Thursday, July 18, 2019 2:37:06 PM
Spikes in oil prices happen all the time and without warning because political problems with the oil-producing nations happen without warning (unless you're an Ambassador to that country and thus aware of just about everything that is happening in that country).
Then tell me, what have these spikes done for PEIX so far the past two years?
This was the oil price the last two years:
These where the earnings of the last 4 quarters
Please tell me, what spike do you see in the past 4 quarters?
Some more earnings. The last time they had a profit was in Q4 2016.
So what would they need as a spike to make a plant run profitable?
And, by the way...the oil price in Q4 2016 was lower then it is now!
Like I've said before....there are a lot of different forces at play when it comes to make a ethanol plant profitable. I used to look at all kinds of reports, and share them here. But it was just impossible to predict it that easy.
Only a very very large change can make ethanol suddenly be "hot" again like it was before.
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