Vertex Energy (VTNR) is, primarily, a used motor oil re-refiner. When crude oil prices fell in late 2014, it was pummeled and all but buried in the aftermath. The company quickly lost 90% of its value. The share price still reflects the challenges and trials. Vertex Energy has reported a net loss since its 2014 third quarter.
Despite the challenges caused by the price of oil, the company expanded its business and strengthened its balance sheet. Vertex Energy has, indeed, executed an inspiring transformation. It even expected to be cash-flow positive by year-end 2017. But, hurricanes, largely, tripped up that plan.
As oil prices rise, it's natural to predict the company's transformation will eventually be rewarded. But, have no doubt - there are upcoming catalysts that will, once again, change the trajectory of this UMO re-refiner's business.
