Professional
Added to YB: 2024-04-25
Pitch date: 2024-04-24
CLMT [bullish]
Calumet, Inc.
+128.11%
current return
Author Info
No bio for this author
Company Info
Calumet, Inc. manufactures, formulates, and markets a diversified slate of specialty branded products and renewable fuels to various consumer-facing and industrial markets in North America and internationally.
Market Cap
$2.3B
Pitch Price
$15.37
Price Target
108.00 (+208%)
Dividend
N/A
EV/EBITDA
14.78
P/E
-69.20
EV/Sales
1.19
Sector
Oil, Gas and Consumable Fuels
Category
special_situation
Crossroads Capital Portfolio Holding: Calumet Specialty Products Partners, L.P.
CLMT: SAF refinery Montana Renewables (MRL) facing challenges in 2023 but conversion to C-Corp, DOE loan, and monetization on horizon. No loan: $43/share. $1B loan: $78/share (base case), $108/share if expansion to 21.5k bpd. Mgmt incentives align with max value creation. Wide range of positive outcomes.
Read full article (7 min)