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Congress Wont Pass Something the Court Shot Down
Not a Winner for them,Will Be Shot Down In Flames.
They Already No It Wont Pass Muster
Why the ethanol mandate is drought-resistant
"Severe economic damage is a very high bar," said Mark McMinimy, a senior policy analyst at Guggenheim Washington Research Group
http://news.yahoo.com/analysis-why-u-ethanol-mandate-drought-resistant-180653330.html
Ethanol Inventories & Co Product Prices Charts
Co Product WDG Pricing
http://www.bloomberg.com/quote/ETDIDDGE:IND/chart
DDG Prices Continue to Skyrocket faster than Corn
http://www.dtnprogressivefarmer.com/dtnag/common/link.do;jsessionid=5056D2395D5EA080C05E047B3F557220.agfreejvm1?symbolicName=/ag/blogs/template1&blogHandle=ethanol&blogEntryId=8a82c0bc3865298c0138c9391ee30417
West Coast Ethanol Inventory Chart & Shortage
Selling Thier Ethanol for 3.0 cents to 4.0 cents higher along the West Coast amid supply concerns caused by delays in rail shipments from the Midwest, a trade source said.
http://www.dtnprogressivefarmer.com/dtnag/common/link.do;jsessionid=0BC5A7EBE516F225E7471B23ABFBF6DA.agfreejvm1?symbolicName=/ag/blogs/template1&blogHandle=ethanol&blogEntryId=8a82c0bc3865298c0138ca511605041c
http://ycharts.com/indicators/west_coast_ending_stocks_of_fuel_ethanol
West Coast Ethanol Inventory Level Down -7.16% from last week
US. Ethanol Inventory Level = to Last Year @ this Time,When Block Buster Q3 was Produced
http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=W_EPOOXE_SAE_NUS_MBBL&f=W
EIA data shows Inventory dropping for 4 weeks. this week was the great percentage drop from 19.6mil to 19.0m.
This position is only .1m above last year inventory position.
8th row of table 1... can shed some light
http://ir.eia.gov/wpsr/overview.pdf
Credit Facility Set Up For Pacific Ethanol Corn Hedging
credit facility from up to $35M to up to $40M
credit facility includes the accounts of Pacific Ag. Products a wholly-owned subsidiary of Pacific Ethanol that handles Corn receiving and grain mill operations
http://finance.yahoo.com/news/pacific-ethanol-extends-increases-kinergys-124124757.html
Maybe Something the Same As GPRE Hedging Center Where GPRE CEO Makes
Corn Hedging Statement On CNBC.
http://video.cnbc.com/gallery/?video=3000105591&play=1
Pacific Ethanols Hedging Policy,From Thier Prospectus
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_P/threadview?m=tm&bn=26743&tid=247121&mid=247122&tof=1&rt=1&frt=1&off=1
Pacific Ethanol Isnt Reporting Q1 & 2 Like GPRE,They Are Just Reporting Q2
http://seekingalpha.com/article/754731-green-plains-renewable-energy-s-ceo-discusses-q2-2012-results-earnings-call-transcript?page=1
Take a Look @ GPREs Q2,Pretty Good for This Envirnment
Our gross profit for the second quarter was $18.1 mln
$9.3 million better than the first quarter of 2012.
Operating income before depreciation for the ethanol production segment was slightly positive in the ethanol segment for the second quarter.
http://video.cnbc.com/gallery/?video=3000105591&play=1
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_P/threadview?m=tm&bn=26743&tid=247121&mid=247125&tof=1&rt=1&frt=1&off=1
GPRE CEO Hedging Center Talking About Hedges
http://video.cnbc.com/gallery/?video=3000105591&play=1
building demand for ethanol through July
once again started to shrink the overall inventory level.
Demand for ethanol is expected to remain strong through the end of the summer even with the lower production levels.
http://www.dtnprogressivefarmer.com/dtnag/common/link.do;jsessionid=6F3A2A4AB76C72D5063EC52E47BBA9C6.agfreejvm1?symbolicName=/ag/blogs/template1&blogHandle=ethanol&blogEntryId=8a82c0bc3865298c0138c02b14d203b0
Good Job,Book That Gain
Nice
PEIX Loss for Q1 Already Digested
Just Sayen!
Market Digesting Thier HUGE Loss in Q1
Head Line #s
net loss of $7.6 million or $0.25 a share
loss attributable to Green Plains for the quarter was ($7.6) million, or ($0.25) per diluted share, compared to net income of $5.0 million, or $0.14 per diluted share, for the same period in 2011http://finance.yahoo.com/news/green-plains-reports-second-quarter-212825102.html
GPRE "gross profit in Q2 $18.1 million"
"Operating income before depreciation for the ethanol production segment was slightly positive in the ethanol segment for the second quarter"
"Our gross profit for the second quarter was $18.1 million"
"$9.3 million better than the first quarter of 2012"
http://seekingalpha.com/article/754731-green-plains-renewable-energy-s-ceo-discusses-q2-2012-results-earnings-call-transcript?source=yahoo
GPREs 6 Month Report Q2 Profitable
Our average cost per bushel per corn actually decreased by 8.7% in the second quarter of 2012 compared to 2011. Our gross profit for the second quarter was $18.1 million which was down $17 million when compared to the second quarter of 2011, but that was $9.3 million better than the first quarter of 2012.
http://seekingalpha.com/article/754731-green-plains-renewable-energy-s-ceo-discusses-q2-2012-results-earnings-call-transcript?source=yahoo
Doub
When It Fills the Gap,You Might Want
to Sell Your Cheap Shrs. & Lower
Your Cost Basis
.31 & .33 Shrs Sold @ .49 or .50
Would Put Your Cost Basis In the .90s
Reload If It Hits .20 Later Or
If It Takes Off.
Take Your Win On the .90s Shrs Later.
Just My Thoughts,Take the Win While Its
There.
Others May Give You Other Ideas
This Would Lower Your Risk & Cost Basis
The Blue Line On this Chart Is the 50 Day
Moving Average @ .51 will meet resistance
There.
It May Break Thrue,But Why Risk It
http://stockcharts.com/h-sc/ui?s=PEIX
Hedging,From Thier Prospectus In June
We and the Pacific Ethanol Plants may engage in hedging transactions and other risk mitigation strategies that could harm our results of operations.
In an attempt to partially offset the effects of volatility of ethanol prices and corn and natural gas costs, the Pacific Ethanol Plants may enter into contracts to fix the price of a portion of their ethanol production or purchase a portion of their corn or natural gas requirements on a forward basis. In addition, we may engage in other hedging transactions involving exchange-traded futures contracts for corn, natural gas and unleaded gasoline from time to time. The financial statement impact of these activities is dependent upon, among other things, the prices involved and our ability to sell sufficient products to use all of the corn and natural gas for which forward commitments have been made. Hedging arrangements also expose us to the risk of financial loss in situations where the other party to the hedging contract defaults on its contract or, in the case of exchange-traded contracts, where there is a change in the expected differential between the underlying price in the hedging agreement and the actual prices paid or received by us. As a result, our results of operations and financial position may be adversely affected by fluctuations in the price of corn, natural gas, ethanol and unleaded gasoline.
I emailed Mario Parker at Bloomberg
Not Telling You How To Do Your Job Mario,but this Isnt Even Funny
Producers are losing 35 cents on each gallon of the biofuel made, based on the September contracts for corn and ethanol, according to data compiled by Bloomberg.
http://www.bloomberg.com/news/2012-07-23/ethanol-declines-for-third-day-on-concern-inventories-stay-high.html
Sept. Corn,They Cant Even Take Delivery Till Sept. How Are They Making Ethanol With It Now?
not to Mention there Is No Telling if Ethanol Is Being Sold for Spot,Sept.,Dec.ect...
NOT Possable to buy Sept. Futures & Use the Corn to Produce Ethanol Today
Basing Todays Margin Guess On Todays Futures Cost Is STUPID!
Sept. Corn Not Being Bought Today for Use Today ?
Any Ethanol Being Made Today Is Being Made from
Previously Purchased Corn
Why Would Any Ethanol Producer Buy Here (Link)
http://barchart.com/chart.php?sym=ZCU12&style=technical&template=&p=DO&d=M&sd=07%2F19%2F2012&ed=07%2F23%2F2012&size=M&log=0&t=BAR&v=2&g=1&evnt=1&late=1&o1=&o2=&o3=&sh=100&indicators=&addindicator=&submitted=1&fpage=&txtDate=07%2F23%2F2012#jump
When They Had Plenty Of Time To Buy Here (Link)
http://barchart.com/chart.php?sym=ZCU12&style=technical&template=&p=DO&d=M&sd=05%2F01%2F2012&ed=06%2F11%2F2012&size=M&log=0&t=BAR&v=2&g=1&evnt=1&late=1&o1=&o2=&o3=&sh=100&indicators=&addindicator=&submitted=1&fpage=&txtDate=07%2F23%2F2012#jump
The Fact Is,If You Read GPRE,ADM,VLO,PEIX 10Ks They Hedge Thier Corn to Mittigate Risk & The Ones That Didnt Hedge Correctly
Have Already Shut Down Or Slowed Production.The Companies With Ethanol Plants Still Running Hedged Correctly Or Still Have Enough
Supply from Previosly Purchased Corn.
PEIX Subsidiary 2G Bio Fuel
Pacific Ethanol subsidiary extends marketing plan
Sacramento Business Journal by Melanie Turner
Date: Thursday, September 8, 2011, 2:31pm PDT
<a target="_blank" href="http://ad.doubleclick.net/click%3Bh%3Dv8/3cbb/3/0/%2a/c%3B259348002%3B1-0%3B0%3B83416306%3B4307-300/250%3B44619209/44636997/1%3Bu%3D%2Cbzj-31219775515_1343003224%2C1254af2ad40aa86%2Cbzj%2Cbzj.bzj_l-cm.smallbusiness_l-pr.gn%3B%7Eaopt%3D0/ff/bc/ff%3B%7Efdr%3D259533806%3B0-0%3B3%3B17654244%3B4307-300/250%3B49162021/49157429/1%3Bu%3D%2Cbzj-31219775515_1343003224%2C1254af2ad40aa86%2Cbzj%2Cbzj.bzj_l-cm.smallbusiness_l-pr.gn%3B%7Eaopt%3D2/1/bc/0%3B%7Esscs%3D%3fhttp://content.schwab.com/corporate/chooseschwab/Guidance-and-Research/monitoring-your-portfolio.html?bmac=put"><img src="http://s0.2mdn.net/2530996/Schwab_RI_Q411_Port_300x250.jpg" width="300" height="250" border="0" alt="Advertisement" galleryimg="no"></a>
Kinergy Marketing LLC, a marketing subsidiary of Pacific Ethanol Inc., has entered into a two-year extension of an exclusive marketing agreement with Advanced Fuels Keyes Inc.
http://www.bizjournals.com/sacramento/news/2011/09/08/pacific-ethanol-subsidiary-kinergy.html
(Convert to 2G Biofuels & Restart)
Aemetis buys Keyes, Calif. plant, plans 2G biofuels testing
The company will be using a $1.9 million matching grant from the California Energy Commission announced earlier this year to build a co-located pre-commercial cellulosic ethanol facility at Keyes to test the two technologies the company has acquired, as well as others
http://ethanolproducer.com/articles/8932/aemetis-buys-keyes-calif-plant-plans-2g-biofuels-testing
Next Generation Cellulosic based biorefinery
Boardman Cellulosic Biorefinery
http://www.zeachem.com/press/pressrelease010512.php
Pacific Ethanol, Inc. Signs Operations and Maintenance Agreement With Zeachem
http://www.globenewswire.com/newsroom/news.html?d=235517
Pacific Ethanol to provide operations, maintenance and accounting services for ZeaChem's 250,000 gallon per year cellulosic integrated biorefinery in Boardman, Oregon. ZeaChem is a developer of biorefineries for the conversion of renewable biomass into sustainable fuels and chemicals.
Thursday, January 5, 2012, 5:00am PST
ZeaChem cranks up refinery operations in Boardman
http://www.sustainablebusinessoregon.com/articles/2012/01/zeachem-cranks-up-refinery-operations.html
Insider trading in TSTC
April 24, when Daqing Han, an officer of the firm, acquired 73,902 shares for total consideration of $294,869.
[Updated July 22, 2012.]
http://www.bluetrader.com/company/TSTC
April 24 Daqing Han acquired 73,902 shares
http://www.bluetrader.com/company/TSTC
Yes,Increased Asset Value
Getting Something for the $$$
Earnings
http://finance.yahoo.com/q/ce?s=PEIX+Company+Events
JPMeyer & Biff will be On Yahoo Board After,Very Savy
Investors.
They Will Grade the Earn. Pretty Accurately
Sash Is Good Like that Too.
The Bashbot Bashathon Was Hilarious!
Ya,Earnings are Coming.
Im Going to Sell my Trading Shrs.
If It Pops.
Hold My Core
Dont Know,but They Shut Thier Pie Hole
He has Degrees from Yale,& Chicago Law School.
Thier VP & Legal Council has Degrees from Yale,& Chicago Law School.
Hes a Shark!
They Didnt Put the List On Articles
After That.
Not Because Of Me,
Christopher Wright
Vice President and Genral Counsel
Christopher Wright is a senior lawyer and manager with over twenty-three years of experience. Prior to serving as partner with the global law firm Orrick, Herrington & Sutcliffe, he served as Partner-in-Charge at the Pacific Northwest office of Cooley Godward, a leading Silicon Valley-based law firm. His career has involved advising boards of directors on compliance, securities matters, and strategic transactions, with a particular focus on guiding the development of fast growing companies. He has acted as general counsel for numerous technology enterprises in all aspects of corporate development, including fund-raising, business and technology acquisitions, mergers, and strategic alliances. He has degrees from Yale College and the University of Chicago Law School.
They Really Have a Dream Team Running This Company,Take a Listen to Bill Jones Founder & Chairman Of the Board.
Ethanol Producers buy Ethanol to satisfy customer commitments
“Some of the producers are out here buying to get stuff that they already sold,” Damask said.
Damask said some producers are in the market to buy the fuel in order to satisfy customer commitments and replace supply after tempering output.
Ethanol futures rose to the highest price in eight months in Chicago as a heat wave threatened further damage to U.S. corn crops, cutting margins for fuel producers.
Above-normal temperatures are forecast to stretch from the corn-rich Midwest to the East Coast this week, according to the Climate Prediction Center in Camp Springs, Maryland. Drought and higher corn prices have prompted ethanol producers to cut output to 821,000 barrels a day, the lowest level since July 2010.
“With corn going up every day, ethanol is becoming more expensive,” said Jim Damask, a manager at BiofuelsConnect, a Jupiter, Florida-based alternative energy broker. “That makes their costs going out the door that much higher.”
Denatured ethanol for August delivery rose 11.3 cents, or 4.4 percent, to $2.669 a gallon on the Chicago Board of Trade, the highest settlement price since Nov. 16. The futures have gained 21 percent this year.
Valero Energy Corp. (VLO), the third-biggest U.S. ethanol producer, shut output last month at its plants in Linden, Indiana, and Albion, Nebraska, citing “economic reasons.”
Nedak Ethanol LLC said June 15 that it temporarily suspended production at its Atkinson, Nebraska, mill because of poor margins.
Green Plains Renewable Energy Inc. (GPRE), the fourth-biggest U.S. ethanol producer, slowed output at two of its “smaller plants” by 30 percent in February, Jim Stark, a company spokesman, said in an e-mail.
Damask said some producers are in the market to buy the fuel in order to satisfy customer commitments and replace supply after tempering output.
“Some of the producers are out here buying to get stuff that they already sold,” Damask said.
Corn for December delivery surged 32.25 cents, or 4.4 percent, to close at $7.725 a bushel in Chicago. Earlier, the futures reached $7.78, the highest price for a most-active contract since Aug. 29. One bushel makes at least 2.75 gallons of ethanol.
http://www.bloomberg.com/news/2012-07-16/ethanol-rises-to-eight-month-high-as-heat-threatens-midwest-corn.html
2 West Coast Plants Restart Must Be Profitable
West Coast Ethanol Tumbles on Anticipated Plant Restart
George Orwel
Friday 07/20/12
http://www.dtnprogressivefarmer.com/dtnag/common/link.do;jsessionid=F9FE999029BAB52A4A42EE207231138A.agfreejvm1?symbolicName=/ag/blogs/template1&blogHandle=ethanol&blogEntryId=8a82c0bc3865298c0138a5bfa59d02a7
Email to Bloomberg & Responce
To: "dstets@bloomberg.net" <dstets@bloomberg.net>
Sent: Wednesday, July 18, 2012 7:13 PM
Subject: PEIX Plants Shut Down or Stopped,I Fact Checked this Article by Calling all 3 Plants
Ethanol Rises Fifth Day As Report Shows Output At Two Year Low
By Mario Parker - July 18,2012 1:07 PM PT
All 3 Plants Are Running @ Capacity,Fact Check for Your Self.
The Only 1 Plant Closed & Not Because of Todays Corn Prices as It Was Closed 2 Years Ago.
(Madera Closed for 2 Years Article Is Very Miss Leading)
Pacific Ethanol Office
Sacramento, CA 95814
(916) 403-2123
(916) 446-3937
Stockton Plant
(209) 235-0370
Magic Valley plant, Burley, ID
(208) 678-9684
Columbia plant, Boardman, OR
(541) 481-2716
I Called All 3 Plants & All Are At Full Production,Talked to 2 Plant Managers & Told them Of Your Article.
I Notified Pacific Ethanols CEO, Thier Investers Relations/Expect a Call
If Short Sellers Got to Mario,You Have a Problem!
Re:Mario Parkers Ethanol Article 7/18/2012
__________________________________________________________________
Hi Kelly,
Thanks for reading! Here's something from Pacific's most recent earnings call on May 10. This is CEO Neil Koehler speaking:
And while the current margin environment does not support the restart of Madera at this time, we are continuing to engage with our stakeholders to prepare for returning the plant to full production. We will do so, when market conditions support that additional capacity.
Again, thanks for reading.
Cheers,
Mario Parker
Niel Gave Us a Hint(Read Between the Lines)
Hedged!
Neil Koehler we have regained majority ownership over the Pacific Ethanol plants and have significantly improved our liquidity position. This important accomplishment enables us to direct strategic investments in enhancing the financial performance of our assets, while reducing our overhead costs."
http://www.streetinsider.com/Corporate+News/Pacific+Ethanol+(PEIX)+Closes+on+Acquisition+of+Additional+Interest+in+New+PE+Holdco/7592192.html
PEIXs Ability/Means to Hedge For Q3
Plants Capacity 160 mln Gal Per Year
Per Qaurter 40 mln Gal
40 mln Divided by 2.8 Gal per Bushel = 14.28 mln Bushels
5000 Bushels x 2800 Contracts = 14,000,000 Bushels
Cost to Hedge a 5,000 Bushel Contract $1,800.00
$1,800.00 x 2800 Contracts = $5.04 mln Dollars
$5.04 mln Dollars Buys Enough Corn Contracts for the Whole Qaurter
If They Had to Pay Maint. Cost On 1/2 for Holding It to Long
It Would be Another $2.5 mln Dollars
#7.54 Mln Dollars for A Whole Qaurters Corn to Hedge
Pacific Ag a Wholley Owned Subsidiary of Pacific Ethanol and handles Corn
the borrowing base of the credit facility includes the accounts of Pacific Ag.
http://finance.yahoo.com/news/pacific-ethanol-inc-extends-increases-123000053.html
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_P/threadview?m=tm&bn=26743&tid=245100&mid=245100&tof=3&frt=1
I emailes IR,Niel,Bloomberg Editer
Niel,All 3 Plant Managers,IR,&
Bloomberg Know
I Let Bloomberg Editer Know I Fact
Checked Mario By Calling the Plants
& that I Talked to the Plant Managers
All Said Full Production.
I Let Him Know,If Short Sellers Got
to The Writer Mario (Big Problems)
He Should Be Expecting a Call in the
AM from Pacific Ethanol
Expect a Retraction In Bold Letters
from Bloomberg.(Tomorrow)
Cant Ask that Because Then No Trading (Insider)
But They Are Producing Full Capacity @ $8 a Bushel
Corn One Can Only Assume They Hedged.
Considdering Others Are Closed @ that Price
for Corn.
I Also Called
I Talked to the Stockton Plant Manager
He Said "No Shut Downs Or Stopping
of Any Plants.
I emailed IR & PEIX
Maybe they can get a Retraction Tomorrow
Article
I Tried to email Mario the Writer or
the Article,to Fact Check.
email didnt Work.
So I emailed the Bloomberg Editer
to Fact Check & am Expecting a Responce.
In Regards to Your Bloomberg Article
Your Article Says PEIX has Shut Down
Or Stopped Production ?
No Yahoo or Internet News,Why is
Bloomberg Saying this.
5,000 Bushels to Buy $27,500
10% of that to Hedge,& Hedging Costs Go Toward Purchase of Corn
Corn Futures Contract Size 5,000 bushel/Cost per Contract
Spec(per contract)
Initial $1,980.00
Maintenace $1,800.00
Hedge(per Contract)
Initial $1,800.00
Maintnance $1,800.00
Compare that to Buying @ $5.50 a Bushel
Buying Would Cost $27,500 for 5,000 Bushels
Makes Sence to Lock In Cheap Prices by Hedging & Hedge Costs Go Towards the Purchase of the Corn.
Or Contracts Can Be Sold.
I Hope They Hedged!
Corn Future Margin Requirement If Hedged
https://www.theice.com/publicdocs/futures_us/exchange_notices/Margin_Requirements_Grain_Futures_Contracts.pdf
If They Hedged,The Only had to Come Up
with a Fraction of What It Would Cost
to Buy.
" producers buying to get stuff that they already sold"
Pretty Compelling,Shut Down Ethanol Producers Cant Even Fill thier Orders Sold in the Futures Market.
Ethanol Producers Buying Ethanol To Meet Commitments from Other Ethanol Producers.
Ethanol Rises To Eight-Month High
“Some of the producers are out here buying to get stuff that they already sold,” Damask said.
Damask said some producers are in the market to buy the fuel in order to satisfy customer commitments and replace supply after tempering output.http://www.bloomberg.com/news/2012-07-16/ethanol-rises-to-eight-month-high-as-heat-threatens-midwest-corn.html