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Thursday, 12/11/2014 2:54:21 AM

Thursday, December 11, 2014 2:54:21 AM

Post# of 30388
Some interesting reads on the oil price drop in 2008 for those thinking PEIX might face the same problems s back then
Funny thing is, the drop also started in June ended in December and went up again in March.

Oil price history Chart (I don't think it will go far below $50 what do you think?)
http://www.macrotrends.net/1369/crude-oil-price-history-chart

What caused the big oil slide in 2008
http://content.time.com/time/business/article/0,8599,1859380,00.html

PEIX went down in 2008 but the company wasn't that healthy that year:

"In 2009, PEIX incurred a net loss of $308.2 million on revenues of $316.6 million. This represents a 110.3% increase in net loss on a 55.0% drop in total revenues from 2008, when the company lost $146.5 million on $703.9 in revenues"
Source: http://www.wikinvest.com/stock/Pacific_Ethanol_%28PEIX%29

I think that since 2014 has been a great year for PEIX so far, the oil drop might seem to be face its low, PEIX might have a very good 2015 also, oil prices will recover in 2015 and so will ethanol.
Bringing PEIX to new heights.

If there is a moment you want to consider to take a long position in PEIX or the ethanol sector, I think this might be the best time.
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