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Oil roars to new high near $120
SINGAPORE (AP) -- Oil prices hit an all-time high near $120 a barrel Monday after a weekend refinery strike closed a pipeline system that delivers a third of Britain's North Sea oil to refineries in the U.K.
The shutdown comes amid supply outages in Nigeria that have helped to support oil against a strengthening dollar.
In the U.S., retail gasoline also hit a record for the 13th straight time. The average price of a gallon of regular unleaded rose to $3.603, up four-tenths of a cent from the previous day, according to auto organization AAA.
"We've got a confluence of a number of events that have really disrupted crude oil supply," said Victor Shum, an energy analyst with Purvin & Gertz in Singapore. "That's what's driving oil to a new record even though the U.S. dollar actually strengthened a bit."
Light, sweet crude for June delivery rose to a record $119.93 a barrel in electronic trading on the New York Mercantile Exchange. The contract eased back to $119.33 a barrel by midafternoon in Singapore, up 81 cents from Friday's close of $118.52.
BP PLC (BP) on Sunday shut down the Forties Pipeline System that carries more than 700,000 barrels of oil a day to the U.K. because of a 48-hour walkout by employees at a refinery in central Scotland.
Workers walked out of the Grangemouth refinery vowing not to give ground in their dispute with refinery owner Ineos over plans to close a generous pension scheme to new employees. Ineos chief executive Tom Crotty said it could take a week for the plant to return to production once the strike ends on Tuesday. BP said its pipeline could be up and running within 24 hours.
BP's Kinneil plant, the onshore processing center for the pipeline system, is powered from the Grangemouth site.
"With the refinery being shut down, it will affect supplies from the North Sea and that has a potentially significant impact," said David Moore, a commodity strategist with the Commonwealth Bank of Australia in Sydney. "That comes at the same time that there's production disruptions from Nigeria so the combined effect of those is the immediate factor that's put pressure on oil prices."
In Nigeria, the Movement for the Emancipation of the Niger Delta, or MEND, said its fighters hit an oil pipeline late Thursday, the fourth conduit the group has attacked in the past week. MEND said the pipeline belongs to a Royal Dutch Shell PLC joint venture. A Shell spokesman confirmed one of its pipelines had been hit, but provided no additional details.
Separately, workers at an ExxonMobil Corp. (XOM, Fortune 500) joint venture there cut production by an unspecified amount to demand more pay.
Demand is high for Nigeria's light, sweet crude, which is easily refined. After years of militant attacks, however, Nigeria's output is dropping and the country can produce only about 75% of its official production capacity of 2.5 million barrels per day.
This week, the oil market is also expected to closely watch the outcome of the U.S. Federal Reserve's policy meeting on Tuesday and Wednesday.
The central bank's policymakers will meet to decide whether to lower interest rates again and to issue an updated assessment of the U.S. economy and financial system. Most investors believe the Fed will lower rates by another quarter percentage point - and that it will also suggest it may temporarily halt its round of recent cuts.
"There are a lot of expectations that the Fed will make an announcement that they will take a pause in interest rate cuts," Shum said. "If that's the case, then the U.S. dollar may bottom out and that could cause some pullback in oil pricing."
Many analysts believe the weakness of the dollar is a bigger factor than supply and demand because the soft dollar draws investors worried about inflation into commodities such as oil and gold. It also makes commodities less expensive for buyers operating in other currencies.
In other Nymex trading, heating oil futures rose 0.92 cent to $3.312 a gallon while gasoline prices added 1.32 cents to $3.0669 a gallon. Natural gas futures added 12.4 cents to $11.087 per 1,000 cubic feet.
Brent crude futures rose 84 cents to $117.18 a barrel on the ICE Futures exchange in London. To top of page
First Published: April 28, 2008: 4:05 AM EDT
Good morning at ADNY!
Great Shots Sulphur!
All one has to do is look at your pictures to know that there is a lot of activity - much buzz going on here!
You consistently show much activity!
Cheers.
Investor 100
YesMail_ March 2008 - Press Release.
Impressive success that should help CPNE!
Yesmail recognized for innovative development practices
Google's Web Toolkit is a key ingredient in Yesmail's development mix
OMAHA, NE, March 11, 2008 — For Yesmail® (an infoUSA®company, [NASDAQ: IUSA]), a recognized industry-leading provider of permission-based online email marketing solutions, 2007 was not only a year of tremendous growth but also a coming-out party in many respects as the company unveiled two new platforms and a significant re-release of its primary Enterprise offering. The products speak for themselves, however it is what is behind these technology advancements that has catapulted Yesmail into the technology leadership position among email service providers. In addition to modern software design concepts, agile development processes and an iterative product management approach, Yesmail is pushing the envelope by utilizing cutting edge development tools.
Last year concluded with several milestones for Yesmail, including a leader ranking in the Forrester Q4 2007 Email Marketing Service Provider Wave Report. Julie Katz, lead analyst for email marketing at Forrester wrote, "A rebuilt platform and iterative development processes earn Yesmail a Leader slot in Forrester's evaluation of email marketing service providers." The report also called out Yesmail's iterative development process using Agile enabled the company to release new features every two weeks.
In 2006 Yesmail selected Google's Web Toolkit as the framework that would enable innovation and best-in-class technology development. Google Web Toolkit (GWT) is an open source Java software development framework that makes writing AJAX applications like Google Maps and Gmail easy for developers who don't speak browser quirks as a second language. GWT eliminates the need to spend significant time working around subtle incompatibilities between web browsers and platforms, and JavaScript's lack of modularity makes sharing, testing, and reusing AJAX components difficult and fragile. As a result, embracing a powerful toolkit like GWT allowed Yesmail's developers to focus their creative energy on innovative user interface elements.
Fast forward to 2007: Yesmail recognized the underpinning of its email marketing platforms needed to become a modern web 2.0 user experience for clients. "The speed with which the company could develop features using GWT was an encouraging first step, as it worked within our two-week iterative process," said Chris Jones, Sr. Software Developer at Yesmail. "Initially we used GWT only when we needed something beyond the scope of standard forms, but as our code base grew, the team realized it could enhance interfaces by re-factoring some of our GWT UI Code into a common library. Eventually, our code base was rich enough and the development team fluent enough with GWT that it became our de-facto development platform for the user interface." For more information please read "Yesmail talks about GWT" at http://googlewebtoolkit.blogspot.com.
Yesmail's advancements in technology and product development processes have equated to business growth and bottom line results as well. Revenue growth over the past three years has averaged over 40% and the company is among the most profitable in the email services sector. This success has allowed Yesmail to further its investment in its technology organization and has enabled it to branch out in the small and mid-markets. Yesmail also holds 2 decision-support and artificial intelligence related patents and is evaluating the patentability of certain product development initiatives.
Yesmail continues its positive momentum in 2008 with a recent leader designation in the Large-Enterprise Service Provider Category from JupiterResearch in the recently published Jupiter Buyers Guide of Email Marketing Service Providers. The guide is an evaluation of the offerings of 32 vendors. JupiterResearch bases their overall value, suitability, and breadth on the distinct needs of three types of marketers, and places them in three categories (i.e., full-service, small-/midsize-business, and large-enterprise). The full report is available for purchase for $3500 and is located on the Jupiter Research website. http://www.jupiterresearch.com/bin/item.pl/research:vision/1103/id=100095/
Commerce Moving On its Plan!
CEO Tony Roth moving quickly to get Iventa moving as the key component for CPNE!
Given ore time and securing more business I am confident this will have a positive impact!
About Yesmail
Yesmail is a recognized industry-leading provider of online emarketing solutions. Built on a solid core of innovative technology, Yesmail offers a complete portfolio of email marketing solutions for businesses of all sizes including, Yesmail Enterprise, Yesmail Express, Yesmail Direct, Yesmail Media and Yesmail Data Boost. Yesmail exceeds the expectations of Fortune 500, mid-size companies and small businesses worldwide powering their strategies with highly trained account teams and best practices consulting. Clients specializing in consumer products, retail, publishing, travel and finance are well served globally with award-winning solutions localized in single-byte and double-byte languages. Yesmail was founded in 1997 and is a subsidiary of InfoUSA. Yesmail corporate headquarters are located in Portland, Oregon, USA and has offices in Los Angeles, San Francisco, New York, Chicago, Omaha, Toronto, London and Singapore. For more information visit www.yesmail.com or call 1.877.Yesmail.
About infoUSA
infoUSA (www.infoUSA.com), founded in 1972, is the leading provider of business and consumer databases for sales leads & mailing lists, database marketing services, data processing services and sales and marketing solutions. Content is the essential ingredient in every marketing program, and infoUSA has the most comprehensive data in the industry, and is the only company to own 12 proprietary databases under one roof. The infoUSA database powers the directory services of the top Internet traffic-generating sites. Nearly 4 million customers use infoUSA's products and services to find new customers, grow their sales, and for other direct marketing, telemarketing, customer analysis and credit reference purposes. infoUSA headquarters are located at 5711 S. 86th Circle, Omaha, NE 68127 and can be contacted at (402) 593-4500. To know more about Sales Leads, click www.infousa.com. To get a 72-hour free trial and 100 free sales leads, click www.salesgenie.com.
WSI raises 2008 Atlantic hurricane forecast!
NEW YORK (Reuters) - Private weather forecaster WSI Corp said on Tuesday it raised the number of Atlantic hurricanes it expects this year to eight from seven due to warmer-than-normal ocean temperatures that will likely encourage storm development.
"We have increased our forecast slightly based on continued Atlantic warming in recent months, along with the persistence, albeit a bit weaker, of the La Nina event," said WSI seasonal forecaster Todd Crawford in a press release.
Financial markets watch hurricane forecasts closely after a parade of severe storms in 2005 demolished parts of the U.S. Gulf Coast, causing billions of dollars in damage and temporarily shutting down a quarter of the nation's refining capacity.
WSI's forecast for the 2008 season calls for 14 named storms, eight of which will become hurricanes and four of which will strengthen into major hurricanes. The outlook is up slightly from WSI's outlook in December, which called for 14 named storms, seven hurricanes, and three intense hurricanes.
The hurricane season runs for six months starting June 1.
WSI's forecast numbers are significantly higher than the 1950-2007 averages of 9.7 named storms, 5.9 hurricanes and 2.3 intense hurricanes, the Massachusetts-based company said.
The forecast is in line with a recent outlook from Colorado State University that called for 15 named storms, eight hurricanes and four major hurricanes.
Oil Record High $118!
LONDON (Reuters) - Oil rose to a record high above $118 on Tuesday, boosted by a jump in oil demand last month from China, the world's second biggest energy consumer, and worries about supply from key producers Russia and Nigeria.
U.S. light crude for May delivery was up 25 cents at $117.73 a barrel by 1108 GMT (7:08 a.m. EDT), easing from an all-time peak of $118.05 hit earlier in the day.
London Brent crude was up 40 cents at $114.83 a barrel, after rising to a record peak of $115.03.
Oil has hit a string of record highs this month, driven by booming demand from emerging markets such as China that has coincided with long-term supply constraints.
A weak U.S. dollar has also played a part in boosting the price of dollar-denominated commodities like oil and also attracted speculative inflows from hedge funds.
"Every time the market does make new highs, it suggests that the upward trend is still intact and that provides a catalyst for the funds to keep buying it," said Tony Machacek of Bache Commodities Ltd.
China's oil demand leapt 8 percent in March from a year ago, the fastest rate in 19 months as refiners boosted imports ahead of the Olympics.
But the high cost of producing more oil plus political constraints on new supplies mean the market looks set to struggle to keep pace with growing emerging market demand.
"The news that Russia, the largest non-OPEC producer, will produce less this year than the year before and Nigeria's output may be set to fall because of lack of investment makes people realize high prices are justified," said Bob Greer, executive vice president at commodity fund manager PIMCO.
"The 5 year forward contract has gone above $100," he said, referring to a surge in long-dated oil prices.
From 2010 to 2016, for example, oil prices currently range from around $106 to nearly $108 a barrel.
The long-term drivers for investment in the oil market include tight spare capacity, slow output growth from non-OPEC producers and robust demand from emerging economies. This is more than compensating for declining demand from industrial countries.
SUPPLY DISRUPTIONS
Against this backdrop, the market is sensitive to any events that could threaten supply.
Pipeline attacks in OPEC member Nigeria last week shut 169,000 barrels per day (bpd) of Bonny Light production, forcing Royal Dutch Shell Plc (RDSa.L: Quote, Profile, Research) to declare force majeure on crude oil exports.
Nigerian rebels also attacked two Shell oil pipelines in the Niger Delta on Monday.
An oil refinery at Grangemouth in Scotland has begun shutting down ahead of a two-day strike due to start on Sunday. Some North Sea oil and natural gas output will have to be shut in if the strike halts the refinery.
The Organization of the Petroleum Exporting Countries has insisted the market has enough oil and refused to pump more crude despite calls for more oil from consumer nations.
A lack of spare global output capacity means very little can be done to tame record high oil prices, Shokri Ghanem, head of Libya's National Oil Corporation said.
"Prices will have to stay high in the long term to encourage exploration and production," he said, speaking on the sidelines of the International Energy Forum in Rome.
(Reporting by Felicia Loo in Singapore, Editing by Margaret Orgill)
Patience is key!
We know the reason for the delay and until that audit process is complete we need more patience.
I am confident in Tony Roth and his management team who are having to clean up the mess from the previous team so I say be patient while the process unfolds.
Investor 100
Good morning ADNY!
Good morning Deep Down!
BANGKOK, Thailand (AP) -- Oil prices spiked to a record of $117.40 a barrel after a Japanese oil tanker was attacked off the east coast of Yemen.
The 150,000-ton tanker Takayama was attacked about 270 miles off the Yemen coast in the Gulf of Aden while it was heading for Saudi Arabia, its Japanese operator, Nippon Yusen K.K., said in a statement posted on its Web site.
None of the ship's 23 crew members was injured, and the extent of damage to the tanker was under investigation, the company said. Kyodo News agency reported that the Japanese tanker was leaking fuel after it was fired on by a rocket launcher from a small boat. No other details were immediately available.
News of the attack pushed crude oil futures higher into record territory.
"There's clearly some geopolitical tension in the market," said Mark Pervan, senior commodity strategist at the ANZ Bank in Melbourne, Australia. "This will die down, but the market is pretty jittery at the moment," he said.
Light, sweet crude for May delivery fell back quickly after pushing to $117.40 a barrel. Later it fell back to $117.02 a barrel, up 33 cents from the close at the end of last week.
Meanwhile, gas prices have hit another record, according to the auto club AAA.
Retail gas has hit an all-time high of $3.503 a gallon on average nationwide, according to AAA's Web site. That's about 65 cents higher than a year ago.
Last Friday, crude rose to touch $117 for the first time after an attack on a Royal Dutch Shell PLC pipeline by the Movement for the Emancipation of the Niger Delta - the main militant group in Nigeria's restive south.
The group also promised further attacks on the petroleum industry in Africa's largest producer of crude oil.
Pervan said incidents such as the pipeline and tanker attacks were "one-off" issues that didn't really change the supply-demand fundamentals of the market.
Comments over the weekend by an OPEC official that the group isn't likely to increase production also supported prices on Monday.
Abdullah el al-Badri, secretary-general of the Organization of Petroleum Exporting Countries, said Sunday that oil prices would likely go higher and that the group was ready to raise production if the price pressure was due to a shortage of supply - something he doubted.
"Oil prices, there is a common understanding that has nothing to do with supply and demand," al-Badri said on the sidelines of an energy conference in Rome.
Last Friday, Shell confirmed a pipeline leak that it said appeared to have been caused by explosives. It said it had isolated the line for repairs and that a small quantity of production had been shut.
Attacks since early 2006 on Nigerian oil infrastructure by the militant group have cut nearly one-quarter of the country's normal petroleum output, boosting oil prices. Nigeria is a major supplier of oil to the U.S.
Also over the weekend, Iran's hard-line President Mahmoud Ahmadinejad was quoted Saturday as saying crude oil prices at $115 a barrel are too low, and that oil must "discover its real value."
The Iranian president made the remarks during a visit to an oil and gas exhibition in Tehran late Friday.
In other Nymex trading, heating oil futures rose 2.37 cents to $3.316 a gallon while gasoline prices rose 0.07 cent to $2.99 a gallon. Natural gas futures rose 6.8 cents to $10.655 per 1,000 cubic feet.
Brent crude futures for June rose 23 cents to $114.15 a barrel on the ICE Futures exchange in London.
Outstanding Report Brikk!
2008 is going to be a solid year of growth!
"Demand for our services continues to grow as the price of fuel increases and customers are looking for a way to buy large quantities of fuel as a hedge against rising oil prices".
Cheers!
Investor 100
Impressive List of Customers!
Quote from Ron Smith - President/CEO
"Our strategy is to become a major player in many facets of the offshore deepwater industry."
I think with this list of customers that will not be a problem!!!
BP Petroleum,
Royal Dutch Shell,
Exxon Mobil Corporation,
Devon Energy Corporation
Chevron Corporation
Anadarko Petroleum Corporation
Marathon Oil Corporation
Kerr-McGee Corporation
Nexen Inc.
BHP
Amerada Hess
Helix
Oceaneering InternationalInc.
Subsea 7
Transocean Offshore
Diamond Offshore
Marinette Marine Corporation
Acergy
Veolia Environmental Services
Noble Energy Inc.
Aker Kvaerner
Camero Oil States
Dril-Quip, Inc.
Nexans
Cabett
JDR
Duco
Sounds Like a Fortune 500 Company!
Deep Down clearly on a mission that does not stop!
Today's news is terrific for all shareholders and employee's at DPDW!
The leadership at the top speaks volumes as to where this company is heading!
Pleased to be shareholder.
Cheers.
Investor 100
Good Morning - Gas Rises to new records!
SINGAPORE (AP) -- Oil prices hit an all-time high above $115 a barrel Thursday amid concerns about sagging U.S. gasoline supplies ahead of the peak demand of the Northern Hemisphere summer.
The U.S. Energy Department said Wednesday that inventories of gasoline fell 5.5 million barrels last week, a much bigger decline than forecast by analysts surveyed by Dow Jones Newswires.
Crude inventories fell 2.3 million barrels last week, the department's Energy Information Administration also reported, while analysts expected a gain.
"The market has focused on the substantial draw in gasoline in the U.S. and also the large crude oil draw," said Victor Shum, an energy analyst with Purvin & Gertz in Singapore. "The report has provided a knee-jerk reaction for the market and has driven oil to a new high."
Light, sweet crude for May delivery rose as high as $115.45 a barrel in electronic trading on the New York Mercantile Exchange. It eased back to $114.94 a barrel, late afternoon in Singapore.
That is 1 cent higher than the overnight settlement record of $114.93 a barrel. During Wednesday's floor session, oil futures made their first move past the $115 mark.
The surge in oil prices reflected concerns about how much gasoline will be available during America's driving season.
Retail gas prices also have hit a record $3.418 a gallon on average nationwide, according to AAA. That's up nearly 2 cents from $3.399 the previous day Gas prices are nearly 20% higher than they were this time last year.
But analysts said the U.S. inventory report also showed that the country's appetite for increasingly expensive gas is declining, noting that gasoline inventories remained at healthy levels despite the drop.
"Gasoline and crude inventories dropped primarily because refiners are not really ordering crude oil and they are also holding back on operating rates because demand is weak," Shum said. "The concerns about gasoline supply in the summer may be overdone."
The EIA report also said inventories of distillates, which include heating oil and diesel, unexpectedly rose last week by about 100,000 barrels. Analysts had expected a sharp decline.
Oil prices were also boosted by the falling dollar, which declined to a new low against the euro on Wednesday. Many investors buy commodities such as oil as a hedge against inflation and a falling greenback. A weaker dollar also makes oil cheaper to investors overseas.
"The market is driven by investors piling money into oil because of the weakening U.S. dollar. Until the dollar really stabilizes, financial investors will continue to prop up oil prices," Shum said.
In other Nymex trading, gasoline futures rose 1.8 cents to $2.957 a gallon while heating oil futures gained 1.36 cents to $3.2966 a gallon. Natural gas prices fell 0.5 cent to $10.428 per 1,000 cubic feet.
Brent crude futures rose 29 cents to $112.95 a barrel on the ICE Futures exchange in London. To top of page
First Published: April 17, 2008: 5:27
Brikk-
Pleased to read the positive news tonight!
This should begin receiving more attention in weeks and months to come.
Pleased to be a shareholder / adding on dips.
Cheers.
Investor 100
Thanks Shmolton!
Pleased to read that we have some updates coming up this week.
Should be an exciting week as the potential with ADNY is exceptional.
Pleased to be a shareholder / buying on dips.
Investor 100
Up 12.5% on 25K Volume!
Consistent Press Release!
Fantastic press release today with impressive specifics on what Deep Down delivers!
Clearly reaching out to the market with technical specifics with a keen eye to attracting more business - and pictures attached - savy management team here!!!
I think the institutions grasp what DPDW does with this release today - LOL!
Please to be a shareholder and adding to position!
Investor 100
Welcome Ril0787 to ADNY!
Your timing is on par with a name change and much opportunity going.
Much success to you and all of us.
Cheers
Investor 100
Excellent Press Release Today!
I wonder if this has any bearing on uplisting to AMEX-LOL!
Another solid press release for Deep Down and its management team!
About Standard & Poor's Factual Stock Reports
This Standard & Poor’s service provides factual research coverage enabling information about Deep Down, Inc. and other securities to reach a wide investor audience of Buy and Sell-side investors, helping them understand a company’s fundamentals and business prospects. Currently profiling over 1,000 issuers, S&P Factual Stock Reports increase market awareness for issuers in the investment community with insightful commentary and key statistics/information. Updated weekly with the latest pricing, trading volume, and other data, the reports include recent developments, a financial review, key operating information, Industry and peer comparisons, institutional holdings analysis, Street Consensus and opinions, performance charts, business summary, fundamental data, and news. Because coverage of these reports is sponsored by the issuer, S&P does not offer investment opinions concerning the advisability of investing in these stocks.
Standard & Poor’s Factual Stock Reports are produced separately from any other analytic activity of Standard & Poor’s. Standard & Poor’s Factual Report research has no access to non-public information received by other units of Standard & Poor’s. Standard & Poor’s does not trade on its own account.
National Biodiesel Board- March 6,2008
Pres. Bush Calls Biodiesel Most Promising Fuel to Meet RFS Requirements WIREC Conference Puts Biodiesel, Renewable Fuels, on Center Stage
WASHINGTON, D.C.– President Bush yesterday at the Washington International Renewable Energy Conference (WIREC) called biodiesel the most promising renewable fuel for helping to meet renewable fuels standards. Today, the WIREC conference wraps up its four-day sessions that began Monday, March 3.
Here are a few of the ways biodiesel was highlighted.
"The legislation requires fuel producers to supply at least 36 billion gallons of renewable fuel in the year 2022," said Pres. Bush. "In other words, these just aren't goals, these are mandatory requirements. I'm confident the United States can meet those goals, and I know we must, for the sake of economic security, national security, and for the sake of being good stewards of the environment.
Biodiesel is the most promising of these fuels. Biodiesel refineries can produce fuel from soybeans, and vegetable oils, and recycled cooking grease, from waste materials. All you out there with waste, you may be in business before you know it as this new technology kicks in.
Most Americans -- or, more Americans -- are beginning to realize the benefits of biodiesel every year.
"Last year, we produced 450 million gallons of biodiesel. That's up 80 percent from 2006. Today there are more than 650 biodiesel fueling stations in America. There are hundreds of fleet operators that use biodiesel to fuel their trucks, and that's just the beginning of what is going to be a substantial change in our driving habits," said Pres. Bush.
Equipment at the conference showed biodiesel in application. Volvo Group, together with Mack® Trucks, featured trucks running on renewable fuels, including biodiesel, on the trade show exposition floor. The truck running on biodiesel was manufactured in Dublin, Va. President Bush also visited this exhibit, commenting on the "amazing joint venture with Mack and Volvo on these giant trucks that are using biodiesel to power them."
See www.volvogroup.com for more.
Manning Feraci, National Biodiesel Board VP of Federal Affairs, addressed conference attendees in a session yesterday. The NBB also held a booth at WIREC.
The NBB is the national trade association of the biodiesel industry and is the coordinating body for
# # #
For more details on biodiesel, visit biodiesel.org.
Excellent News Video Joe!
Thanks,
I-100
Good morning @ Deep Down!
Pleased to read today's press release!
Kudo's to the DPDW management team for another solid press release this morning.
The nature of each press release is well defined with solid evidence that they are staying with their business model.
Clearly, a business model whereby they are a "one shop" provides all the required services this sector requires.
Pleased to be a shareholder and acquiring more shares on dips.
Cheers
Investor 100
Good morning ADNY!
Biodiesel 2020: A Global Market Survey, 2nd Edition
Market Survey, Feedstock Trends and Forecasts
Biodiesel 2020, 2nd Edition (685 pages) tracks the U.S. and global markets for biodiesel growth, details major feedstock trends, and provides 5 to 10 year forecasts for biodiesel demand, consumption and production. Europe, China, India and Brazil are also covered as case studies. Proprietary forecasts developed for this study are also used to produce 2020 "scenarios" for the U.S., Europe, China, India and Brazil.
The 2nd edition of the Biodiesel 2020 study finds the biodiesel industry is entering a new era of transition to alternative feedstocks, emerging technologies, and revised government policies favoring sustainable feedstocks and fuels. Each of these transitions offers considerable challenges and growth opportunities for biodiesel developers, producers, feedstock producers, and entrepreneurs.
Biodiesel Emerges as a Global Industry
"The global markets for biodiesel are entering a period of rapid, transitional growth, creating both uncertainty and opportunity. The first generation biodiesel markets in Europe and the US have reached impressive biodiesel production capacity levels, but remain constrained by feedstock availability. In the BRIC nations of Brazil, India and China, key government initiatives are spawning hundreds of new opportunities for feedstock development, biodiesel production, and export" said Biodiesel 2020 author Will Thurmond.
A fundamental transition in global fuel production is now happening. In the year 2007, there were only 20 oil producing nations supplying the needs of over 200 nations. By the year 2010, more than 200 nations will become biodiesel producing nations and suppliers," said Thurmond. "The world is entering a new era of participation by emerging market nations in global green energy production for transport fuels."
Growth in Non-Food Feedstocks
Biodiesel feedstock markets world-wide are in transition from increasingly expensive first generation feedstocks soy, rapeseed and palm oil to alternative, lower cost, non-food feedstocks. As a result, a surge in demand for alternative feedstocks is driving new growth opportunities in the sector.
Biodiesel growth from non-food feedstocks is gaining traction around the world," said Thurmond. "For example, China recently set aside an area the size of England to produce jatropha and other non-food plants for biodiesel. India has up to 60 million hectares of non-arable land available to produce jatropha, and intends to replace 20% of diesel fuels with jatropha-based biodiesel. In Brazil and Africa, there are significant programs underway dedicated to producing non-food crops jatropha and castor for biodiesel."
"In the US and the EU, algae-based biodiesel ventures are growing in response to demands for clean fuels. Each of these endeavors clearly demonstrates increased public and private sector interest in non-food, second generation markets," said Thurmond.
Sustainability Concerns Drive Industry Growth
An increasing number of second generation biodiesel projects are now emerging in anticipation of growing sustainability concerns by governments, and in response to market demands for improved process efficiencies and greater feedstock production yields.
"Many governments are now revising their biofuels policies in a reactive or a proactive manner," Thurmond notes. "If governments continue to pro-actively support and promote research & development in second generation technologies including renewable diesel, BTL biomass to liquids projects, algae, and cellulosic diesel; and if governments continue to actively support the development of sustainable, alternative, lower-cost feedstocks such as algae, jatropha, castor, used vegetable oil, tallow, and other sustainable feedstocks, the prospects for achieving biodiesel targets may be realized faster than anticipated. The Biodiesel 2020 study finds that each of these variables will be essential to achieving biofuels for transport targets" said Thurmond.
Second Generation Opportunities
As the Europe and US markets transition to larger plants, alternative feedstocks and 2nd generation technologies, the Biodiesel 2020 study predicts a consolidation among smaller, first generation producers from 2008-2010, accompanied by a series of mergers and acquisitions in the field.
"From 2008 through 2020, a series of transitions in the biodiesel industry will create winners and losers," said Thurmond. "Biodiesel producers that are best able to evolve and adapt to transitions in technology, markets, feedstocks and government policies are most likely to succeed over the long term."
Opportunities and Outlook
The initial results from the study Biodiesel 2020: A Global Market Survey find that new developers, farmers, feedstock providers, producers, and investors who can meet growing demands for supply are expected to benefit from this emerging market.
In addition, this study finds key advantages in the future will be available to producers and investors to supply future needs with new and improved technologies; alternative feed stocks with higher yields such as jatropha and algae biodiesel; production scalability and flexibility options; supply chain, distribution and co-location strategies; innovative risk management strategies; and industry-friendly government targets and tax incentives committed to promoting the awareness and growth of the industry.
With an eye on the future, Biodiesel 2020: A Global Market Survey provides forecasts and scenarios to the year 2020 for the U.S. and European markets as well as the "big emerging markets" of China, Brazil and India. For Brazil, China and India, the study includes long-term forecasts and year 2020 scenarios, each measuring growth in the diesel and biodiesel markets, as well as focusing on the potential for biodiesel growth.
Bud Adams- Accomplished Alumni -
Bud and a few of his close high-school alumni inducted reflects
the fact that he holds good company among many business leaders!
This guy ( whom I have met ) is a first class businessman, well connected and am pleased that he is a customer for ADNY!
Accomplished Culver alumni include Tennessee Titans owner K.S. “Bud” Adams ’40, actor Hal Holbrook ’42, Weather Channel founder Frank Batten ’45, New York Yankees owner George Steinbrenner ’48, Penske Corp.’s Roger Penske ’50, Bill Koch ’58, winner of the America’s Cup yacht race; Oklahoma Gov. Frank Keating ’60, U.S. Sen. Evan Bayh ’69 of Indiana, children’s book author Jon Scieszka ’72, Abbott Laboratories Chairman and CEO Miles White ’73 and five-time National Hockey League all-star and 1986 rookie of the year Gary Suter ’82.
BIODIESEL ( FAQ )
What is biodiesel?
Biodiesel is the name of a clean burning alternative fuel produced from domestic,
renewable resources.
Biodiesel contains no petroleum, but it can be blended at any
level with petroleum diesel to create a biodiesel blend.
It can be used in compressionignition
(diesel) engines with no major modifications.
Biodiesel is simple to use, biodegradable, nontoxic, and essentially free of sulfur and aromatics.
Technical Definition: Biodiesel, n—a fuel composed of mono-alkyl esters of long chain fatty acids derived from vegetable oils or animal fats, designated B100, and meeting the requirements of ASTM (American Society for Testing & Materials) D 6751.
Is biodiesel used as a pure fuel or is it blended with petroleum diesel?
Biodiesel can be used as a pure fuel or blended with petroleum in any percentage.
B20 (a blend of 20 percent biodiesel with 80 percent petroleum diesel) has demonstrated significant environmental benefits with a minimum increase in cost for fleet operations and other consumers.
Is it approved for use in the U.S.?
Biodiesel is registered as a fuel and fuel additive with the Environmental Protection Agency (EPA) and meets clean diesel standards established by the California Air Resources Board (CARB).
Neat (100 percent) biodiesel has been designated as an
alternative fuel by the Department of Energy (DOE) and the U.S. Department of Transportation (DOT).
How do biodiesel emissions compare to petroleum diesel?
Biodiesel is the only alternative fuel to have fully completed the health effects testing requirements of the Clean Air Act. The use of biodiesel in a conventional diesel engine results in a substantial reduction of unburned hydrocarbons, carbon monoxide, and particulate matter compared to emissions from diesel fuel.
In addition, the exhaust emissions of sulfur oxides and sulfates (major components of acid rain) from biodiesel are essentially eliminated compared to diesel.
Of the major exhaust pollutants, both unburned hydrocarbons and nitrogen oxides are ozone or smog forming precursors.
The use of biodiesel results in a substantial reduction
of unburned hydrocarbons.
Emissions of nitrogen oxides are either slightly reduced or
slightly increased depending on the duty cycle of the engine and testing methods used.
Based on engine testing, using the most stringent emissions testing protocols required by EPA for certification of fuels or fuel additives in the U.S., the overall ozone (smog) forming potential of the hydrocarbon exhaust emissions from biodiesel is nearly 50 percent less than that measured for diesel fuel.
Can I use biodiesel in my existing diesel engine?
Biodiesel works in any diesel engine with few or no modifications to the engine or the nfuel system.
Biodiesel has a solvent effect that may release deposits accumulated on tank walls and pipes from previous diesel fuel usage.
The release of deposits may end up in fuel filters initially, so fuel filters should be checked more frequently at first.
Ensure that only fuel meeting the biodiesel specification (D 6751) is used.
Can biodiesel help mitigate “global warming”?
Biodiesel is the best greenhouse gas mitigation strategy for today’s medium and heavy duty vehicles.
A 1998 biodiesel lifecycle study, jointly sponsored by the U.S. Department of Energy and the U.S. Department of Agriculture, concluded biodiesel reduces net carbon dioxide emissions by 78 percent compared to petroleum diesel.
This is due to biodiesel’s closed carbon cycle.
The CO² released into the atmosphere when biodiesel is burned is recycled by growing plants, which are later processed into fuel.
Does biodiesel take more energy to make than it gives back?
No. Biodiesel actually has the highest “energy balance” of any transportation fuel.
The DOE/USDA lifecycle analysis shows for every unit of fossil energy it takes to make biodiesel, 3.2 units of energy are gained. This takes into account the planting, harvesting, fuel production and fuel transportation to the end user.
Is biodiesel better for human health than petroleum diesel?
Scientific research confirms that biodiesel exhaust has a less harmful impact on human health than petroleum diesel fuel. Pure biodiesel emissions have decreased levels of polycyclic aromatic hydrocarbons (PAH) and nitrited PAH compounds that have been
identified as potential cancer causing compounds.
Also, particulate matter, an emission linked to asthma and other diseases, is reduced by about 47 percent, and carbon monoxide, a poisonous gas, is reduced by about 48 percent.
Does biodiesel cost more than other alternative fuels?
A federal tax incentive is expected to help lower the cost of biodiesel blends in both taxable and tax exempt markets. Additionally, when reviewing the high costs associated with other alternative fuel systems, many fleet managers determine biodiesel is their least-cost-strategy to comply with state and federal regulations.
Use ofbiodiesel does not require major engine modifications.
That means operators keep their same fleets, spare parts inventories, refueling stations and skilled mechanics.
Do I need special storage facilities?
In general, the standard storage and handling procedures used for petroleum diesel can be used for biodiesel. The fuel should be stored in a clean, dry, dark environment.
Acceptable storage tank materials include aluminum, steel, fluorinated polyethylene, fluorinated polypropylene and teflon. Copper, brass, lead, tin, and zinc should be avoided.
The DOE Biodiesel Handling/Use Guidelines can be found at www.biodiesel.org.
Where can I purchase biodiesel?
Biodiesel is available anywhere in the U.S.
The National Biodiesel Board (NBB) maintains a list of registered fuel suppliers as well as petroleum distributors and retail fueling sites.
A current list is available on the biodiesel web site at www.biodiesel.org
People
Bud Adams Is A Big Ol' Bargain
Dan Ackman, 04.26.01, 6:30 PM ET
NEW YORK - K.S. "Bud" Adams has been chief executive of Adams Resources & Energy for 54 years. He seems to be getting the hang of it. Over the past five years, the oil and natural gas marketing company has increased sales by 46% per year to almost $7 billion, while being consistently profitable.
Recently, Adams Resources (amex: AE - news - people) has expanded into exploration. Last year it hit on 21 of 33 wells, Adams says.
The CEO of the Houston-based company makes the Forbes Top CEOs list by virtue of the company's sales: It is unranked in terms of profits, assets and market value. The 77-year-old CEO, meanwhile, leaps to second place in the value rankings by paying himself a total of just over $1 million during the last five years. "I try to hire the right guys and I pay some of them a lot more than I get. But they add to the bottom line," he says.
Like Warren Buffett, the CEO of Berkshire Hathaway (nyse: BRK.A) who tops our list, Adams owns a good chunk of the company (49.55%), with a market value of $63 million, and thus is not dependent on salary or stock options. Of course, there are many CEOs with as much money as Adams, yet they still arrange for their companies' shareholders to pay them more while delivering less.
K.S. "Bud" Adams
Beyond Adams Resources, which went public in 1974, Adams owns farms, ranches and auto dealerships. He also owns the NFL's Tennessee Titans. He bought the team (then the Houston Oilers, one of the original American Football League franchises) in 1959 for an initial investment of $25,000.
The Titans, who made it to the Super Bowl in 2000 and had the best record in the AFC last season, would now probably sell for more than $700 million.
Now that's value.
Terrific News This Week!
Pleased to read of the new symbol ADNY which clearly reflects their business model and business!
Been an avid reader of this board for many months with an initial position many months back and adding as the dips occur.
Much like my other pick I look for new opportunities as this sector continues to get a lot of press from within and outside the industry.
Pleased to be a shareholder.
Cheers.
Investor 100
Acting Like a Fortune 500 Company!
Clearly notice that the management team with Steve Haag are working to spread the news and I am confident that their hard work will pay big dividends in the months and years to come!
Tours to the 2008 Oil and Gas Symposium Small Cap Conference hosted by the Independent Petroleum Association of America in February 12-14- Hollywood,Florida hosting a breakfast round table for corporations market caps of up to $1B!...
...then management presents to institutional investors during the Energy Supply Conference hosted by Dahlman Rose & Company on March 12-13,2008 in Boston,Mass and New York City!
On March 10, 2008, Dahlman Rose reiterated their BUY rating on our common stock with a per share price target of $2.50.
Pleased to be an investor /shareholder.
Cheers.
Investor 100
Terrific News Today!
What is fun about today's press release is that we all had the opportunity to watch this project with the help of the companies camera lens ( Thanks Sulphur ).
I for one could not pass an examination on what they are constructing but I can tell you that all the activity created in the shop is helping the companies bottom line and adding shareholder value- todays news is 1.5M
Pleased to be a shareholder and many thanks for the great DD to all.
Investor 100
Management @ Deep Down Stellar!
I have heard many time .....
1) "Action Speaks louder than Words ".
2) " Show me the Money'$"
Today's press release is another indicator just how confident management is and has been all along!
What a company...allow us to view the work via camera's, shareholder visits always welcome, management upfront and shareholder friendly, hot sector for years to come, full service company with more to come..
Pleased to be a shareholder/ investor for months and years ahead.
Cheers
Investor 100
Thanks again for the pictures Sulphur!
The image is much improved ( now I can take off my glasses)!
Lots of productive activity going on there!!!
Cheers.
Investor 100
Today's News is Good News!
The acquisition of Iventa just a few months back and then hiring some key managers for marketing / and sales is beginning to pay dividends with today's news.
I know in speaking with Tony Roth the PPS / PE is undervalued and he believes Iventa is going to lead the charge in 2008.
Today's news is terrific and I expect that we will see more news related to Iventa in the coming weeks/months ( IMO).
Investor 100
Commerce Planet Signs E-Commerce Agreement for Ironman(R) Nutritional Products
Commerce Planet, Inc. (OTCBB:CPNE) and its subsidiary Iventa, LLC, a global leader in web-enabled e-commerce management software, announced today the signing of an exclusive online marketing and e-commerce agreement with Naturally Scientific, Inc., manufacturer of Ironman® brand health and nutrition products. Naturally Scientific has granted Commerce Planet the exclusive right to operate e-commerce websites, internet sales and direct marketing for its Ironman® Nutrition product line for up to five years.
“Through the use of the Dashboard System™ to drive and support Naturally Scientific’s e-commerce, and by employing a targeted regional market plan to promote their Ironman® Nutrition line, we are able to provide Naturally Scientific with a complete e-commerce system that gives each promotional event and new product roll-out its own website and marketing campaign designed to grow its already loyal consumer base,” said Tony Roth, President and Chief Executive Officer of Commerce Planet.
Mr. Roth continued, “This is another great example of how we are using the marketing services of Commerce Planet to fully leverage the proven proprietary technology of Iventa to further expand our client relationships and our business model.”
About Iventa
Iventa is the global leader in web-enabled business management software. Iventa's core platform, the Dashboard System™, provides world-class software solutions ranging from out-of-the-box small business e-commerce website templates to full-scale enterprise e-commerce, subscription, content management, email, marketing, CRM and loyalty systems. The Dashboard System™ can be fully managed or custom integrated into almost any infrastructure via a robust web service platform. With the Dashboard System™, non-technical users have full control over their business functions without ever learning a single line of code or writing HTML. Enterprise clients and businesses, who maintain technical staff, have the flexibility to completely customize the implementation of the Dashboard System's™ broad range of web service enabled applications. The Dashboard System™ is available for single-use licensing or private-label/co-brand distribution via VAR's and agent channels. (US: (888) 8-IVENTA; International: (310) 640-0330; Web: www.iventa.com)
About Commerce Planet, Inc.
Commerce Planet, Inc. is a technology-driven online media, marketing, and fully integrated e-commerce provider that offers media products, lead generation services, list database management, e-commerce solutions, web marketing, call center support and CRM tools to its client partners as well as through its own direct selling businesses. Commerce Planet offers turn-key business solutions through Legacy Media, its marketing and media division, and membership sales companies, customer care and call center facility, and its newly acquired E-Commerce Dashboard™ System by Iventa. In combination these services address the needs of small – medium size businesses, B2B and B2C marketing programs, and custom solutions for enterprise clients worldwide. For more about Commerce Planet (OTCBB: CPNE), visit our website at http://www.commerceplanet.com.
New Century Capital Partners LLC
Tony Roth and his management team have signed on New Century Capital Partners LLC. One must agree that Tony must increase the value of PPS which thus far has been challenging however many strong steps have taken place during the first quarter of 2008 with Iventa. ( IMO)
New Century Capital Partners is a leading independent investment banking firm focused on digital media and technology. Since New Century Capital Partners' inception in 2006, the firm has completed 16 transactions, the majority of which were for public companies. New Century Capital Partners provides a broad range of investment banking services including: mergers and acquisitions, corporate and financial restructuring services and corporate finance services.
New Century Capital Partners has a proven track record of providing superior execution for its clients, including delivering premium valuations when raising capital or selling companies. The firm has strong relationships with leading financial institutions throughout the world. New Century Capital Partners' access to institutional private equity, venture capital, mutual funds and hedge funds allows it to structure highly competitive financing alternatives.
New Century Capital Partners' investment bankers have unparalleled industry and transaction experience. For example, the firm and its investment bankers have acted as the lead investment bankers (Request a company overview of NCCP) to some of the world’s leading digital media and technology companies. New Century Capital Partners' investment bankers have previously worked at the leading investment banking firms including: Bank of America, Citigroup, Deutsche Bank, DLJ, Merrill Lynch, Montgomery Securities and Robertson Stephens. The firm’s investment bankers have completed transaction sizes ranging from less than $100 million to more than $3 billion. Request a company overview of NCCP
Service Offerings
New Century Capital Partners provides a wide array of financial advisory and corporate finance services to its clients.
Financial Advisory Services Strategic Advisory Financial Advisory Financial Restructuring
Acquisitions Fairness Opinions Creditor / Investor Advisory
Divestitures IPO Advisory Debtor Advisory
Sell-side Solvency Opinions Special Situations
Corporate Finance Services Underwritten Offerings Private Placements
IPOs / Blank-Check Offerings (SPACs) Block Trades
Secondary Offerings Bridge Financings
Convertible Offerings Private Equity and Private Debt (PIPES)
© Copyright 2008 New Century Capital Partners,
Commerce Planet Engages Strategic Advisor
GOLETA, Calif.--(BUSINESS WIRE)--Commerce Planet, Inc. (OTCBB:CPNE) announced today that it has initiated a review of strategic alternatives to enhance shareholder value. The Company has retained New Century Capital Partners, LLC as an advisor in connection with the evaluation process. The Company noted that there can be no assurance that the exploration of strategic alternatives will result in any transaction and it undertakes no obligation to make any further announcements regarding the exploration of strategic alternatives until the outcome of the process is completed or until there are material developments.
Tony Roth, President and Chief Executive Officer, said, "The Company's decision to explore strategic alternatives is consistent with its goal to maximize value for shareholders. During this review, we will continue to focus on utilizing our healthy balance sheet and our fully-integrated propriety platforms and services to strengthen our Iventa e-commerce businesses. Iventa has tremendous experience tailoring its Dashboard™ System to fit the needs of a variety of web retail operations for entertainment, sports and event-driven companies, and leading media enterprises. We believe Commerce Planet is poised to become the company most known for solving business needs online for both small merchants and large enterprise clients.”
Thanks Sagewise.
The new CEO Tony Roth believes there is light at the end of the tunnel given many changes he has made since his designated new CEO position with CPNE.
I have spoken with him in the past several months and all the changes in the direction of the new business model and recent acquistion of Iventa plus new managers should put this company back on the right path.
This will take time given the changes and with regards to the FTC notice we will have to see how it plays out - Roth believes no foul at the moment.
“We believe in maintaining a level of high integrity throughout the online marketplace,” stated Tony Roth, Chief Executive Officer of Commerce Planet. “Over the last year we had been transitioning our business model towards a Software-as-a-Service (“SaaS”) fully-integrated e-commerce provider. The acquisition of Iventa in October 2007 and the launch of our new Dashboard System™ marks the first milestone in this multi-phase transition process.
Thanks,
Investor 100
Commerce Planet Cooperates with FTC
Commerce Planet, Inc. (OTCBB:CPNE) today said that it received a Notice of Civil Investigative Demand (“Notice”) on March 7, 2008, from the United States Federal Trade Commission (the “FTC”) for the production of documentation and a request for responses to written interrogatories.
The Notice requests information relating to the use of e-mails, metatags, computer code or programs or unfair trade practices involving Internet-related goods or services since 2004. The Company does not believe that its prior activities violated the Federal Trade Commissions Act and it intends to fully cooperate.
“We believe in maintaining a level of high integrity throughout the online marketplace,” stated Tony Roth, Chief Executive Officer of Commerce Planet. “Over the last year we had been transitioning our business model towards a Software-as-a-Service (“SaaS”) fully-integrated e-commerce provider. The acquisition of Iventa in October 2007 and the launch of our new Dashboard System™ marks the first milestone in this multi-phase transition process. Nonetheless we have been and plan to continue our cooperation with the FTC and make adequate provisions for the process.”
Thanks Brikk!
I will take this portrait over any Van Gogh! (LOL)
Thanks to Bud for taking the time to " show us all the money"!
Cheers.
Investor 100