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We have long-time, dedicated employees—folks like Danny Allison, Gordon Working and our three plant managers combine for more than 80 years of ethanol industry experience. This company simply has great talent and most of our innovation has come from within."
http://www.ethanolproducer.com/article.jsp?article_id=1194&q=&page=all
Abengoa Bioenergy's 'High Plains' Success
Abengoa Bioenergy has established its global headquarters in Chesterfield, MO., invested millions in trailblazing new pilot plants and set its sights on opportunities to build new plants in the United States and abroad.
Internal expansion has been a constant goal for the company.
The Colwich plant has been expanded from an initial 8 mmgy to its current 25 mmgy capacity. The York plant has expanded from 25 mmgy to 55 mmgy, and the Portales facility, originally 10 mmgy, is now being expanded to 24 mmgy.
"Our U.S. facilities are older than average and operating better than most," Newkirk said. "Keep in mind, however, that none of our plants are in their initial configuration. We have worked with various technology providers over the years … but most of the unique changes that we have incorporated into our facilities have come from in-house innovations. We have long-time, dedicated employees—folks like Danny Allison, Gordon Working and our three plant managers combine for more than 80 years of ethanol industry experience. This company simply has great talent and most of our innovation has come from within."
The Acquisition
Abengoa's acquisition of High Plains was finalized in early 2002, making the company part of a large international corporation under the wing of Abengoa Bioenergy, which holds the Spanish corporation's global bioenergy interests. Abengoa Bioenergy CEO and President Javier Salgado said that Abengoa's purchase of High Plains provided an entry into the American market and served as a springboard for the company's growth initiatives, both nationally and internationally.
On April 15, 2003, High Plains officially changed its name to Abengoa Bioenergy Corporation after operating under the former name for more than a year following the acquisition. The name change signaled the company's intent to leverage its international reputation in order to "enhance its competitive position" in the United States.
The name change was also reflected in the company's newly formed research and development subsidiary, Abengoa Bioenergy R&D Inc. The R&D arm of the corporation was initially formed to administer a cost-shared R&D project with the U.S. Department of Energy (DOE) carrying a price tag of over $36 million.
The company established the Abengoa Bioenergy business unit on a global scale and located its headquarters in the St. Louis, Mo., suburb of Chesterfield, where 32 employees now work. In all, the company has about 180 employees in the United States, including its R&D subsidiary and ethanol plant personnel.
"We chose St. Louis because the company was looking for a large city that was an international airline hub," said Chris Standlee, the company's executive vice president. "St. Louis is an ideal location for our headquarters because it is in the heart of Midwest ethanol country."
Abengoa invested considerable time and effort into implanting its corporate culture in the former High Plains operations.
"It's about applying principles of big business, strategic planning, growth initiatives and top-notch risk management," Newkirk said. "It's no longer about 'How do we survive tomorrow,' but 'How do we prosper long-term-and with high growth.' The ethanol industry of the past was too focused on short-term success. Abengoa looks far beyond that."
The company's ethanol plants also gained drastic information technology improvements.
"Our IT gains were incredible," Standlee said. "We instantly had access to a global communication network. Part of Abengoa's focus—one of its 'big four' areas—is, in fact, information technology."
The ethanol plants also gained a high level of quality assurance.
"We gained the recognition of being 'Abengoa,' a company with a worldwide presence," Standlee told EPM. "It's been a huge advantage. Abengoa is a major corporation with an internationally recognized name—owning more than 200 companies in 40 countries around the globe."
http://www.ethanolproducer.com/article.jsp?article_id=1194&q=&page=all
Hope these accountants are working 12-14 hour days to get this 10Q filed.
Easy jermart, this guy is a pro at DD. Let's hold off any sales til we get his report tonight.
Very light volume today. Which is a good sign during consolidation. Tomorrow and Friday should tell the tale.
So, we sit here with a $38M market cap. Seems slightly overvalued at this point. 25M is more appropriate until we hit the skies.
Absolutely, they are geared to create volume in a stock. If there is no volume at a certain level they take it up or down.
Yes, we want him dialing during business hours. We'll all get caught up this evening.
lol, they are actually automated systems with complex logarithms. Remember, there are 20,000 stocks and the volume on this is tiny. Not enough 'fat' in TRDY for them to spend any time on.
When a stock moves as much as TRDY has in a short period of time, it attracts shorters. They know nothing about the stock or the RM situation, they just see the 1,000% run up and expect it to drop.
This is only 100k in dollar volume. Need $500k+ in dollar volume to shake and bake the way we want to.
This isn't crazy volume. Need 3 straight days of 50M at this level.
True, lots of abandoned wells are now feasible again. Wildcatter's are going nutz.
Yup, lots of farmers in PA, TX, and ND became wealthy because of what's underneath their property. Imagine being a struggling farmer and then learning you'll get a high six figure check for mineral rights.
New technology is allowing much higher extraction from formations like the Bakken and Eagle Ford in S. Texas. It hasn't been talked about in the mainstream media, but we will see a huge boom in US oil production between now and 2020. Additionally, we have natural gas reserves to last the next 50 years.
Probably accumulating slowly, or got in around 9/7
No, I'm alerting him to the fact that in addition to the 10Q on Friday, to be on the look out for an 8k with new CEO's bio.
Not enough buying pressure for .014 today. Need a 60M day, may get it on Friday.
We are about to find out.
Some are happy with 20% gains and move on. Other speculators want a 5-10 bagger.
How about the 8k? Shall we let you 'snooze' through that as well?
This is old oil money buying bud, ihub doesn't have a horse in the race. Larson moves with millionaire's, they know each other and talk at the country club.
Cancel badminton???
New play for the board
TRDY-- Expecting a 10Q detailing new business entity.
You think we have enough buying pressure to get to .014? Would need about 55m volume I'd say.
Maybe one more consolidation day and then things should pick up as we head towards Friday.
Incorrect, it will be out Friday. (eom)
For speculators, shell plays are worth the effort.
I have a feeling there will be a ton of phone calls made in the next two days.
Danny Allison
Plant Manager
High Plains Corporation
(Renewables & Environment industry)
1994 — 2002 (8 years )
He missed this one, I told him not to worry because stocks run all the time. don't worry about nitwit
wishful thinking
Price was 10x higher so dollar volume was equal!!
Colwich, Kansas was the site of Larson's most profitable plant. Does he covet it again?
"All of our profitability came from our Colwich, Kansas facility."
http://www.thefreelibrary.com/HIGH+PLAINS+CORP.+REPORTS+RECORD+SECOND+QUARTER+EARNINGS%3B+SELLS...-a016202843
You got it, buc. They just kinda drift downward and people forget about them.
Per the 11/12 10q, our OS is now 942,270,522
you are right, we need to focus on what this company will be.
I'm not trying to pick on you, bud. i've been through some big rm plays, plays you've probably heard about on ihub. This one is going to a good one.