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Tuesday, March 19, 2019 1:12:31 PM
If they can make the book value grow again, investors might start seeing peix again as a better long term investment. But first things need to change.
You missed an important change that is already in the process of being completed.
"The administration announced the removal of the federal restriction on summer sales of E15 ethanol."
The quotes above and below were copied and pasted from an article that was published less than a week ago on the Zack's website.
The Current Ruling on E15:
The vast majority of ethanol consumed in the United States comes in the form of E10, or a 10 vol% blend with gasoline. In 2011, the EPA permitted a partial waiver for blends of up to 15% with gasoline for passenger vehicles manufactured after 2001. While the ruling was bitterly contested by refiners, there was a rider associated with this approval that prohibited the sales of E15 ethanol between Jun 1 and Sep 15 every year. The restriction during the summer driving season was attributed to concerns over the potential for smog formation resulting from the volatile organic compounds in the hotter days.
EPA’s Suggested Reforms:
Yesterday, EPA proposed the removal of restrictions on E15 sales and allow year-round blending of the fuel rather than for just eight months of the year.
If the EPA's proposal is adopted, it will increase the market for ethanol sales. It will give Pacific Ethanol a reason to return to full production at their Nebraska plant. If the EPA's proposal is adopted, I expect Pacific Ethanol's revenue and their Book Value to be much higher a year from now. Don't wait until the price is above $3/share before you buy some PEIX stock.
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