NasdaqGS:CLMTOil and Gas
Calumet Debt Reset And DOE Loan Reframe Montana Renewables Story
Calumet (NasdaqGS:CLMT) reports significant debt reduction and major cost cuts as part of a wider operational reset.
The company secures a large loan from the U.S. Department of Energy to support its Montana Renewables MaxSAF 150 expansion.
Management highlights record Specialty Products production and ongoing portfolio changes as it advances its renewable fuels strategy.
Calumet comes into this news cycle with its shares at $27.89 and a very large 5 year return, indicating the stock has...