Ethanol is a liquid alcohol obtained from fermenting sugar, or starch converted to sugar. In Canada and the U.S., fuel ethanol is made from grains such as corn, wheat and barley. Small quantities have been made on an experimental basis from low-cost agricultural cellulosic biomass, like trees and grasses.
Ethanol can be used as a fuel for cars in its pure form, but it is usually used as a gasoline additive to increase octane and improve vehicle emissions.
Relative to gasoline, ethanol fuels reduce greenhouse gas emissions. Ethanol is made from plants, which absorb carbon dioxide during their growth. On a full fuel cycle (i.e. from plant growth to use of the fuel in a vehicle), a 10% ethanol-gasoline blend is estimated to reduce greenhouse gas emissions by up to 4% if the ethanol is made from grains, and up to 8% if it is made from cellulosic biomass. Blends with 85% ethanol can reduce emissions by 60% to 80%.
Ethanol as fuel has a lot of conceptual appeal, especially with investor interest rising for non-hydrocarbon (coal, oil and gas), lower-polluting energy sources. However, many companies focusing on ethanol will have difficulty showing profits for a number of years. Several new ethanol plants will open in the next few years, which could lead to oversupply and lower prices. A drop in oil prices could also undercut ethanol’s appeal.
There’s room for ethanol stocks in your portfolio, but at TSI Network we recommend our three-part Successful Investor strategy:
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Shares of Archer Daniels Midland hit a record high of $69 in early June. That’s because its new focus on value-added products continues to lift its earnings. We expect the shares will resume their upward trend as restaurants re-open and rising automobile travel spurs ethanol… Read More
International Flavors & Fragrances recently completed its merger with the nutrition and biosciences business of DuPont. This follows another major purchase—the company’s 2018 acquisition of Frutarom, an Israel-based maker of flavourings.
As we often remind investors, using acquisitions to expand adds risk. However, these two purchases… Read More
ARCHER DANIELS MIDLAND CO. $63 is a buy. The stock (New York symbol ADM; High-Growth Payer Portfolio, Manufacturing & Industry sector; Shares outstanding: 558.5 million; Market cap: $35.2 billion; Dividend yield: 2.3%; Dividend Sustainability Rating: Above Average; www.adm.com) processes corn, wheat, soybeans, flax seed, peanuts and other crops into… Read More
A Member of Pat McKeough’s Inner Circle recently asked for his advice on the world’s largest maker of agricultural equipment.
Pat likes the company’s long-term prospects when demand for global agricultural equipment rises. However, he notes short term opportunities are limited despite a new focus on… Read More
A: Deere & Co., $262.66, symbol DE on New York (Shares outstanding: 313.4 million; Market cap: $81.8 billion; www.deere.com), started up in 1837 when its founder, John Deere, began making polished-steel plows at his blacksmith shop in Grand Detour, Illinois.
Today, the company is the world’s… Read More
COVID-19 has highlighted the importance of the global food supply chain and this firm’s role within it as a crop processor and natural ingredient supplier.
The company is in a strong position to expand its profits as more countries re-open their economies.
ARCHER DANIELS MIDLAND CO. (New… Read More
COVID-19 continues to highlight the importance of ingredient producer Archer Daniels Midland to the global food supply chain. At the same, however, lower demand for gasoline has forced it to put off any potential spinoff of its ethanol business. Even so, we feel the company… Read More
A: Deere & Co., $159.20, symbol DE on New York (Shares outstanding: 312.9 million; Market cap: $50.1 billion; www.deere.com), started up in 1837 when its founder, John Deere, began making polished-steel plows at his blacksmith shop in Grand Detour, Illinois.
Today, the company is the world’s… Read More
POWER CORP. $25 is a buy. The conglomerate (Toronto symbol POW; Conservative-Growth Dividend Payer Portfolio, Finance sector; Shares outstanding: 621.4 million; Market cap: $15.5 billion; Dividend yield: 7.2%; Dividend Sustainability Rating: Above Average; www.powercorporation.com) last raised its quarterly dividend by 10.5% with the May 2020 payment, to $0.4475 a.. Read More
HP INC. $15 is a hold. The company (New York symbol HPQ; Manufacturing sector; Shares outstanding: 1.4 billion; Market cap: $21.0 billion; Dividend yield 4.5%; Takeover Target Rating: Medium; www.hp.com) took its current form on November 1, 2015, when the old Hewlett-Packard Co. split into two firms—HP Inc. (which… Read More
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What personal information do we collect?
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Does TSI Network Use the Information It Receives?
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Changes to this Policy
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