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$MEA Scrap Metal Prices MUCH Higher In Q4 than Q3
MEA Stock Chart Breaking Out Of 50 DMA
http://stockcharts.com/h-sc/ui?s=MEA&p=D&b=5&g=0&id=p61488621582 …
Scrap Prices Higher In Q4 than Q3
November Scrap Price Increase
http://www.platts.com/latest-news/metals/pittsburgh/steel-mills-enter-us-scrap-market-at-prices-up-21769671 …
December Scrap Price Increase
http://agmetalminer.com/2013/12/18/rising-us-hms-shredded-scrap-prices-likely-to-continue-into-2014/ …
MEA Reports a Week From Friday for the 4th Quarter
and It Will Be a Surprise BEAT
Thought I Would Add this from Other Board
seeking alpha did a good job of factoring the warrants into the EPS estimate and $30 price target for PEIX.
warrant are in the money and are likely bringing in $58 million to the company now, Vastly Improving
their financial position of the Company and giving them the Ability to ~
1.) Pay Off and refinance Long Term Debt at a MUCH more beneficial Interest rate than the current 13%.
2.) It Will Also allow them to Buy the remaining 9% Ownership Interest for $750K as the Previous 6% was $500K.
3.) They Can Start Madera With Out Using Earnings.....
4.) Acquisition Of the Keyes CA. Plant , Owned by Aemetis AMTX ?
Aemetis is in Dire Straits and would Likely be a Motivated Sellers, they bought the plant for $35M
in 2012 ~ So $40 to $45M Would be a tidy Profit for Aemetis (Some financed in the Debt Refi)
A Good Deal for Pacific, Increasing gallons produced by 60 million gallons Annually and Making a Larger Supply to EXPORT to CHINA for Their SMOG Disaster .
They Can Do a Lot with the 58 million from those Warrants and Immediately Accretive to the Share Price
IF they Are Taking In Large Warrant Dollars.
http://i40.tinypic.com/2iu9mqh.jpg
the Issue Date On the 1,051,200 warrants is 06/21/2013
the Exercise Price is $7.80
the Expiration Date is March 2015
Cash Raised If Exercised $8,199,360.00
the Issue Date On the 788,000 warrants is 03/28/2013
the Exercise Price is $7.80
the Expiration Date is March 2015
Cash Raised If Exercised $6,146,400.00
the Issue Date On the 1,709,000 warrants is 01/11/2013
the Exercise Price is $7.41
the Expiration Date is Jan 2018
Cash Raised If Exercised $12,663,690.00
the Issue Date On the 1,812,000 warrants is 07/03/2012
the Exercise Price is $7.12
the Expiration Date is July 2017
Cash Raised If Exercised $12,901,440.00
It Has Double from their Warrants Exercise Prices.
There Was A Lot of Selling Pressure today on PIXI,and
the Last Few Days
the Kind Of VOLUME On a 15.5M FLOAT ROCK Dollars Higher.
Todays Volume:1,025,293 , and recent Large Volume they Can
Exercise and Sell a Lot Of Shares for a Double
enough Volume and Stability for them to Sell 250K shares
from warrants a day with the Natural selling ?
Warrant Holders Have Enough Shares to Play It and Keep It Hitting 52 Week Hi's
While they Are Selling Their Shares from Exercised Warrants
They Can Do BURSTS of Buying to Drive the Price Back Up to a NEW 52 Week Hi
and they HAVE to,to Keep It Going and Do More Selling.
PIXI Will Get $58.3 Million Dollars from the Warrants
I Don't Think We Need to Do Anything , Because as There Becomes More Shares
~ PIXI Will Announce Good Things They Have Done With the Money to Increase Shareholder Value.
You Think We Can STICK and STAY and MAKE em PAY ?
Heading Directly At a Golden Cross Like PEIX/Nov.2013
http://t.co/uvZVz8fSw8
Bought In Today
AMTX Heading Directly Towards a Golden Cross In Sympathy Of PEIX http://t.co/uvZVz8fSw8
Seeking Alpha Ethanol Economics Are High Octane And Firing On All Cylinders
http://t.co/eZl9TZ6LVS
Seeking Alpha Article today~Ethanol Economics Are High Octane And Firing On All Cylinders http://t.co/eZl9TZ6LVS
seeking alpha did a good job of factoring the warrants into the EPS estimate and $30 price target for PEIX.
warrant are in the money and are likely bringing in $58 million to the company now, Vastly Improving
their financial position of the Company and giving them the Ability to ~
1.) Pay Off and refinance Long Term Debt at a MUCH more beneficial Interest rate than the current 13%.
2.) It Will Also allow them to Buy the remaining 9% Ownership Interest for $750K as the Previous 6% was $500K.
3.) They Can Start Madera With Out Using Earnings.....
4.) Acquisition Of the Keyes CA. Plant , Owned by Aemetis AMTX ?
Aemetis is in Dire Straits and would Likely be a Motivated Sellers, they bought the plant for $35M in 2012 ~
So $40 to $45M Would be a tidy Profit .
(Some financed in the Debt Refi)
They Can Do a Lot with the 58 million from those Warrants and Immediately Accretive to the Share Price
Sounds Like a Pretty Reasonable Analysis Bob
Keep In Mind , It Is a Black Box ~ They Made a Hedge Previously
that Bankrupted Them and they are Not with out Risk. Management in the past Amazed me with a Q3 Loss when Other Producers had Good Profit.Just being Honest.
When they Went Bankrupt , They Did NOT Wipe the Common.
So They DO Care about their Reputation as a Company.
(Even Though they Went Bankrupt)
I Think they Learned A Lot from All Of This.
They Have a Preferred shareholders Dividend Due,Accrued preferred dividends are $3.6M total.This May be taken Off the Top from Earnings.
We must Realize as a public company preferred stockholders have a greater claim to a company's assets and earnings than common stockholders
So you have
#1 The Companies Best Intrest
#2 The preferred shareholders Best Intrest
#3 The Commons Best Interest
preferred will get paid before the common
as Owners of 10% of the Common, Insiders have an Interest
In share price appreciation. I Know they Really Wan't to Re Build
their Credibility with Wall Street.
They Have Taken Many Actions to Save them selves from the Drought
and DRASTICALLY Improve their Situation for the Future.
BIOF didn't Make It and their Plants were Sold by the
Crediters.
PEIX Management did a Superior Job to Survive.
Reducing Debt , Increasing Ownership On Favorable Terms , New Tech - Cellunator , Corn Oil Extraction , Diversifying feedstocks planning Sorghum and Sugar Deals at Favorable terms.....
(All this While Losing Money and Going Through a Drought)
I see Catalysts this Quarter of ~
Paying Off More Debt
Corn Oil Installation at Madera Announcement
Buying the Other 9% Ownership for $750K as Previous 6% Was $500K
Maybe selling the grainery Adjacent to Madera
I Like The Odds On this One
the 200 MA is at $26.27 right Now and falling
http://stockcharts.com/h-sc/ui?s=PEIX&p=W&b=5&g=0&id=p31606986826
I believe it Will have a Hard time with this Resistance Until they
Have another Great Quarter of Earnings.
I may be Wrong , but I plan On selling 1/3 around that
Resistance to Have Cash to Be able to Re Load on a Pull
Back.
If I'm Wrong I Will Still Have 2/3rds to Ride Hire
Just my 2 cents,I'm learning every day but am willing to
share what little I Know.
PEIX has approx. $100MM in usable NOLs, so investors get the benefit of a decent-sized tax shield.
http://t.co/V88f6Z09bm
PEIX Key Operating Metrics
https://t.co/ENbLerXqqk
PEIX EPS:Estimate Change Q1 30% Higher than Q4
+0.54 fourth Qtr 2013
New Estimate 30% Higher next Quarter
+0.78 Current Qtr Mar 14
+0.70 Next Qtr Jun 14
+2.20 for 2014
+3.01 for 2015
The new really low PEG of 0.21
http://t.co/FvsoekOYTy
The Analyst Is Predicting a LONG Trend Of Increasing Profitability
GRAIN TV - Ethanol Crush Margin Over $2.50 per bushel in the Midwest:https://t.co/fmdcd9ndOF
West Coast Ethanol $1 per gallon Higher than the Midwest
http://t.co/GuIVHv0j8b
I wouldn't be Concerned about Warrants growing share count 30%,
when earnings Growth is Projected to be 30% Higher Next Quarter.
Grain TV:Strong Ethanol Crush Margins,corn down at 200 day moving average resistance
http://t.co/ONv9uiRIK9
PEIX Warrants Fund Paying Off 1/2 Long Term Debt
http://i40.tinypic.com/2iu9mqh.jpg
the Issue Date On the 1,051,200 warrants is 06/21/2013
the Exercise Price is $7.80
the Expiration Date is March 2015
Cash Raised If Exercised $8,199,360.00
the Issue Date On the 788,000 warrants is 03/28/2013
the Exercise Price is $7.80
the Expiration Date is March 2015
Cash Raised If Exercised $6,146,400.00
the Issue Date On the 1,709,000 warrants is 01/11/2013
the Exercise Price is $7.41
the Expiration Date is Jan 2018
Cash Raised If Exercised $12,663,690.00
the Issue Date On the 1,812,000 warrants is 07/03/2012
the Exercise Price is $7.12
the Expiration Date is July 2017
Cash Raised If Exercised $12,901,440.00
It Has Double from their Warrants Exercise Prices.
There Was A Lot of Selling Pressure today on PIXI,and
the Last Few Days
the Kind Of VOLUME On a 15.5M FLOAT ROCK Dollars Higher.
Todays Volume:2,377,924 , More buyers than Sellers
So Maybe 1 million shares sold and 1.4 million Bought.
enough Volume and Stability for them to Sell 250K shares
from warrants with the Natural selling ?
Warrant Holders Have Enough Shares to Play It and Keep It Hitting 52 Week Hi's
While they Are Selling Their Shares from Exercised Warrants
They Can Do BURSTS of Buying to Drive the Price Back Up to a NEW 52 Week Hi to Keep It Going and Do More Selling.
PIXI Will Get $58.3 Million Dollars from the Warrants
They Can Pay More Than 1/2 Of Their Long Term Debt Of $115,362,000.00 , and Refinance the Rest at VERY Low Rates.
They Could be Debt Free This Year.
I Would Expect 100% Ownership,Debt Refinancing and Paying Off a Large Amounts of Debt before Next Quarterly Earnings.
IF they Are Taking In Large Warrant Dollars.
I Don't Think We Need to Do Anything , Because as There Becomes More Shares
~ PIXI Will Announce Good Things They Have Done With the Money to Increase Shareholder Value.
You Think We Can STICK and STAY and MAKE em PAY ?
JUST a HEADS UP , BECAUSE I Know A Lot Of You Are Knew
to PIXI.
Blackstone Owns the co. that bought the OR. Ethanol Plant
Global Partners LP, a Massachusetts is a Division Of Blackstone.
They Want to By Pass refiners Like CVX,Tesoro,VLO and XOM
and KEEP the Money.
They Bought Columbia Pacific Bio-Refinery at the begining Of 2013.
Keep In Mind, It Is a Refinery.
They Don't Know What they are Doing With It,They Just Know
It's Valuable.
Options
1.)May 16, 2013 - Columbia Pacific Bio-Refinery Uses Former Ethanol Plant to Move Bakken oil as a transloading and bulk liquids storage and shipping facility on the Columbia River.
2.) $1.8 Billion Methanol Project proposed by Global Partners
The methanol would be exported via Panamax-class ships to Dalian, China, a major city and seaport in the south of the Liaoning province in northeast China. In Dalian, the methanol would be used to manufacture olefin, a building block for plastics, polyesters, paraffins, paints and numerous other products.
3.) Ethanol Export,Not Likely ~ They are in the Oil Business
but If Profitable Enough they Can Do That too
clatskanie news.com/2014/01/22/january-23-2014
$95 Million Acquisition Closed in Q1 2013
Global Partners Signs Agreement to Acquire West Coast Crude Oil and Ethanol Facility
Global Partners LP recieved $70 million of funding for the purchase from GSO Capital Partners LP, the credit arm of The Blackstone Group.Blackstone Group owns controling interest of
Columbia Pacific Bio-Refinery and the GLP Transportation and
Shipping Network
Logistics;
1.)A West Coast crude oil and ethanol facility near the the Port of St. Helens. 200,000 barrels of storage capacity, a deepwater marine terminal with access to a 1,200-foot leased dock and the largest ethanol plant on the West Coast.
Clatskanie site is linked via the BNSF Railway to our Basin Transload facility in Beulah, ND, facility, where we are constructing a 140,000 barrel tank and truck offloading rack to support crude oil production
Global Partners LP is a midstream logistics and marketing company. Global is a leader in the logistics of transporting Bakken and Canadian crude oil and other energy products via rail, establishing a ‘virtual pipeline’ from the mid-continent region of the U.S. and Canada to refiners and other customers on the East and West coasts.
About Global Partners LP
Global Partners LP is a midstream logistics and marketing company. Global is a leader in the logistics of transporting Bakken and Canadian crude oil and other energy products via rail, establishing a ‘virtual pipeline’ from the mid-continent region of the U.S. and Canada to refiners and other customers on the East and West coasts. Global owns, controls or has access to one of the largest terminal networks of petroleum products and renewable fuels in the Northeast, and is one of the largest wholesale distributors of gasoline, distillates, residual oil and renewable fuels to wholesalers, retailers and commercial customers in New England and New York. With a portfolio of approximately 1,000 locations in nine states, the Partnership is also one of the largest independent owners, suppliers and operators of gasoline stations and convenience stores in the Northeast. In addition, the Partnership is a distributor of natural gas. Global is No. 182 in the Fortune 500 list of America’s largest corporations.
--
So,That Said
~ There are ONLY 2 Other Locations Like This On the West Coast,
Pacific Ethanol's Boardman OR. Plant On the Port of Morrow
Pacific Ethanol's Stockton Plant At the Port of Stocton
Investors Business Daily Estimate Beaters 03/03/2014 (Market Close)
http://t.co/4NKHvaN9UL
Estimate Beaters
Companies that beat earnings estimates by a wide margin are worthy of further research since its earnings growth that drives a stocks price performance. Stocks that beat earnings estimates by the widest margin in the latest reported quarter, sorted by Estimate % change, secondary sort by latest quarter EPS % change; price >= $15, average daily volume >= 400,000 shares, within 30% of a 52-week high.
View by:
Symbol Company Name EPS Surprise % Chg (Last Qtr) EPS % Chg (Last Qtr) EPS % Chg (Prior Qtr) Sales % Chg (Last Qtr) EPS Est % Chg (Current Qtr) EPS Est % Chg (Current Yr) Tools
PEIX Pacific Ethanol Inc 5500 N/A N/A 9 277 N/A
FRX Forest Labs Inc 575 N/A 140 23 72 183
VMC Vulcan Materials Co 500 167 129 12 38 413
FINL Finish Line Inc Cl A 500 N/A 10 23 12 12
ETE Energy Transfer Eqty Lp 313.3 N/A 126 11 29 105
EDU New Orientl Edu&Tech Ads 250 N/A 29 26 5 27
NPSP N P S Pharmaceuticals 250 N/A N/A 100 78 N/A
WUBA 58.com Inc Cl A Ads 180 N/A N/A 83 160 120
ZU Zulily Inc Cl A 150 233 N/A 100 200 140
TASR T A S E R International 116.7 86 43 25 0 -3
Screen results as of 7:51 PM Eastern, Monday, March 03, 2014 03/03/2014 (Market Close)
Investors Business Daily Estimate Beaters
Estimate Beaters
Companies that beat earnings estimates by a wide margin are worthy of further research since its earnings growth that drives a stocks price performance. Stocks that beat earnings estimates by the widest margin in the latest reported quarter, sorted by Estimate % change, secondary sort by latest quarter EPS % change; price >= $15, average daily volume >= 400,000 shares, within 30% of a 52-week high.
View by:
Symbol Company Name EPS Surprise % Chg (Last Qtr) EPS % Chg (Last Qtr) EPS % Chg (Prior Qtr) Sales % Chg (Last Qtr) EPS Est % Chg (Current Qtr) EPS Est % Chg (Current Yr) Tools
PEIX Pacific Ethanol Inc 5500 N/A N/A 9 277 N/A
FRX Forest Labs Inc 575 N/A 140 23 72 183
VMC Vulcan Materials Co 500 167 129 12 38 413
FINL Finish Line Inc Cl A 500 N/A 10 23 12 12
ETE Energy Transfer Eqty Lp 313.3 N/A 126 11 29 105
EDU New Orientl Edu&Tech Ads 250 N/A 29 26 5 27
NPSP N P S Pharmaceuticals 250 N/A N/A 100 78 N/A
WUBA 58.com Inc Cl A Ads 180 N/A N/A 83 160 120
ZU Zulily Inc Cl A 150 233 N/A 100 200 140
TASR T A S E R International 116.7 86 43 25 0 -3
Screen results as of 7:51 PM Eastern, Monday, March 03, 2014 03/03/2014 (Market Close)
http://t.co/4NKHvaN9UL
Bob It's a Money Thing,Hi/Bid Now Export RBOB or Ethanol
Big Oil are Weazles
Just Wondering if Interested Parties might
be infiltrating With Investment,Kinda Silly
to have a Guy that Bashes to the Extent that
Dude Does.
Iv'e Seen a lot of Bashers,this guy is Diligent.
I may be a Conspiracy thinker a lil bit.
Ray Was a Basher of a Balken Oil Company Called
RAM Energy,setting It Up to Be Bought by Halcon Resoures
for a Low Price.
Ask Him !
He Told Every One On the Message Board that When He first Came
to PEIX.
I Didn't Believe him,at the Time You Could still Access
the Old Ram Energy Board. I Went On the Board and Found
TONS of Him Bashing.He did get the Price Lower.
Him and Trading Manipulation by Short Intrest.
Balken Oil Needs to Get Out of the Country,and the Only
Way is Refining and Adding 10% Ethanol to Make RBOB.
Keith Schafer Eluded to This.
So the Question Is,Can PEIX Keep Big Oil or a Larger Ethanol
Company from Doing a Hostile to Export.
As Is , They Don't Have Enough Money to STOP It.
Just My Opinion,But It's Based On FACTS.
.
Rail Access,Deep Water Ports,Storage Tanks,Already a
Refinery ~ Meets Permiting Requirements
Fits the Bill Of WHY the Columbia Bio Refinery Was Bought
Last Year,Now With Doubling Capacity Limit Laws they Need
New Port Facilities.They Need to Export Balken Shale Oil
and Have NO WAY to Do It Now.
http://t.co/3cpuTRPqcK
Deep Water Port Facilities at the Port of Morrow and the Port of Stockton,CA.
http://t.co/2CtIVLqJc1
http://t.co/rnJzXpJMIB
Rail Access,Deep Water Ports,Storage Tanks,Already a
Refinery ~ Meets Permiting Requirements
Fits the Bill Of WHY the Columbia Bio Refinery Was Bought
Last Year,Now With Doubling Capacity Limit Laws they Need
New Port Facilities.They Need to Export Balken Shale Oil
and Have NO WAY to Do It Now.
http://t.co/3cpuTRPqcK
Deep Water Port Facilities at the Port of Morrow and the Port of Stockton,CA.
http://t.co/2CtIVLqJc1
http://t.co/rnJzXpJMIB
2 Port Facilities Just Became a SERIOUS Buy Out Target http://t.co/3cpuTRPqcK
2 Port Facilities Just Became a SERIOUS Buy Out Target http://t.co/3cpuTRPqcK
2 WC/DEEP Water Ports that PEIX Owns are In Demand.
Columbia Pacific Bio-Refinery crude oil terminal Over Loaded by Double, Global Partners LP has committed the “highest level violation” of state environmental rules
Looks Like they Will Need Another Shipping Facility , and There Is ONLY 2. PEIX Owns BOTH of them
(PEIX Stockton and Boardman Facilities are Both On Deep Water Ports ~ Stockton and Morrow)
Oil train terminal near Clatskanie violated state law by growing without required permit, DEQ says
By Rob Davis | rdavis@oregonian March 03, 2014 at 6:26 PM
When the bankrupted Columbia Pacific Bio-Refinery took on a new life in 2012, the public had little way to know what was happening behind the scenes.
Instead of the failed venture -- turning corn into ethanol fuel -- owners of the industrial plant on the Oregon side of the Columbia River near Clatskanie got permission to do something different.
In June 2012, Oregon’s Department of Environmental Quality quickly signed off on an air pollution permit change that allowed the plant to move crude from trains onto barges bound for West Coast oil refineries, saying the shift had an incidental effect on air emissions.
The impact on nearby communities was far from incidental. Without any debate, the state agency cleared the way for trains to begin hauling volatile North Dakota crude oil, increasing risks in rural towns such as Scappoose, St. Helens and Rainier. It’s the same type of oil involved in three high-profile explosions last year, including an accident that killed 47 people in Quebec.
Residents of small towns along the Columbia River didn’t figure out crude oil moved in the mile-long trains that showed up in late 2012 until weeks after they arrived.
“We didn’t know. No one knew,” said Steven Massey, a Rainier city councilman. “We knew they had over 100 cars. People were alarmed at the blockage at intersections, but we didn’t have any idea they were hauling volatile crude.”
oil train route
View full size
Now, as public scrutiny of oil trains increases, DEQ regulators say the Columbia Pacific Bio-Refinery needs a new permit to unload crude and has committed the “highest level violation” of state environmental rules by moving 297 million gallons of oil between December 2012 and November 2013. Its permit allowed it to move 50 million gallons.
“When somebody’s engaged in a business activity that’s distinct and separate, that needs its own permit,” said David Monro, a DEQ air quality manager. “You can’t have a crude oil terminal operating under an ethanol plant permit.”
The terminal’s new proposed air pollution permit would allow it to move 1.8 billion gallons of oil annually, enough to bring in 50 trains per month.
That’s twice the number of trains it’s allowed to handle today. It can accept 24 trains a month and increase to 38 monthly if improvements are made to tracks running through downtown Rainier.
The terminal, owned and operated by Global Partners LP, a Massachusetts company, faces a maximum $25,000 fine for each day it operated out of compliance.
The company disputes the violation and says it has the approvals it needs for the facility, even though it’s now seeking a new permit.
“We have the permits in place to conduct the operations we are at the facility,” said Ed Faneuil, Global Partners’ general counsel. “We respectfully disagree with the position asserted by DEQ but look forward to that dialogue with them during the process.”
An environmental group opposed to oil trains said the state should’ve allowed public participation much sooner.
“These decisions about projects with major threats to our safety and salmon shouldn’t be made in private,” said Brett VandenHuevel, Columbia Riverkeeper’s executive director. “We need a robust public discussion. Doing so a year-and-a-half later is unacceptable.”
As Global Partners looks to increase volumes moved through the terminal, it hopes to restart the ethanol plant. Eric Slifka, Global Partners’ CEO, said the facility has a future as both an ethanol plant and oil terminal.
Global wants to invest between $50 million and $70 million at the facility to expand storage, improve infrastructure and hire additional employees to operate the ethanol plant. To make ethanol, the plant would need to accept about 11 trains carrying only corn each month. Those would count against the company’s forecast monthly maximum of 50 trains, a company spokeswoman said.
Any increase beyond 38 trains a month would require approval by the Port of St. Helens, which owns the land where the terminal sits.
Members of the public who want to comment on the oil terminal’s new air permit can attend an April 3 public hearing at Clatskanie High School starting at 6 p.m. They can submit comments online by emailing NWRAQPermits@deq
Hey Bob,the Only 2 WC/DEEP Water Ports that PEIX Owns are
Coming In Demand.
Columbia Pacific Bio-Refinery crude oil terminal Over Loaded by Double, Global Partners LP has committed the “highest level violation” of state environmental rules
Looks Like they Will Need Another Shipping Facility , and There Is ONLY 2. PEIX Owns BOTH of them
(PEIX Stockton and Boardman Facilities are Both On Deep Water Ports ~ Stockton and Morrow)
Oil train terminal near Clatskanie violated state law by growing without required permit, DEQ says
By Rob Davis | rdavis@oregonian March 03, 2014 at 6:26 PM
When the bankrupted Columbia Pacific Bio-Refinery took on a new life in 2012, the public had little way to know what was happening behind the scenes.
Instead of the failed venture -- turning corn into ethanol fuel -- owners of the industrial plant on the Oregon side of the Columbia River near Clatskanie got permission to do something different.
In June 2012, Oregon’s Department of Environmental Quality quickly signed off on an air pollution permit change that allowed the plant to move crude from trains onto barges bound for West Coast oil refineries, saying the shift had an incidental effect on air emissions.
The impact on nearby communities was far from incidental. Without any debate, the state agency cleared the way for trains to begin hauling volatile North Dakota crude oil, increasing risks in rural towns such as Scappoose, St. Helens and Rainier. It’s the same type of oil involved in three high-profile explosions last year, including an accident that killed 47 people in Quebec.
Residents of small towns along the Columbia River didn’t figure out crude oil moved in the mile-long trains that showed up in late 2012 until weeks after they arrived.
“We didn’t know. No one knew,” said Steven Massey, a Rainier city councilman. “We knew they had over 100 cars. People were alarmed at the blockage at intersections, but we didn’t have any idea they were hauling volatile crude.”
oil train route
View full size
Now, as public scrutiny of oil trains increases, DEQ regulators say the Columbia Pacific Bio-Refinery needs a new permit to unload crude and has committed the “highest level violation” of state environmental rules by moving 297 million gallons of oil between December 2012 and November 2013. Its permit allowed it to move 50 million gallons.
“When somebody’s engaged in a business activity that’s distinct and separate, that needs its own permit,” said David Monro, a DEQ air quality manager. “You can’t have a crude oil terminal operating under an ethanol plant permit.”
The terminal’s new proposed air pollution permit would allow it to move 1.8 billion gallons of oil annually, enough to bring in 50 trains per month.
That’s twice the number of trains it’s allowed to handle today. It can accept 24 trains a month and increase to 38 monthly if improvements are made to tracks running through downtown Rainier.
The terminal, owned and operated by Global Partners LP, a Massachusetts company, faces a maximum $25,000 fine for each day it operated out of compliance.
The company disputes the violation and says it has the approvals it needs for the facility, even though it’s now seeking a new permit.
“We have the permits in place to conduct the operations we are at the facility,” said Ed Faneuil, Global Partners’ general counsel. “We respectfully disagree with the position asserted by DEQ but look forward to that dialogue with them during the process.”
An environmental group opposed to oil trains said the state should’ve allowed public participation much sooner.
“These decisions about projects with major threats to our safety and salmon shouldn’t be made in private,” said Brett VandenHuevel, Columbia Riverkeeper’s executive director. “We need a robust public discussion. Doing so a year-and-a-half later is unacceptable.”
As Global Partners looks to increase volumes moved through the terminal, it hopes to restart the ethanol plant. Eric Slifka, Global Partners’ CEO, said the facility has a future as both an ethanol plant and oil terminal.
Global wants to invest between $50 million and $70 million at the facility to expand storage, improve infrastructure and hire additional employees to operate the ethanol plant. To make ethanol, the plant would need to accept about 11 trains carrying only corn each month. Those would count against the company’s forecast monthly maximum of 50 trains, a company spokeswoman said.
Any increase beyond 38 trains a month would require approval by the Port of St. Helens, which owns the land where the terminal sits.
Members of the public who want to comment on the oil terminal’s new air permit can attend an April 3 public hearing at Clatskanie High School starting at 6 p.m. They can submit comments online by emailing NWRAQPermits@deq
AMTX is a CHEAP PEIX Play 33c a shr.
For the Intrested
http://t.co/xsWLnKjZE1
The company owns and operates and an ethanol plant in Keyes, California and a biodiesel plant in Kakinada, India; Aemetis, Inc. sells biodiesel and glycerin to resellers, distributors, and refiners through its sales force and independent sales agents, as well as to brokers who resell the product to end-users. It also provides ethanol, wet distiller grains, corn oil, and condensed distillers soluble to California fuel and feed markets. The company was formerly known as AE Biofuels, Inc. and changed its name to Aemetis, Inc. in November 2011. Aemetis, Inc. was founded in 2005 and is headquartered in Cupertino, California.
Aemetis operates a 55 million gallon per year renewable ethanol production facility in Keyes, California. As a byproduct of ethanol production at the Keyes plant, more than 400,000 tons per year of distillers grains are produced and shipped throughout the Central Valley as feed for livestock.
The Keyes plant is a leader in environmentally responsible ethanol production with a 2.6:1 positive energy balance and near zero water discharge. In addition, the plant’s natural gas and steam powered turbine cogeneration unit generates all of the operating electric needs of the plant, eliminating dependence on the state’s electrical grid.
Approximately 50 full-time employees operate the Keyes plant.
WEST COAST ETHANOL PRICES & CRUSH SPREAD WIDENING
http://www.progressivefuelslimited.com/Web_Data/pfldaily.pdf …
WEST COAST ETHANOL PRICES & CRUSH SPREAD WIDENING
http://www.progressivefuelslimited.com/Web_Data/pfldaily.pdf …
West Coast Ethanol Rack Price UP 40 cents per gallon Over Night http://t.co/Su2tvIT5E5
West Coast Ethanol Rack Price UP 40 cents per gallon Over Night http://t.co/Su2tvIT5E5
Pacific Ethanol's Anthem
Pacific Ethanol's Anthem
Bob,I think Funds are going to Buy this Week
Just Saying Analyst Upgrade and Much Higher
EPS Target Says Under Valued.
They have had some time to Look at It Since
Earnings.
If there Is a Pull Back,Not Very Long
in my Opinion.
Wouldn't Be Surprised to See a 13G filing this Week
Corn Oil Installation & Sale~Granary Announcement Imminent
" Besides exploring a sale of the adjacent granary, Koehler says they would install corn oil-making technology at the ethanol plant prior to reopening — something they have done at several of their plants."
http://www.thebusinessjournal.com/news/energy-and-environment/8051-pacific-ethanol-seeks-way-to-reopen-madera-plant …
Corn Oil at Madera Prior to Open&Sell granary
Paul Koehler says they would install corn oil-making technology at the Madera ethanol plant prior to reopening.
Announcement Soon ?
Source:Pacific Ethanol seeks way to reopen Madera plant
Published on 09/05/2013
Written by John Lindt
" Besides exploring a sale of the adjacent granary, Koehler says they would install corn oil-making technology at the ethanol plant prior to reopening — something they have done at several of their plants."
Todays CA. Ethanol Margin Calc. for PEIX
Calc. Bottom , Source Top
I Used this Margin Calc. Work Sheet and Plugged In CA. Values
http://t.co/aKS3ARJpYz
Pacific Northwest Spot Ethanol:$2.96
Nor Cal Spot Ethanol $2.96
http://t.co/GuIVHv0j8b
DDGS value CA. ton ~ $310 - (does not apply)
WDGS Value CA. ton ~ $115
http://www.ams.usda.gov/mnreports/nw_gr115.txt …
WDGS 40% of DDGS price
because it is Wet more Weight is Produced
USDA CA.DDGS Price Drought is Causing 30% Higher Price
PACIFIC ETHANOL, INC. 8-K 2/26/2014
http://t.co/caLr8FHwtj
Corn cost – CBOT equivalent ~ $ 4.35
Average basis ~ $ 1.35
Delivered corn cost ~ $ 5.70
- Nor Cal Spot Ethanol $2.96 per gallon
2.8 gallons of ethanol per bushel of corn
$2.96 x 2.8 gallons = $8.28 .
Ethanol Plant Margins West Spot
2/26/2014
Pacific Ethanol ~ 8Q statement
Corn cost – CBOT equivalent ~ $ 4.35
Average basis ~ $ 1.35
Delivered corn cost ~ $ 5.70
usda ddgs ca. weekly market overview
DDGS value CA. ton ~ $310 - (does not apply)
WDGS Value CA. ton ~ $115
1/3 Higher Price than the Midwest
(Drought)
- Nor Cal Spot Ethanol $2.96 per gallon today
Ethanol Sold per gallon ~ $2.96
Assumptions:
Ethanol / bu. of Corn ~ 2.8 gals
Wet Distiller Grains / bu. of Corn ~ 20.7 lbs
Ethanol Plant Gross Revenue:
(dollars per bushel of corn)
Value of Ethanol ~ $8.28
Value of WDG ~ $1.05
---------------------------------
Ethanol Plant Gross Revenue ~ $9.33
Variable Expense:
(dollars per bushel of corn)
corn ~ $5.70
-----------------
Total: $5.70
Fixed Expense:
(dollars per bushel of corn)
Fixed cost (finance plant P+I) ~ $0.25
Variable Cost ~ $1.28
-------------------------------------
Total ~ $1.53
$5.70 ~ Corn
+ $1.53 ~ Fixed Expense
--------------
$7.23
$9.33 Ethanol bu.
- $7.23 Corn and Fixed Expenses
------------------------------
$2.10 ~ Net margin in corn bushel
$0.75 ~ Net margin in ethanol gallon today
$PEIX Option Alert:Jan $20 Call; 1,794 Contract @$2.80
http://t.co/KpuCBjGs6B
$PEIX Option Alert:Jan $20 Call:1,794 Contracts @$2.80 http://t.co/KpuCBjGs6B
West Coast Spot Ethanol is $3 per gallon
http://t.co/GuIVHv0j8b
West Coast Spot Margins are MUCH Higher than the Midwest Futures Margins of 48 cents NET
http://t.co/aKS3ARJpYz
West Coast Spot Ethanol is $3
http://t.co/GuIVHv0j8b
PIXI had a Pull Back at $28 in 2011
http://t.co/09BOLu287Y
RSI Was PEGGED at 90 for 2 Days at the Top.
$28 Again ?
http://t.co/EIbi1xOoW1
I Think A Pull Back Before We See $30
RSI Is Currently 86.5
http://t.co/WOcesK8RNm
Just What I'm Thinking , May Not Come to fruition
Thank You