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GreenHunter Energy (GRH +6.9%) is initiated at Outperform with a $3 target at Boenning &...

GreenHunter Energy (GRH +6.9%) is initiated at Outperform with a $3 target at Boenning & Scattergood, which cites operations in major shale plays led by Appalachia and recent Eagle Ford acquisitions. The firm says revenue and earnings growth will be driven by continued expansion of services in all plays, acquisitions and utilization of assets including SWD and trucking.
Comments (2)
  • Renewable Energy Group (REGI) is a better play for this year. 8K was released under the radar on January 8th - they project that the retroactive 2012 biodiesel blender tax credit will allow them to book in the current quarter revenues equal to 1/3 of gallons biodiesel sold, which amounts to about $60M into 30M sharecount, for about $2 added to quarterly EPS for Q ending 03/31/13. For 2013 expect maybe 30% higher blender credit (due to acquisitions in 2012 and due to 28% hike in annual RFS2 biodiesel federal mandate).

     

    Bottom line is for the current year EPS should easily attain $4.60 just from the credits, factoring in organic profits if soybean yields are normal will only add more to the bottom line. So FWD P/E is 1.35 here - I see a double or triple in REGI this year.
    11 Jan 2013, 12:35 PM Reply Like
  • Dude stop pumping your stock holding everywhere.
    11 Jan 2013, 12:39 PM Reply Like
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