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We may need to eod intraday data why are stocks dropping so fast additional accounting and financial staff with appropriate public company experience and technical accounting knowledge to comply with such compliance requirements. Additionally, new companies are constantly entering the market. July 30 Updated. Price Performance See More. We use derivative instruments to hedge the impact of fluctuations in oil prices on our results of operations and cash flows. Learn about our Custom Templates. Title of each class. Benjamin P. Diversified End Product Sales. Collectors are typically local businesses that purchase used oil from generators and provide on-site collection services. These components can include reformulated gasoline blendstock for oxygenate blending RBOB but exclude oxygenates alcohols and ethersbutane, and pentanes plus. Through our network nasdaq symbol td ameritrade charles schwab vs ishares etf suppliers and customers, we aggregate a large amount of feedstock, which enables us to enter into minimum purchase and sale contracts as well as accept large volume orders year-round. In addition, our hedging activities may best stable stocks 2020 swiss blue chip stocks us to the risk of financial loss in certain circumstances, including instances in which the counterparties to our hedging contracts fail to perform under the contracts. Our network of generators and collectors minimizes our reliance on any single supplier. Inflation and Commodity Price Risk. Our ability to access credit and capital markets may be restricted at a time when we would like, or need, access to those markets, which could constrain our flexibility to react to changing economic and business conditions. Industry: Pharmaceuticals: Other. If we are unable to compete effectively or adequately respond to competitive pressures, this may materially adversely affect our results of operations and financial condition and could also have a negative impact on our ability to obtain additional capital from investors. Only a relatively small number of entities operate in our industry including competitors, feedstock suppliers, re-refining operators, purchasers of our products and transportation companies. Our operations involve the storage, handling, transport and disposal of bulk waste materials, some of which contain oil, contaminants and other regulated substances. Occupational Safety and Health Act. Although we believe there are a number of potential replacement disposal vendors that could provide such services, we may incur additional costs and delays in identifying and qualifying such replacements.
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In addition, any covenant breach or event of default could harm our credit rating and our ability to obtain additional financing on acceptable terms. Negative publicity may harm our operations and we may face additional expenses due to such negative publicity. Market Cap — Basic —. We may have to alter our products or processes, pay licensing fees, defend an infringement action or challenge the validity of the patents in court, or cease activities altogether because of patent rights of third parties, thereby causing additional unexpected costs and delays to it. The price and supply of oil and gas is unpredictable and fluctuates based on events beyond our control, including geopolitical developments, natural disasters, supply and demand for oil and natural gas, actions by OPEC and other oil and gas producers, war and unrest in oil producing countries, regional production patterns and environmental concerns. Finally, as a result of the Merger, the common stock of World Waste was effectively reversed one for ten 10 as a result of the exchange ratios set forth in the Merger, and unless otherwise noted, the impact of such effective reverse stock split, created by the exchange ratio set forth above, is retroactively reflected throughout this Report. We depend on the continuing availability of raw materials, including feedstock, to remain in production. Part II. Our ability to make payments on our indebtedness will depend on our ability to generate cash in the future. We believe that our strategic relationships could lead to contract extensions and expanded feedstock supply or purchase agreements. In addition, the terms of existing or future debt agreements may restrict us from adopting any of these alternatives. Advanced search. Any prolonged period during which the facilities we operate or acquire are non-operational or operational on a limited basis due to the decision to refurbish or upgrade such facilities, due to accidents or events which occur at such facilities, including, but not limited to fires, floods or other acts of God, or any other reason, including problems with the facilities, could adversely affect our revenues and results of operations. Risk Factors. July 27 Updated.
In many cases, we have contractual purchase and sale agreements with our suppliers and customers, respectively. The principal elements of our strategy include:. This content is available to globeandmail. Therefore, it is somewhat easier to procure certain waste streams during winter months when competition for used motor oil feedstock is historically not as strong. In our capacity as a collector of used oil, we purchase feedstock from approximately 4, businesses, such as oil change service stations, black candles are not displaying in tradingview fast trading software repair shops, manufacturing facilities, petroleum refineries, and petrochemical manufacturing operations, which generate used oil through their operations. In the event where do futures contracts traded how to build brokerage account prices remain low, moving forward we anticipate not operating TCEP, nor do we anticipate generating any revenues through the use of such technology and processes. Improvements in or new methodologies or technology relating to the refining and re-refining of used oil feedstocks could have a material adverse effect on our financial condition and results of operations. Indicate by check mark whether the registrant is a shell company as defined in Rule 12b-2 of the Exchange Act. July 28 Updated. If the escalation of fees is insufficient to cover increased costs or if any customer suspends or terminates its contracts with us, our profitability could be materially and adversely affected. It also relies on project based work which it bids on from time to time of which there is no guarantee or assurance of repeat business. We have historically been able to maintain lines of credit and other credit facilities similar to the Credit Agreements. Some of our competitors, however, obtain a portion of their feedstocks from their own production and some have more extensive retail outlets than we .
The Sale Agreement includes standard indemnification obligations of the parties, subject to certain caps on indemnification and deductibles. Finally, as a result of the Merger, the common stock of World Waste was effectively reversed one for ten 10 as mark barton and day trading olymp trade withdrawal limit result of the exchange ratios set forth in the Merger, and unless otherwise noted, the impact of such effective reverse stock split, created by the exchange ratio set forth reliance macd rsi how to use tradingview youtube, is retroactively reflected throughout this Report. We are currently utilizing TCEP to pre-treat our used motor oil feedstocks prior to shipping them to our facility at Marrero. Used oil is usually recovered and recycled in one of two ways: i by burning it as an industrial fuel; or ii by re-refining it into higher value end products, such as lubricating base oils, fuel oil cutterstock, or transportation fuels pursuant to the U. Our testing may, and has in the past, revealed deficiencies in our internal controls over financial reporting that are deemed to be material weaknesses. Net Margin, TTM —. To date, disposal vendors have met their requirements but they may not continue to do so. Price Performance See More. Black Oil Division. In our capacity as a broker of used oil, we work with approximately 50 suppliers that collect used oil from businesses such as those mentioned. We believe that the diversity of the products we trading months for gold futures axitrader back test dtata reduces our overall risk and exposure to price fluctuations.
The following factors could present difficulties to us: lack of sufficient executive-level personnel and increased administrative burden; availability of suitable acquisition candidates, trucks, barges, tanks, rail cars and processing facilities; and the ability to provide focused service attention to our customers, among others. Item 9. Our Black Oil division is engaged in operations across the entire used motor oil recycling value chain including collection, aggregation, transportation, storage, refinement, and sales of aggregated feedstock and re-refined products to end users. If the prices we charge for our finished products and the costs to collect, refine and re-refine products do not move together or in similar magnitudes, our profitability may be materially and negatively impacted. The loss of Mr. We have substantial indebtedness which could adversely affect our financial flexibility and our competitive position. In addition, any covenant breach or event of default could harm our credit rating and our ability to obtain additional financing on acceptable terms. Switch the Market flag above for targeted data. Additionally, we depend on the price of such raw materials, including feedstock being reasonable to us in relation to the prices we are able to receive for our final products. These assessments and estimates are based on the information available to management at the time and involve a significant amount of judgment. Biomass Renewable Energy.
We use appropriate means to contest litigation threatened or filed against us, but the litigation environment in these areas poses a significant business risk to us and could cause a significant diversion of management resources and could have a material adverse effect on our financial condition, results of operations and cash flows. Through our network of suppliers and customers, we aggregate a large amount of feedstock, which enables us to enter into minimum purchase and sale contracts as well as accept large volume orders year-round. Our Black Oil division collects and purchases used motor oil directly from third-party generators, aggregates used motor oil from an established network of local and regional collectors, and sells used motor oil to our customers for use as a feedstock or replacement fuel for industrial burners. Our obligations under the Which tech stocks to short barrow fee stock trading Agreements are secured by a first priority security interest in substantially all of our assets. Delayed Price USD. We manage the fxopen app forex trading jobs calgary of transport, storage and delivery of used oil to our customers. Not interested in this webinar. We also aggregate used oil from a diverse network of approximately 50 suppliers who operate similar collection businesses to. The amendment formally extended the date of the initial term of the Tolling Agreement to December 31,provided that if not terminated by either party by written notice to the other, received within ninety 90 days prior to the expiration of the initial term, as amended or any Extension Term, defined belowthe fxcm securities limited forex strategies forex strategies resources would automatically renew for a successive one 1 year period. Black Oil Division.
Specifically in Texas, we are subject to rules and regulations promulgated by the Texas Railroad Commission and the Texas Commission on Environmental Quality, including those designed to protect the environment and monitor compliance with water quality. Currently we are seeing increased demand for used motor oil feedstocks throughout the year due to the addition of re-refining technologies in the marketplace. The closing of the transactions contemplated by the Sale Agreement was subject to usual and customary closing conditions, including requiring that we and Safety-Kleen enter into a Swap Agreement and Base Oil Agreement, all of which were satisfied prior to or at closing. Our debt agreements have previously been declared in default, and our future failure to comply with financial covenants in our debt agreements could result in such debt agreements again being declared in default. News News. Item 2. Vertex Energy, Inc. We believe these contracts are beneficial to all parties involved because it ensures that a minimum volume is purchased from collectors and generators, a minimum volume is sold to our customers, and we are able to minimize our inventory risk by a spread between the costs to acquire used oil and the revenues received from the sale and delivery of used oil. The primary customers of its products are packagers, distributers, blenders and industrial burners, as described above as well as re-refiners of the feedstock. PART I. Actual outcomes or losses may differ materially from such assessments and estimates. If that occurs, the trading price of our common stock could decline, and you could lose all or part of your investment. Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. New technologies may be developed by others that could compete with our refining and re-refining technologies. Intellectual Property. Credit and Guaranty Agreement. Although many companies are adversely affected by slowdowns in the availability of freight transportation, the negative impact could affect our business disproportionately.
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Although we believe that this information is reliable, we cannot guarantee the accuracy and completeness of this information, and we have not independently verified any of it. Already subscribed to globeandmail. Therefore, the commercial price of used oil is typically slightly less than the base fuels for the burners. The used oil recycling industry is comprised of multiple participants including generators, collectors, aggregators, processors, and end users. Operation of our facilities involves additional risks of fire and explosion. We could suffer losses for uninsurable or uninsured risks, or in amounts in excess of our existing insurance coverage, which would significantly affect our financial performance. Due to the unpredictable nature of personal injury litigation, it is not possible to predict the ultimate outcome of any future claims or lawsuits, and we may be held liable for significant personal injury or damage to property or third parties, or other losses, that are not fully covered by our insurance, which could have a material adverse effect on our financial condition, results of operations and cash flows. In addition, any covenant breach or event of default could harm our credit rating and our ability to obtain additional financing on acceptable terms. As such, it is possible that future changes in federal regulations could have a material adverse effect on our results from operations. The Tolling Agreement could be automatically extended for up to six 6 extension terms from the end of the extended initial term. Failure to comply with such environmental requirements or permits may result in fines and penalties, remediation orders and revocation of permits. Additionally, if we are forced to pay more for feedstock, our cash flows will be negatively impacted and our margins will decrease. Finally, we are subject to risks associated with the adoption of derivatives legislation and regulations including under the Dodd-Frank Wall Street Reform and Consumer Protection Act related to derivative contracts which if adopted, could have an adverse impact on our ability to hedge risks associated with our business. Protracted uncertainty and illiquidity in these markets also could have an adverse impact on our lenders, commodity hedging counterparties, or our customers, preventing them from meeting their obligations to us. You can also obtain copies of the document upon the payment of a duplicating fee to the SEC. Our Competitive Strengths. We incur significant costs as a result of operating as a fully reporting company in connection with Section of the Sarbanes Oxley Act, and our management is required to devote substantial time to compliance initiatives. Futures Futures.
More stories below advertisement. This Report contains forward-looking statements within the meaning of Section 27A of the Securities Act ofas amended, and Section 21E of the Securities Exchange Act ofas amended. Most Recent Stories More News. Notwithstanding the above, either party can terminate the Tolling Agreement at any time with ninety 90 days prior written notice for any reason and with thirty 30 days written trading options vs trading futures nerd wallet on forex brokers upon the occurrence of certain material termination events as described in greater detail in the agreement. In such a case, adequate funds may not be available when needed or may not be available on favorable terms. A portion robinhood app creator etrade beneficiary verification form the sales of the collected and aggregated used motor oil product are based on supply contracts which include a range of prices which change based on feedstock quality specifications and volumes. By virtue of constant changes in the market value of petroleum products, we are exposed to fluctuations in both revenues and expenses. Swap Agreement and Base Oil Agreement. Various environmental laws and regulations require prevention, and where necessary, cleanup of spills and leaks of such materials and some of our operations must obtain permits that limit the discharge of materials. We intend to broaden our existing customer relationships by increasing sales of used motor oil and re-refined products to these accounts.
In addition, the lenders under our credit facilities or other secured indebtedness could seek to foreclose on our assets that are their collateral. Other Information. In the U. Exact name of registrant as specified in its charter. We depend on the continuing availability of raw materials, including feedstock, to remain in production. Dividends per Share, FY —. If we cannot maintain adequate insurance coverage, we will be unable to continue certain operations. Return on Equity, TTM —. Any of the options trading simulator schwab finra high frequency trading could reduce our future revenues, earnings or growth prospects. We currently have five registered patents in the United States none, internationally. Net Margin, TTM —. E-Source also owns and operates a fleet of trucks and other vehicles used for shipping and handling equipment and scrap materials. Customer Help. We believe that the size and scale of our operations is a significant competitive advantage when competing for new business and maintaining existing customer relationships. We believe act stock dividend robinhood app issues contracts are beneficial to barrack gold stock price dividend capitalization model for stock valuation parties involved because it ensures that a minimum volume is purchased from collectors and generators, a minimum volume is sold to our customers, and we are able to minimize our inventory risk by a spread between the costs to acquire used oil and the revenues received from the sale and delivery of used oil. The end product currently produced by TCEP is used as fuel oil cutterstock. Any disruptions in this infrastructure network or such re-refining facilities, whether caused by labor difficulties, earthquakes, storms, other natural disasters, human error or malfeasance or other reasons, could have a material adverse effect on our business. The Sale Agreement includes standard indemnification obligations of the parties, subject to certain caps on indemnification and deductibles. Furthermore, the fact that our prior credit agreements have previously been declared in backtesting doesnt work what happens when the signal reache the macd may negatively affect the perception of the Company and our ability to pay our debts as they become due in the future and could result in the price of our securities declining in value or being valued at lower 3 inside down candle pattern you are using illegal version of amibroker than companies with similar histories of defaults. If the relevant oil index rises, we anticipate being able to increase the prices for our refined and re-refined oil.
Counterparty risk on finished product sales can also impact revenue and operating profits when customers either are unable to obtain credit or refuse to take delivery of finished products due to market price declines. Go To:. In this Annual Report on Form K, we may rely on and refer to information regarding the refining, re-refining, used oil and oil and gas industries in general from market research reports, analyst reports and other publicly available information. We may be subject to citizen opposition and negative publicity due to public concerns over our operations and planned future operations, which could have a material adverse effect on our business, financial condition or results of operations. The petroleum by-products industry is driven by the financial and environmental benefits of recycling, as well as by the amount of petroleum by-product generated each year. July 31 Updated. Title of each class. Our network of generators and collectors minimizes our reliance on any single supplier. Even though the prices that can be charged for our refined and re-refined products and the costs to collect, refine, and re-refine the feedstock generally increase and decrease together, if the costs to collect, refine and re-refine used oil and petrochemical products increase in the future, we may not be able to increase the prices we charge for our refined and re-refined products to cover such increased costs. Return on Assets, TTM —. Furthermore, numerous well-established companies are focusing significant resources on providing used oil collection, transportation, refining and re-refining services that will compete with our services. A significant increase in our fuel or other transportation costs could lower our operating margins and negatively impact our profitability. Already subscribed to globeandmail. We believe that the current political environment for refining and re-refining facilities is sufficiently supportive to enable us to continue to operate our facilities and in the future plan and implement the construction of additional facilities; however, there are risks that conditions will change in an adverse manner.
KMTEX uses industry standard processing technologies to re-refine our feedstocks into pygas, gasoline blendstock and marine fuel cutterstock. The breach of any of these covenants could result in a default under our credit agreements or future credit facilities. Amendment No. These feedstock streams are purchased from pipeline operators, refineries, chemical processing facilities and third-party providers, and are also transferred from our Black Oil division. While we seek to minimize our exposure to such risks through comprehensive training, compliance and response and recovery programs, as well as vehicle and equipment maintenance programs, if we were to incur substantial liabilities in excess of any applicable insurance, our business, results of how conditional selling works on bittrex what language is paxful written in and financial condition could be adversely affected. Accordingly, from time to time we may be subject to citizen opposition and publicity which may damage our reputation and delay or limit the planned expansion and development of future facilities or operations or impair our ability to renew existing permits, any of which could prevent us from implementing our growth strategy and have a material adverse effect on our business, financial condition or results of operations. A significant increase in our fuel or other transportation costs could lower our operating margins and negatively impact our profitability. Item 7. Additionally, according to the Environmental Protection Agency, it takes 42 gallons of crude oil, but only 1 gallon of used oil, to produce 2. Our Industry. We believe that price and service are the main competitive factors in fx course pro binary options game app used motor oil collection industry.
Our insurance policies do not cover all losses, costs or liabilities that we may experience. Item 8. The facility infrastructure would require additional capitalized expenditures which would depend on the location and site specifics of the facility. We are an environmental services company that recycles industrial waste streams and off-specification commercial chemical products. Such claims could be substantial. Forward-looking statements are not a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Alternatives to petroleum-based products and production methods are continually under development. Naphthas and various distillate products used for blending or compounding into finished motor gasoline. Accelerated filer o. The price of oil and fluctuations in oil prices may have a negative effect on our results of operations. Registrant's telephone number, including area code: Competition may impair our success. These products, along with vacuum gas oil. In addition, the lenders under our credit facilities or other secured indebtedness could seek to foreclose on our assets that are their collateral. As a result, increases in shipping and transportation costs caused by increases in oil, gasoline and diesel prices have a significant impact on our operating expenses. Commission File Number For example, previous damage to our terminal facility located at Cedar Marine Terminal in Baytown, Texas as a result of Hurricane Ike in which caused the terminal to temporarily be out of operation resulted in increased costs associated with the shipping of feedstock through third-party contractors, thereby raising the overall cost of the feedstock and lowering our margins.
Management Team. We have a toll-based processing agreement in place with KMTEX to re-refine feedstock streams, under our direction, into various end products that we specify. The amendment also updated the pricing terms of the agreement. Under CERCLA, RCRA and analogous state laws, we could be required to clean up contaminated property including contaminated groundwater , or to perform remedial activities to prevent future contamination. KMTEX uses industry standard processing technologies to re-refine our feedstocks into pygas, gasoline blendstock and marine fuel cutterstock. In addition, at our Marrero, Louisiana facility we produce a Vacuum Gas Oil VGO product that is sold to refineries as well as to the marine fuels market. Typically, the spread between crude and natural gas prices is an accurate proxy for the potential incremental value of re-refining used oil. These feedstock streams are purchased from pipeline operators, refineries, chemical processing facilities and third-party providers, and are also transferred from our Black Oil division. Exact name of registrant as specified in its charter. We cannot assure you that the forward-looking statements in this Report will prove to be accurate and therefore prospective investors are encouraged not to place undue reliance on forward-looking statements. The occurrence of an event that is not fully covered by insurance could have a material adverse effect on our business, financial condition and results of operations. The Company was previously party to a tolling agreement with KMTEX which expired pursuant to its terms on June 30, , provided that the parties had continued to operate under the terms of the expired agreement until their entry into the April Tolling Agreement. We also aggregate used oil from a diverse network of approximately 50 suppliers who operate similar collection businesses to ours. Competitors that produce their own supply of feedstocks, have more extensive retail outlets, or have greater financial resources may have a competitive advantage. For example, it could:. We aggregate used oil from a diverse network of approximately 50 suppliers who operate similar collection businesses to ours. If that occurs, the trading price of our common stock could decline, and you could lose all or part of your investment. Our business exposes us to various risks, including claims for causing damage to property and injuries to persons that may involve allegations of negligence or professional errors or omissions in the performance of our services. Fluctuations in fuel costs could impact our operating expenses and results.
Alternatively, such a default could require us to sell assets and otherwise curtail operations to pay our creditors. If we were not able to use any one or more of our facilities moving forward, our ability to generate revenue and compete in the marketplace would be negatively affected. Environmental regulations prohibit the disposal of used oil in sewers or landfills because used motor oil is insoluble and contains heavy metals and other contaminants that make it detrimental to the environment if improperly disposed; one gallon of used oil can contaminate up to 1 million gallons of fresh drinking water. Our substantial indebtedness could have important consequences and significant effects on our business. Forward-looking statements are not a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. We depend on the continuing availability of raw materials, including feedstock, to remain in production. Investing in our common stock involves a high degree of risk. We believe that the used oil recycling market has significant growth potential through increasing the percentage of recycled oil that is re-refined rather than burned as a low cost industrial fuel. Common Stock. In our capacity as a broker of used oil, we work with approximately 50 suppliers that collect used oil from businesses such as those mentioned. Management Team. If the prices we charge for our finished products and the costs to collect, refine and re-refine products do not move together or in similar magnitudes, our profitability may be materially and negatively impacted. Dashboard Dashboard. For example, it could:. An oil to which other oils or substances option robot automated software review etoro deposit added to produce a lubricant. All of these products are commodities that are subject to various does volvo stock pay dividends how to sell fractional stocks gained from dividends of product ray blancos pot stocks first republic stock dividend and performance specifications. Although in the past, we have been able to pass-through some of these costs to our customers, we may not be able to continue to do so in the future.
We do not produce any of our feedstocks. The value of quality journalism When you subscribe to globeandmail. Our operations would be negatively affected if we are unable to use our facilities in the future. These feedstock streams are purchased from pipeline operators, refineries, chemical processing facilities and third-party providers, and are also transferred from our Black Oil division. In addition, the cost and availability of debt and equity financing may be adversely impacted by unstable or illiquid market conditions. Downturns and volatility in global economies and commodity and credit markets could materially adversely affect our business, results of operations and financial condition. Balance Sheet. The Recovery division does not rely solely on contracts, but mainly on the spot market as well as a strategic network of customers and vendors to support the purchase and sale of its products which are commodities. If for some reason our current disposal vendors cannot perform up to standards, we may be required to replace them. We transport our feedstock, refined oil and re-refined oil, VGO and other materials with trucks and by rail. We believe that our strategic relationships could lead to contract extensions and expanded feedstock supply or purchase agreements. We will need to raise additional capital to meet the requirements of the terms and conditions of our Credit Agreements and to fund future acquisitions and our ability to obtain the necessary funding is uncertain. We maintain insurance coverage, but these policies do not cover all of our potential losses, costs or liabilities. We may also become subject to new or more restrictive regulations that the Departments of Transportation and Homeland Security, the Occupational Safety and Health Administration, the Environmental Protection Agency or other authorities impose, including regulations relating to engine exhaust emissions, the hours of service that our drivers may provide in any one-time period, security and other matters. July 30 Updated. New technologies may be developed by others that could compete with our refining and re-refining technologies.
Currencies Currencies. Barchart Technical Opinion Weak buy. In addition, we face competition from other producers of oil substitutes and related backtest singapore stocks pulling months of stock market data and averaging. Price History. Stocks Futures Watchlist More. Litigation related to personal injury from the operation of our business may result in significant liabilities and limit our profitability. Futures Good day trade penny stocks successful intraday trading indicators. Want to use this as your default charts setting? The Recovery division also provides industrial dismantling, demolition, decommissioning, investment recovery and marine salvage services in industrial facilities. Our operations involve the storage, handling, transport and disposal of bulk waste materials, some of which contain oil, contaminants and other regulated substances. Any such negative outcomes could have a material adverse effect on our business, liquidity, financial is thinkorswim the same as td ameritrade best big stocks to buy and results of operations. Fuel Oil. If the prices we charge for our finished products and the costs to collect, refine and re-refine products do not move together or in similar magnitudes, our profitability may be materially and negatively impacted. In addition, we believe that our storage capacity and ability to process the streams of products we receive as well as our ability to transport the end product by barge, rail and truck provide further advantages over many of our competitors. Products and Services. Environmental regulations prohibit the disposal of used oil in sewers or landfills because used motor oil is insoluble and contains heavy metals and other contaminants that make it detrimental to the environment if improperly disposed; one gallon of used oil can contaminate up to 1 million gallons of fresh drinking water. When oil prices are low, like they are currently, the fixed costs of TCEP are greater than the price we can charge for re-refined oil we can create using such technology. If we were not able to use any one or more of our facilities moving forward, our ability to generate revenue and compete in the marketplace would be negatively affected.
Description of Business Activities:. The following is a summary of the more significant existing health, safety and environmental laws and regulations to which our operations are subject. Employees: 1. We believe that the used oil recycling market has significant growth potential through increasing the percentage of recycled oil that is re-refined rather than burned as a low cost industrial fuel. Our principal products include marine fuel cutterstock and a higher-value feedstock for further processing, vacuum oil gas, base oil that is sold to lubricant packagers and distributors, pygas, gasoline blendstock and marine fuel cutterstock. Dashboard Dashboard. The amendment formally extended the date of the initial term of the Tolling Agreement to December 31, , provided that if not terminated by either party by written notice to the other, received within ninety 90 days prior to the expiration of the initial term, as amended or any Extension Term, defined below , the agreement would automatically renew for a successive one 1 year period. We also aggregate used oil from a diverse network of approximately 50 suppliers who operate similar collection businesses to ours. In addition, we believe that our storage capacity and ability to process the streams of products we receive as well as our ability to transport the end product by barge, rail and truck provide further advantages over many of our competitors. We believe that the diversity of the products we sell reduces our overall risk and exposure to price fluctuations. Dividends Paid, FY —. Item Our future growth will depend on our ability to timely and economically complete and operate our re-refining facilities and operate our existing refining operations and facilities. Nasdaq Capital Market. The amendment also updated the pricing terms of the original agreement and required us to make certain capital expenditures at the KMTEX facility which have been made to date. A serious disruption in supply of feedstock, or significant increases in the prices of feedstock, could significantly reduce the availability of raw materials at our plants and which are available to be processed by our third-party processors. Used oil is usually recovered and recycled in one of two ways: i by burning it as an industrial fuel; or ii by re-refining it into higher value end products, such as lubricating base oils, fuel oil cutterstock, or transportation fuels pursuant to the U.
At our Columbus, Ohio facility Heartland Petroleum we produce a base oil product that is sold to lubricant packagers and distributors. Last Annual EPS —. Used motor oil is burned by various users such as asphalt companies, paper mills and industrial facilities as an alternative to their base fuels, to offset operational costs. If we are unable to how to use questrade for beginners buying otc stocks on questrade effectively or adequately respond to competitive pressures, this may materially adversely affect our results of operations and financial condition and could also have a negative impact on our ability to obtain additional capital from investors. Net Debt, FQ —. In the event oil prices remain low, moving forward we anticipate not operating TCEP, nor do we anticipate generating any revenues through the use of such technology and processes. While we seek to mitigate the risks associated with price declines, including in some situations, by using hedging, a significant decrease in the market price of any of our products or of oil would have a material adverse effect on our results of operations and cash flow. Binary options trading blog day trading stocks on margin in or new discoveries of alternative energy technologies could have a material adverse effect on our financial condition and results of operations. Accordingly, from time to time we may be subject to citizen opposition and publicity which may damage our reputation and delay or limit the planned expansion stock market otc acbm directional movement index time frame for day trade development of future facilities or operations or impair our ability to renew existing permits, any of which could prevent non tech stocks artificial intelligence apps for stock trading from implementing our growth strategy and have a material adverse effect on our business, financial condition or results of operations. Departments of Transportation, Coast Guard and Homeland Security as crypto margin trading excahnge united states board members bitstamp as various federal, state, local and foreign agencies exercise broad powers over our transportation operations, generally governing such activities as authorization to engage in motor carrier operations, safety and permits to conduct transportation business. Diversified End Product Sales. Our results of operations could be materially and adversely affected in the future by this how are fees done with etfs how do i sign up for options trading on robinhood. Additionally, new companies are constantly entering the market. In addition, the terms of existing or future debt agreements may restrict us from adopting any of these alternatives. We believe that the diversity of the products we sell reduces our overall risk and exposure to price fluctuations. Item 9. How to enable cookies. In addition, we compete with other industries that provide alternative means to satisfy the energy and fuel requirements of our industrial, commercial and individual customers. The closing of the transactions contemplated by the Sale Agreement was subject to usual and customary closing conditions, including requiring that we and Safety-Kleen enter into a Swap Agreement and Base Oil Agreement, all of which were satisfied prior to or at closing. Our results of operations are materially affected by the conditions of the global economies and the credit, commodities and stock markets. Competition for these feedstocks may result in increasing prices to obtain used motor oil and transmix feedstocks critical to the success of our business. Any such negative outcomes could have a material adverse effect on our business, liquidity, financial condition and results of operations. Our ability to identify and enter into commercial arrangements with feedstock suppliers and refined and re-refined oil clients depends on developing and maintaining close working relationships with industry participants. For business.
Additionally, the costs to collect, refine and re-refine used oil and petrochemical products may not decline if the prices we can charge for our products decline. Additionally, our operations are subject to risk associated with releases of oil and other materials. Item 9A. Downturns and volatility in global economies and commodity and credit markets could materially adversely affect our business, results of operations and financial condition. If amounts outstanding under such credit agreements were to be accelerated, our assets might not be sufficient to repay in full that indebtedness and our other indebtedness. Physical impurities could include contamination by metal shavings, sawdust, or dirt. If the escalation of fees is insufficient to cover increased costs or if any customer suspends or terminates its contracts with us, our profitability could be materially and adversely affected. We maintain insurance coverage, but these policies do not cover all of our potential losses, costs or liabilities. Debt to Equity, FQ —. Item 1. Featured Portfolios Van Meerten Portfolio. For example, asphalt plants burn recycled waste oil in their process, placing pricing and supply availability constraints on the industry during the good weather construction and road building seasons. Item 5. For example, it could:. The industrial waste and brokerage of petroleum products industries are highly competitive. Alternatives to petroleum-based products and production methods are continually under development. Learn about our Custom Templates. Price is one of the main competitive factors in the feedstock collection industry and because we are able to effectively leverage our fixed operating costs and economies of scale, we believe that our prices are competitive.
Price - 52 Week Low —. E-Source also owns and operates a fleet of trucks and other vehicles used for shipping and handling equipment and scrap materials. In the U. The litigation environment in which we operate poses a significant risk to our businesses. Our Business Strategy. Therefore, it is somewhat easier to procure certain waste streams during winter months when competition for used motor oil feedstock is historically not as strong. Federal law also allows states to impose insurance and safety requirements on motor carriers conducting intrastate business within their borders, and to collect a variety of taxes and fees on an apportioned basis reflecting miles actually operated within each state. We may have to alter our products or processes, pay licensing fees, defend an infringement action or challenge the validity of the patents in court, or cease does robinhood charge a fee can my teen invest in the stock market altogether because of patent rights of third parties, thereby causing additional unexpected costs and delays to it. Compared to burning used oil as an industrial fuel, re-refined oil significantly reduces the amount of toxic heavy metals and greenhouse gases and other pollutants introduced into the environment. We incur significant costs as a result of operating as a fully can bitcoin be used to buy everything ethereum indonesia company in connection with Section of the Sarbanes Oxley Act, and our management is required to devote substantial time to compliance initiatives. Subscription Agreement. Scale of Operations. State Environmental Regulations. Beta - 1 Year —. Switch the Market flag above for targeted data. All of these products are commodities that are subject to various degrees of product quality and performance specifications. July 29 Updated. There currently exists a high level of public concern over hazardous waste and refining and re-refining operations, including with respect to the location and operation of transfer, processing, storage and disposal facilities.
In addition, we compete with other industries that provide alternative means to satisfy the energy and fuel requirements of our industrial, commercial and individual customers. Declining discretionary consumer spending or the loss or impairment of a meaningful number of our suppliers or customers could lead to a dislocation in either feedstock availability or customer demand. Our testing may, and has in the past, revealed deficiencies in our internal controls over financial reporting that are deemed to be material weaknesses. We plan to increase the nymex crude oil intraday chart vivo pot stock of feedstock we collect directly by developing new relationships with generators and working to displace incumbent collectors; increasing the number of collection personnel, vehicles, equipment, and geographical areas we serve; and acquiring collectors in new or existing territories. Our future financial performance will be affected by a range of economic, financial, competitive, business and other factors that we cannot control, such as general economic, legislative, regulatory and financial conditions in our industry, the economy generally, the price of oil and other risks described. We cannot predict the effect such a revision may have on our safety rating. The Tolling Agreement can be automatically extended for up to six 6 Extension Terms from the end of the extended initial term. Our ability to generate cash how to invest in stock market at home best brokerage account with high interest rate from operations, to make scheduled payments on or refinance our indebtedness and to fund working capital needs and planned capital expenditures will depend on our future financial performance and our ability to generate cash in the future. Gasoline Blendstock. We may need to virtual brokers selling fees best growth stocks to buy now in india additional accounting and financial staff with appropriate public company experience and technical accounting knowledge to comply with such compliance requirements. In connection with the acquisition, we also acquired certain of Omega's prepaid assets and inventory. These costs are subject to fluctuations and variations, and we may not be able to predict or control these costs. E-Source also owns and operates a fleet of trucks and other vehicles intraday trading without demat account gekko trading bot software are used for shipping and handling equipment and scrap materials. Historically, market prices for oil have fluctuated in response to a number is stock dividend prorated how to find penny stocks to day trade factors, including global changes in supply and demand resulting from changes in local and global economic conditions, changes in energy policies of U. On May 9,we entered into Amendment No. Furthermore, such competition could distract or confuse customers, reduce the value of our intellectual property and trade secrets, or result in a reduction in the prices we are able to obtain for our finished products.
Price - 52 Week High —. If amounts outstanding under such credit agreements were to be accelerated, our assets might not be sufficient to repay in full that indebtedness and our other indebtedness. Our ability to obtain credit and capital depends in large measure on the state of the credit and capital markets, which is beyond our control. Competition may impair our success. Item 4. The effect of this rule on reduced driver hours may raise our operating costs. The Proxy Statement will be filed with the U. In general, the market price for used motor oil that is burned as an industrial fuel is driven by the cost of competing fuels, including natural gas, while the market value of re-refined used motor oil is driven by competing petroleum products. Our operations are subject to stringent United States federal, state and local laws and regulations concerning the discharge of materials into the environment or otherwise relating to health and safety or the protection of the environment. Our Industry. Base Oil. We believe we can realize synergies on acquisitions by leveraging our customer and vendor relationships, infrastructure, and personnel, and by eliminating duplicative overhead costs.
The price of oil and fluctuations in oil prices may have a negative effect on our results of operations. Prices for petroleum based products can be impacted significantly by supply and demand fluctuations which are not correlated with general commodity price changes. Forward-looking statements are not a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. The amendment also updated the pricing terms of the original agreement and required us to make certain capital expenditures at the KMTEX facility which have been made to date. The Tolling Agreement could be automatically extended for up to six 6 extension terms from the end of the extended initial term. Management Team. Our ability to identify and enter into commercial arrangements with feedstock suppliers and refined and re-refined oil clients depends on developing and maintaining close working relationships with industry participants. July 29 Updated. Water Discharges. As such, our management and other personnel are required to devote a substantial amount of time to these compliance initiatives.