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Ethanol Is Here To Stay, VSUNQ Bounces Back - Up 50%

VeraSun Energy Corporation (OTC:VSUNQ) surged 50.00% up to $0.0195 on no news; however the ethanol industry received a significant boost last week from Barack Obama and a congressional rule implementing the  mandated use of biofuel nationwide allowing at least an extra 2 billion gallons of corn ethanol to be produced and creating a gateway for much, much more.  The US Government said the rule will increase farm income by $13 billion by 2022; reduce oil dependence by 328 million barrels per year and reduce greenhouse gases comparable to removing 27 million vehicles from the road.  Furthermore the US EPA will review a decision to lift the blend rate of ethanol in regular gasoline from the existing 10 percent level to15 percent by mid-2010.  The ethanol market was badly hit by the recession, due in some part to the declining price in gas and the credit crisis which lead many ethanol producers to go bankrupt. VSUNQ is trading above its 200 day moving average of $0.01146 and has gained 828% since the beginning of January.  Based in Sioux Falls, South Dakota, VeraSun produces and markets ethanol and its co-products in the US.  The company filed for bankruptcy protection last year and sold its corn-based ethanol plant in Hankinson, North Dakota for $92 million in October 2009.  VeraSun’s ethanol co-products include wet and dry distiller grains, which are used as animal feed; and corn oil that is used as an animal feed, as well as to produce biodiesel. The company also markets VE85, an ethanol blended fuel through arrangements with gas distributors and retailers.

In November 2009 the company was named defendants in a class action lawsuit on behalf of its shareholders, which allege the company failed to disclose the true condition of its financial state, business and prospects.  The complaint alleges that on September 16th, 2008, VeraSun announced a public offering of 20 million shares of common stock to raise money for “general corporate purposes”; however shareholders claim the purpose of the offering was to raise funds to compensate for the huge losses incurred from speculative trading on the price of corn. In effect on September 16, 2008, VSUNQ stock fell 70% to $3.81 from the previous close of $5.22 before the announcement, and closed at $1.41 on September 17, 2009.

Today’s ethanol gainers: Pacific Ethanol Inc (NASDAQ:PEIX), +$0.04, 2.73% up to $1.88; Aventine Renewable Energy Holdings, Inc. (OTC:AVRNQ), +0.010, 4.76% up to $0.220.

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PicksThatMove.com is an independent electronic publication that provides information on selected publicly traded companies.  PicksThatMove.com is not a registered investment advisor or broker-dealer.  PicksThatMove.com affiliates, officers, directors and employees may buy and sell shares in any company mentioned herein and may profit in the event those shares rise in value.  We recommend Due Diligence before investing in any stock. 

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Feb
10
2010
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Callon Is Reimbursed $44.7M On Royalty Overpayment, CPE Stock Jumps

Callon Petroleum Company (NYSE:CPE) jumped 35.15% to close at $2.73 on news the energy company received  $44.7 million from the US Department of the Interior’s Minerals Management Service as reimbursement to the company for the overpayment of royalties at its Medusa Field in the Deepwater Region of the Gulf of Mexico. Headquartered in Natchez, Mississippi, Callon Petroleum is an oil and gas production company recovering petrol from properties in the onshore and offshore of the US Gulf Coasts. As of December 31, 2008, its estimated the company owned working interests in a total of 86 blocks/leases covering 193,000 net acres. 

VeraSun Energy Corporation (OTC:VSUNQ) gained 32.45% to close at $0.020 on no news. Based in Sioux Falls, South Dakota, VeraSun produces and markets ethanol and its co-products in the US.  The company filed for bankruptcy protection last year and sold its corn-based ethanol plant in Hankinson, North Dakota for $92 million in October 2009.  VeraSun’s ethanol co-products include wet and dry distiller grains, which are used as animal feed; and corn oil that is used as an animal feed, as well as to produce biodiesel. The company also markets VE85, an ethanol blended fuel through arrangements with gas distributors and retailers.  On November 10th 2009 the company was named defendants in a class action lawsuit on behalf of its shareholders, which allege the company failed to disclose unfavourable material facts about its true financial state, business and prospects.  According to the complaint, on September 16th, 2008, VeraSun announced a public offering of 20 million shares of common stock to raise money for “general corporate purposes.” The true purpose of the offering was to raise capital to offset the impact from the huge losses experienced as a result of its speculative trading and risky bets on the price of corn. In effect on September 16, 2008, VSUNQ stock fell 70% to $3.81 from the previous close of $5.22 before the announcement, and closed at $1.41 on September 17, 2009.

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PicksThatMove.com is an independent electronic publication that provides information on selected publicly traded companies.  PicksThatMove.com is not a registered investment advisor or broker-dealer.  PicksThatMove.com affiliates, officers, directors and employees may buy and sell shares in any company mentioned herein and may profit in the event those shares rise in value.  We recommend Due Diligence before investing in any stock. 

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Jan
28
2010
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Labrador Mining Acquires Resource Properties From Hollinger, Expands Manganese, Iron Operations

Labrador Iron Mines Holdings Limited (TSE:LIM) rose 26.39% to close at $7.04 on news the company acquired an additional 50 million tons of direct shipping iron ore (DSO) in Quebec, Canada. The mineral claims purchased from Hollinger are in Schefferville and are considered to be highly prolific for iron ore exploration. LIM plans to strategically expand into magnesium production as the newly acquired properties host a number of small high grade manganese deposits. Headquartered in Toronto, Ontario, Labrador Iron Mines Holdings Limited is developing a direct shipping iron ore mining operation on properties on which it holds interests located in the Province of Newfoundland and Labrador, near Schefferville, Quebec, and within the Labrador Trough which is Canada’s main iron ore producing region.

VeraSun Energy Corporation (OTC:VSUNQ) gained 18.18% to close at $0.026 on no news. Based in Sioux Falls, South Dakota, VeraSun produces and markets ethanol and its co-products in the US.  The company filed for bankruptcy protection last year sold its corn-based ethanol plant in Hankinson, North Dakota for $92 million in October 2009.  VeraSun’s ethanol co-products include wet and dry distiller grains, which are used as animal feed; and corn oil that is used as an animal feed, as well as to produce biodiesel. The company also markets VE85, an ethanol blended fuel through arrangements with gas distributors and retailers.

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About PicksThatMove.com:

PicksThatMove.com is an independent electronic publication that provides information on selected publicly traded companies.  PicksThatMove.com is not a registered investment advisor or broker-dealer.  PicksThatMove.com affiliates, officers, directors and employees may buy and sell shares in any company mentioned herein and may profit in the event those shares rise in value.  We recommend Due Diligence before investing in any stock. 

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Jan
20
2010
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Visteon Is Bullish Jumps More Than 50%, Has Pension Court Date In Three Weeks

Visteon Corporation (OTC:VSTNQ) jumped 55.56% up to $0.140 on no news. The company entered bankruptcy last year and seeks to terminate retiree health care and insurance benefits which they say represents a $310 million liability and blocks reorganization. The pension hearing and court date are set for January 28th 2010. Headquartered in Van Buren Township, Michigan, Visteon Corporation is a leading global automotive supplier that designs, engineers and manufactures innovative climate, interior, electronic and lighting, supplying components to vehicle manufacturers and the automotive aftermarket worldwide.  VSTNQ has gained 219% over the last three weeks.

VeraSun Energy Corporation (OTC:VSUNQ) grained  20.69% up to $0.0035 on no news.  Based in Sioux Falls, South Dakota, VeraSun produces and markets ethanol and its co-products in the US.  The company filed for bankruptcy protection last year sold its corn-based ethanol plant in Hankinson, North Dakota for $92 million in October 2009.  VeraSun’s ethanol co-products include wet and dry distiller grains, which are used as animal feed; and corn oil that is used as an animal feed, as well as to produce biodiesel. The company also markets VE85, an ethanol blended fuel through arrangements with gas distributors and retailers.

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About PicksThatMove.com:

PicksThatMove.com is an independent electronic publication that provides information on selected publicly traded companies.  PicksThatMove.com is not a registered investment advisor or broker-dealer.  PicksThatMove.com affiliates, officers, directors and employees may buy and sell shares in any company mentioned herein and may profit in the event those shares rise in value.  We recommend Due Diligence before investing in any stock. 

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Jan
11
2010
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Ethanol Producers Boosted By Rising Price of Gas, Upcoming EPA Blend Increase

Pacific Ethanol Inc (NASDAQ:PEIX) advanced 50.88% up to $2.15 on news the company has re-started production at its 60 million gallon per year Magic Valley facility in Idaho. Headquartered in Sacramento, California Pacific Ethanol, Inc. is a biofuel producer which sells ethanol and related products in the western US.  The company provides transportation, storage, and delivery of ethanol through third-party service providers. The company also sells bi-product grains to dairy farmers and feed distributors.  By mid 2010, the US EPA is expected to lift the blend rate of ethanol in regular gasoline from the existing 10% level to 15%, providing a substantial boost to ethanol producers who were hit hard by the decline in the prices of gas and the global recession in 2008.

BioFuel Energy Corp. (NASDAQ:BIOF) rose 15.02% to $3.93 on no news.  Headquartered in Denver, Colorado, BioFuel Energy Corp. produces and sells ethanol and related products in the US. The company currently operates two 110 million gallon per year ethanol production facilities in Fairmont, Minnesota and Wood River, Nebraska.  BIOF stock has appreciated more than 1100% since last February.

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PicksThatMove.com is an independent electronic publication that provides information on selected publicly traded companies.  PicksThatMove.com is not a registered investment advisor or broker-dealer.  PicksThatMove.com affiliates, officers, directors and employees may buy and sell shares in any company mentioned herein and may profit in the event those shares rise in value.  We recommend Due Diligence before investing in any stock. 

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Jan
11
2010
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Midday Energy Movers: LEI, VSUNQ, PEIX

Lucas Energy, Inc. (AMEX:LEI) jumped 19.83% up to $0.78 on no news. Based in Bellaire, Texas Lucas Energy is an independent oil and gas company. The company engages in the exploration and production of oil and natural gas in South Texas primarily in the Gonzales County, Texas area.

VeraSun Energy Corporation (OTC:VSUNQ) rose 20.83% up $0.0029 on no news.  Based in Sioux Falls, South Dakota, VeraSun Energy Corporation engages in the production and sale of ethanol and its co-products in the US.  The company which filed for bankruptcy protection sold its corn-based ethanol plant in Hankinson, North Dakota for $92 million in October 2009.  Ethanol is primarily used as a blend component in the gasoline fuel market and blend rates are expected to rise to 15% by mid-2010. VeraSun’s ethanol co-products include wet and dry distiller grains, which are used as animal feed; and corn oil that is used as an animal feed, as well as to produce biodiesel. The company also markets VE85, an ethanol blended fuel through arrangements with gas distributors and retailers

Pacific Ethanol Inc (NASDAQ:PEIX) advanced 46.03% up to $1.30 on no news; however the company has recently resumed production of ethanol at its Magic Valley facility in Burley, Idaho and has begun re-hiring employees. Headquartered in Sacramento, California Pacific Ethanol, Inc. is a biofuel producer which sells ethanol and related products in the western US.  The company provides transportation, storage, and delivery of ethanol through third-party service providers. The company also sells bi-product grains to dairy farmers and feed distributors.  PEIX stock has appreciated 250% since the end of November.

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PicksThatMove.com is an independent electronic publication that provides information on selected publicly traded companies.  PicksThatMove.com is not a registered investment advisor or broker-dealer.  PicksThatMove.com affiliates, officers, directors and employees may buy and sell shares in any company mentioned herein and may profit in the event those shares rise in value.  We recommend Due Diligence before investing in any stock. 

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Jan
08
2010
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Green Energy Torque: GLNH, BIOF, PEIX

Global Energy Holdings Group, Inc. (OTC:GLNH) jumped 100.00% up to $0.002, a slip from this morning’s astounding surge to $0.0199, with no news reported and triple volume.  Headquartered in Atlanta, Georgia, Global Energy Holdings Group, Inc operates as a diversified renewable energy company, through its two subsidiaries, Global Energy Systems, Inc. (GES) and Global Energy Ventures. Global Energy Holdings Group serves the multi-billion dollar market for alternative and renewable energies by developing biomass projects, such as gasification, and landfill gas-to-energy projects.

BioFuel Energy Corp. (NASDAQ:BIOF) made gains again this morning, up 11.71% to $3.34 on no news; however by year end  BioFuel Energy Corp increased business 674% in 2009.  Headquartered in Denver, Colorado, BioFuel Energy Corp. produces and sells ethanol and related products in the US. The company currently operates two 110 million gallon per year ethanol production facilities in Fairmont, Minnesota and Wood River, Nebraska.  BIOF stock has appreciated 362% since July and 710% since last January.  BIOF made gains during a bear market despite a sharp decline in the price of gas over the past two years, which lead many ethanol industries to fail in 2009; the company is now poised to capitalize on growth trends in green energy.

Pacific Ethanol Inc (NASDAQ:PEIX) advanced 6.74% up to $0.830  on no news; however the company is expected to benefit  from a US EPA review  which will lift the blend rate of ethanol in regular gasoline from the existing 10% level to15% by mid-2010.   In November, PEIX resumed production of ethanol at its Magic Valley facility in Burley, Idaho and has begun re-hiring employees. Headquartered in Sacramento, California Pacific Ethanol, Inc. is a biofuel producer which sells ethanol and related products in the western US.  The company provides transportation, storage, and delivery of ethanol through third-party service providers. The company also sells bi-product grains to dairy farmers and feed distributors.  PEIX stock has appreciated 127% since the end of November.

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PicksThatMove.com is an independent electronic publication that provides information on selected publicly traded companies.  PicksThatMove.com is not a registered investment advisor or broker-dealer.  PicksThatMove.com affiliates, officers, directors and employees may buy and sell shares in any company mentioned herein and may profit in the event those shares rise in value.  We recommend Due Diligence before investing in any stock. 

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Jan
05
2010
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January Sentiment Boosts Trading, Alternative Fuel Makers Jump

Bio-fuels are hot stock.  Shell just recently doubled its financial support for bio-fuels by investing the lower of $60 million to fund research and development activities for Codexis Inc. Shell is the most recent petrol company to increase a position in new age fuel research.

BioFuel Energy Corp. (NASDAQ:BIOF) gained 9.58% up to $2.97 on no official news since the company’s third quarter financial report was released in November.  BIOF reported net sales grew to $91.14 million; from $90.55 million for the same period from last year.  BioFuel Energy Corp also enjoyed a 674% increase in business in 2009.  Headquartered in Denver, Colorado, BioFuel Energy Corp. produces and sells ethanol and related products in the US. The company currently operates two 110 million gallon per year ethanol production facilities in Fairmont, Minnesota and Wood River, Nebraska.  BIOF stock has appreciated 253% since the beginning of October when it was moving around $0.85.

China Direct Industries, Inc. (NASDAQ:CDII) bounced 44.07% up to $1.70 with a surge in volume and 5,170,758 shares moving actively this afternoon.  Today the company updated an annual financial outlook and foresees full-year 2010 revenue of $130 million to $150 million, which on par with a consensus target of about $145.3 million. Headquartered in Deerfield Beach, Florida, China Direct Industries, Inc produces and distributes magnesium, and basic materials in China.  CDII has business activity which involves the sale and distribution of industrial grade synthetic chemicals consisting of glacial acetic acid and acetic acid derivatives, acrylic acid and acrylic ester, vinyl acetate-ethylene, and polyvinyl alcohol. The company also provides strategic investment planning, financing structures and arrangements, mergers, acquisitions.  Other business transactions include translation services, managing and coordinating various necessary government approvals and licenses in the PRC, marketing, and investor relations and consulting.

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PicksThatMove.com is an independent electronic publication that provides information on selected publicly traded companies.  PicksThatMove.com is not a registered investment advisor or broker-dealer.  PicksThatMove.com affiliates, officers, directors and employees may buy and sell shares in any company mentioned herein and may profit in the event those shares rise in value.  We recommend Due Diligence before investing in any stock. 

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Jan
05
2010
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Banner Day For Green Energy Stock: MGPI, JASO, DSTI, CLNE

MGP Ingredients, Inc. (NASDAQ:MGPI) advanced 10.86% to close at $8.47 on no news; however in November the company announced a venture with Seacor Energy to reactivate distillery operations at their Pekin, Illinois plant for the production of alcohol for industrial and fuel applications.  Seacor Energy paid MGPI $15 million for a 50% stake the separately owned and operated facility. Headquartered in Atchison, Kansas, MGP Ingredients, Inc. produces ingredients and distillery products in the United States. It processes wheat flour and corn into various products through an integrated production process. The company operates in three business segments: Ingredient Solutions, Distillery Products, and Other. The Ingredient Solutions segment products consist of specialty proteins, specialty starches, vital wheat gluten, commodity wheat starch, and mill by-products. The Distillery Products segment offers food grade alcohol; fuel grade alcohol, commonly known as ethanol; and distiller’s feed and carbon dioxide, which are co-products of the company’s distillery operations.

 

JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) jumped 15.97% to close at $5.30 on no news.  In November the company announced Q3 revenue of $193.3 million, a jump of 119.6% from second quarter revenue of $88.0 million.  The company’s shipments grew 129.9% in their third quarter, up to 177 megawatts, compared to 77 megawatts from the previous quarter.  Based in Shanghai, China JA Solar Holdings Co designs, manufactures, and commercializes high-performance monocrystalline and multicrystalline solar cells. JA Solar sells its products as composite materials to module manufacturers who assemble and integrate the technology which converts sunlight into electricity.

 

DayStar Technologies Inc. (NASDAQ:DSTI) gained 13.49% to close at $0.471 with heavy volume on no news.  Headquartered in Santa Clara, California, DayStar Technologies, Inc develops, manufactures, and markets products for the solar photovoltaic industry which convert sunlight into electricity.  The company makes ultra thin-film solar products for utility, commercial and residential markets.

Clean Energy Fuels Corp. (NASDAQ:CLNE) rose 8.98% to close at $13.59, up 190% from a 52 week low when the stock was trading near $4.60 last December.   Last week the company announced winning a contract with Veolia Transportation Services, to build, operate, and maintain a compressed natural gas bus fuelling station in downtown Los Angeles. Construction of the new Veolia/Clean Energy CNG station will begin in January 2010, with completion set for mid 2010. CNG fuel requirements are projected at more than 420,000 gasoline-gallon-equivalents in the first year of the Veolia station’s operations. Clean Energy is partnering with major cities in the US and their service providers to fuel over 5,000 buses and implement clean-fuel programs for entire bus fleets. Headquartered in Seal Beach, California, Clean Energy Fuels Corp designs, builds, finances, and operates alternative fuelling stations for transportation fleets in the US and Canada. Clean Energy Fuels also produces renewable biomethane.  As of December 31, 2008, Clean Energy Fuels Corp owned and operated 176 alternative natural gas fuelling stations in Arizona, California, Colorado, Maryland, Massachusetts, Nevada, New Mexico, New York, Texas, Washington, Georgia, Wyoming; and British Columbia and Ontario, Canada.

 

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PicksThatMove.com is an independent electronic publication that provides information on selected publicly traded companies.  PicksThatMove.com is not a registered investment advisor or broker-dealer.  PicksThatMove.com affiliates, officers, directors and employees may buy and sell shares in any company mentioned herein and may profit in the event those shares rise in value.  We recommend Due Diligence before investing in any stock. 

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Dec
15
2009
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PEIX, BFRE: Ethanol Is A Hot Topic On Upcoming EPA Review Of Higher Blend Rates

Pacific Ethanol Inc (NASDAQ:PEIX) advanced 11.81% up to $0.170  on no news; however ethanol discussions are a hot topic today on developments the US EPA will review  a decision to lift the blend rate of ethanol in regular gasoline from the existing 10% level to 15% by mid-2010.   The company recently resumed production of ethanol at its Magic Valley facility in Burley, Idaho. The facility produces approximately 60 million gallons of ethanol per year.  Like most ethanol producers who were hit hard during the economic crisis and by a sharp decline in the price of gas over the past two years, Pacific Ethanol Inc suspended production at the Magic Valley facility in February due to harsh market conditions for the industry.  In May the company’s subsidiaries filed for voluntary bankruptcy protection in the District of Delaware in an attempt to reorganize their debt.  Since then, market conditions have improved and the company intends to rehire and train staff and restock corn and other raw materials for operations at the Magic Valley facility in January 2010; however this must be approved by the bankruptcy court, which is expected to consider the plan on December 14, 2009, where lenders providing financing for the Magic Valley facility are likely to support it.  Headquartered in Sacramento, California Pacific Ethanol, Inc. is a biofuel producer which sells ethanol and related products in the western US.  The company provides transportation, storage, and delivery of ethanol through third-party service providers. The company also sells bi-product grains to dairy farmers and feed distributors. 

 

Bluefire Ethanol Fuels, Inc. (OTC:BFRE) jumped  48.91% up to $1.37 on news the company has been ranked a top bio-energy company  on the Biofuels Digest list of the “50 Hottest Companies in Bioenergy”  for the second  year in row.   Headquartered in Irvine, California BlueFire Ethanol Fuels, Inc., develops, owns, and operates ethanol plants for the transportation fuel market in North America. Bluefire Ethanol’s bio-refineries convert organic materials, such as agricultural residues, biomass crops and cellulose from municipal solid wastes into ethanol.

 

 

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PicksThatMove.com is an independent electronic publication that provides information on selected publicly traded companies.  PicksThatMove.com is not a registered investment advisor or broker-dealer.  PicksThatMove.com affiliates, officers, directors and employees may buy and sell shares in any company mentioned herein and may profit in the event those shares rise in value.  We recommend Due Diligence before investing in any stock. 

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Dec
05
2009
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