During 2011, the Company has been exploring the possibility of producing corn oil as an additional co-product at each of its two facilities. This would require the installation of corn oil extraction systems at each ethanol plant. On October 28, 2011, the Company’s Operating Subsidiaries received funding under an operating lease each Operating Subsidiary entered into with Farnam Street Financial, Inc. These operating leases will provide the funding to pay for most of the costs of installing the corn oil extraction systems that each Operating Subsidiary is in the process of installing in its respective plant. The Company expects to begin generating revenues from corn oil sales beginning no later than the first quarter of 2012.
See Here
BioFuel Energy has already reported their results - the actual official detailed filing was today.
This company is a self-reported GreenShift Customer - from their previous conference call.
SkunK
Tuesday, November 15, 2011
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51 comments:
did not collapse...i was wrong
BIOF add GERS smart! Profits!
Last Trade: 0.11
We're heading in the right direction. Hope it keeps going.
Up 10%, I'll take it. Look at biof go! Wow!
All THREE trades have been sells -- hold the celebrations.
IF they were all sales why is the PPS up?
hOWS that crow taste?
Closed at .35
Nobody, I swear....if they sky was raining gold coins you would be the one that would be complaining that your vehicle is getting dinged up by the falling debris. You are the worst pesimistic person I have seen over the past couple years on I-hub. If you are so against this stock and all the money that you lost of your familys investment then leave the stock.
BUYOUT @ A BUCK!
If there is a sell then there must be a buy...at least that's how it works at my local 7-11 store.
a buck would be much less market cap than even projected 2011 revenues. Start at $5-10 if you are serious.
Anony3:16,
You sound like the Catholic Church when Galileo Galilei told them that the Earth was not the center of the universe. Sorry to burst your bubble.
E
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http://en.wikipedia.org/wiki/Eating_crow
LOL....Thats Auwesome!
LMAO ohh man you owe me a new keyboard-spit coffee LMAO
WTF .35! Is this right!-whats going on here! Was up 10% now 250! Wow!
It appears the trade of 500 at .35 did it.
$0.3500 500 OBB 15:55:29
$0.1100 1,000 OBB 14:41:20
$0.1100 1,000 OBB 14:26:02
$0.1100 100 OBB 14:21:30
$0.1000 100 OBB 10:26:56
Looks like buying at the ask will push it up.
This new share structure must be a winner?
Without dilution if we just keep up the buying pressure I wonder how high It will go? But of course it could dump.
Lol
USAA has lifted the "DTC Chill on GERS(D)". Hopefully other brokerages will follow that restricted purchases of GERS or applied outlandish fees. This is great news and one of the objective of the R/S.
whats so great about it today?
It's officially dead.. Time to move on
Goodbye everyone . Really enjoyed reading everyone's posts for the last 2 years.. Sorry to see this stock die like this
10Q out in a few days plus litigation settlements possible. Why bail now?
Oh I'm holding but my $2000 investment from 2years ago is now $50
And I am called pessimistic!
I'm going to sell now even though the Q3 numbers should be positive. No point in waiting 2-5 more days. This is obviously the most opportune time to sell.(sarcasm implied)
What a bunch of idiots. Perhaps you would be better off in assuming the risk of a non-interest bearing checking account.
"Your an idiot" So... you must be my "an idiot" then. You're moving on to greener pastures by staying? I don't get it. I assume much the same way you don't understand "sarcasm implied".
Stock is plumeting. No good. We have all lost our money.
Looks like some of the Yahoo bashers have found their way here. You guys are so cute...
Its nobody posting anony
I don't need to hide behind an ANONY moniker like some do.
Right you'll just remain a nobody12378.
Not anony moniker.
Go GERS!
Boy or the bashers pissed.
Another buy of 77,700 trade in after close @ .147
Using Nobody12378 is no different than using Anonymous. We all prefer to be Anonymous or, in your case, Nobody12378. I thought we already covered this a few months ago.
Wait for the report. Too many bashers, thrashers and lashers without a straw to stand on. I say sell if you like and have fear, but buy if you like and have bones. Best to all$
Vegetable Oil Inventories At 36 Year Low, prices are headed higher.
Stockpiles of the cooking oils used to make everything from candy bars to biofuels are declining to the lowest in two generations as farmers fail to keep up with demand expanding at five times the pace of the world population.
Inventories of soybean, rapeseed, sunflower and six other oils will drop to less than 29 days of consumption this year, the fewest since 1975, U.S. Department of Agriculture data show. Palm, the most-consumed oil, will rise 7 percent to 3,475 ringgit ($1,103) a metric ton in Malaysian trading by the end of the first quarter, the highest since March, based on the median estimate of 12 analysts and traders surveyed by Bloomberg.
Supplies of oils and fats will be near the “critically low level” seen during the 2008 food crisis, the United Nations said in a report Nov. 3. While the UN’s world food index dropped 9 percent from a record in February as grain harvests expanded, a tighter supply of cooking oils is helping to keep the gauge about 20 percent higher than the five-year average.
“This is an early warning that we’re giving,” said Peter Thoenes, an economist at the UN Food & Agriculture Organization in Rome. “A tightening in the global supply and demand balance seems inevitable. The oil-crop market fundamentals seem to call for continued firmness in prices.”
Global diets are changing as wealth increases, boosting demand for processed goods. Retail sales of packaged food will reach $2.12 trillion this year, from $1.66 trillion in 2006, according to London-based Euromonitor International Ltd., a consumer research company. Shoppers will spend about $4.44 billion on cooking fats, from $2.9 billion five years ago, Euromonitor estimates.
World stockpiles of coconut, cottonseed, peanut and the six other oils, will drop 3.6 percent to 11.76 million tons in the 2011-2012 season, the lowest since 2007-2008, the USDA estimates. Inventories averaged about 37 days of use in the past two decades, the data show.
Biofuel Demand
Production will rise 3.7 percent this year, compared with 4.6 percent last year and 4.9 percent in 2009-2010, the Washington-based department predicts. Demand will advance 3.9 percent to a record 149.89 million tons in 2011-2012, compared with about 91 million tons in 2001-2002. The world population reached about 7 billion from 6.24 billion over the same period, the U.S. Census Bureau estimates.
Demand for biofuels, derived from crops, means more soybean oil is being used domestically in Argentina, Brazil and the U.S., according to Oil World, a Hamburg-based research company. Global stockpiles of soybean oil will drop 17 percent to 2.4 million tons by the end of this season, the lowest level in 18 years, led by declines in those three nations, the USDA estimates.
“Even in this scenario of low economic growth, the world needs additional supplies of crops so prices should remain at attractive levels,”
Consumption of cooking oils by China may increase 5 percent to 29.04 million tons this season as India uses 4.9 percent more at 17.1 million tons, the USDA estimates. The global estimates also include olive and palm kernel oil.
The FAO’s oils and fats inventories forecast depends in part on South American farmers, Thoenes said. Soybeans are harvested in the first and second quarters in Brazil and Argentina, the two largest producers behind the U.S.
Higher Prices
“The world is facing a deceleration in the growth of supply while demand is going to grow as normal,” said Dorab Mistry, the director at Godrej International Ltd. who correctly predicted in September that palm oil would drop to 2,800 ringgit. “We are looking at higher prices.”
Council Begins Lower-Oil DDGS Education Efforts
As more U.S. ethanol plants add oil extraction capacity either at the front end or back end of their processes, the supply of lower-oil distillers dried grains with solubles (DDGS) is increasing, and with it, the need to educate foreign DDGS users about its different characteristics.
“The lower oil content means a difference in how this DDGS will perform in livestock rations,” explained Sean Callanan, USGC manager of programs. “The Council has spent a lot of resources on building an international market for DDGS. Now we’re taking steps to educate people about lower-oil DDGS.”
In a first step, Council international directors who administer DDGS programs and international DDGS nutritionist consultants met in Minneapolis last week with ethanol and DDGS industry contacts and leading U.S. livestock nutritionists to discuss lower-oil DDGS.
“For many of the attendees, this was the first they had heard about lower-oil DDGS,” said Callanan.
The two-day program began with an exploration of ethanol industry dynamics, including the differing financial successes of plants with and without oil extraction. At one time, DDGS oil content was 10-15 percent , but as extraction becomes more efficient, oil-content is likely to be much lower.
Nutritionists from the swine, beef, dairy and poultry industries reported that only preliminary data is currently available for feed formulations with lower-oil DDGS, but new testing is already under way. When research results are available beginning next February, the Council will determine its next steps, including possible conference calls or webinars.
“As this newer form of DDGS moves into the marketplace, we want to make sure our customers aren’t surprised by the difference in its performance,” said Callanan. “We will need to begin re-educating them about what to look for and how to recalibrate feed formulas for different levels of oil in DDGS.”
The U.S. Grains Council is beginning to educate foreign users of dried distillers grains with solubles about the characteristics of lower-oil DDGS.
The supply of lower-oil DDGS is increasing as more U.S. ethanol plants extract oil from their distillers grains. The lower oil content changes how the DDGS performs in livestock rations and has led to more education needed for foreign DDGS users.
"The Council has spent a lot of resources on building an international market for DDGS," said Sean Callahan, USGC manager of programs. "Now we're taking steps to educate people about lower-oil DDGS."
The first step in the Council's education effort was to hold a meeting last week in Minneapolis. The Council's international directors who administer DDGS programs and international DDGS nutritionist consultants met with ethanol and DDGS industry contacts and leading U.S. livestock nutritionists.
The two-day program introduced attendees to lower-oil DDGS, as well as comparing financial successes of ethanol plants with or without oil extraction. Livestock and poultry nutritionists reported that only preliminary data is yet available on using lower-oil DDGS in feed formulation, but more research is already underway.
The Council plans to continue its education efforts when research results are available in February.
http://www.youtube.com/watch?v=iALG7t3o2x0&feature=related
geez...enough with the years of pain...would have been real to release some supportive fundemental news....?no pain no gain?....plenty of pain so far..GLTA longs
larry
Put me out of my misery & just go back to a penny
You wish Vander Slime you gotta face the music.
because somebodys got to build plants an icm going out of business means gers builds all the plants does that sound fair?
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