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Why I Like Vertex Energy (VTNR) Despite The Warning Signs

Some technologies, even some industries, seem to be always on the verge of a breakthrough. The energy sector is particularly prone to this. If you believe the hype, then we are always about to experience some fundamental shift that will change our lives forever, and if you just buy in to one of the struggling companies seeking to exploit this wonderful new technology, you too can be fabulously wealthy! The truth in these predictions, at least to date, can best be gauged by the fact that Exxon Mobil (XOM) made $9.1 Billion in the first quarter of 2014.

For that reason I hesitate to talk positively about a stock in one of those industries that we have probably all been told are “revolutionary”.  This is especially true when the stock is extremely volatile and is on the way back down after nearly tripling in a three and a half month period. While we are on reasons not to trust this thing, how about a market cap of less than $220 Million, or a recent dilution of the stock by a $17.1 Million private placement of shares that caused a one day 14% drop.

All of these negatives apply to Vertex Energy (VTNR) but I still like it. Vertex is in the oil re-refining business. They provide recycling solutions to businesses and take used oil and other waste products and make them into something useful. The green nature of this business makes it a candidate for over hype, and I for one have been told before that re-cycling industrial waste is the next big thing,…

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