Seeking Alpha

Codexis (CDXS -20%) shares are crushed after the biofuels maker says in its Q2 report that it...

Codexis (CDXS -20%) shares are crushed after the biofuels maker says in its Q2 report that it won’t receive further funding from Royal Dutch Shell (RDS.A, RDS.B) for research into converting biomass to fuel. Shares are cut to Neutral from Outperform at Credit Suisse.
Comments (1)
  • retired358
    , contributor
    Comments (105) | Send Message
     
    Not necessarily that the process is flawed but, with nat. gas prices (especially in the US) where they are, just not cost competitive...as are many other processes that convert a raw material to usable energy and are technically feasible.

     

    Further, in the US, we should no longer (and should not have in the first place), subsidized one commercial process over another. Wind and food (corn) to fuel (ethanol) are among the worst processes (economically and morally, in the case of corn) that have been subsidized.

     

    Let the market determine the winners. If we feel that we must subsidize unconventional/renewable processes, let the incentives be equal for all potential processes.
    10 Aug 2012, 01:20 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|