Thursday, November 27, 2014 2:18:43 PM
As long as ethanol inventories continue to decrease, ethanol prices will stay high and the stock price will continue to work its way to fair value. The cheaper the gas, the more the public drives. Since ethanol is mandated, prices will be supported. And with increasing exports, all of these factors, including decreasing oil prices, ultimately help ethanol producers.
I actually think OPEC not cutting production could make PEIX and others an even better buyout target. A lot of oil companies will probably decide not to move forward with large capital expenditures in shale, etc. However, there is still money to be spent. And since it doesn't look like the EPA is going to budge on ethanol quotas, these companies might put their money to work here instead.
Tomorrow the stock price could be hit, but it will primarily be due to churning on an otherwise slow, low volume market half day. If we are hit, it should be short-lived, as margins are now as good or better than when we were in the $20s. At least in my humble opinion.
Recent ALTO News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/08/2024 08:15:43 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/06/2024 08:13:30 PM
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- Alto Ingredients, Inc. Appoints Todd E. Benton as Chief Operating Officer; Michael D. Kandris to Continue to Serve as Director • GlobeNewswire Inc. • 03/21/2024 12:30:49 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/11/2024 08:18:04 PM
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- Alto Ingredients, Inc. to Participate in the 36th Annual Roth Conference • GlobeNewswire Inc. • 03/05/2024 01:30:06 PM
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- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/08/2023 09:32:32 PM
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- Form 8-K - Current report • Edgar (US Regulatory) • 11/06/2023 09:19:10 PM
- Alto Ingredients, Inc. Reports Third Quarter 2023 Results • GlobeNewswire Inc. • 11/06/2023 09:05:29 PM
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- Form 8-K - Current report • Edgar (US Regulatory) • 09/20/2023 09:20:11 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/19/2023 08:05:34 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/19/2023 08:05:28 PM
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- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 08/09/2023 08:10:48 PM
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- Form 8-K - Current report • Edgar (US Regulatory) • 08/07/2023 08:15:54 PM
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