Imperial Petroleum, Inc. (fka IPMN)

[southacresdave]

Mike... How do you see lower diesel prices this quarter affecting them? Last Q, they did $36.5M in biodiesel revenue on 8.7M gallons or $4.195/gallon. That was sweet! At fuel prices at that level, IPMN is a fricking cash cow!

But I see now where diesel is currently running $3.69-$4.19 in Indiana (http://www.indianagasprices.com/index.aspx?fuel=D ). It's dropped a bit like everywhere else. Do you know what their wholesale price to distributors is vs retail sales price? (I know the margin for gas stations is pretty slim). Also their cost last quarter for those 8.7M gallons was $29.7M. I know they mentioned they were trying to find lower cost raw stock---have they had any success at that? At a cost of $29.7M it looks like they only need to receive $3.41/gal to cover their supply expenses (assuming similar 8.7M gallons) and anything else starts to hit the bottom line nicely.

Definitely a nice find---a stock to own when fuel prices shoot up.