Opinions
Robert McWhirter
Cielo Waste Solutions Inc
CMC-X
BUY
Apr 12, 2021
It's one of his largest holdings. The risk he mentioned last time was in CMC getting their sulfur level below 15 parts a million so they can sell their biodiesel at a premium. Their recent update stated that they have resolved this issue. They're scheduled to test this new de-sulpherization process my end-June. They plan to double their capacity at one plant and building a new plant in Edmonton. He remains very optimistic and sees a huge opportunity to convert landfill and plastics into biodiesel. They pre-sold one contract worth $1.5 million. He targets $8 assuming they get these plants running on time.
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Their green technology is fascinating, taking waste, grind it with a solution to extract petrochemicals and turn this into biodiesel which they sell into the market. They're bringing a bigger facility onstream. If they pull this off, it will generate a huge amount of cash. He's certainly watching it.
Energy
BUY
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Has not had revenues and cash flow is negative. Investors are expecting better things down the road with a market cap of $800M and a stock price that had good momentum. Assuming it lands partnerships, it should have its capital needs met. Should be cash flow positive in the future. Unlock Premium - Try 5i Free
Energy
COMMENT
Has certainly been volatile. As it started to move up, there was a lot of interest in their renewable diesel. However, there was a short report that called into question of the company, as well as the plant delay due to the catalyst that was not mixed properly. Could take a chance on it and if all things go well, then it can move up. However, he is holding off until he sees these aspects become more concrete.
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