VeraSun Energy files voluntary petitions for relief under chapter 11 to enhance liquidity - Quick Facts
(RTTNews) - VeraSun Energy Corp. (VSE) said on Friday that it and 24 of its subsidiaries have filed voluntary petitions for relief under chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware to enhance liquidity while they reorganize.
During the chapter 11 proceedings, VeraSun intends to resume normal operations. The company has taken steps to ensure continued supply of product to its custome
Target: 10.00 VeraSun Energy Corporation engages in the production and sale of ethanol and its co-products in the United States. Ethanol is primarily used as a blend component in the gasoline fuel market. The company's ethanol co-products include wet and dry distiller grains with solubles, which are used as animal feed; and corn oil that is used as an animal feed, as well as to produce biodiesel. It also markets VE85, an ethanol blended fuel through arrangements with gas distributors and retailers. The company was founded in 2001 and is based in Brookings, South Dakota.
Ethonal is a bogus alt energy. In time we will look back and laugh at the idea of using this inferior product. The only thing to keep it a float is government conctracts/mandate. The only thing draggin it down is production cost, rising cost of corn, lack of fuel effienciey, general move away towards BETTER alt energies... (the list goes on)
The fact is there are some instances where ethanol can be proven to be beneficial (e.g. in a drink), and VSE's going to be a big part of the mix. This is on the verge of a reversal of trend once again, and can not be ignored.
This post was writtenby Minyanville contributor Ryan Krueger.
Looks like Verasun Energy Corp. (NYSE: VSE), a formerly popular ethanol stock and second largest producer, has won court permission to cancel contracts signed to purchase corn. It is now in bankruptcy. I'm also hearing about a lot of excess ethanol funded by your tax dollars being sold to other countries. That worked out well.
The mistaken policy and debates are endless, the trades are what I am chewing on instead. I think consumers of corn at lower prices a
Archer Daniels Midland (ADM) said Tuesday that first-quarter earnings were $1.05 billion, or $1.63 a share, compared to $441 million, or 68 cents a share, in the same period a year ago. Net sales rose 65% to $ 21.16 billion for the quarter ended September 30, mostly due to higher average selling prices resulting primarily from year-over-year increases in underlying commodity costs. Analysts polled by FactSet Research estimated, on average, earnings per share of 67 cents and sales of $15.79 billion.
"This record quarter again demonstrates the ability of our people to...
Archer Daniels Midland (ADM) said Tuesday that first-quarter earnings were $1.05 billion, or $1.63 a share, compared to $441 million, or 68 cents a share, in the same period a year ago. Net sales rose 65% to $ 21.16 billion for the quarter ended September 30, mostly due to higher average selling prices resulting primarily from year-over-year increases in underlying commodity costs. Analysts polled by FactSet Research estimated, on average, earnings per share of 67 cents and sales of $15.79 billion.
"This record quarter again demonstrates the ability of our people to...
StemCells (Nasdaq: STEM) 53.5% HIGHER; not hearing any news from the company, but the stock is seeing extremely heavy volume this morning: the stock has already traded about 5 million times, which compares to its average daily volume of about 670K.VeraSun Energy (NYSE: VSE) 52.1% LOWER; The ethanol producer announced the Company and 24 of its subsidiaries have filed voluntary petitions for relief under chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware to enhance liquidity while they reorganize.Hartford Financial Services Group, Inc. (N...
VeraSun Energy (NYSE: VSE) 58% LOWER; The ethanol producer announced the Company and 24 of its subsidiaries have filed voluntary petitions for relief under chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware to enhance liquidity while they reorganize.
AtriCure, Inc. (Nasdaq: ATRC) 25% LOWER; received a letter on October 27, 2008 from the U.S. Department of Justice-Civil Division informing the Company that the DOJ is conducting an investigation for potential False Claims Act and common law violations relati
VeraSun's Management is DIRTY
- I bought Verasun shares more than a year ago, but I dumped the shares as soon as it became clear that Verasun’s management is dirty.
First, in May ...
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