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World Biofuels
Symposium
November 13-15, 2005
Beijing, China
2nd Annual Canadian Renewable Fuels Summit
December 13-15, 2005
Toronto, Ontario, Canada
Hosted by:
Candadian Renewable Fuels
Association
National Biodiesel
Conference & Expo 2006
February 5-8, 2006
San Diego, California
Organizer:
National Biodiesel Board
11th Annual
National Ethanol Conference: "Policy & Marketing"
February 20-22, 2006
Las Vegas, Nevada, USA
Sponsored by:
Renewable Fuels Association
22nd
Annual International Fuel Ethanol Workshop & Expo
June 20-23, 2006
Milwaukee, Wisconsin, USA
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Posted on
October 16, 2000ADM Seen Rising to 12-Share With New Products, Barron's Says
Archer Daniels Midland Co. shares may rise about 25 percent to 12 a share as one of the world's largest grain processors is poised for a turnaround, Barron's reported, citing analysts on the stock price estimates.
Prices for ADM's major goods, such as corn, soybeans and wheat, have become more stable and the company has developed new food and animal-feed products, such as vitamin and mineral supplements, Barron's reported.
The paper also said that ADM Chief Executive G. Allen Andreas expects demand for ethanol, one of the company's top-selling products, to climb because of rising gasoline prices, Barron's reported. Credit Suisse First Boston Inc. analyst Dave Nelson sees ADM stock as worth $12 a share, Barron's said. Merrill Lynch & Co. analyst G. Leonard Teitelbaum has set $12 as the per-share price target for ADM, the paper said.
ADM shares rose 31 cents to 9.56 Friday.
Chevron To Buy Texaco for $35B
Chevron Corp. is buying rival Texaco Inc. for $35 billion in a stock swap that will create the world's fourth-largest oil company.
The combined company will be called ChevronTexaco Corp., and joins the ranks of other industry powerhouses formed by similar mergers: Exxon Mobil Corp., Royal Dutch/Shell Group and BP Amoco PLC.
The proposed marriage between the No. 2 and No. 3 U.S. oil companies comes against a backdrop of record oil industry profits and intensifying anxiety about rising gas prices.
A combined Chevron and Texaco would have $66.5 billion in revenue, based on 1999 figures. Through the first half of 2000, the two companies earned a combined $3.4 billion.
To win government approval of the deal, ChevronTexaco will likely have to sell several U.S. refineries and hundreds of gas stations, particularly on the West Coast. Without divestitures, ChevronTexaco would control 40 percent of the West Coast retail market and one-third of the region's refinery capacity.
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