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.