Vertex Energy: Now Is Certainly Not The Time To Panic [Seeking Alpha]
Vertex Energy, Inc (VTNR)
Last vertex energy, inc earnings: 11/8 06:02 am
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US:NASDAQ Investor Relations:
vertexenergy.com/investor-relations
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Source: Seeking Alpha
Summary In January, Vertex Energy, a UMO re-refiner, announced completion of its pilot project with Tensile and announced a second SPV to transform its Heartland facility for higher-purity base oil production. The transactions placed it in the best financial position in more than five years. When it reported quarterly results in early March, the IMO 2020 transition performed ahead of projections. The current crisis surrounding covid-19 and falling crude oil prices are compressing spreads between its feedstock costs and product pricing. The market has chopped Vertex' share price over 75%. But, Vertex is as well-positioned financially, as well-partnered, as well-hedged and as well-prepared as it has been in years. Now is certainly not the time to panic. The market turmoil resulting from the threat of covid-19 and the drop in crude oil prices hasn't changed my investment thesis on Vertex Energy ( VTNR The used motor oil (UMO) re-refiner reported an impressive recovery for the 2019 fourth
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VTNR
News
- Vertex Energy, Inc. (NASDAQ: VTNR) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Vertex Energy, Inc. (NASDAQ: VTNR) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Vertex Energy Initiates Bankruptcy Proceedings, Shares Plunge [Yahoo! Finance]Yahoo! Finance
- Vertex Energy, Inc. (NASDAQ: VTNR) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Vertex Energy Files For Chapter 11 Bankruptcy, Secures $80M Lifeline Financing [Yahoo! Finance]Yahoo! Finance
VTNR
Earnings
- 8/8/24 - Miss
VTNR
Sec Filings
- 10/9/24 - Form 8-K
- 10/1/24 - Form SC
- 10/1/24 - Form SC
- VTNR's page on the SEC website