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 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/30/2024 04:44:46 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/27/2024 02:27:48 PM
- REX American Resources Reports Fiscal 2024 Second Quarter Net Income Per Share Attributable to REX Common Shareholders of $0.70 vs. $0.52 Per Share in Fiscal Second Quarter 2023 • Business Wire • 08/27/2024 11:30:00 AM
- U.S. Index Futures Edge Higher, Oil Prices Dip • IH Market News • 08/27/2024 09:37:02 AM
- REX American Resources Corporation to Participate in Upcoming Investor Events • Business Wire • 08/20/2024 11:30:00 AM
- REX American Resources to Report Fiscal Q2 2024 Results and Host a Conference Call and Webcast on August 27, 2024 • Business Wire • 08/13/2024 11:30:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/07/2024 09:27:02 PM
- 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
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