Vertex Energy Inc (VTNR)

[NathanH]

I heard that opec is going to meet next week to try and make a deal that would get a barrel back up to 90. Saudi arabia is the only member of opec that is against raising the price I think.

[saorsa]

I'm not a chartista, my reasoning is the price of oil being so low will impact future profits.

[NathanH]

https://www.tradingview.com/v/5AHrTqQa/ here u go

[NathanH]

i thought it was a good buy as on the 3 hour chart the rsi is at 16, the macd just crossed, klinger oscilator just crossed, tsi just crossed, and smii just crossed.

[saorsa]

I think you will be able to buy lower than that soon enough.

[NathanH]

I bought at 3.93. Great company and business to be in.

[NathanH]

Next week I think we turn around

[NathanH]

I like this stock

[NathanH]

Wooooo...

[apapado2013]

News out! Insiders are buying!

[Belek]

game changer today

[Gliderider]

I do not think we will see $15 for quite a while. The expenses for the recent expansion will probably affect the bottom line. That said, I still added more this AM.

[Belek]

nobody here, better for me, back up the truck,,,,target $15/share

[Belek]

Vertex Energy, Inc. (NASDAQ: VTNR), an environmental services company that recycles industrial waste streams and off-specification commercial chemical products, announced today that its common stock will be included in the Russell 3000®, Russell 2000®, and Russell Global Indexes, along with other indices, after the reconstitution of Russell Investment Group's family of US Indexes which was completed on June 30, 2014 as described on www.russell.com/indexes.

Membership in the Russell Global Index, which remains in place for one year, means automatic inclusion in the appropriate large-cap, small-cap, all-cap indexes as well as the applicable style, sector and country indexes. The Russell Global Index represents the investable global equity market and its segments comprehensively. It consists of more than 10,000 securities in 47 countries and offers over 300 key subindexes. Consistent with the design of the family of Russell U.S. Equity Indexes, it is constructed using float-adjusted market capitalization weights and represents 98% of the investable global equity market. Russell produces a family of market cap-weighted U.S. equity indexes. All U.S. indexes are subsets of the Russell 3000® Index, which represents approximately 99% of the U.S. equity market. The Russell 2000 Index is a subset of the Russell 3000 Index and represents approximately 10% of the total market capitalization of the Russell 3000. It includes approximately 2000 small-cap companies based on a combination of their market cap and current index membership.

Benjamin Cowart, Chairman and CEO, of Vertex Energy, Inc., stated, "We are pleased with the addition of Vertex Energy, Inc. into the Russell Indexes. This addition will further enhance the visibility of the Vertex story, and we anticipate increased liquidity and broader exposure to institutional investors as a result of such addition. We believe that recent decisions, including the acquisition of Omega Holdings and a capital raise of $17.1 million, will grow our market presence and increase our long-term financial performance. We are delighted with achieving this great milestone in our history."

[Belek]

Sean I only recently took interest in Vertex when the June 20th article

from Oil & Energy Insider had a write up about it that's all I can say at this time and have a small position and will add going up the ladder with the trailing stop.....I posted the article for all too read,,,,,,,,thanks and good luck,,,,,,,,,

[Belek]

looks like VTNR ready for next leg up,,,jmo

[Belek]

from Oil & Energy Insider June 20th edition
(they generally let me cutnpaste the articles)

Inside Opportunities with Martin Tillier
http://oilprice.com/
Why I Like Vertex Energy (VTNR) Despite The Warning Signs

Some technologies, even some industries, seem to be always on the verge of a breakthrough. The energy sector is particularly prone to this. If you believe the hype, then we are always about to experience some fundamental shift that will change our lives forever, and if you just buy in to one of the struggling companies seeking to exploit this wonderful new technology, you too can be fabulously wealthy! The truth in these predictions, at least to date, can best be gauged by the fact that Exxon Mobil (XOM) made $9.1 Billion in the first quarter of 2014.

For that reason I hesitate to talk positively about a stock in one of those industries that we have probably all been told are “revolutionary”. This is especially true when the stock is extremely volatile and is on the way back down after nearly tripling in a three and a half month period. While we are on reasons not to trust this thing, how about a market cap of less than $220 Million, or a recent dilution of the stock by a $17.1 Million private placement of shares that caused a one day 14% drop.

All of these negatives apply to Vertex Energy (VTNR) but I still like it. Vertex is in the oil re-refining business. They provide recycling solutions to businesses and take used oil and other waste products and make them into something useful. The green nature of this business makes it a candidate for over hype, and I for one have been told before that re-cycling industrial waste is the next big thing, but there are three things that make this different.

Firstly, this is not a case of buying into an idea in the (probably forlorn) hope that the company will one day make money. Vertex has turned a profit in every quarter since the beginning of 2010 except one, and that was a break even quarter.

Secondly, the recent price rise, as spectacular as it has been, has been based on valuation, not speculation. Indeed, by conventional valuation metrics, VTNR is actually cheap at current levels, with a forward P/E below 14.

Finally, the company’s purchase of Omega Holdings, another re-refining company, in March of this year has expanded their capacity and paves the way for further significant earnings growth.

The biggest problem with buying into a volatile stock like this on the way down is timing an entry. It is all too easy to buy in for long term potential but then be squeezed out within a few days or weeks. Thursday’s close at $9.74, however, is close enough to a significant level to make buying here a reasonable bet.



The $9.15 level (marked on the above chart by the gold horizontal line) offered resistance twice on the way up, both at the end of April and then a week and a half later. As you would expect, once it was broken it became a support level and has held twice on the way back down. It will likely provide some support again if today’s drop continues. It is too close for a stop-loss level in a stock with this much recent volatility though, and the May low around $7 would be more appropriate. Obviously, this means risking over 30% of your investment, so this is not something on which to risk a chunk of your capital.

Given the current valuation, just a return to average earnings multiples would give close to a 50% profit, so the risk/reward ratio is not too far off, but the real potential is for serious earnings growth over the next couple of quarters and some upward revisions. If that happens, or the seemingly re-invigorated EPA further tightens regulations for disposal of industrial waste, there could still be serious pop in the stock that would allow stop losses to be re-set in order to lock in a profit.

Generally I don’t like trendy stock and prefer to look for something that is out of favor and is therefore cheap, but value is value. There are reasons not to buy VTNR, but to my mind the opportunity to own a company that has a proven profit record, is trading at a discount to the broad market, and has serious growth potential is just too good to miss.

[Belek]

Why I Like Vertex Energy (VTNR) Despite The Warning Signs

(Courtesy Oil & energy Insider Weekly Report-June 20.2014)
Some technologies, even some industries, seem to be always on the verge of a breakthrough. The energy sector is particularly prone to this. If you believe the hype, then we are always about to experience some fundamental shift that will change our lives forever, and if you just buy in to one of the struggling companies seeking to exploit this wonderful new technology, you too can be fabulously wealthy! The truth in these predictions, at least to date, can best be gauged by the fact that Exxon Mobil (XOM) made $9.1 Billion in the first quarter of 2014.

For that reason I hesitate to talk positively about a stock in one of those industries that we have probably all been told are “revolutionary”. This is especially true when the stock is extremely volatile and is on the way back down after nearly tripling in a three and a half month period. While we are on reasons not to trust this thing, how about a market cap of less than $220 Million, or a recent dilution of the stock by a $17.1 Million private placement of shares that caused a one day 14% drop.

All of these negatives apply to Vertex Energy (VTNR) but I still like it. Vertex is in the oil re-refining business. They provide recycling solutions to businesses and take used oil and other waste products and make them into something useful. The green nature of this business makes it a candidate for over hype, and I for one have been told before that re-cycling industrial waste is the next big thing, but there are three things that make this different.

Firstly, this is not a case of buying into an idea in the (probably forlorn) hope that the company will one day make money. Vertex has turned a profit in every quarter since the beginning of 2010 except one, and that was a break even quarter.

Secondly, the recent price rise, as spectacular as it has been, has been based on valuation, not speculation. Indeed, by conventional valuation metrics, VTNR is actually cheap at current levels, with a forward P/E below 14.

Finally, the company’s purchase of Omega Holdings, another re-refining company, in March of this year has expanded their capacity and paves the way for further significant earnings growth.

The biggest problem with buying into a volatile stock like this on the way down is timing an entry. It is all too easy to buy in for long term potential but then be squeezed out within a few days or weeks. Thursday’s close at $9.74, however, is close enough to a significant level to make buying here a reasonable bet.



The $9.15 level (marked on the above chart by the gold horizontal line) offered resistance twice on the way up, both at the end of April and then a week and a half later. As you would expect, once it was broken it became a support level and has held twice on the way back down. It will likely provide some support again if today’s drop continues. It is too close for a stop-loss level in a stock with this much recent volatility though, and the May low around $7 would be more appropriate. Obviously, this means risking over 30% of your investment, so this is not something on which to risk a chunk of your capital.

Given the current valuation, just a return to average earnings multiples would give close to a 50% profit, so the risk/reward ratio is not too far off, but the real potential is for serious earnings growth over the next couple of quarters and some upward revisions. If that happens, or the seemingly re-invigorated EPA further tightens regulations for disposal of industrial waste, there could still be serious pop in the stock that would allow stop losses to be re-set in order to lock in a profit.

Generally I don’t like trendy stock and prefer to look for something that is out of favor and is therefore cheap, but value is value. There are reasons not to buy VTNR, but to my mind the opportunity to own a company that has a proven profit record, is trading at a discount to the broad market, and has serious growth potential is just too good to miss.
http://oilprice.com/

[stocktrademan]

Vertex Energy, Inc. [$VTNR] due diligence

bullish, targets 11.07, 16

$VTNR

DD Notes ~ http://www.ddnotesmaker.com/VTNR

##### recent news/filings ~ source: finance.yahoo.com

Thu, 12 Jun 2014 13:15:00 GMT ~ Vertex Energy, Inc. Completes $17.1 Million Private Placement
[Business Wire] - Vertex Energy, Inc. , an environmental services company that recycles industrial waste streams and off-specification commercial chemical products, toda
read full: http://finance.yahoo.com/news/vertex-energy-inc-completes-17-131500712.html
*********************************************************

Mon, 09 Jun 2014 10:58:15 GMT ~ Vertex Energy (VTNR) in Focus: Stock Tumbles 14.2%
read full: http://finance.yahoo.com/news/vertex-energy-vtnr-focus-stock-105815548.html
*********************************************************

Fri, 06 Jun 2014 20:32:19 GMT ~ Why Vertex Energy, Inc. Shares Crashed Today
read full: http://www.fool.com/investing/general/2014/06/06/why-vertex-energy-inc-shares-crashed-today.aspx?source=eogyholnk0000001
*********************************************************

Fri, 06 Jun 2014 14:39:00 GMT ~ Why Vertex Energy (VTNR) Stock Is Down Today
read full: http://www.thestreet.com/story/12736144/1/why-vertex-energy-vtnr-stock-is-down-today.html?puc=yahoo&cm_ven=YAHOO
*********************************************************

Fri, 06 Jun 2014 13:32:00 GMT ~ Vertex Energy, Inc. Announces $17.1 Million Private Placement
[Business Wire] - Vertex Energy, Inc. , an environmental services company that recycles industrial waste streams and off-specification commercial chemical products, anno
read full: http://finance.yahoo.com/news/vertex-energy-inc-announces-17-133200318.html
*********************************************************

##### chart ~ source: stockcharts.com



##### chart ~ source: eoddata.com



##### company info ~ source: otcmarkets.com

Link: http://www.otcmarkets.com/stock/VTNR/company-info
Ticker: $VTNR
OTC Market Place: Not Available
CIK code: 0000890447
Company name: Vertex Energy, Inc.
Company website: http://www.vertexenergy.com
Incorporated In: NV, USA

##### extra dd links

Edgar filings: http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000890447&owner=exclude&count=40
Latest filings: http://www.otcmarkets.com/stock/VTNR/filings
Latest financials: http://www.otcmarkets.com/stock/VTNR/financials
Latest news: http://www.otcmarkets.com/stock/VTNR/news - http://finance.yahoo.com/q/h?s=VTNR+Headlines

Major holdings: http://data.cnbc.com/quotes/VTNR/tab/8.1
Insider transactions (1): http://finance.yahoo.com/q/it?s=VTNR+Insider+Transactions
Insider transactions (2): http://www.secform4.com/insider-trading/VTNR.htm
Insider transactions (3): http://www.insidercow.com/history/company.jsp?company=VTNR

RegSho: http://www.regsho.com/tools/symbol_stats.php?sym=VTNR&search=search

DTCC: http://search2.dtcc.com/?q=Vertex+Energy%2C+Inc.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information: http://www.spoke.com/search?utf8=%E2%9C%93&q=Vertex+Energy%2C+Inc.
Corporation WIKI: http://www.corporationwiki.com/search/results?term=Vertex+Energy%2C+Inc.&x=0&y=0
WHOIS: http://whois.domaintools.com/http://www.vertexenergy.com
Alexa: http://www.alexa.com/siteinfo/http://www.vertexenergy.com#
Corporate website internet archive: http://web.archive.org/web/*/http://www.vertexenergy.com

Short Sales: http://www.otcmarkets.com/stock/VTNR/short-sales
Insider Disclosure: http://www.otcmarkets.com/stock/VTNR/insider-transactions
Research Reports: http://www.otcmarkets.com/stock/VTNR/research
Historical Prices: http://finance.yahoo.com/q/hp?s=VTNR+Historical+Prices
Basic Tech. Analysis: http://finance.yahoo.com/q/ta?s=VTNR+Basic+Tech.+Analysis
Company Profile: http://finance.yahoo.com/q/pr?s=VTNR+Profile
Key Statistics: http://finance.yahoo.com/q/ks?s=VTNR+Key+Statistics
Industry: http://finance.yahoo.com/q/in?s=VTNR+Industry
Insider Roster: http://finance.yahoo.com/q/ir?s=VTNR+Insider+Roster
Income Statement: http://finance.yahoo.com/q/is?s=VTNR
Balance Sheet: http://finance.yahoo.com/q/bs?s=VTNR
Cash Flow: http://finance.yahoo.com/q/cf?s=VTNR+Cash+Flow&annual
Market Watch: http://www.marketwatch.com/investing/stock/VTNR
Bloomberg: http://www.bloomberg.com/quote/VTNR:US
Morningstar: http://quotes.morningstar.com/stock/s?t=VTNR
Bussinessweek: http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=VTNR
Barchart: http://www.barchart.com/quotes/stocks/VTNR
OTC Short Report: http://otcshortreport.com/index.php?index=VTNR
Investopedia: http://www.investopedia.com/markets/stocks/VTNR/?wa=0

http://www.pennystocktweets.com/stocks/profile/VTNR

##### last known share structure ~ source: otcmarkets.com

Market Value: $219,068,410 a/o Jun 11, 2014
Shares Outstanding: 22,514,739 a/o May 07, 2014
Float: Not Available
Authorized Shares: Not Available
Par Value: 0.001

##### business description ~ source: otcmarkets.com

Vertex is based in Houston, Texas with offices in Georgia and California. Our company provides services across the U.S. enabling the transporting, processing and re-refining of these distressed hydrocarbon based streams into viable commodity products that off-set the United States? dependency on foreign crude oil in a safe and regulatory compliant manner

DD Notes ~ http://www.ddnotesmaker.com/VTNR
e

[tradewithzen]

Here is my updated buy levels for VTNR.

[Gliderider]

Shares are flying out the door like candy on Halloween.

[gistheman]

Low volume. Only 4%. If you look at the 3 month chart. 2.80 looks like support. Professional price targets are still in place of $4 and $6, I believe. I think they will be fine.

[Gliderider]

How low will it go? I would never have thought we would see these levels.All of these Investor Conferences are not helping much. The
CEO mentioned they had a liquidity problem. Looks like it won't be a problem for long.Another 5 mil. will come off restriction in Sept.
Hope they don't lose their Nasdaq listing.

[gistheman]

Post #41 has the investor presentation.

[gistheman]

A snippet from MicroCap Club Blog on Vertex. It is the intro to the investor presentation linked a few posts back. This quote is a couple months old, so valuations might be slightly off.
"Heckmann (HEK) acquired Thermal Fluids in 2011, followed by Clean Harbor’s (CLH) acquisition of Safety-Kleen a few months ago. Heritage-Crystal Clean (HCCI), an industry comparable trades at over 20x 2013 EPS estimates. Vertex Energy has flown under the radar even while producing a more impressive growth curve then its larger peers. While the peer group trades at 20x 2013 analyst estimates, Vertex trades at 6x 2013 estimates, and that’s the opportunity."

[Gregory_]

I have been holding this stock since 6/3/12, and I dramatically increased my position this year. I originally bought due to the low amount of debt and high return on assets (ROA), and I am very interested to see how their ROA fares in regards to all the recent acquisitions.

Gistheman, you mentioned a while back that this company, in comparison to other similar companies, should be trading at 4 times its current level. Which companies did you have in mind?

[Gliderider]

Not looking good for a positve open

[gistheman]

And we are back to where we started. I heard another theory that , if VTNR was a holding of an ETF and sold, it would have been at the end of the day for rebalancing. Just another possible explanation for the large , end of day sale , a few days ago. only the shadow knows.

[gistheman]

I don't really know. Someone on another site suggested that a large market sell was placed without thought to the thin nature of the stock. A large block worth 3-4 times average daily volume went through at the end of the day and $3.32, so it did come back up some. That red candle looks pretty bad on the chart right now.

[Gliderider]

Any ideas about "W.T.H" happened yesterday? I was quite surprised to come home and see my 3.60's had filled. Even more surprised at the closing price.

[Gliderider]

I listened twice to make sure I didn't miss anything. Will be on the conference call too!

[gistheman]

Glide. If you haven't listened to it yet, the link to the investor presentation, a few posts back, is a real good overview and vision of the CEO. He mentions at the end the general 5 year goal of growing to a $500+ million company. In my opinion, he has been making the right strides to set that up.

[Gliderider]

I agree. I've been adding since last May.I had a GTC @ 3.60 in case they ran it down that far. No fill.

[gistheman]

It is thin. If you look at a year chart and longer, the uptrend seems to be consolidating in an ascending triangle pattern for another move up into unprecedented area. Recent uplist could bring some funds looking. Volume,as usual, will move this more, up or down, but I think up. News brings interest, so good earnings , acquisition or news about a second plant location are all near term possibilities. I don't really worry about daily price action much,(especially when volume is low) but focus more on the direction of the company and the general trend of the stock.

[Gliderider]

Do you have any thoughts on the goofy trading? I don't get a chance to sit and watch on level two very often. It looks like the same MM'ers are just trading shares back and forth with each other.

[gistheman]

If you are asking me, no. I will continue to hold for the foreseeable future.

[Gliderider]

Are you the one with all the shares for sale?

[gistheman]

Company website.
http://www.vertexenergy.com/

[gistheman]

I believe Vertex is set up to do very well this year. Recent acquisitions have been completed late last year to integrate all the private entities into one public company. No real institutional ownership yet, coupled with strong management and proven technology and business model set VTNR at an inflection point. There is a desireable share structure without the need for near term dilution and good inside ownership. Just listed on the Nasdaq, new eyes will be seeing that if Vertex were valued at the same PE as similar companies, it would trade at 4 times what it is now.

[gistheman]

Uplisted to the Nasdaq this week.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549






FORM 8-K/A

Amendment No. 1






CURRENT REPORT






Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934






Date of Report: February 12, 2013

Date of Earliest Event Reported: February 12, 2013






VERTEX ENERGY, INC.

(Exact name of registrant as specified in its charter)









Nevada


000-53619


94-3439569




(State or other jurisdiction

of incorporation)


(Commission File

Number)


(I.R.S. Employer

Identification No.)







1331 Gemini Street

Suite 250

Houston, Texas 77058

(Address of principal executive offices)(Zip Code)






Registrant's telephone number, including area code: [phone]





Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:








[__]


Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)










[__]


Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)










[__]


Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))










[__]


Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))





Explanatory Note



This amendment No. 1 to Form 8-K is being filed to correct an inadvertent reference to a different company.


Item 7.01 Regulation FD Disclosures.




On February 13, 2013, Vertex Energy, Inc.’s (the “Company’s”) common stock will begin trading on the NASDAQ Capital Market (“NASDAQ”) under the symbol “VTNR”.



The information responsive to Item 7.01 of this Form 8-K and Exhibit 99.1, attached hereto, shall not be deemed “ filed ” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “ Exchange Act ”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as expressly set forth by specific reference in such a filing. The furnishing of this Report is not intended to constitute a determination by the Company that the information is material or that the dissemination of the information is required by Regulation FD.




Item 8.01 Other Events.


In preparation for the listing of the Company’s common stock on NASDAQ, the Company’s Board of Directors adopted amended and restated charters of the Company’s (a) Compensation Committee; (b) Audit Committee; (b) Nominating and Corporate Governance Committee; and (d) Related Party Transaction Committee, which disclose in greater detail the responsibilities, membership requirements and authority of the various committees of the Company’s Board of Directors and updated the Company’s prior charters to be consistent with NASDAQ rules and regulations. The Company’s Board of Directors also ratified and confirmed a Code of Ethical Business Conduct, as previously adopted by the Board of Directors, and adopted a Whistleblower Protection Policy.












--------------------------------------------------------------------------------





Item 9.01 Financial Statements And Exhibits.







Exhibit No.


Description










14.1**


Code of Ethical Business Conduct and Whistleblower Protection Policy










99.1*


Press Release Announcing NASDAQ Listing










99.2**


Charters Of The Compensation Committee; Audit Committee; Nominating And Corporate Governance Committee; and Related Party Transaction Committee












* Furnished herewith.


** Filed herewith.








SIGNATURES







Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned, hereunto duly authorized.










VERTEX ENERGY, INC.










Date: February 13, 2013


By: /s/ Benjamin P. Cowart






Benjamin P. Cowart






Chief Executive Officer





























2


--------------------------------------------------------------------------------









EXHIBIT INDEX








Exhibit No.


Description










14.1**


Code of Ethical Business Conduct and Whistleblower Protection Policy










99.1*


Press Release Announcing NASDAQ Listing










99.2**


Charters Of The Compensation Committee; Audit Committee; Nominating And Corporate Governance Committee; and Related Party Transaction Committee












* Furnished herewith.

** Filed herewith.

[gistheman]

Here is a recent investor presentation. The last question indicates the goal of the company to grow to a 500 million-1 billion dollar company.
http://microcapclub.com/2013/02/microcapclub-invitational-vertex-energy-vtnr/#more-2283

[Traderfan]

What's your take on the latest quarter filed today??

[Hegotgame]

Vertex Energy Reports a 71% Increase in Revenue for the First Quarter of 2012 Compared to First Quarter 2011
Print
Alert
Vertex Energy (QB) (USOTC:VTNR)
Historical Stock Chart
6 Months : From Feb 2012 to Aug 2012


Vertex Energy, Inc. (OTCBB:VTNR), an environmental services company that recycles industrial waste streams and off-specification commercial chemical products, today announced its financial results for the first quarter ended March 31, 2012.

Financial highlights for Q1 2012 include:

Revenue increased 71% to $34.8 million for the first quarter of 2012 versus $20.3 million in Q1 2011;
Gross profit for the quarter increased to $2.89 million, a 27% increase over the $2.27 million reported in the same period last year;
Income from operations improved 36% to $1.69 million, compared with $1.24 million reported during the first quarter of last year;
Net income for the first quarter of 2012 improved to $1.57 million or $0.10 per fully diluted share, compared with net income of $1.2 million or $0.09 per fully diluted share in Q1 2011. This represents a 32% increase in net income; and
Company-wide sales volumes increased 36% in Q1 2012 versus Q1 2011.
Benjamin P. Cowart, Chief Executive Officer of Vertex Energy said, “The first quarter of 2012 showed continued improvement over the same period last year and illustrates the strength of the business coming out of fiscal year 2011. Much of our improvement came from our Thermal Chemical Extraction Process (“TCEP”) business as well as from increased commodity prices. Gross margin from our TCEP operations improved 112% relative to the first quarter of last year.”

“We anticipate our overall volume to continue to increase during the remainder of 2012 as we work to implement additional capacity improvements at our TCEP facility while also sourcing more used oil feedstock out of California and our Alabama aggregation facility,” Mr. Cowart added, “Going forward in 2012, we will also be evaluating the potential to upgrade the TCEP finished product for use in engine oil applications. Additionally, we are continuing to develop more detailed engineering of the existing process to be used in future TCEP installations.”

Mr. Cowart continued, “With a strong cash position, healthy cash flow, and advantageous market conditions, we expect 2012 to be a promising year for Vertex Energy, Inc.”

CONFERENCE CALL

As previously announced, management of Vertex Energy will host a conference call today at 10:00 a.m. EDT. Those who wish to participate in the conference call may telephone [phone] from the U.S.; international callers may telephone [phone], approximately 15 minutes before the call. A webcast will also be available at: www.vertexenergy.com.

A digital replay will be available by telephone approximately two hours after the call’s completion until May 31, 2012, and may be accessed by dialing 877-660-6853 from the U.S. or 201-612-7415 for international callers, Acct # 380; Replay ID# 391361.

ABOUT VERTEX ENERGY, INC.

Vertex Energy, Inc. (OTCBB:VTNR), is a leading environmental services company that recycles industrial waste streams and off-specification commercial chemical products. Its primary focus is recycling used motor oil and other petroleum by-product streams. Vertex Energy purchases these streams from an established network of local and regional collectors and generators. The company also manages the transport, storage and delivery of the aggregated feedstock and product streams to end users, and manages the re-refining of a portion of its aggregated petroleum streams in order to sell them as higher-value end products. Vertex Energy sells its aggregated petroleum streams as feedstock to other re-refineries and fuel blenders or as replacement fuel for use in industrial burners. The re-refining of used motor oil that Vertex Energy manages takes place at a facility operated by a related party that uses a proprietary Thermal Chemical Extraction Process (“TCEP”) technology. Based in Houston, Texas, Vertex Energy also has offices in Georgia and California. More information on the company can be found at www.vertexenergy.com.

This press release may contain forward-looking statements, including information about management’s view of Vertex Energy’s future expectations, plans and prospects, within the safe harbor provisions under The Private Securities Litigation Reform Act of 1995 (the “Act”). In particular, when used in the preceding discussion, the words "believes," "expects," "intends," "plans," "anticipates," or "may," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act, and are subject to the safe harbor created by the Act. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of Vertex Energy, its divisions and concepts to be materially different than those expressed or implied in such statements. These risk factors and others are included from time to time in documents Vertex Energy files with the Securities and Exchange Commission, including but not limited to, its Form 10-Ks, Form 10-Qs and Form 8-Ks. Other unknown or unpredictable factors also could have material adverse effects on Vertex Energy’s future results. The forward-looking statements included in this press release are made only as of the date hereof. Vertex Energy cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, Vertex Energy undertakes no obligation to update these statements after the date of this release, except as required by law, and also takes no obligation to update or correct information prepared by third parties that are not paid for by Vertex Energy.


VERTEX ENERGY, INC.
CONSOLIDATED BALANCE SHEETS

March 31, December 31,
2012 2011
(UNAUDITED)
ASSETS

Current assets
Cash and cash equivalents $ 4,296,459 $ 675,188
Accounts receivable, net 6,001,503 5,436,006
Accounts receivable- related party 1,661 2,459
Inventory 6,958,714 6,408,780
Prepaid expenses 124,046 151,821
Total current assets 17,382,383 12,674,254

Noncurrent assets
Licensing agreement, net 1,954,059 1,929,549
Fixed assets, net 120,356 124,168
Deferred federal income tax 1,908,000 2,006,000
Total noncurrent assets 3,982,415 4,059,717

TOTAL ASSETS $ 21,364,798 $ 16,733,971

LIABILITIES AND STOCKHOLDERS’ EQUITY

Current liabilities
Accounts payable and accrued expenses $ 8,391,147 $ 6,464,193
Accounts payable-related party 1,227,312 620,724
Deposits 679,940 235,557
Total current liabilities 10,298,399 7,320,474

Long-term liabilities
Deferred federal income tax 76,000 76,000
Total liabilities 10,374,399 7,396,474

Commitments and contingencies

STOCKHOLDERS’ EQUITY

Preferred stock, $0.001 par value per share:
50,000,000 shares authorized
Series A Convertible Preferred stock, $0.001 par value, 5,000,000 authorized and 4,393,108 and 4,426,639 issued and outstanding at March 31, 2012 and December 31, 2011, respectively

4,393

4,427

Common stock, $0.001 par value per share; 750,000,000 shares authorized; 9,469,707 and 9,414,926 issued and outstanding at March 31, 2012 and December 31, 2011, respectively



9,470



9,415

Additional paid-in capital 3,397,996 3,319,388
Retained earnings 7,578,540 6,004,267
Total stockholders’ equity 10,990,399 9,337,497

TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 21,364,798 $ 16,733,971


VERTEX ENERGY, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS
THREE MONTHS ENDED MARCH 31, 2012 AND 2011
(UNAUDITED)


March 31, March 31,
2012 2011

Revenues $ 34,827,939 $ 20,290,925
Revenues-related parties - 17,978
34,827,939 20,308,903


Cost of revenues 31,942,875


18,038,007

Gross profit 2,885,064 2,270,896

Selling, general and administrative expenses 1,194,747 1,026,055

Income from operations 1,690,317 1,244,841

Other income (expense)
Interest expense (44 ) (29,041 )
Total other income (expense) (44 ) (29,041 )

Income before income tax 1,690,273 1,215,800

Income tax expense (116,000 ) (19,703 )

Net income $ 1,574,273 $ 1,196,097


Earnings per common share
Basic $ 0.17 $ 0.14
Diluted $ 0.10 $ 0.09

Shares used in computing earnings per share
Basic 9,434,094 8,440,064
Diluted 15,473,017 13,935,781


VERTEX ENERGY, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

THREE MONTHS ENDED MARCH 31, 2012 AND 2011

(UNAUDITED)


Three Months Ended

March 31,

2012


March 31,

2011


Cash flows operating activities
Net income
$

1,574,273

$ 1,196,097
Adjustments to reconcile net income to cash provided by (used in) operating activities

Stock based compensation expense 44,441 33,415
Depreciation and amortization 40,913 37,305
Deferred federal income tax 98,000 -
Changes in assets and liabilities
Accounts receivable (565,497 ) (471,537 )
Accounts receivable- related parties 798 (10,361 )
Inventory (549,934 ) (1,923,339 )
Prepaid expenses 27,775 (134,385 )
Accounts payable 1,926,954 1,163,911
Accounts payable-related parties 606,588 641,397
Deposits 444,383 -
Net cash provided by operating activities 3,648,694 532,503

Cash flows from investing activities
Payments for licensing agreement (59,519 ) (73,351 )
Purchase of fixed assets (2,091 ) -
Net cash used in investing activities (61,610 ) (73,351 )

Cash flows from financing activities
Proceeds from exercise of common stock warrants 34,187 4,000
Net cash provided by financing activities 34,187 4,000

Net increase in cash and cash equivalents 3,621,271 463,152

Cash and cash equivalents at beginning of the period 675,188 744,313

Cash and cash equivalents at end of period $ 4,296,459 $ 1,207,465

SUPPLEMENTAL INFORMATION
Cash paid for interest during the period $ 44 $ 31,914
Cash paid for income taxes during the period $ 10,000 $ 12,000

NON-CASH TRANSACTIONS
Conversion of Series A Preferred Stock into common stock $ 34 $ 41

[marconi561]

Here is an article I wrote on Vertex Energy.

Vertex Energy: A Classic Valuation Gap

http://microcapclub.com/2012/07/vertex-energy-a-classic-valuation-gap/

[Rawnoc]

Vertex Energy to Release First Quarter 2012 Financial Results on May 8, 2012

-- Conference Call to Be Held at 10:00 a.m. EDT --

HOUSTON, May 04, 2012 (BUSINESS WIRE) -- Vertex Energy, Inc. (VTNR), an
environmental services company that recycles industrial waste streams and
off-specification commercial chemical products, today announced that it will
release its financial results for the first quarter ended March 31, 2012 on
Tuesday, May 8, 2012.

Management of Vertex Energy will host a conference call the same day at 10:00
a.m. EDT. Those who wish to participate in the conference call may telephone
877-407-4019 from the U.S.; international callers may telephone [phone],
approximately 15 minutes before the call. A webcast will also be available at:
http://www.vertexenergy.com.

A digital replay will be available by telephone approximately two hours after the
call's completion until May 31, 2012, and may be accessed by dialing 877-660-6853
from the U.S. or 201-612-7415 for international callers, Acct # 380; Replay ID#
391361.

ABOUT VERTEX ENERGY, INC.

Vertex Energy, Inc. (VTNR), is a leading environmental services company that
recycles industrial waste streams and off-specification commercial chemical
products. Its primary focus is recycling used motor oil and other petroleum
by-product streams, Vertex purchases these streams from an established network of
local and regional collectors and generators. The company also manages the
transport, storage and delivery of the aggregated feedstock and product streams
to end users, and manages the re-refining of a portion of its aggregated
petroleum streams in order to sell them as higher-value end products. Vertex
sells its aggregated petroleum streams as feedstock to other re-refineries and
fuel blenders or as replacement fuel for use in industrial burners. The
re-refining of used motor oil that Vertex manages takes place at a facility
operated by a related party that uses a proprietary Thermal Chemical Extraction
Process ("TCEP") technology. Based in Houston, Vertex also has offices in Georgia
and California. More information on the Company can be found at
http://www.vertexenergy.com.

This press release may contain forward-looking statements, including information
about management's view of Vertex's future expectations, plans and prospects,
within the safe harbor provisions under The Private Securities Litigation Reform
Act of 1995 (the "Act"). In particular, when used in the preceding discussion,
the words "believes," "expects," "intends," "plans," "anticipates," or "may," and
similar conditional expressions are intended to identify forward-looking
statements within the meaning of the Act, and are subject to the safe harbor
created by the Act. Any statements made in this news release other than those of
historical fact, about an action, event or development, are forward-looking
statements. These statements involve known and unknown risks, uncertainties and
other factors, which may cause the results of Vertex, its divisions and concepts
to be materially different than those expressed or implied in such statements.
These risk factors and others are included from time to time in documents Vertex
files with the Securities and Exchange Commission, including but not limited to,
its Form 10-Ks, Form 10-Qs and Form 8-Ks. Other unknown or unpredictable factors
also could have material adverse effects on Vertex's future results. The
forward-looking statements included in this press release are made only as of the
date hereof. Vertex cannot guarantee future results, levels of activity,
performance or achievements. Accordingly, you should not place undue reliance on
these forward-looking statements. Finally, Vertex undertakes no obligation to
update these statements after the date of this release, except as required by
law, and also takes no obligation to update or correct information prepared by
third parties that are not paid for by Vertex.

SOURCE: Vertex Energy, Inc.

Porter, LeVay & Rose, Inc.
Marlon Nurse, D.M., 212-564-4700
VP -- Investor Relations
or
Vertex Energy
Matthew Lieb, 310-230-5450
COO


Copyright Business Wire 2012

[SeanMarconi]

Vertex Energy Expects Significant Increases in First Quarter 2012 Revenue, Net Income and Gross Profit compared with Last Year's First Quarter.

http://finance.yahoo.com/news/vertex-energy-expects-significant-increases-104700226.html

[SeanMarconi]

I would keep on eye on this company. Good strong growth...putting money down to the bottom line and not that many shares out. I'm looking forward to the year end #'s out over the next month.

When there is buying in this company along with interest it can move up very quickly.

[gistheman]

ty. That is alot of shares and a large percentage of overall shares. I'm going to watch and look to enter after that lockout ends, and hopefully, there will be more eyes on it then. The rest looks great to me.

[triadtreats]

I can't remember exactly how those PFDs were issued, but from what I understand most of those shares were probably issued to previous insiders and holders of the company that vertex reversed merged into. I look at the diluted share numbers when valuing these shares, and it's possible that there will be some selling in the common once the lock up is done.

I'm not that worried about it. I think if they ever get listed, there will be much more visibility and liquidity in the stock by then. I continue to add, especially at these levels, as in the last recorded investors conference they said that the $80 oil was actually a good level for them because of the ability to collect at lower prices. Management said that they wouldn't do dilutive deals in the conference calls before then, so I think we're in great shape, and sellers are giving us a deal in my opinion.

[gistheman]

New here. I like the looks of this, good plan, nice margins, good share structure, but if anyone is willing, my limited experience is not letting me understand the merger arrangement of 6.6 mil shares locked up and the 4.2 mil convertible preferred that all have an anniversery date of april 2012. How will this work and how could share price be affected then?