I've been contemplating rebuying REX but the guidance for Q1 and Q2 is uncertain for investors with ethanol and oilprices so depressed. The good news is that DDGs prices are back up over $200/ton and natgas prices are super-low, and corn prices are still relatively low (not as low as for REX's Q3 period) so they are making back a portion of what they're losing on plunged ethanol prices.
I haven't examined closely all the numbers, but i surmise that in Q1 and Q2, given present prices for everything (and these could change), REX might be able to post around 1.85 to 2.05 EPS, but don't quote me on that!!
But everything i'm reading about crude oil glut here in USA and storage at Cushing likely maxed out in 10-12 weeks suggests to me that oilprices may crash at some point in next month or two, and that would have a terrible effect on gasoline prices and almost certainly drag down further the price of ethanol. One might be able to buy REX in the $40s at that point.
In the meantime, i'm looking for gains in the biotech sector and playing the volatility in certain commodities.
Recent REX News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/18/2024 06:20:29 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/18/2024 06:17:24 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/18/2024 06:14:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/18/2024 06:08:12 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/18/2024 05:56:14 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/18/2024 05:48:54 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/18/2024 05:44:42 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/18/2024 05:39:31 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/18/2024 05:37:04 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/18/2024 05:26:09 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/14/2024 02:57:59 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/30/2024 08:14:32 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/29/2024 06:00:20 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/22/2024 01:27:51 PM
- REX American Resources Reports Fiscal 2024 First Quarter Net Income Per Share Attributable to REX Common Shareholders of $0.58 • Business Wire • 05/22/2024 10:00:00 AM
- REX American Resources to Report Q1 2024 Results and Host a Conference Call and Webcast on May 22, 2024 • Business Wire • 05/09/2024 08:15:00 PM
- REX American Resources Reports Full Fiscal Year 2023 Net Income Per Share Attributable to REX Common Shareholders of $3.47, the Second Highest in Company History • Business Wire • 03/28/2024 10:00:00 AM
- REX American Resources to Report Q4 and Full Fiscal Year 2023 Results and Host a Conference Call and Webcast on March 28, 2024 • Business Wire • 03/14/2024 08:15:00 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/20/2024 10:06:07 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/13/2024 03:42:24 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/27/2023 03:30:17 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 12/04/2023 09:11:23 PM
FEATURED BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • Jul 2, 2024 7:19 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM
North Bay Resources Announces Successful Flotation Cell Test at Bishop Gold Mill, Inyo County, California • NBRI • Jun 27, 2024 9:00 AM