Syntroleum Corporation (SYNM)

[murocman]

Just listened to the Conference Call. While it bothers me a bit that the company is including a $1 per gallon govt subsidy in their profit calculations, it is likely to be be in place throughout the current administration.

It was also mentioned on the call that the company has supplied animal fat syn-fuel (600 gallons) to the USAF for certification, which was news to me.

I do like the fact that this company will likely be the first to mass produce bio-fuel from a non-food source, and think they will have an instant market for their product.

The stock market seemed like the call. If the stock can continue to move higher on good volume and close above $3.24, I think we could see $3.50-$4 in the short-term on technicals alone.

If there is news regarding a second plant vis-a-vis the compay's DOE application or an announcement about USAF certification I think we could get to the $6-7 range. All-in-all I think this will be a very good alternative energy play over the next couple years.

GLTA,

Murocman