP), has acquired the assets of Allegheny Pellet Corporation (Allegheny). The acquisition expands NEWP's market position as the largest producer of wood pellets for the U.S. heating market.
"Consistent with the growth strategy we outlined when we acquired NEWP, we are pleased to expand NEWP's platform with the acquisition of Allegheny," said Sean Ebnet, senior vice president of Rentech's wood fibre business.
Allegheny's wood pellet plant in Youngsville, Pennsylvania has been operating since 1993. The facility processes residuals from local sawmills into wood pellets for sale through big box stores, specialty retailers and bulk sales channels. The plant has historically experienced relatively stable feedstock costs due to a consistent supply of residuals within an economic haul radius of the facility. Allegheny's customers are responsible for the costs and logistics arrangements of pellet deliveries. Allegheny will be fully integrated into NEWP and will operate as its fourth pellet plant.
NEWP intends to expand the plant's annual production from approximately 36,000 tons under a four-day workweek to approximately 50,000 tons under a seven-day workweek. The additional production will help meet strong demand for pellets in Pennsylvania and New York. Allegheny is expected to generate approximately $10 million in revenues and $1.5 million in EBITDA annually once operating full-time.
NEWP acquired all of the assets of Allegheny for approximately $7 million in cash, using the proceeds of a 5-year, $8 million term loan from TD Bank, N.A. The term loan amortizes over 7 years, has an interest rate of LIBOR plus 2.25 percent, and contains financial covenants that may restrict distributions from NEWP to Rentech.
NEWP expects to invest over the next 2 years approximately $2 million of available cash in environmental and safety improvements at the plant.
About Rentech, Inc.
Rentech, Inc. (NASDAQ: RTK) owns and operates wood fibre processing, wood pellet production and nitrogen fertilizer manufacturing businesses. Rentech offers a full range of integrated wood fibre services for commercial and industrial customers around the world, including wood chipping services, operations, marketing, trading and vessel loading, through its subsidiary, Fulghum Fibres. The Company's New England Wood Pellet subsidiary is a leading producer of bagged wood pellets for the U.S. heating market. Rentech manufactures and sells nitrogen fertilizer through its publicly-traded subsidiary, Rentech Nitrogen Partners, L.P. (NYSE: RNF). Please visit www.rentechinc.com and www.rentechnitrogen.com for more information.
$ RTK. Time of the year for RTK to turn back North IMO. GO > $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ RTK
$ RTK. Yes next Month alot of States will be getting everything ready for planting and things will start really looking up. GO > $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ RTK
Agree. Still adding to position.
Believe good news in Q1 and Q2.
$ RTK. Looking forward to a Huge Move back North in the Spring this year. GO > $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ RTK
$ RTK. Should start turning back North soon as the Spring Crops will be ready to start planting in the Spring. GO > $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ RTK
$ RTK. It will be nice to see RTK to start to move back North. GO > $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ RTK
$ RTK. Time for RTK to turn and move back North for a Huge run up IMO. GO > $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ RTK
Like the MACD here.
Think some action coming......news could help too.
GLA...2015 looks interesting.
Hawk
$ RTK. Is slowly moving back up now. GO > $$$$$$ RTK
$ RTK. Rentech, Inc. Announces Management Change.
LOS ANGELES, Dec 10, 2014 (BUSINESS WIRE) -- Rentech, Inc. (NASDAQ: RTK) announced today that Mr. D. Hunt Ramsbottom has resigned as chief executive officer and president of Rentech and chief executive officer of the general partner of Rentech Nitrogen Partners, L.P. (NYSE: RNF) to pursue other opportunities. Mr. Ramsbottom has also resigned as a member of the board of directors for both companies.
Mr. Keith Forman, a member of Rentech Nitrogen's board since October 2011, has been appointed as chief executive officer and president of Rentech and chief executive officer of the general partner of Rentech Nitrogen. He has also joined the board of Rentech. Mr. Forman has an extensive background in master limited partnerships (MLPs). He has worked with MLPs in a variety of roles including as a banker, a senior executive and a director since the inception of MLPs in the 1980s. He previously served as chief financial officer of Crestwood Midstream Partners L.P., a private investment partnership focused on making equity investments in the midstream energy market. He also served as senior vice president for El Paso Corporation, a publicly traded provider of natural gas services, and chief financial officer of GulfTerra Energy Partners, L.P., a publicly traded MLP acquired by Enterprise Products Partners L.P. Mr. Forman currently serves on the board of Capital Product Partners L.P., a publicly traded shipping MLP.
"The board of directors thanks Hunt for his leadership over the past nine years. Hunt spearheaded many successful transitional phases of the company, including the initial public offering of Rentech Nitrogen, the wind-down of the company's alternative energy business and entry into the wood fibre business," said Mr. Halbert Washburn, chairman of the board of directors. "We're confident that Keith can continue to successfully grow the company. With Keith's rich experience in MLPs, we believe he is well qualified to lead the company as it works toward its goal of launching an MLP of the fibre business. As a member of Rentech Nitrogen's board, Keith's familiarity with Rentech's fertilizer business will provide a smooth transition to his roles as CEO of Rentech and Rentech Nitrogen."
"I'm proud of what we have built together here. After nine years, I feel it is the right time to pass the baton and let new leadership take the company into its next phase of growth. I remain very optimistic about Rentech's future," said Mr. Ramsbottom.
About Rentech, Inc.
Rentech, Inc. (NASDAQ: RTK) owns and operates wood fibre processing, wood pellet production and nitrogen fertilizer manufacturing businesses. Rentech offers a full range of integrated wood fibre services for commercial and industrial customers around the world, including wood chipping services, operations, marketing, trading and vessel loading, through its subsidiary, Fulghum Fibres. The Company's New England Wood Pellet subsidiary is a leading producer of bagged wood pellets for the U.S. heating market. Rentech manufactures and sells nitrogen fertilizer through its publicly-traded subsidiary, Rentech Nitrogen Partners, L.P. (NYSE: RNF). Please visit www.rentechinc.com and www.rentechnitrogen.com for more information.
$ RTK. Yes anywhere down here is a good place to add IMO. GO > $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ RTK
Added more to my # today.....missed Low.
OK w/ that.
LT play here for me.
2015 will be Very interesting...JMHO
Hawk
$ RTK. Yes i am followering very closely and yesterday was a time to Buy are to add. Will be adding for 2015 as we end the year. GO > $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ RTK
6-12 mths from now this will have been a grt time to get in more ....JMHO
Hawk
$ RTK. Yes a good time to add IMO as the Pellets should start the Revenues flowing in and RTK is at its lows now, the way i am looking at it and things should look really good in the very early part of Spring. GO > $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ RTK
Adding to position here on the lows. Looking LT here
through 15 to see pellet play out.
GLA
$ RTK. Today is a Bad day for all the Markets looks like but the Markets have been up for awhile now. GO > $$$$$$$$$ RTK
$ RTK. THE LINK TO RTK 3RD QUARTER RESULTS FOR 2014.
http://ih.advfn.com/p.php?pid=nmona&article=64319999&symbol=RTK
Like the way RTK is shaping up for 2015. GO > $$$$$$$$$ RTK
$ RTK. Looking for RTK to move North for the rest of the Year and into Spring as they will start planting Crops in the Spring and that usually helps RTK IMO. GO > $$$$$$$$$$$$$$$$$$$$$$ RTK
$ RTK. Rentech Closes the Sale of Alternative Energy Technology Assets.
Rentech, Inc. (NASDAQ:RTK) announced today that it has closed the previously announced sale of its alternative energy technologies to Sunshine Kaidi New Energy Group Co., Ltd. (Kaidi). Rentech received a cash payment of $14.4 million from Kaidi, which is in addition to $0.5 million in cash payments previously received. Kaidi will pay an additional $0.4 million to Rentech to purchase various equipment currently located at Rentech’s decommissioned Product Demonstration Unit (PDU), resulting in $15.3 million of total proceeds to Rentech from these transactions. This additional transaction is expected to close before the end of the year.
D. Hunt Ramsbottom, president and CEO of Rentech, stated, “We are pleased to have closed this sale as part of our cost reduction efforts and focus on our wood fibre processing and nitrogen fertilizer businesses. By monetizing these non-core assets, we have improved our balance sheet and will be realizing significant SG&A savings going forward.”
The transaction calls for the possibility of success payments to Rentech of up to $16.2 million. These payments would be triggered if Kaidi successfully builds and operates, at its cost, a demonstration-scale plant in China that uses the technologies acquired from Rentech and performs at specified levels. Rentech and Kaidi will share equally in any proceeds from the future sale of the PDU site in Commerce City, CO, net of transaction fees and carrying costs of the property incurred by Rentech after September 30, 2014. Rentech expects to close on the sale of the site in the first half of 2015.
The sale of the technologies should increase Rentech’s net operating loss carryforwards applicable to federally taxable income by approximately $12.5 million.
$ RTK. Still holding some of its gain for today. GO > $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ RTK
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Rentech's vision is to be a global provider of clean energy solutions. During our nearly 30-year history, Rentech and our licensees have successfully applied the Rentech® Process in facilities that range in size from pilot scale to 300 barrels per day of synthetic fuels and chemicals production. The Rentech Process is a patented and proprietary technology that efficiently and economically converts synthesis gas, which can be manufactured from a wide variety of waste, biomass and fossil resources, into hydrocarbons. These hydrocarbons can be processed and upgraded into ultra-clean synthetic fuels such as military and commercial jet fuels and ultra low sulfur diesel as well as specialty waxes and chemicals. We also own an operating syngas-based nitrogen fertilizer manufacturing plant in Illinois.
Our vision here at Rentech®, which stands for Renewable Energy Technologies, is to be a global provider of clean energy solutions. We strive to deliver solutions to our customers and licensees that will help enable countries to effectively address national energy security issues, rising long-term demand for fuels and limited domestic petroleum refining capacity while lowering their emissions profiles.
We are pursuing the worldwide deployment of our patented and proprietary Rentech Process. Together with gasification and upgrading technologies, the Rentech Process can economically produce ultra-clean synthetic fuels such as military and commercial jet fuels and ultra low sulfur diesel as well as specialty waxes and chemicals from a wide variety of waste, biomass and fossil resources.
We also own one of the few remaining U.S. ammonia fertilizer production facilities, Rentech Energy Midwest Corporation (REMC). REMC is a major supplier of nitrogen products to the agricultural and industrial markets in the upper Midwest.
Our process produces biodegradable RenJet® and RenDiesel® transportation fuels that are cleaner burning than petroleum-derived fuels and either meet or exceed all applicable fuels and environmental standards. In addition, with carbon capture and sequestration, the carbon dioxide emissions from the production of synthetic fuels from the Rentech Process are substantially lower than those generated in the production of petroleum-derived fuels. Therefore, fuels produced from our process are among the most greenhouse gas friendly transportation fuels available.
Unlike some other alternative fuels, fuels produced from our process can be used and distributed without modifications to existing diesel or jet engines or pipelines. In addition, fuels produced from the Fischer-Tropsch process, on which our technology is based, are currently the only synthetic fuel type certified for use by the United States Air Force. These fuels are also the only synthetic fuel type in the process of receiving formal certification by the Federal Aviation Administration for use in commercial aircraft.
During our nearly 30-year history, Rentech and our licensees have successfully applied the Rentech Process in facilities ranging in size from pilot scale to 300 barrels per day of synthetic fuels and chemicals production. Our first renewable facility was built in 1992 and used landfill gas to produce alternative fuels. Today we are working on a few early-stage biomass projects and have several commercial-scale fossil projects in our pipeline including a facility contemplating total production of 30,000 barrels per day of synthetic fuels and chemicals in Adams County, Mississippi.
We believe our Product Demonstration Unit (PDU) located in Commerce City, Colorado is the only operating synthetic transportation fuels facility in the United States. At the PDU, we have produced thousands of gallons of ultra-clean synthetic fuels including military jet fuel, commercial Jet A and Jet A-1 and ultra low sulfur diesel, and have shipped samples of our products for testing to potential customers, including the United States Air Force.
We continue to advance our technology, with a goal of reducing operating and capital costs. We are also working on next generation technologies with significant possibilities to reduce cost and increase efficiency of the Rentech Process.
REMC, our wholly-owned subsidiary, supplies domestically produced fertilizer to the farming industry, which not only helps farmers and the food industry, but also aids the biofuels industry that uses plants and crops as feedstocks.
About Us | Technology | |
Products | Facilities & Projects | |
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News & Events | Contact Us | |
Gas to Liquid Refinery-Rentech Inc., Los Angeles, CA, (www.rentechinc.com), a global leader in the industry as a potential equipment supplier, is the preferred supplier of the Fischer-Tropsch technology for the refinery. They are experienced providers of the technology and equipment to take the extracted methane gas and convert it to synthetic diesel fuel and other products. Rentech Inc., a publicly held company (AMEX-REK), develops technology and projects that transform underutilized hydrocarbon resources (such as methane gas) into valuable alternative fuels and clean chemicals while providing clean energy solutions to a nation's growing energy needs. Rentech accomplishes this through the implementation of its patented and proprietary improved Fischer-Tropsch Technology. More commonly referred to as gas-to-liquids, the technology converts synthesis gas, a combination of hydrogen and carbon monoxide made from natural gas, coal, petroleum coke or biomass, into ultra-clean fuels and chemicals. This Project will generate diesel fuel and jet fuel or naphtha at the lowest operating costs.
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