Vertex Energy Inc (VTNR)

[jasonak]

VTNR 3.00

If you like this stock now...you should listen to the CC.

Some nice points were:

1. They are preparing to uplist.

2. They are finding out they can exceed the design capacity of the original TCEP plant. It sounds like they can process more than 50k barrels/month.

3. The recently added Alabama facility is online and did not contribute to the past reported quarter, but functioning at 2/3 capacity for aggragation and will contribute to the next qtr rev.

4. Cowan says he likes $80 oil due to it "softening" the market for black oil.

5. The have been increasing their per barrel margins dramatically the past 2 qtrs and are looking to do more in this area with possibly purchasing the fragmented suppliers. I think this is an excellent idea. They have about $2m now in the bank and are looking to add $1m a qtr cash.

Overall, the CC was proffessional and conservative...yet upbeat.

The stock has alot of wind behind it and is well managed for a long term hold. If their business model proves to be scalable, the sky is the limit. The stock, as is, is very cheap in my opinion at about 6 times earnings.

Just my opinion.

Jason