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Stock impact report

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 Check Earnings Report
US:NASDAQ Investor Relations: vertexenergy.com/investor-relations
Company Research 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 Show less Read more
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