Just put a limit order in for $15.6 to buy the rest of my position back that I sold before earnings release. Hope it fill tomorrow. Wish I could've gotten it in the 13's...but it just kept dropping, but it seems to have settled nicely, great time to get back in IMO. Oil price uptick will help this stock, but I think Grassley has a lot of pull on Trump and will push him to get the biodiesel credit extended plus retroactive credits for 2018, more important. Trump, IMO needs to do this to win Iowa, farmers there are pissed off about trade wars, extend that credit, and they will be pleased. REGI is the only pure play company that can survive if the tax credit doesn't succeed in the renewable arena, other than agricultural conglomerate giants like ADM and a few smaller players like ANDE and FF(owned FF, they need to try to expand beyond one plant at some point, renewable chemicals as well as diesel portfolios are intriguing.) REGI should really buy FF so they can have their renewable chemical patent portfolios and their extraordinarily consistent plant that has been profitable even during the dark years where almost every single renewable fuel producer went out of business.
I can't get over how consistent FF has been, 1 large plant, profitable for every year, everyone else going out of business, FF, is not only profitable, but paying dividends for all those years too. It's a pretty remarkable story, POET, Solazyme, Amyris, Syntroleum and many other big players all ceased renewable operations or went bankrupt, but lil ol' Future Fuels during times of record low margins and govt support, not only stayed in business, but remained profitable and STILL were able to pay dividends. Perfect portfolio to integrate into REGI, hope they are looking at that opportunity.
The rabbit in REGI's hat is renewable diesel vs transerification margins, plus their intellectual property in areas that may turn green within 5-10 years, like Phase Change Materials and Algae refining. Both of these areas, REGI has intellectual property, and almost all companies are gone from this arena because they started when oil was too low (or dropped too much while they were making progress, nice dividend for a very small cap, not really micro, but really small, they need to try to expand or better yet, REGI buys them out) and R&D was too high.
I like 15.6 a lot, I like 13 better, but it was dropping like a tank than, and wanted to see if it was going lower. Looks to have stabilized. Next earnings reports should be better due to higher oil costs and better revenues and margins. When more renewable diesel signs on, the margins will continue to grow IMO, company is working on it right now, seems to be their top priority to increase renewable diesel capacity.
