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Microcap & Penny Stocks : Rentech(RTK) - gas-to-liquids and cleaner fuel -- Ignore unavailable to you. Want to Upgrade?


To: ChrisJP who wrote (10462)10/8/1998 9:44:00 PM
From: Zeev Hed  Read Replies (1) | Respond to of 14347
 
Chris, I do not know the details of the economics of the "bottoms" and you may be right that these do not depend on the price of crude. Do you know how much "bottoms" you get in a typical, let say, 50,000 barrel per day refinery? How are bottoms disposed off now? as asphalt and tar products? or are these simply burned? I would guess that there is an economical differential between current practice and conversion of the bottoms to saleable liquid hydrocarbons and that this differential would depend on the current price of "normal" liquid hydrocarbons.

Zeev



To: ChrisJP who wrote (10462)10/8/1998 9:46:00 PM
From: SEAN007  Respond to of 14347
 
Chris you will have to wait until the 8k to see any more details. They will not release them because of ongoing negoitations. We dont need details right now. We need to rejoice because the deal is done.



To: ChrisJP who wrote (10462)10/8/1998 10:23:00 PM
From: CYBERKEN  Respond to of 14347
 
You are quite correct. The refinery bottom is an industrial waste with an increasingly NEGATIVE value to it's owner. It is converted into a clean-burning fuel with a positive value. The relative positive value (based on fuel prices) is of residual significance.