Courtesy of The Market Guardian
Rentech, Inc. (RTK) CEO will be on CNBC tonight talking about the recent Jet Fuel news. You can watch this interview on CNBC’s Kudlow & Company at 7pm EST tonight.
(BUSINESS WIRE)–Rentech, Inc. (NYSE AMEX: RTK) announced today that it has signed an unprecedented multi-year agreement to supply eight airlines with up to 1.5 million gallons per year of renewable synthetic diesel (RenDiesel®) for ground service equipment operations at Los Angeles International Airport (LAX) beginning in late 2012, when the plant that will produce the fuel is scheduled to go into service.
Synthetic-fuels developer Rentech Inc. signed a multi-year deal to supply eight airlines at Los Angeles International Airport with up to 1.5 million gallons per year of renewable synthetic diesel.
This is the first-of-its-kind deal to supply renewable synthetic fuels to multiple domestic airlines. Rentech said that the renewable diesel fuel will have a carbon footprint of near zero. It’s a boon for the airline industry which suffers drastically when fuel prices increase due to traditional fuel-production problems such as terror attacks in the Middle East, refinery fires or hurricanes in the Gulf of Mexico. Source Triangle Business Journal
We are looking for a major gap up tomorrow morning with a $3.20 Price target.
Market Club has a very interesting take on how RTK is playing out after the past volume surge. The “Trade Triangles” paint the picture. CLICK HERE and just enter the ticker (RTK) your name and e-mail address for the FREE No strings Attached Report sent realtime to your in-box!
Strong Uptrend RENTECH INC (AMEX:RTK)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
