Latest news with #Calumet
Yahoo
14-05-2025
- Sport
- Yahoo
Fort Cobb-Broxton tops Calumet for Oklahoma high school baseball Class B title three-peat
SHAWNEE — Eli Willits and his Fort Cobb-Broxton teammates live and breathe baseball. The Mustangs spend countless hours on the field and have essentially been playing together their whole lives. The result has been the development of a powerhouse in Class B baseball. Advertisement 'We come to the field every day ready to work, ready to learn something new,' said Willits, the fourth-ranked prospect in the 2025 MLB Draft, according to 'And to know that our hard work and dedication to the game has paid off, I wouldn't want to do it with anyone else.' Fort Cobb-Broxton wrapped up another season to remember Saturday as the top-ranked Mustangs beat No. 2 Calumet 9-2 in the championship game at Shawnee High School. Fort Cobb-Broxton (26-9) has now won three straight titles and five overall in the spring. The Mustangs also completed a three-peat in the fall, giving them all six titles in spring and fall since 2022. Advertisement Oklahoma high school baseball: Classes A-I, A-II and B state tournament schedule, scores Fort Cobb-Broxton edged Calumet 2-1 in last year's title game, but it was a different story this time. The Mustangs overwhelmed Calumet (18-10). Willits, a senior OU signee, got things rolling in the top of the first inning with a triple off Calumet senior Kyler Thiessen before scoring on a groundout by senior Tanner McAdoo. Fort Cobb-Broxton added two runs in the second frame before pulling away with a five-run fifth inning, while Fort Cobb-Broxton senior Blaine Bellamy dominated on the mound. He pitched all seven innings, allowed just two hits and struck out two, which were the final batters he faced. Advertisement 'I knew I wasn't going to strike a whole lot of them out,' Bellamy said. 'I just trust the guys behind me. I know they're going to make plays.' Bellamy is the nephew of Fort Cobb-Broxton coach Dale Bellamy. Dale was proud of his guys Saturday. 'That's what they work for all year long,' he said. 'From the first one they won to this one, they've got in there and competed and worked their butts off all fall, spring, summer to get where they're at here.' Vote: Who will be Oklahoma high school baseball player of the year? Fort Cobb-Broxton's Breylan York (20) celebrates after Fort Cobb-Broxton beat Calumet during a OSSAA Class B baseball championship game at Shawnee High School in Shawnee, Okla., on Saturday, May 10, 2025. Willits finished 2 for 4 at the plate and drove in one run, while McAdoo went 3 for 5 and had four RBIs. Advertisement Sophomore Kohlton Baker also had three hits and finished 3 for 4. 'It's the best feeling,' Blaine Bellamy said. 'To end it beside some guys that I can call my brothers now, it's just a bond that won't be broken.' Fort Cobb-Broxton has a tight group, and the Mustangs' chemistry is something they value as much as anything. 'It starts at the top with Coach Bellamy,' said Willits, the son of OU associate head coach and former big leaguer Reggie Willits. 'He's a great coach. He's a great leader. So just having him involved in everything, we have team bonding all the time. We make sure to show up to practice ready to learn. He's a great coach, and I wouldn't want to play for anyone else.' Advertisement Nick Sardis covers high school sports for The Oklahoman. Have a story idea for Nick? He can be reached at nsardis@ or on Twitter at @nicksardis. Sign up for The Varsity Club newsletter to access more high school coverage. Support Nick's work and that of other Oklahoman journalists by purchasing a digital subscription today at This article originally appeared on Oklahoman: Fort Cobb-Broxton tops Calumet for OSSAA Class B baseball title
Yahoo
13-05-2025
- Business
- Yahoo
Calumet Renewables Expansion Is Unlocking Value: Analyst
BofA Securities analyst Conor Fitzpatrick initiated coverage on Calumet, Inc (NASDAQ:CLMT) with a Buy rating and a price forecast of $15. The analyst noted that Calumet's Montana Renewables unit is advancing its MaxSAF project to boost sustainable aviation fuel output from ~40 million to over 250 million gallons annually, aiming to tap into stronger pricing and subsidy benefits over renewable diesel and petroleum. According to Fitzpatrick, the expansion is expected to nearly double EBITDA from 2025 to 2027 and is supported by interest-free DOE loans, reducing execution plans to monetize the asset to cut debt, which could bring parent leverage below 2.5x through deconsolidation and repayment. The analyst pointed out that Calumet underperformed during the ramp-up of its biofuels unit, Montana Renewables, due to margin pressure, but recent developments may shift momentum. Reports suggest that the Environmental Protection Agency is preparing to increase demand for Renewable Identification Numbers, or RINs, beginning in 2026, following lobbying from oil and agricultural interests. Meanwhile, California is in the process of re-approving measures to boost demand for Low Carbon Fuel Standard, or LCFS credits. Prices for RINs have approximately doubled since December 2024, and the analyst expects them to remain within a favorable range, with some upside potential as regulatory developments advance. A recovery in demand for LCFS credits is also anticipated, which would support higher margins. For the investment thesis to materialize, the analyst notes that the company must demonstrate margin recovery in financial performance, achieve meaningful volume growth at MRL, and make tangible progress toward monetizing MRL and reducing overall leverage. Price Action: CLMT shares are trading higher by 5.84% to $13.89 at the last check on Tuesday. Image by Phongphan via Shutterstock Date Firm Action From To Feb 2022 HC Wainwright & Co. Maintains Buy Nov 2021 Wolfe Research Upgrades Peer Perform Outperform Nov 2021 Cowen & Co. Upgrades Market Perform Outperform View More Analyst Ratings for CLMT View the Latest Analyst Ratings Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? CALUMET (CLMT): Free Stock Analysis Report This article Calumet Renewables Expansion Is Unlocking Value: Analyst originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
Yahoo
14-04-2025
- Business
- Yahoo
Calumet, Inc. (CLMT): A Bull Case Theory
We came across a bullish thesis on Calumet, Inc. (CLMT) on Twitter by Zerosumgame33. In this article, we will summarize the bulls' thesis on CLMT. Calumet, Inc. (CLMT)'s share was trading at $9.91 as of April 11th. CLMT's trailing and forward P/E were 23.06 and 11.35 respectively according to Yahoo Finance. A technician in a protective suit testing a variety of different lubricants and filters. Calumet Specialty Products (CLMT) has undergone a punishing 50% drawdown, primarily due to its leveraged equity structure and fears of a recession weighing on already depressed—but ultimately temporary—margins. A wave of selling was triggered by event-driven funds exiting after a Department of Energy (DOE) catalyst, exacerbated by a lack of institutional support and nearly 10 million shares shorted. Despite this, the long-term bull thesis remains intact. The key driver is an imminent margin inflection in the biodiesel (BD) market, where the supply-demand imbalance is becoming acute. Based on January EPA data, BD production fell by ~150 million gallons in a single month, pushing total supply below the 2025 Renewable Volume Obligation (RVO) level. With the D4 RIN bank likely to be exhausted within months, this sets the stage for a sharp recovery in margins as demand exceeds supply. Montana Renewables (MRL), CLMT's crown jewel, is in a uniquely advantaged position. Unlike peers still running soybean oil, MRL uses a more cost-effective 50/50 blend of corn oil and tallow, supporting better margins. The real catalyst is the upcoming 2026–2028 RVO, expected to be released around August or September. While the current RVO was set too low by the Biden administration (creating a margin overhang), a Trump administration is likely to revise this upward based on the new renewable diesel capacity that's come online. Once that happens, margins could return to $2.00/gal, putting MRL at $250M EBITDA and CLMT at a $500M run-rate on a $2.9B pro forma EV—an exceptionally cheap valuation at $10/share. Even under more conservative assumptions, MRL's EBITDA would support a robust valuation. Warburg's base case targets a $3.3B exit EV by early 2028, translating to a $40 CLMT share price. Calumet, Inc. (CLMT) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 21 hedge fund portfolios held CLMT at the end of the fourth quarter which was 9 in the previous quarter. While we acknowledge the risk and potential of CLMT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than CLMT but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey. Sign in to access your portfolio
Chicago Tribune
26-03-2025
- Sport
- Chicago Tribune
Lake Central's Trevor Kubacki, chosen for North/South Football All-Star Classic, has point to prove in baseball
Football has been good to Lake Central senior Trevor Kubacki. So even though Kubacki has future plans in a different sport, he won't waste the opportunity he has been given to play in another football game. The 5-foot-11, 170-pound wide receiver has been selected for the 59th annual Murat Shrine North/South Football All-Star Classic. 'I don't want to short the game,' Kubacki said. 'I just want to put the pads on one last time and do what I've always done best, which is give it everything I have.' Kubacki, who has signed to play baseball at Calumet, is part of a sizable contingent of seniors from the Region who have been chosen to participate in the all-star game at Decatur Central in Indianapolis on July 11. Joining Kubacki on the North roster are Crown Point running back Larry Ellison, Hanover Central running back Caiden Verrett, Chesterton offensive lineman Ryan Gray, Hobart offensive lineman Luke Juris, Merrillville offensive lineman Jaden Swanson, Morton defensive lineman David Bonaparte, Crown Point defensive lineman Josh Miller, Michigan City defensive back Marquez Dabney, Boone Grove defensive back Mark Rowland and Andrean kicker PJ Cusick. The rosters were revealed last week. But Kubacki, who had a team-high 45 catches for a team-high 741 receiving yards and five touchdowns for Lake Central last season, needed a little time to digest the news. 'It didn't settle in until a couple of days later that I'm one of the players from the whole state who gets to play in this game,' he said. 'A lot of guys are going there to prove a point. It's best on best, and that's when the best competition happens.' Kubacki won't have those points to prove, however. 'I've actually decided that I'm not going to play football in college,' he said. 'I'm going to stick with what I love most and play baseball.' Kubacki said he has been playing baseball since he was 6 years old. 'Baseball was my first love,' he said. 'I couldn't see myself turning it down to go play football. Baseball is where it's at for me.' But his baseball career hit a speed bump last year. An outfielder, Kubacki was among the final cuts for Lake Central, which then won the Class 4A state title in June. That lit a fire within him. 'There were people around me trying to drag me down and tell me that I can't do what I want to do in life,' Kubacki said. 'And I was like, 'Watch this. I'm going to come back and show all of you.'' Kubacki's determination impressed Lake Central baseball coach Mike Swartzentruber. 'A lot of those guys don't come back, and I can't blame them for that,' Swartzentruber said. 'But for a guy to put in all of the time that he did with the goal of making the team is a testament to him for sure.' Kubacki said he split his time between football and baseball workouts last summer and added pitching to his repertoire in hopes of cracking the Lake Central baseball roster this season. It worked, according to Swartzentruber. 'He mentioned that was something he was going to focus on more,' Swartzentruber said. 'We really liked what we saw from him. We've been doing live at-bats with our hitters for quite some time, and he's had some success there. We hope it translates into games.' Once baseball ends, there will be time for Kubacki to get back into football shape for his final game. Until then, he will focus on being more than just a number on the baseball roster. He has a point to prove. 'I'm not where I want to be yet,' Kubacki said. 'I want to establish myself. What I've done to this point is great, and I'm happy that I've gotten to this point. But I still want more. 'I want to win. I don't want to settle for something when I know I have more in the tank.'
Yahoo
15-03-2025
- Business
- Yahoo
US green-lights massive project set to transform the aviation industry — here's what you need to know
In February, the Trump administration surprised many by finalizing a sustainable fuel deal initially put into place by the Biden administration, expanding green fuel production in the U.S., Reuters reported. The loan, disbursed by the Loan Programs Office under the Inflation Reduction Act, would allow manufacturer Calumet to expand a sustainable aviation fuel refinery in Montana. Currently, the facility produces 140 million gallons per year of biofuels; the expansion would more than double production to 315 million gallons and generate 500 jobs. Biofuels have been in development for decades but have recently come to the fore as an alternative to dirty fossil fuels used in the aviation industry. Biofuels are made from plant and animal material, which is often waste from food production, and making and using these fuels generates less heat-trapping air pollution than collecting and using the same amount of fossil fuels. Which of these factors would most effectively motivate you to buy an induction stove? Healthier indoor air Superior cooking results Helping the planet I wouldn't buy an induction stove Click your choice to see results and speak your mind. Unlike making aircraft electric — which requires extensive modifications to the equipment — biofuel can be used in the same engines as traditional fuel. That makes it an easy change to make immediately. That's good news for the planet because excess heat-trapping gases from air pollution are overheating the Earth. That causes damage to the environment and crops and leads to dangerous natural disasters. Much of that air pollution comes from the aviation industry — 2.5% of global heat-trapping gas emissions in 2023, per the International Energy Agency. Reducing that pollution is one of the necessary steps in getting the world's temperature in check. While this is good news, this isn't the last word on the subject. An energy department spokesperson told Reuters that the department "is continuing to conduct a department-wide review of all funding, including grants and loans, to ensure all activities are consistent with the law and in accordance with President Trump's executive orders and priorities." Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet.
