Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Well we closed above $2.00 which I did not know if that was going to happen.
This report came out on a Monday same day as the CC
Now before the plant was built they did it on Friday after the close for the fins
PLZ note that it is for the previous Quarter not 6 months ago.
http://www.b2i.us/profiles/investor/NewsPrint.asp?b=2029&ID=41576&m=rl&pop=1&Nav=0
Syntroleum Announces Third Quarter 2010 Financial Results
11/8/2010
PDF version Printer Friendly
Conference Call Scheduled for November 8, 2010
TULSA, OK--(Marketwire - November 8, 2010) - Syntroleum Corporation (NASDAQ: SYNM) today announced the financial results for the nine months ended September 30, 2010.
-- Cash Position of $20.8 million compared to a cash position of $25.0
million at December 31, 2009.
-- Net cash provided by operating activities was $943 thousand for the
nine months ended September 30, 2010 compared to net cash provided by
operating activities of $11.8 million for the same period in 2009.
-- Total revenue of $6.8 million for the nine months ended September 30,
2010 compared to $26.3 million for the same period last year.
-- Total operating loss of $732 thousand for the nine months ended
September 30, 2010 compared to operating income of $13.8 million for
the same period last year.
-- Total net loss of $4.5 million for the nine months ended September 30,
2010 compared to net income of $7.1 million for the same period last
year.
-- Net loss per share of $0.06 versus income of $0.10 per share for the
nine months ended September 30, 2010 and 2009, respectively.
In the last two years our operating activities have generated cash flows from the execution of key business transactions and engineering services, including a technology transfer in 2009, resulting in significant variances in revenues and cash flows.
The Dynamic Fuels' Geismar Plant is now operating and producing quality renewable diesel fuel. Syntroleum has invested $34.3 million in the joint venture with Tyson Foods, Inc. as of September 30, 2010 and funded an additional $5.0 million in October, 2010.
Dynamic Fuels LLC is a 50/50 venture of Syntroleum Corporation (NASDAQ:SYNM - News) and Tyson Foods (NYSE:TSN- News).
For additional information, see the Company's Form 10-Q for the September 30, 2010 period, filed with the SEC on Monday, November 8, 2010. The 10-Q will be available through the Investor Relations section of the Company's web site, www.syntroleum.com.
Conference Call
Syntroleum management plans to hold a conference call with the investment community on Monday, November 8, 2010, at 10:00 a.m. (11:00 a.m. Eastern). A webcast of the call will be available via the Internet by accessing www.syntroleum.com. Listeners should allow a few minutes for registration into the web site. To participate in the teleconference, investors should dial 1-877-485-3104 about 10 minutes before the start time and reference the Syntroleum conference call. International callers should dial 1-201-612-7415. A transcript of this conference call will be available on the web site under the Syntroleum Investor Relations tab.
About Syntroleum
Syntroleum Corporation owns the Syntroleum® Process for Fischer-Tropsch (FT) conversion of synthesis gas derived from biomass, coal, natural gas and other carbon-based feedstocks into liquid hydrocarbons, the Synfining® Process for upgrading FT liquid hydrocarbons into middle distillate products such as synthetic diesel and jet fuels, and the Bio-Synfining™ technology for converting animal fat and vegetable oil feedstocks into middle distillate products such as renewable diesel and jet fuel using inedible fats and greases as feedstock. The 50/50 venture -- known as Dynamic Fuels -- was formed to construct and operate multiple renewable synthetic fuels facilities, with production on the first site beginning in 2010. The Company plans to use its portfolio of technologies to develop and participate in synthetic and renewable fuel projects. For additional information, visit the Company's web site at www.syntroleum.com
This document includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as well as historical facts. These forward-looking statements may include statements relating to the Syntroleum® Process, the Synfining® Process, our renewable fuels Bio-Synfining™technology, plans to use the Company's various technologies, operational activities of the Company, commercialization of the Company's technologies, certification of Fischer-Tropsch and renewable fuels, performance and use of Syntroleum's cobalt catalyst, and performance and use of fuels derived from the Syntroleum® Process and technology test results. When used in this document, the words "anticipate," "believe," "estimate," "expect," "intend," "may," "plan," "project," "should" and similar expressions are intended to be among the statements that identify forward-looking statements. Although we believe that the expectations reflected in these forward-looking statements are reasonable, these kinds of statements involve risks and uncertainties. Actual results may not be consistent with these forward-looking statements. Syntroleum undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time. Important factors that could cause actual results to differ from these forward-looking statements include the potential that debt or equity financing for anticipated plants may not be available, the schedule for development, construction and operation of proposed plants may not be met, anticipated appropriation and expenditure of federal monies does not occur, commercial-scale plants do not achieve the same results as those demonstrated on a laboratory or pilot basis or that such plants experience technological and mechanical problems, the potential that improvements to Syntroleum's various technologies currently under development may not be successful, the impact on plant economics of operating conditions (including energy prices), construction risks, risks associated with investments and operations in foreign countries, our dependence on strategic relationships with manufacturing and engineering companies, volatility of energy prices, the ability to implement corporate strategies, including the continued availability of adequate working capital, competition, intellectual property risks, our ability to obtain financing and other risks described in the Company's filings with the Securities and Exchange Commission.
® "Syntroleum" is registered as a trademark and service mark in the U.S. Patent and Trademark Office.
SYNTROLEUM CORPORATION AND SUBSIDIARIES
UNAUDITED CONSOLIDATED BALANCE SHEETS
(in thousands, except par value)
September 30, December 31,
2010 2009
-------------- --------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ 20,827 $ 25,012
Restricted cash 1,054 449
Accounts receivable 464 3,315
Other current assets 185 378
-------------- --------------
Total current assets 22,530 29,154
PROPERTY AND EQUIPMENT - at cost, net 117 156
INVESTMENT IN DYNAMIC FUELS, LLC 35,055 27,900
OTHER ASSETS, net 1,157 1,651
-------------- --------------
$ 58,859 $ 58,861
============== ==============
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable $ 343 $ 361
Accrued employee costs 832 339
Deposits 1,054 449
Income tax payable - 281
Current liabilities of discontinued
operations - 417
-------------- --------------
Total current liabilities 2,229 1,847
NONCURRENT LIABILITIES OF DISCONTINUED
OPERATIONS 603 603
DEFERRED REVENUE 23,606 25,668
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY:
Preferred stock, $0.01 par value, 5,000
shares authorized, no shares issued - -
Common stock, $0.01 par value, 150,000
shares authorized, 78,713 and
76,014 shares issued and outstanding at
September 30, 2010 and
December 31, 2009, respectively 787 760
Additional paid-in capital 369,017 362,861
Accumulated deficit (337,383) (332,878)
-------------- --------------
Total stockholders' equity 32,421 30,743
-------------- --------------
$ 58,859 $ 58,861
============== ==============
SYNTROLEUM CORPORATION AND SUBSIDIARIES
UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share data)
For the Three months For the Nine Months
Ended September 30, Ended September 30,
---------------------- ----------------------
2010 2009 2010 2009
---------- ---------- ---------- ----------
REVENUES:
Technology revenue $ 150 $ 3,150 $ 3,450 $ 22,353
Technical services
revenue 651 687 2,064 1,487
Technical services
revenue from Dynamic
Fuels, LLC 461 574 1,276 2,233
Other revenues - - - 222
---------- ---------- ---------- ----------
Total revenues 1,262 4,411 6,790 26,295
---------- ---------- ---------- ----------
COSTS AND EXPENSES:
Engineering 828 629 1,952 2,835
Depreciation and
amortization 50 88 166 276
General, administrative
and other (including
non-cash equity
compensation of
$273 and $583 for the
three months ended
September 30, 2010 and
2009, respectively, and
$1,299 and $3,594 for the
nine months ended
September 30, 2010 and
2009, respectively.) 1,577 2,141 5,404 9,378
---------- ---------- ---------- ----------
OPERATING INCOME (LOSS) (1,193) 1,553 (732) 13,806
INVESTMENT AND INTEREST
INCOME 11 20 25 83
LOSS IN EQUITY OF DYNAMIC
FUELS, LLC (980) (844) (2,845) (4,013)
OTHER INCOME, net 4 50 66 58
FOREIGN CURRENCY EXCHANGE (1,701) (1,021) (1,155) (2,733)
---------- ---------- ---------- ----------
INCOME (LOSS) FROM
CONTINUING OPERATIONS (3,859) (242) (4,641) 7,201
---------- ---------- ---------- ----------
INCOME (LOSS) FROM
DISCONTINUED OPERATIONS (24) (28) 136 (98)
---------- ---------- ---------- ----------
NET INCOME (LOSS) $ (3,883) $ (270) $ (4,505) $ 7,103
========== ========== ========== ==========
BASIC NET INCOME (LOSS) PER
SHARE:
Income (loss) from
continuing operations $ (0.05) $ 0.00 $ (0.06) $ 0.10
Income (loss) from
discontinued
operations 0.00 0.00 0.00 0.00
---------- ---------- ---------- ----------
Net income (loss) $ (0.05) $ 0.00 $ (0.06) $ 0.10
========== ========== ========== ==========
DILUTED NET INCOME (LOSS)
FROM CONTINUING
OPERATIONS PER SHARE: $ (0.05) $ 0.00 $ (0.06) $ 0.10
========== ========== ========== ==========
WEIGHTED AVERAGE COMMON
SHARES OUTSTANDING:
Basic 78,222 72,540 77,205 70,015
========== ========== ========== ==========
Diluted 78,222 72,540 77,205 72,536
========== ========== ========== ==========
SYNTROLEUM CORPORATION AND SUBSIDIARIES
UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
For the Nine Months
Ended September 30,
----------------------
2010 2009
---------- ----------
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss) $ (4,505) $ 7,103
Income (loss) from discontinued operations 136 (98)
---------- ----------
Income (loss) from continuing operations (4,641) 7,201
Adjustments to reconcile net income (loss) to net
cash provided by (used in) operating activities:
Depreciation and amortization 166 276
Abandoned patent write-off 466 -
Foreign currency exchange 1,155 2,733
Non-cash compensation expense 1,299 3,594
Non-cash loss in equity method investee 2,845 4,013
(Gain)/loss on sale of assets - 81
Changes in assets and liabilities:
Accounts receivable 2,851 (6,068)
Other assets 106 (41)
Accounts payable (18) (189)
Accrued liabilities and other 212 814
Deferred revenue (3,217) (197)
---------- ----------
Net cash provided by continuing operations 1,224 12,217
Net cash used in discontinued operations (281) (424)
---------- ----------
Net cash provided by operating activities 943 11,793
---------- ----------
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment (14) (718)
Proceeds from disposal of property and equipment - 505
Investment in Dynamic Fuels, LLC (10,000) (6,000)
---------- ----------
Net cash used in investing activities (10,014) (6,213)
---------- ----------
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from sale of common stock, warrants
and option exercises 191 426
Proceeds from common stock purchase agreement 4,695 -
Repurchase of stock option awards - (945)
---------- ----------
Net cash provided by (used in) financing
activities 4,886 (519)
---------- ----------
NET CHANGE IN CASH AND CASH EQUIVALENTS (4,185) 5,061
CASH AND CASH EQUIVALENTS, beginning of period 25,012 10,101
---------- ----------
CASH AND CASH EQUIVALENTS, end of period $ 20,827 $ 15,162
========== ==========
Contact:
Contact:
Amanda Burns
Syntroleum Corporation
(918) 764-3480
www.syntroleum.com
Cautionary Information | Investor Relations
It should come out the same day or close to it for the CC.
ie. the CC. I have seen where some have said there is a 3 month lag in the fins which they say will be 6 months but that is incorrect the 3 month lag is at the end of Dec. to march not 6 months down the road from Dec. which would make it in June to early July. That is not their pattern of operation. They disclose around the CC their Fins.
What I find interesting is they are doing it at the beginning or close to it on the trading day at close to the beginning of the trading week {I think they are looking for some very nice action and want to watch what we do as traders smiling at their accomplishments} instead of after the close of trading on a Friday . So in saying that I am looking for a good Financial report.
But that is JMHO
Tyson and Syntroleum have a 50/50 contract.
Joint venture.
Tyson sells them the feed stock and Syntroleum makes the fuel.
Also if they have produced at full cap for the last 90 days they have produced .
18,493,150 gallons
I hope that helps.
Looks like the sell off has begun the day traders are getting out early.
I wish we could get honest and dependable information
the market cap is higher here.
http://finance.yahoo.com/q?s=SYNM
LOL you need a bigger Yacht which I think you will have the money for soon.
True I believe we are going to see a good fin .
Also I redid my profile on yahoo also plz go to the SYNM board on Ihub I mod that board and any input you can give would be appreciated. Also they were saying that there is a 3 month lag on the fins which they interpret as 6 months they will release them when they do the cc.
ps I like some of the info I have gotten on the yahoo board thanks for your DD.
Dcon
This is why you should all ways be honest.
http://www.bbc.co.uk/news/business-12676093
And I knew that being a ruffneck could be dangerous but it is easier to predict a blowout than your neighbors lets keep them in prayer.As my Dad was a driller.
http://www.bbc.co.uk/news/world-latin-america-12672375
LOL the future of fuel.
Grilled and ready.
http://www.tyson.com/
LOL
It is all good we are on the rise.
Hey wrinkles
Nice boat on yahoo. lol
Check this out I found it on Yahoo board.
I am reading it now .
LOL I like it .
but only for those who buy short positions in SYNM .
Not little people I want to make that clear so I don't get slammed for dissing little folks.
I think the short people are going to get caught this time .
JMHO
Also look at the market CAP $177 mill interesting
http://www.shortsqueeze.com/?symbol=synm&submit=Short+Quote%99
Just a little wood for the fire.
Recent advances in production and technology have moved the ball downfield in biofuels’ big game to take market share from fossil fuels.
Source: Dynamic Fuels
“We’ve done it already,” says Advanced Biofuels Association president Mike McAdams, referring to the November 2010 opening of a plant turning animal fats from Tyson Foods [TYS 0.007 --- UNCH (0) ] into renewable diesel. “That’s 75 million gallons of capacity. That’s commercial scale.”
While biofuels like corn ethanol have been around for decades, Tyson’s renewable diesel is a “drop-in” biofuel—a fungible bio-based fuel that is a chemical copy of its oil-based analog.
That means it can use the same engines and distribution systems as fossil-fuel diesel, while providing the same performance.{ excuse ME it is better than fossil fuels. Cetane lvls 2 times that of dino fuels. and a cloud freeze point of a minus 26 Degrees And it preforms Much better than that of dino fuels NO SULFER So plz get it right }Bold my insert Dcon
“Our fuel molecules are virtually identical” to fossil-fuel diesel, says Bob Ames, Tyson’s VP for renewable energy, adding that the renewable diesel doesn’t produce some of the carcinogenic compounds and particulate matter when combusted, like with fossil-fuel diesel.
“What we’re excited about is that it’s similar to the best parts of diesel,” he says.
The plant is operated by Dynamic Fuels LLC, a joint venture of Tyson Foods and fuel-maker Syntroleum [SYNM 2.26 0.32 (+16.49%) ].
This fall also saw Solazyme—one of several algae-based biofuels startups in the sector — raise $52 million from investors, including Unilever, and deliver its first 1,500 gallons on drop-in bio jet fuel to the US Navy.
While there’s growing optimism in the biofuels sector, some insiders are wont to temper it with patience.
“It’s one thing to fill test tubes in a lab. It’s another to fill tanker trucks, let alone pipelines,” says Dallas Kachan, managing director of cleantech research firm Kachan and Co.
Kachan says the opening of the $150 million Dynamic Fuels plant, near Baton Rouge, La., is welcome news, but the biofuels sector has been promising breakthroughs that compete with fossil fuels on price and scale for years now—consuming millions in capital in the process.
In his firm’s sector predictions for 2011, a bullish Kachan says that “investors still smarting from crop-based ethanol, biodiesel, cellulosic ethanol and algae oil disappointments may not see a drop-in biofuels revolution at hand.”
He points to the recent jump in shares of biofuel firm Amyris [AMRS 31.73 -0.03 (-0.09%) ] as “representative of a larger awakening to the transportation, storage, energy balance and fungibility benefits of drop-in biofuels.”
Algae Gets Hot
In 2009, algae-based fuels were hot, with everyone from newcomers like Solazme to oil-and- gas giants like ExxonMobil [XOM 85.08 -0.74 (-0.86%) ] ramping up R&D activities.
ExxonMobil, for instance, announced $600 million in algae investments in June that year.
“We looked at every alternative out there and found this to be the most promising biofuel,” says ExxonMobil spokesperson Cynthia Bergman, referring to algae-based biofuels’ compatibility with fossil fuels.
She adds that this past summer, ExxonMobil’s efforts “moved from lab to greenhouse” to test larger scale production.
Green Tech - A CNBC Special Report
Before 2009, cellulosic ethanol technologies—ethanol derived from various woody plant sources instead of pricey food-crop plants, like corn—also attracted a lot of investor interest.
But while firms like Range Fuels have opened production facilities, cellulosic ethanol has yet to reach the scale it had hoped.
These incremental moves forward often mean resetting the clock, says Kachan, adding that broader commercial scale production is still a ways off.
“Cellulosic ethanol in any meaningful quantity has been ‘two years away’ for five years now.” he says. “Similarly, drop-in fuels are also at least five years away in any significant quantity."
It's worth noting, however, that his forecast is shorter than the decade or more other industry insiders have mentioned in the past year.
Tyson’s chicken-fat diesel may have proven its technology, but the next step will be ramping up production to drive down costs.
While the scale of the Dynamic Fuels plant rivals that of existing commercial-scale ethanol plants, drop-in biofuels aiming to take on oil and gas will need to grow like chickens on steroids.
Even a 75 million-gallon capacity is a drop in the 40 billion-gallon diesel ocean consumed by the US transportation sector in 2008, according to the most recent Dept. of Energy data.
This kind of scale “can take an immense amount of time and money,” says Michael Kanellos, senior analyst with GTM Research, a cleantech research firm.
Next Steps
In the near term, he says, that may mean more biofuel startups being absorbed by Big Oil, which can leverage their distribution channels and production expertise.
“These guys will make a good living,” he says about the biofuels sector. “They’ll become the ‘biological brain’ for Chevron [CVX 103.75 -0.44 (-0.42%) ] .”
Kachan says that Solazyme is targeting $60-80 a barrel within about two years for its “biocrude,” rivaling current crude oil prices.
He adds Japan’s Nippon Oil, along with a Hitachi subsidiary, are “hoping to get costs below $3 a gallon for biocrude from Euglena, a pond-dwelling single-celled organism, with no timeframe given.”
Tyson’s Ames wouldn’t comment on production costs for their renewable diesel. “That’s not our strategy” to compete with oil-based diesel on day one, adding, “Our strategy is to build a market for the premium properties of our products” like its cleaner-burning aspects, he says.
Kachan says bringing premium, higher-margin specialty products to market first—before eventually going head-to-head on commoditized products, like diesel—is a “typical route” for new biofuels firms.
Tyson’s Ames agrees but adds he’s confident they’re leveling the playing field on price with fossil fuels across all products, as research and production increases.
“It’s an exciting future,” he says. “Hold on and watch.”
Here is the page I found on the call not before the open but still early .
Also can some one ask about the Authorized share count PLZ as I can't be there.tia Dcon
http://finance.yahoo.com/news/Syntroleum-Fiscal-Year-2010-pz-3814078493.html?x=0&.v=1
Sweet that means a real good report nice.
Cuz they all ways used to do it after the close on Friday going to be fun to watch.
Double WOOT
well another nice day in the neighborhood.
thanks Bud will do . did you look at SYNM ??
things are cooking
Yes I believe we are going to have a very good report .
Well the 15th is not a Monday it is a Tuesday so it is still not a Friday if you know what I mean . That being said I think we are going to have a good quarter because they all ways used to have their stuff done on Friday or later in the week after market close. JMHO
And I would still like to get an AS count which seems to be elusive.
LOL yea you old dog you beat me to the punch line .
Release #:2029-90139-rl-707932:
Syntroleum Fiscal Year 2010 Earnings and Dynamic Fuels Plant Update Conference Call Scheduled for March 15, 2011
TULSA, Okla., March 1, 2011 (GLOBE NEWSWIRE) -- Syntroleum Corporation (Nasdaq:SYNM) today announced that the Company will host a conference call for investors to discuss its fiscal year 2010 results and to update the status of the Dynamic Fuels Geismar Plant.
The conference call will be held on Tuesday, March 15, 2011, at 10:00 a.m. Central time (11:00 a.m. Eastern). A webcast of the call will be available via the Internet by accessing www.syntroleum.com. Listeners should allow a few minutes for registration into the web site. To participate in the teleconference, investors should dial 1-877-485-3104 about 10 minutes before the start time and reference the Syntroleum conference call. International callers should dial 1-201-689-8579. A replay of this conference call will be available on the web site under the Syntroleum Investor Relations tab.
For additional information see the Company's Form 10-K for the year ended December 31, 2010, to be filed with the SEC on Tuesday, March 15, 2011. The 10-K will be available through the Investor Relations section of the Company's Web site, www.syntroleum.com on March 15, 2011.
About Syntroleum
Syntroleum Corporation owns the Syntroleum® Process for Fischer-Tropsch (FT) conversion of synthesis gas derived from biomass, coal, natural gas and other carbon-based feedstocks into liquid hydrocarbons, the Synfining® Process for upgrading FT liquid hydrocarbons into middle distillate products such as synthetic diesel and jet fuels, and the Bio-Synfining™ technology for converting animal fat and vegetable oil feedstocks into middle distillate products such as renewable diesel and jet fuel using inedible fats and greases as feedstock. The 50/50 venture – known as Dynamic Fuels – was formed to construct and operate multiple renewable synthetic fuels facilities, with production on the first site beginning in 2010. The Company plans to use its portfolio of technologies to develop and participate in synthetic and renewable fuel projects. For additional information, visit the Company's web site at www.syntroleum.com
The Syntroleum Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5984
This document includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as well as historical facts. These forward-looking statements may include statements relating to the Syntroleum® Process, the Synfining® Process, our renewable fuels Bio-Synfining ™technology, plans to use the Company's various technologies, operational activities of the Company, commercialization of the Company's technologies, certification of Fischer-Tropsch and renewable fuels, performance and use of Syntroleum's cobalt catalyst, and performance and use of fuels derived from the Syntroleum® Process and technology test results. When used in this document, the words "anticipate," "believe," "estimate," "expect," "intend," "may," "plan," "project," "should" and similar expressions are intended to be among the statements that identify forward-looking statements. Although we believe that the expectations reflected in these forward-looking statements are reasonable, these kinds of statements involve risks and uncertainties. Actual results may not be consistent with these forward-looking statements. Syntroleum undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time. Important factors that could cause actual results to differ from these forward-looking statements include the potential that debt or equity financing for anticipated plants may not be available, the schedule for development, construction and operation of proposed plants may not be met, anticipated appropriation and expenditure of federal monies does not occur, commercial-scale plants do not achieve the same results as those demonstrated on a laboratory or pilot basis or that such plants experience technological and mechanical problems, the potential that improvements to Syntroleum's various technologies currently under development may not be successful, the impact on plant economics of operating conditions (including energy prices), construction risks, risks associated with investments and operations in foreign countries, our dependence on strategic relationships with manufacturing and engineering companies, volatility of energy prices, the ability to implement corporate strategies, including the continued availability of adequate working capital, competition, intellectual property risks, our ability to obtain financing and other risks described in the Company's filings with the Securities and Exchange Commission.
®"Syntroleum" is registered as a trademark and service mark in the U.S. Patent and Trademark Office.
CONTACT: Amanda Burns
Syntroleum Corporation
(918) 764-3480
www.syntroleum.com
My SYNM
Market Data
More Information
I called
TDAmeritrade this morning and they said earnings report due the 7th which is a Monday I find that interesting since they all ways do the report on a Friday after the close of the trading day if this is correct then I expect a very good report.
JMHO as all ways.
Dcon
LOL go SYNM
Thank you my friend that is very good news.
Good luck to you in the future and I am glad I hung in there.
Dcon
Look at all of the red arrows they want this down to what lvl I am not sure so they can get shares.
Ah
good choices .
Looks like another day of bleeding.
wonder when it will stop??
Well at least it is getting to its true EPS little by little day by day lol.
Also look at
ACAS
Warren Buffet has invested into this one.
First U.S. Commercial Scale Advanced Biofuels Plant Opens
Dynamic Fuels Producing World's Leading Fuels From Non-Food Fats, Greases
marketwire
Companies:
o Syntroleum Corp.
o Tyson Foods Inc.
Related Quotes
Symbol Price Change
SYNM 1.59 0.00
Chart for Syntroleum Corporation
Follow these stocks
{"s" : "synm,tsn","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00","o" : "","j" : ""}
Press Release Source: Syntroleum Corporation On Monday November 8, 2010, 8:00 am EST
GEISMAR, LA--(Marketwire - 11/08/10) - Operations are underway at the new Dynamic Fuels plant, which is successfully converting animal fats and greases into high quality renewable fuels, officials from Syntroleum Corporation (NASDAQ:SYNM - News) and Tyson Foods, Inc. (NYSE:TSN - News) announced today. Production began in early October and the volume being produced is 2,500 barrels per day and growing.
Dynamic Fuels LLC is a 50/50 joint venture of Syntroleum and Tyson. Unlike the ethanol and biodiesel industries, which use food ingredients such as corn and soybean oil to produce fuel, Dynamic Fuels uses non-food grade animal fats and greases.
"We're very pleased with the progress at the plant and the quality of the fuel it's producing," said Jeff Webster, group vice president of Tyson's Renewable Products Division. "This fuel offers the same benefits of synthetic fuels derived from coal or natural gas, including substantial performance and environmental advantages over petroleum-based fuels."
To date, the Geismar, Louisiana, plant has manufactured renewable diesel with a cloud point as low as minus 26°F and cetane as high as 88, more than twice that of the ASTM petroleum diesel specification. The facility's renewable diesel fuel product meets all ASTM D975 specifications for diesel fuel.
Gary Roth, chief executive officer of Syntroleum, said, "Our U.S. plant is producing some of the highest quality diesel fuel in the world, and best of all, it is renewable with a carbon footprint 75% below that of petroleum diesel. We can also make renewable, high value specialty distillate products that can be used in a wide variety of applications such as dry cleaning, ink cartridges and drilling fluids, and we are actively pursuing these markets."
The first shipments of fuel started leaving the Geismar, Louisiana, plant in October. "There's been tremendous interest in our fuels and so far our customers include a range of fuel distributors and end users, including the U.S. military," said Bob Ames, vice president of Renewable Energy for Tyson Foods.
Dynamic Fuels has been making jet fuel for testing by the Air Force Research Laboratory. This is the first renewable jet fuel to be tested by the Air Force that has been produced in a domestic commercial scale facility. "We look forward to working with the Air Force in its fuel certification program," said Ames.
Tyson and Syntroleum officials remain hopeful Congress will restore the $1 per gallon renewable diesel tax credit that expired in December 2009. Fuel from the Geismar plant qualifies for the credit, which would help the economic feasibility of the operation and help recover development costs.
"More consistent and timely action by Congress on this and other biofuels tax credits is needed to provide stability and encourage the growth of the advanced biofuels industry, which is poised to help reduce the nation's dependence on foreign oil," said Webster.
The new facility uses Syntroleum's Bio-Synfining™ Technology to produce the renewable fuels from non-food grade animal fats produced or procured by Tyson Foods, such as beef tallow, pork lard, chicken fat and greases. The plant is designed to produce up to 75 million gallons of renewable fuels per year. The operation currently has 44 permanent full-time positions on site and maintains 13 full-time start-up support personnel.
To see video of operations at Dynamic Fuels, click on the following link:
Also
Ya know they never advertise what they are up to.
So actually no news is good news .
With that in mind since we have heard no news on the air waves about a plant explosion we are good to go .
To me that means all is going well.
Like they have said all of their product is SOLD as fast as they can produce it.
Dcon
Na
I think we are going to have a very good report.
Like military intelligence we have a top secret
Ops mission going on here. LOL
Thanks Mike
Glad to see you are still looking in.
Hey Guys this is Great News Now this can get interesting.
This is from an E-Mail I sent
From: Mandy Burns [mailto:mburns@Syntroleum.com]
Sent: Monday, February 21, 2011 7:43 AM
To: David Conway
Subject: RE: SYNM
David
We have no shares in our Treasury account.
Thanks.
From: David Conway
Sent: Monday, February 21, 2011 5:47 AM
To: Mandy Burns
Subject: SYNM
Morning Mandy
I guess the question I wanted to ask about the share structure is instead of asking about the authorized shares .
How many shares does Syntroleum have in their Treasury account ??
That can be put in the float at any time at Syntroleum’s discretion.
Tia
David Conway
Some interesting info.
http://reports.finance.yahoo.com/w0?r=37520062:1
The numbers??
Sometimes it would be nice to have all of the spaces filled in lol.
http://finance.yahoo.com/q/ae?s=SYNM+Analyst+Estimates