Trecora Resources (TREC)

[Livinginawesometown]

This company never fails to underwhelm.

[hitman558]

They were talking over $100 million last year. What they got doesn't even cover their debt.

[Livinginawesometown]

So nobody cares about the long awaited AMAC deal? $70mm coming soon and no movement of the share price? Doesn’t make sense to me.

[hitman558]

Looks like I have to hold until 2020. Disappointing but still has potential.

[hitman558]

Earnings on March 7. Still holding here.

[Livinginawesometown]

New CEO cutting the fat. Let’s hope PDQ will usher in a new era of execution over excuses.

[hitman558]

Still waiting on the AMAK sale.

[hitman558]

Tried some test trades today just to see what would happen. Just market makers controlling the price and trying to grab cheap shares. Always dropped the bid a penny below my bid as soon as I attempted a trade. Doesn't look like any institutions are bailing. Just my opinion.

[hitman558]

Industry leader. Put a ton of cash into improved equipment that would raise profit margins. Should be a $25+ share price. And we get this. I'm continuing to hold long term but they need to get their shit together.Too many excuses right now and not enough results. I will add that I'm looking to buy but not just yet.

[hitman558]

Well, looks like I'm stuck with this for another year. Beat on revenues. Got killed on EPS.

[hitman558]

Earnings on Wednesday after the close and conference call Thursday morning. Looking for an update on AMAK and positive cash flow. Majority of Institutional holders increased their position. Hope they're right.

[hitman558]

FYI...pay little attention to stock movement. It is Marketmakers controlling the price. No buyers or sellers around. When AMAK sells, we should jump to $18 or higher.

[hitman558]

AMAK update from today's presentation.

"Potential buyers approached in Q2
• Saudi investor most likely to purchase our position"

"Objective is financial exit which could generate significant cash"

[hitman558]

Due to rising costs associated with logistics, energy and feedstocks, South Hampton Resources (a subsidiary of Trecora Resources) is announcing a 0.03/lb. increase on all grades of solvents, where contracts permit effective October 1, 2018.

[Livinginawesometown]

Thank you for taking the time to attend the meeting and posting your summary. I first invested in the company when the mining operation was just an idea. The journey to commissioning and operation was long and painfully slow. It’s become evident that it will never live up to the original expectations so I am very happy about the planned sale. Trecora leadership will put that capital to much more profitable use in the US in my opinion.
I feel much better about the future share price appreciation based on your report.
Cheers.

[hitman558]

I went to their presentation this morning. Sami Ahmad, CFO gave the slide presentation which was basically the same presentation on their website. One thing I was impressed by was the fact that he didn't sugar coat anything. He was upfront on the disappointing 2nd quarter and took responsibility for some of the failures rather than blaming them solely on their customers. For me, to see him standing in front of a room full of investment fund managers trying to convince them to investment in his company and not bullshitting them was admirable. You asked about new customers and they are close to finalizing a deal with a Canadian sand oil company. They are definitely selling their stake in AMAK. Almost sounds like it could be happening soon. I would be surprised if they still have their stake in 6 months. Until then, AMAK is providing a good revenue stream to the company. He said the sale of AMAK should get over $100 million for the company AFTER taxes which is great. I asked if that happens and they payoff/down debt has there been any discussion on a dividend. He said no. They want to build the company which will build shareholder value. I take that to mean share price. Wasn't impressed with the slide presentation as I have seen it before but came away felling good about the company based on how it was verbally presented. I did attend a couple of other presentations and Trecora had easily twice as many people at their presentation, if that matters. If you have any other question, feel fee to ask and I'll try to answer them the best I can based on what I heard.

[hitman558]

They mentioned in their conference call that they are feeling out offers for their stake in AMAK. They valued their stake in 2015 at around $125 million. If the do sell AMAK, I assume they will pay off their debt. These are questions I will ask along with a possible dividend if they do sell AMAK and pay off debt. I want to find out more about the customer disruption that they occurred last quarter too.

[Livinginawesometown]

Would like to get your take on AMAK and how they plan to monetize our holdings in the mining operations. Is the long-hinted IPO still on the table? Do we ever expect to see it as a significant and stable revenue stream?
Also any details on revenue growth from the new Reformer line and potential expansion of customer base.
I don’t expect ground breaking news but would like your feel on the mood of management.
Have fun.

[hitman558]

I'm in on their presentation in Chicago on August 29 unless some nonsense happens at work and I have to cancel. I hope to do a sit down chat with them and ask about AMAK and what they envision for the company 2 years down the road. If you have any questions you would like me to ask, post here and I'll do my best.

[hitman558]

Really hard trying to get an invite to the presentation. Still working on it but the host is really asking a bunch of questions as it's invitation only.

[hitman558]

Bought at $13. I'm going to try and go to their Financial Conference in Chicago at the end of the month.

[hitman558]

Great day to be a market maker and run the price down to get some discounted shares. I bought some at $13.60 and late at $13.05.

[hitman558]

The growth opportunity here is tremendous. When it happens, people will notice and this low floater will run. Just my opinion.

[Livinginawesometown]

I hope you are right. I’ve been looking for $20+ for a while now. I think they will deliver eventually.

[hitman558]

Not good when you spend all that money on improvements and have customer disruptions. However, I bought this for the second half and they say they will be back on schedule. Looks like they extended their line of credit to 2023 and increased their borrowing limit. Conference call tomorrow and we wait for 2nd half growth. I'm still calling for $25 sometime this year.

[hitman558]

Earnings on Wednesday after the close and conference call Thursday morning. Hopefully some upgrades follow and $20+ appears.

[hitman558]

Institutional Holders as of June 30, 2018.

The following table shows the largest shareholders in TRECORA RESOURCES COM (TREC) for the quarter ended June 30, 2018, listed by holding size. The list represents up to 50 of the largest holders in the company.

Note: Unless otherwise mentioned the reporting date is 06/30/2018

Institution Shares Shares % Last
Held Changed Held Report


Wellington Management Co. LLP 3,205,482 (143,440) 13.179 03/31
Luzich Partners LLC 1,170,269 41,580 4.811 03/31
BlackRock Fund Advisors 870,213 14,279 3.578 03/31
The Vanguard Group Inc. 834,392 117,481 3.430 03/31
Dimensional Fund Advisors LP 823,622 101,063 3.386 03/31
Brigade Capital Management LP 542,357 308,407 2.230 03/31
Royce & Associates LP 474,600 2,300 1.951 03/31
Rutabaga Capital Management LL 424,140 289,536 1.744 03/31
SSgA Funds Management Inc. 372,478 14,864 1.531 03/31
Perritt Capital Management In 308,716 100 1.269 03/31
Tieton Capital Management LLC 289,360 (1,230) 1.190 03/31
Northern Trust Investments In 210,333 (4,681) 0.865 03/31
Renaissance Technologies LLC 175,700 22,000 0.722 03/31
Geode Capital Management LLC 146,813 3,242 0.604 03/31
Kennedy Capital Management In 141,179 (50,580) 0.580 03/31
Cadence Capital Management LLC 119,366 51,756 0.491 03/31
22NW LP 114,770 0 0.472 03/31
Bard Associates Inc. 107,425 (4,050) 0.442 03/31
Crestline Management LP 103,552 0 0.426 03/31
Bridgeway Capital Management 75,802 (300) 0.312 03/31
BlackRock Investment Managemen 72,845 (7,711) 0.299 03/31
Wynnefield Capital Inc. 70,000 20,000 0.288 03/31
Monarch Partners Asset Managem 69,235 24,800 0.285 03/31
Algert Global LLC 60,050 24,262 0.247 03/31
The Bank of New York Mellon Co 50,595 (371) 0.208 03/31
TIAA-CREF Investment Managemen 49,378 0 0.203 03/31
Balter Liquid Alternatives LLC 44,832 (6,638) 0.184 03/31
The California Public Employee 44,500 0 0.183 03/31
Morgan Stanley & Co. LLC 40,504 1,615 0.167 03/31
Ironwood Investment Management 37,202 (1,491) 0.153 03/31
RBC Global Asset Management (U 37,000 0 0.152 03/31
Charles Schwab Investment Mana 35,500 0 0.146 03/31
Hotchkis & Wiley Capital Manag 34,134 0 0.140 03/31
Teachers Advisors LLC 33,906 0 0.139 03/31
California State Teachers' Ret 29,930 (1,201) 0.123 03/31
BNY Mellon Asset Management No 29,587 4,214 0.122 03/31
D. E. Shaw & Co. LP 28,034 10,774 0.115 03/31
Boothbay Fund Management LLC 25,741 4,217 0.106 03/31
WEDGE Capital Management LLP 23,459 23,459 0.096 03/31
OxFORD Asset Management LLP 22,522 22,522 0.093 03/31
Unison Advisors LLC 21,700 0 0.089 03/31
State Board of Administration 20,392 0 0.084 03/31
Wells Capital Management Inc. 20,270 6,043 0.083 03/31
RhumbLine Advisers Ltd. Partne 19,742 (950) 0.081 03/31
Vanguard Fiduciary Trust Co. 19,370 (817) 0.080 03/31
Deutsche Asset Management Inve 18,662 (19,673) 0.077 03/31
New York State Common Retireme 18,400 0 0.076 03/31
Wells Fargo Bank NA (Private 16,488 (95) 0.068 03/31
BlackRock Advisors LLC 14,032 (4,189) 0.058 03/31
AllianceBernstein LP 13,900 800 0.057 03/31

[hitman558]

Just an opinion here but I wouldn't be surprised to see this at $16.50/$17 right before earnings.

[hitman558]

Market makers doing their job today. No action at all early so they have to try and get some interest by dropping the price. I thought about buying but held off.

[hitman558]

Earnings and conference call are 3 weeks away. Not interested in earnings as much as their conference call. Looking forward to 2nd half guidance.

[hitman558]

Advanced Reformer Unit up and running. 2nd half of this year should be big.

[hitman558]

2nd quarter over and we should see earnings around August 3rd or 4th. Earnings won't be a make or break but their conference call is key. Will be interested in seeing what their 2nd quarter presentations brought in, if anything and want to listen for their reaffirming it's 1st quarter prediction of being cash flow positive the 2nd half of this year.

[hitman558]

Touch $16 next week?

[hitman558]

Someone bought 88,700+ shares right at the close at $14.75. Interesting. My guess, a fund re-balancing their portfolio for the 3rd quarter.

[hitman558]

Touched $15 but just market makers trading. Need some buyers to get this to run.

[hitman558]

Break $15 today?

[hitman558]

New 52 week high at $14.85 before bouncing back. No problem.

[hitman558]

Continue your patience. Last half of the year should be great with better things to come. Just my opinion.

[Livinginawesometown]

Good to see someone excited about this stock. I’ve been in forever always thinking it can run higher. Good growth potential.

[hitman558]

New 52 week high before dropping back. Let's see what tomorrow brings.

[hitman558]

5 cents away from it's 52 week high ($14.60) and no resistance in sight.

[hitman558]

Nice, steady climb. $14.50 tomorrow?

[hitman558]

Broke resistance. If it can hold, $14.50 should come soon. Get some news on some contracts and we can run.

[hitman558]

Huge resistance at $13.84. Break that and we should run to $14.30. Just need some traders besides the MMs.

[hitman558]

Another investor's presentation on Tuesday. Need to break that $14.05 resistance and head to $14.75.

[hitman558]

Presentation tomorrow and added a 3rd in early June. They're making an effort. Hope they can pick up a few customers.

[hitman558]

2 conference presentations in the next 2 weeks. If they are as good or better than the excellent one in early May, we could see $17 by June 1st.

https://content.equisolve.net/trecora/media/674dbd7636fdeaa902f55cbc0904895b.pdf

Excellent conference call and slide presentation. Discussed improving margins and being cash flow positive by the end of the year and start paying down debt without any dilution.

https://seekingalpha.com/article/4168789-trecora-resources-trec-ceo-simon-upfill-brown-q1-2018-results-earnings-call-transcript


https://content.equisolve.net/trecora/media/236d4399402b4e2c5fb9909866dbd41e.pdf

[hitman558]

Will quietly move to $25 over the next 6 months. $50+ over the next 2 years. Patience is the key.

[Livinginawesometown]

Can anyone in the area post info about flooding or damage from hurricane in Sugar Land TX? Hoping plant and employees are ok.

[stocktrademan]

$TREC recent news/filings

bullish

## source: finance.yahoo.com

Mon, 15 Jun 2015 11:43:04 GMT ~ Trecora Resources to Present at the GHS 100 Conference in Chicago on June 23

[at noodls] - Download PDF SUGAR LAND, Texas, June 15, 2015 /PRNewswire/ -- Trecora Resources (NYSE: TREC), a leading provider of high purity specialty hydrocarbons and waxes, is presenting at the 6th Annual GHS 100 ...

read full: http://www.noodls.com/view/429FB5E192B169EA4C5D9BF101E4ECFDDED0CC5D
*********************************************************

Mon, 15 Jun 2015 11:00:00 GMT ~ Trecora Resources to Present at the GHS 100 Conference in Chicago on June 23

[PR Newswire] - SUGAR LAND, Texas, June 15, 2015 /PRNewswire/ -- Trecora Resources (NYSE: TREC), a leading provider of high purity specialty hydrocarbons and waxes, is presenting at the 6 th Annual GHS 100 Conference ...

read full: http://finance.yahoo.com/news/trecora-resources-present-ghs-100-110000287.html
*********************************************************

Tue, 26 May 2015 11:40:11 GMT ~ Can The Uptrend Continue for Trecora Resources (TREC)? - Tale of the Tape


read full: http://finance.yahoo.com/news/uptrend-continue-trecora-resources-trec-114011121.html
*********************************************************

Thu, 21 May 2015 16:41:04 GMT ~ TRECORA RESOURCES Files SEC form 8-K, Submission of Matters to a Vote of Security Holders


read full: http://biz.yahoo.com/e/150521/trec8-k.html
*********************************************************

Fri, 15 May 2015 17:04:38 GMT ~ TRECORA RESOURCES Financials


read full: http://finance.yahoo.com/q/is?s=trec
*********************************************************

$TREC charts

basic chart ## source: stockcharts.com



basic chart ## source: stockscores.com



big daily chart ## source: stockcharts.com



big weekly chart ## source: stockcharts.com



$TREC company information

## source: otcmarkets.com

Link: http://www.otcmarkets.com/stock/TREC/company-info
Ticker: $TREC
OTC Market Place: Not Available
CIK code: 0000007039
Company name: Trecora Resources
Company website: http://www.arabianshield.com
Incorporated In: DE, USA



$TREC share structure

## source: otcmarkets.com

Market Value: $357,942,457 a/o Jun 19, 2015
Shares Outstanding: 24,349,827 a/o May 05, 2015
Float: Not Available
Authorized Shares: Not Available
Par Value: 0.1

$TREC extra dd links

Company name: Trecora Resources
Company website: http://www.arabianshield.com

## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/TREC/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/TREC/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=TREC+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=TREC+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=TREC+Industry

## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/TREC/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/TREC/news - http://finance.yahoo.com/q/h?s=TREC+Headlines

## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/TREC/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/TREC/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/TREC/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/TREC/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/TREC/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/TREC/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/TREC/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/TREC/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=TREC+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/TREC
DTCC (dtcc.com): http://search2.dtcc.com/?q=Trecora+Resources&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=Trecora+Resources
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Trecora+Resources&x=0&y=0
WHOIS (domaintools.com): http://whois.domaintools.com/http://www.arabianshield.com
Alexa (alexa.com): http://www.alexa.com/siteinfo/http://www.arabianshield.com#
Corporate website internet archive (archive.org): http://web.archive.org/web/*/http://www.arabianshield.com

## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/TREC/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/TREC
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/TREC/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/TREC/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/TREC/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000007039&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/TREC/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/TREC/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/TREC/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/TREC/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=TREC&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=TREC
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/TREC/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=TREC+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=TREC+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=TREC
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=TREC
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=TREC+Cash+Flow&annual

## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/TREC/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=TREC+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/TREC.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=TREC
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/TREC/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/TREC/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/TREC/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/TREC/insider-transactions

## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/TREC
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/TREC
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/TREC:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=TREC
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=TREC



$TREC DD Notes ~ http://www.ddnotesmaker.com/TREC