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Tuesday, October 26, 2010. Pacific Ethanol: Potential Buyout Target. PEIX is an operator of a handful of ethanol plants in the western states. They are trying to emerge from bankruptcy, and have recently arranged a line of credit to become a credible ethanol producer. Their current stock price is about $1 per share and they have about $80M in debt:. Total Cost to Buy Co. Total Cost to Buy Co. Friday, October 22, 2010. Western Refining Debt Restructuring. We wrote in a previous blog entry about the epic c...

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Tuesday, October 26, 2010. Pacific Ethanol: Potential Buyout Target. PEIX is an operator of a handful of ethanol plants in the western states. They are trying to emerge from bankruptcy, and have recently arranged a line of credit to become a credible ethanol producer. Their current stock price is about $1 per share and they have about $80M in debt:. Total Cost to Buy Co. Total Cost to Buy Co. Friday, October 22, 2010. Western Refining Debt Restructuring. We wrote in a previous blog entry about the epic c...
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US Oil Inventories | usoilinventories.blogspot.com Reviews

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Tuesday, October 26, 2010. Pacific Ethanol: Potential Buyout Target. PEIX is an operator of a handful of ethanol plants in the western states. They are trying to emerge from bankruptcy, and have recently arranged a line of credit to become a credible ethanol producer. Their current stock price is about $1 per share and they have about $80M in debt:. Total Cost to Buy Co. Total Cost to Buy Co. Friday, October 22, 2010. Western Refining Debt Restructuring. We wrote in a previous blog entry about the epic c...

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US Oil Inventories: Marathon Upstream vs. Apache and Andarko

http://www.usoilinventories.blogspot.com/2010/07/marathon-upstream-vs-apache-and-andarko.html

Tuesday, July 20, 2010. Marathon Upstream vs. Apache and Andarko. Here is a little spreadsheet comparison between the Marathon Oil upstream business, vs. its competitors Andarko and Apache. Andarko has a much higher debt load, market capitalization of the three are quite similar, but the profitability of MRO and APA are better, probably because Andarko has incurred a higher debt load. Note: The Market Capitalization is for MRO total company, including the refining business, as is the long term debt amount.

2

US Oil Inventories: MRO: What to do with $900M

http://www.usoilinventories.blogspot.com/2010/10/mro-what-to-do-with-900m.html

Monday, October 18, 2010. MRO: What to do with $900M. Recently unloaded a lot of gas stations and a small refinery up in Minnesota, and now have on their hands $900M. There are a few alternatives as to what to do with the extra cash. and MRO being the conservative types that they are have no doubt considered the following alternatives:. 2,390,000,000. Shares Outstanding After Buyback. 2,390,000,000. Anticipated Stock Price after Buyback. Note: Using the $900M to do some sort of debottlenecking project in...

3

US Oil Inventories: April 2010

http://www.usoilinventories.blogspot.com/2010_04_01_archive.html

Friday, April 30, 2010. The Real Cost of the Louisiana Oil Slick. The real cost will be in terms of "second thoughts". Say you are planning a project. It's risky enough, leasing one of these giant platforms, it costs you hundreds of thousands per day. You drill a hole in deep water, as much as 10,000 feet, and then downward into the geology from that. Costs money. You might or might not get as much product out of it as you originally planned. This did more to kill off "drill baby drill" than a years' wor...

4

US Oil Inventories: Calumet Specialty Products: The Costs and Benefits of Differentiation

http://www.usoilinventories.blogspot.com/2010/07/calumet-specialty-products-costs-and.html

Thursday, July 8, 2010. Calumet Specialty Products: The Costs and Benefits of Differentiation. Their average refinery throughput over the last few years has been about 54,000 bpd, which is a bad 45 minutes for Valero. I did the calculation to compute the correlation between industry refining margins and their NOI and came up with the following:. The comparison between VLO and CLMT is especially interesting:. So, what is going on here? CLMT also engages in a lot of hedging/derivative activities to try to ...

5

US Oil Inventories: March 2010

http://www.usoilinventories.blogspot.com/2010_03_01_archive.html

Wednesday, March 31, 2010. Refinery Inputs and Outputs. While we are waiting for the report to come out this morning, here is a graph for you. If you add the sum of the finished products together, that is, unleaded, jet fuel, distillates, residual fuel oil, and propane, and then compare it to the inputs, here is what you get. Anyway, our friend the plant manager of the refinery is probably thinking about this a lot this morning as he sits with his feet on the desk waiting for the morning staff meeting.

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James A. Shell is a 35-year veteran of the petrochemical business, of which nearly 20 years was spent in market analysis, supply chain analysis, and business development for a major specialty chemical company. James weekly petroleum status forecasts have appeared in a variety of internet settings for six years, and his blog entries and publications are well respected. Supply chain management, basic materials commodity production, and basic materials marketing.

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US Oil Inventories

Tuesday, October 26, 2010. Pacific Ethanol: Potential Buyout Target. PEIX is an operator of a handful of ethanol plants in the western states. They are trying to emerge from bankruptcy, and have recently arranged a line of credit to become a credible ethanol producer. Their current stock price is about $1 per share and they have about $80M in debt:. Total Cost to Buy Co. Total Cost to Buy Co. Friday, October 22, 2010. Western Refining Debt Restructuring. We wrote in a previous blog entry about the epic c...

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