Calumet released an operational update last week and it looks like things continue to improve with the Montana Renewables (MRL) segment. Production volumes were up each month, and the inflection of MRL is one of the catalysts I laid out in my deep dive. From the commentary in the news release, it looks like the inflection will become more obvious to investors with the Q2 financials.
If they finish the MLP conversion and potentially get a low-interest rate loan from the DOE, I think the share price could be significantly higher over the next 12 months. They also got a $25 price target from an investment bank I’ve never heard of (HC Wainwright), so shares are up more than 5% today as I’m writing this.
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Calumet released an operational update last week and it looks like things continue to improve with the Montana Renewables (MRL) segment. Production volumes were up each month, and the inflection of MRL is one of the catalysts I laid out in my deep dive. From the commentary in the news release, it looks like the inflection will become more obvious to investors with the Q2 financials.
If they finish the MLP conversion and potentially get a low-interest rate loan from the DOE, I think the share price could be significantly higher over the next 12 months. They also got a $25 price target from an investment bank I’ve never heard of (HC Wainwright), so shares are up more than 5% today as I’m writing this.