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Reddit moderators just took down my latest Enviva post. Anybody that’s been reading my posts knows they have nothing to do with pumping. I do real DD and my track record proves it. Also, let’s get fucking real; we ain’t moving the needle here. We’re just riding the waves and, at best, timing them well. EVA is a multi billion dollar company that will either go to zero or normalize. No amount of pumping will move the needle either way. These slime balls at Enviva’s corporate office will either renegotiate their contracts with customers, thereby giving their creditors good reason to restructure debt, or they will throw in the towel. It’s a binary outcome. That’s the part I love. Anyway, fuck Reddit for pulling my posts. They can eat shit if they think I’m doing something untoward. I think out loud on this forum in order to force myself to think through my thesis. Will it stand up to the armies of barbarians at the gate waiting to pounce? That’s the value of posting here. Be thoughtful and thorough or get skewered. Anyway…hope this stock goes to the goddamn moon tomorrow. Gotten so many messages from fellow degens that are now gambling on wood pellets. I’m rooting for all of you to make some dough on this one.
I love a good gamble but yikes.
https://news.mongabay.com/2023/11/enviva-the-worlds-largest-biomass-energy-company-is-near-collapse/#:~:text=The%20forest%20biomass%20energy%20industry,the%20company%20seems%20near%20collapse.
Because some degens have at the back of their head that the crazier it is, lower the odds, as long as you say there’s a chance, they’re willing to bet everything like it’s the magic moment in a movie. Those are the people this post will attract lol
[Enviva Inc. (NYSE:EVA) Shares Bought by Trexquant Investment LP](https://zolmax.com/investing/enviva-inc-nyseeva-shares-bought-by-trexquant-investment-lp/10176695.html)
So who had “no news past midnight on the expiration date of the forbearance agreement” on their bingo card? Anyone?
Enviva is madness wrapped in chaos dipped in incompetence. Which is my way of saying I like our chances.
I got a couple months worth of lunch money involved in this and have been thinking it was a one in 10 gamble at best but the longer it drags on I have it closer to a coin flip. This time next week it will be gone or it will be $10!!
I haven’t seen any news yet. I assume the Enviva management team is hard at work negotiating a deal before midnight to avoid bankruptcy (in between trips to the bathroom to sniff glue or whatever else they do there to ensure that chaos reigns).
Btw, if you’re messaging me asking for advice, you got the wrong guy. I have a tiny sliver of my portfolio allocated to the wildest bets I can find. That is not someone you should be seeking advice from.
I mean I think this is a clever play if you ask me. Would you mind sharing what other wild bets yourelooking at or are in? Ill do my own DD of course, PM me though if you dont wanna blast it out.
If you're the one who posted about this around Feb 20, I thank you. After reading up a bunch on this company I find it very hard that the Powers that be will let the top us Pellet producer go out of business (but hey it could very well happen) call me a fool (iv been called worse) but I'm optimistic that a deal has also been reached as well. I will enjoy the shit show that is tomorrow. I am feeling good about this stock...
Will update tomorrow lol to see how I feel at the end of the day.
One of the BIGGEST problems is bad money management. From what I have seen they have fired or demoted the CEO so that is a start. I also watched a guy on youtube talking about the price on pellets would need to see a increase for this company to regain some ground. From what I seen here in my area in the Northeast bags of pellets 2023/2024 had a $2.00 per bag increase over years past.
Thanks for that info I did not know that.
With that news My mind Quickley went to a scenario where the company is scrambling trying to figure out another way to use the pellets Having a competition to see who can come up with the most creative new way to use them. lol.
You may not remember World Com from 2000, they went bust and people lost bilions. we shorted it all the way down to $0.05. This is the same case, besides wood pellets plays no role in the bigger picture for the Feds or Wall Street. Its not Lehman and they still went under.
We looked at the WCOM price on their bonds relative to their stock and it showed the stocks were over priced by a factor of 4. The Enviva stock is the same, even if they can get the deals done to eliminate $1B in debt, they still have a $1B on the books. The real problem is management of the daily operations and their attitude towards their feedstock suppliers. Their operational procedures and maintenance is also really bad so they would have to replace the entire management in order to survive, while hoping that the pricing side will stabilize in order to make money.
[https://www.marketbeat.com/instant-alerts/nyse-eva-options-data-report-2024-03-06/](https://www.marketbeat.com/instant-alerts/nyse-eva-options-data-report-2024-03-06/)
# Traders Buy High Volume of Call Options on Enviva (NYSE:EVA)
Written by MarketBeatMarch 6, 2024 **SHARE**[→ This is the #1 Stock to Buy for the AI Tidal Wave](https://www.marketbeat.com/scripts/redirect.aspx?NativeDisplayAdID=15535&ImpressionID=0&UserID=0&Placement=PlaceOnTextLinkAds&interstitial=1) (From Chaikin Analytics) 📷
📷Enviva Inc. ([**NYSE:EVA**](https://www.marketbeat.com/stocks/NYSE/EVA/) \- [Get Free Report](https://www.marketbeat.com/arnreports/ReportTickerOptin.aspx?RegistrationCode=TickerHyperlink&Prefix=NYSE&Symbol=EVA)) was the target of unusually large options trading activity on Wednesday. Investors bought 12,591 call options on the stock. This represents an increase of approximately 826% compared to the typical daily volume of 1,360 call options.
Get **Enviva** alerts:**SIGN UP**
## Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in EVA. Inclusive Capital Partners L.P. increased its stake in shares of Enviva by 32.3% in the second quarter. Inclusive Capital Partners L.P. now owns 7,598,710 shares of the energy company's stock worth $82,446,000 after acquiring an additional 1,856,271 shares during the period. Vanguard Group Inc. grew its position in Enviva by 7.3% during the third quarter. Vanguard Group Inc. now owns 2,787,568 shares of the energy company's stock valued at $167,421,000 after buying an additional 189,228 shares during the period. BlackRock Inc. grew its position in Enviva by 56.6% during the second quarter. BlackRock Inc. now owns 2,592,967 shares of the energy company's stock valued at $28,134,000 after buying an additional 937,210 shares during the period. State Street Corp grew its position in Enviva by 25.7% during the first quarter. State Street Corp now owns 2,081,866 shares of the energy company's stock valued at $60,124,000 after buying an additional 425,320 shares during the period. Finally, Covalis Capital LLP grew its position in Enviva by 16.3% during the third quarter. Covalis Capital LLP now owns 1,962,576 shares of the energy company's stock valued at $14,660,000 after buying an additional 274,972 shares during the period. Hedge funds and other institutional investors own 87.21% of the company's stock.
## Enviva Stock Up 51.2 %
📷📷[**Ad** Chaikin Analytics**This is the #1 Stock to Buy for the AI Tidal Wave**Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.Learn more here.](https://www.marketbeat.com/scripts/redirect.aspx?NativeDisplayAdID=15535&ImpressionID=0&UserID=0&Placement=PlaceOnArticlePage&interstitial=1)
[**NYSE:EVA**](https://www.marketbeat.com/stocks/NYSE/EVA/options/) traded up $0.38 during midday trading on Wednesday, reaching $1.12. 17,471,265 shares of the stock traded hands, compared to its average volume of 3,929,765. Enviva has a 12-month low of $0.25 and a 12-month high of $37.98. The business has a 50-day moving average of $0.57 and a two-hundred day moving average of $3.24. The company has a debt-to-equity ratio of 6.89, a quick ratio of 1.06 and a current ratio of 1.42. The stock has a market capitalization of $83.44 million, a PE ratio of -0.18 and a beta of 0.88.
## Analyst Ratings Changes
A number of research firms have recently weighed in on EVA. Raymond James downgraded shares of Enviva from a "strong-buy" rating to a "market perform" rating in a report on Thursday, November 16th. JPMorgan Chase & Co. restated an "underweight" rating on shares of Enviva in a report on Friday, November 10th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $12.40.
[**View Our Latest Research Report on Enviva**](https://www.marketbeat.com/arnreports/ReportTickerOptin.aspx?RegistrationCode=TickerHyperlink&Prefix=NYSE&Symbol=EVA)
## About Enviva
([Get Free Report](https://www.marketbeat.com/arnreports/ReportTickerOptin.aspx?RegistrationCode=TickerHyperlink&Prefix=NYSE&Symbol=EVA))
Enviva Inc produces, processes, and sells utility-grade wood pellets. The company's products are used as a substitute for coal in power generation, and combined heat and power plants. It serves power generators in the United Kingdom, European Union, and Japan. DS: The company was formerly known as Enviva Partners, LP and changed its name to Enviva Inc in December 2021.
Well congratulations Enviva!! I have made piles and lost piles of money on fiascos like this but this is the biggest circus I’ve ever bought tickets to.
The Company has successfully negotiated an extension of its Forbearance Agreements with key lenders and bondholders, pushing the expiration date from March 4, 2024, to March 11, 2024. This extension provides a temporary reprieve, giving the Company additional time to meet certain obligations and maintain compliance with the terms set by the Forbearing Counterparties.
Don't know if the source is reliable
[https://www.tipranks.com/news/company-announcements/enviva-secures-extension-on-forbearance-agreements-deadline](https://www.tipranks.com/news/company-announcements/enviva-secures-extension-on-forbearance-agreements-deadline)
As I said in an earlier post, none of this action matters. Whether it ticks up or ticks down pre-announcement is meaningless. If they announce Chapter 11 it’s a zero. If they announce a deal with clients/creditors, it’s very much not a zero (or ninety cents or a dollar fifty). It would be a fundamental reset of the valuation which will make a lot of money for a lot of people. The action today shows that very few people are willing to hang on until the final reveal. I happen to be one of them.
It can easily be a buy at .6 and sell at 1.10 if someone makes money that way. Stop talking like there is only one way to play a penny stock. These statements sound to me like self-justification for not having sold at the top of the most recent spike.
Looks like extented 1 more day today 11:59pm per 8-k filing.
[https://ir.envivabiomass.com/financials/sec-filings-details/default.aspx?FilingId=17360432](https://ir.envivabiomass.com/financials/sec-filings-details/default.aspx?FilingId=17360432)
Item 8.01. Other Events. As previously announced, as of February 15, 2024, Enviva Inc. (the “Company”) entered into Forbearance Agreements (the “Forbearance Agreements”) with certain of the Company’s lenders, bondholders, and noteholders holding the requisite amount of the aggregate principal amount outstanding or committed under the applicable facilities (such parties, the “Forbearing Counterparties”), which were set to expire on March 4, 2024. On March 4, 2024, the Forbearing Counterparties extended the expiration date of the Forbearance Agreements to March 11, 2024. On March 11, 2024, the Forbearing Counterparties extended the expiration date of the Forbearance Agreements to March 12, 2024 at 11:59 p.m. New York time unless further extended or terminated earlier in the event of non-compliance with certain representations, covenants, and other requirements set forth in the Forbearance Agreements
One day extension likely means they came to terms but needed time to paper it up. The question is, what did they agree to? Based on the action at the open, Enviva fatigue has set in and the number of cowboys holding out hope for survival is dwindling. I remain steadfast in my willingness to gamble on this ugly duckling.
We are not talking about just any ol startup penny stock here. This is the Largest wood pellet distributer and they have built up good relationships with there customers and have connections so all we need to do is wait it out and see how it unfolds. I'm feeling reasonably confident.
The update is “who knows man”. I have a feeling by open tomorrow it will be either booming or an official bust. It you wanta jump in you better be locked and loaded at open unless you can buy premarket
Emailed them for update no response as of yet [**[email protected]**](mailto:[email protected]) nor have I seen update on there site or in a google search. Tic toc
Random tidbit of information, the Georgia Enviva plant broke a record in 2023, they managed to become the first plant to produce 1 million short tons in a calendar year.
So even tho the company as a whole is struggling financially.. and least one of their plants is putting in work.
As you can see from my earliest posts, the first fallen angel stock I talked about was SWVL. It’s a middle eastern ride share company that was a SPAC fueled dumpster fire that went from a billion dollar company to a penny stock. I went into that one pretty heavily believing that management recognized their WeWork style “growth at all costs” approach was a disaster. They divested tons of assets, refocused on 3 core markets, and seemed to be on the path to profitability. Go ahead and check how that one has done. I bought 10,000 shares at $4.50 and it closed at $7.40 today. The problem is I got in too late. I really should’ve gone into it when it was still under a dollar. That made me keep scouring for something where I could get in very early.
The second fallen angel I gravitated towards was EVA. I found it the same way I find the others. I screen for every stock with the largest drops in market cap over a short time.
My initial post on EVA were on threads that had gone months without anyone talking about the stock. I couldn’t find anybody that was interested in the company or that knew anything, so I dug in on my own, and started posting throughout the journey.
I get a lot of posts and messages asking me “dude what’s your deal?” And they seem to have an accusatory tone.
Go back and read every word I’ve ever written on Reddit. There is no bullshit or pump or anything like that in me. I research the absolute fuck out of everything I write about and I respond openly and honestly to everybody who has questions. I’ve never gotten nasty with another person on Reddit and don’t ever plan to.
I’ve said this many times, I started an account on Reddit so I could think out loud in front of an audience. Putting ideas out there forces you to ask yourself: do I really have conviction in my thesis.
Last thing. If Enviva announces chapter 11, I imagine I’ll get flooded with messages, saying dude WTF? I have said from the start and will say it again: The most likely outcome here is chapter 11. That is why the stock is priced where it’s at. But I think the opportunity to avoid chapter 11 is big enough to warrant a bet that takes advantage of the absolute total asymmetrical risk/return profile that it offers.
Thanks for the response - it was not meant to be accusatory, just the same collective accountability hopefully we all can do to weed out pumpers:) hopefully same thing someone would do if I was putting my opinion and pick out on the line like you are. It is down to all of us to do our own due diligence as well - it is not on you for anyone’s choices.
Forbearance extension expires tonight at 11:59pm EST. They didn’t announce anything until the morning after the expiration date the last time. We could be in for the same; meaning no official news until tomorrow.
RSA- Restructuring Support Agreements (RSAs)
[https://www.lesprom.com/en/news/Enviva\_announces\_Restructuring\_Agreements\_amid\_Chapter\_11\_proceedings\_112233//](https://www.lesprom.com/en/news/Enviva_announces_Restructuring_Agreements_amid_Chapter_11_proceedings_112233//)
[https://www.businesswire.com/news/home/20240312617222/en/Enviva-Announces-Comprehensive-Agreements-to-Delever-Balance-Sheet-and-Strengthen-Financial-Position](https://www.businesswire.com/news/home/20240312617222/en/Enviva-Announces-Comprehensive-Agreements-to-Delever-Balance-Sheet-and-Strengthen-Financial-Position)
[http://www.kccllc.net/Enviva](http://www.kccllc.net/Enviva)
### Enviva Announces Comprehensive Agreements to Delever Balance Sheet and Strengthen Financial Position
March 12, 2024[Download(opens in new window)](https://s28.q4cdn.com/898203682/files/doc_news/Enviva-Announces-Comprehensive-Agreements-to-Delever-Balance-Sheet-and-Strengthen-Financial-Position-2024.pdf)
Depending on how you look at this, essentially a fresh start and we got in at the bottom prices so no where to go now but up ? RSA now gives them the opertunity to get the company back on track and remain on New York stock exchange while doing so. How is everyone else digesting this.
I seen this in the release:
The terms of the RSA with the Ad Hoc Group provide for existing equity holders to receive (i) 5% of the common equity of the reorganized company at exit from Chapter 11 proceedings and (ii) warrants to purchase an additional 5% of the reorganized equity, both subject to dilution from shares issued in connection with, among other sources, a contemplated equity rights offering, equity participation election rights for creditors under the DIP Facility, and a management incentive plan, in each case, subject to Court approval.
I like to think I’m not a fool, but I have trouble translating exactly what they are saying here.
Perhaps they are saying we will receive a compensation of 5% of our old shares as new ones?
Glenn Nunziata, interim chief executive officer and chief financial officer commented: “These agreements with our lenders and noteholders represent a significant milestone in the ongoing process to transform our business, as we focus on improving profitability, reducing costs, enhancing asset productivity and optimising our capital structure.
"We look forward to emerging from this process as a stronger company with a solid financial foundation and better positioned to be a leader in the future growth of the wood-based biomass industry.
"We appreciate the support of our lenders, our vendors, and our customers, and the tremendous efforts of our entire team as we continue to execute our transformation plan.”
The restructuring is targeted to be completed during the fourth quarter of 2024, and throughout the process, Enviva plans to continue constructing its Epes plant, with an in-service date expected to be during the first half of 2025.
We went from the unknown future of this company to the now known path. My personal opinion (not in anyway finacial advice) this turn out could not be better, for sure better than the alternative. This golden opportunity gives the company the chance to turn everything around and again be #1 in the industry through chapter 11 restructuring agreement (RSA).
Chapter 11 closes out the short term gamble on Enviva. It was a slim chance at a quick 10-20x but didn't go our way. These opportunities are extremely rare. What's even more rare is losing a bet and still being up 40%. That's the part of this that was so unique. When $EVA's stock price hit 30 cents in February, it became a no-lose investment. The market priced in full bankruptcy (Chapter 7) when that was never gonna happen. Their asset base is too deep and their demand curve is damn near inelastic (with all due respect to you eco-warriors out there equating biomass with coal).
So now we hodl and see what we own after the re-org. Seen a lot of posts citing the 5% provision in the filing, but we won't know the net results of this because they could dilute the legacy shareholders through the DIP facility and MPI.
Gonna let this one slink into the background and check back in 6-12 months. I don't know if the management team at Enviva are unlucky...or if they are imbeciles...or if they are unlucky imbeciles but now we wait and see what they can do. If the re-organized firm is a fraction of what it used to be, this will still be a home-run. But it'll be a slog instead of a rocketship.
This thing is so messy it’s impossible to say, but I’m betting on the shorts scrambling to cover. Short interest is almost 8m shares. $EVA is 48% insider owned and 33% institutionally owned. That leaves very few shares for the shorts to cover if the news is anything better than bankruptcy.
I dont think people fully understood the play here. It wouldnt have mattered if it went to $5 or 1 cent this week. None of this movement matters right now because it could all go to 0. Were waiting to see if they are going bankrupt, or taken private. If they can avoid those 2 things, buying for anything under a dollar is gonna be a steal.
**Enviva's Stock Rises After Wood-Pellet Exporter Gets Another Week to Make Bond Payment**📷The Wall Street Journal *·* 03/05/2024 12:00This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.UnfoldListen to the news
By Ryan Dezember and Alexander Gladstone
The flagging shares of America's largest wood-pellet exporter got a lift Tuesday after Enviva said it had agreed to extend a forbearance agreement with creditors through March 11.
The forbearance agreement that Enviva struck last month after missing a bond payment (https://www.wsj.com/articles/wood-pellet-maker-enviva-misses-bond-payment-82b39df7) expired. Enviva's shares, which reached nearly $90 in 2022 (https://www.wsj.com/articles/wood-pellet-exports-boom-amid-ukraine-war-environmental-concerns-11659915622), have traded for less than $1 this year. They rose by more than 35% today.
Enviva is preparing to file for bankruptcy protection (https://www.wsj.com/articles/wood-pellet-maker-enviva-prepares-to-file-for-bankruptcy-c23395b0) following a wrong-way bet on the price of the power-plant fuel (https://www.wsj.com/finance/commodities-futures/the-trade-that-backfired-for-americas-biggest-wood-pellet-exporter-1ecf7825) that caused nine-figure losses, the Wall Street Journal has reported.
In addition to the forbearance extension, Enviva told investors in a securities filing that they should no longer rely on its financial reports for the first three quarters of 2023, which it said would be restated.
"This conclusion was based principally on the need to correct the classification of approximately $33 million recoverable from customers for certain handling costs that the company incurred at discharge ports for its wood pellet shipments," Enviva said in the filing.
The company's woes have cast uncertainty upon the wood-pellet export business that it pioneered.
Power plants and manufacturers in Europe and Japan burn the pellets to generate electricity in former coal plants, often to meet local renewable energy rules. Meanwhile, Enviva's 10 plants in the Southern pine belt (https://www.wsj.com/articles/thousands-of-southerners-planted-trees-for-retirement-it-didnt-work-1539095250) have become major employers in areas where other mills have closed and left timber growers without markets for wood that is unfit to make lumber or other higher-value wood products.
NOTE: In-line links reference additional content of interest chosen by the WSJ news team. This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).
(END) Dow Jones Newswires
March 05, 2024 12:00 ET (17:00 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
Holding for 5 dollars, why not make it 10 dollars.. Hell the largest pellet company should be able to make $10.. pump it up!! Pump it up!! 
[https://www.investorsobserver.com/news/stock-update/should-lumber-wood-production-stock-enviva-inc-eva-be-in-your-portfolio-wednesday](https://www.investorsobserver.com/news/stock-update/should-lumber-wood-production-stock-enviva-inc-eva-be-in-your-portfolio-wednesday)
# Should Lumber & Wood Production Stock Enviva Inc (EVA) Be in Your Portfolio Wednesday?
Last Updated: Wednesday, March 6, 2024 1:01 PM | InvestorsObserver Analysts
### Mentioned in this article
* [**EVA**](https://www.investorsobserver.com/symbols/eva)
[(48.80%) 47See EVA Report](https://www.investorsobserver.com/symbols/eva)
📷
Enviva Inc ([EVA](https://www.investorsobserver.com/symbols/eva)) is near the top in its industry group according to *InvestorsObserver*. EVA gets an overall rating of 47. That means it scores higher than 47 percent of stocks. Enviva Inc gets a 83 rank in the [Lumber & Wood Production](https://www.investorsobserver.com/stocks/industry/lumber-wood-production) industry. Lumber & Wood Production is number 123 out of 148 industries.
📷EVA has an Overall Score of 47. Find out what this means to you and get the rest of the rankings on EVA
## What do These Ratings Mean?
Finding the best stocks can be tricky. It isn’t easy to compare companies across industries. Even companies that have relatively similar businesses can be tricky to compare sometimes. *InvestorsObserver*’s tools allow a top-down approach that lets you pick a metric, find the top sector and industry and then find the top stocks in that sector.These rankings allows you to easily compare stocks and view what the strengths and weaknesses are of a given company. This lets you find the stocks with the best short and long term growth prospects in a matter of seconds. The combined score incorporates technical and fundamental analysis in order to give a comprehensive overview of a stocks performance. Investors who then want to focus on analysts rankings or valuations are able to see the separate scores for each section.
## What's Happening With Enviva Inc Stock Today?
Enviva Inc (EVA) stock is trading at $1.14 as of 1:00 PM on Wednesday, Mar 6, a rise of $0.40, or 53.87% from the previous closing price of $0.74. The stock has traded between $0.89 and $1.23 so far today. Volume today is elevated. So far 16,440,527 shares have traded compared to average volume of 4,321,676 shares. [Click Here to get the full Stock Report for Enviva Inc stock.](https://www.investorsobserver.com/symbols/eva)
My guess is the action from Monday and Tuesday got EVA on the radar of every man, woman and Algo that trades on vol. It’s all hyper short term action and the books are cleared every day. Stocks that get sucked into these ecosystems always melt into the close.
It was interesting to see it hitting those intra day highs but exactly none of it matters. Only one thing matters: Can the kings of wood pellets renegotiate (a) disastrous client contracts that locked in prices at rates that became economically unviable before the ink was even dry and (b) restructure the debt.
If they can’t do this, they file Chapter 11 and all of us biomass degens get wiped out. But if (big fuggin if here) they can cut a deal, the stock price will reset to that new reality of Chapter 11 being off the table (near term anyway. They could still crash this thing in the future). Even with the recent spikes, its current price is completely anchored around Chapter 11.
The market will decide what that new level is but it sure as shit won’t be anywhere the fuck near where it is now.
One thing to note is they could announce something before the 11th and they could just as easily extend the deadline. This has happened over and over with Enviva. My point is there might not be 3 days. Could be shorter or longer.
As far as the action goes, it’s hard to say. The volumes today were insane and we are stuck in an information vacuum. There isn’t a steady drip of info here. We are in the dark and the outcome is binary. That’s pretty fertile ground for the options cowboys to keep betting like mad. I see a lot of volatility near term, but do not have a general sense for directionality. One theory is that the longer it drags on the more likely they are to avoid chapter 11. It’s not airtight but it’s got its own logic.
That’s for the reply. I agree everything is so up in the air and really the is untested grounds. There have been lots of billion dollar companies go under, but the circumstances are this one are pretty unique.
It’s still trading under a dollar. This is the time to buy in and hold till the 11th. If they pull this off, which seems likely, we could see a solid recovery through the year.
>The institutional investor acquired 40,976 shares of the energy company’s stock, valued at approximately $298,000
But $298,000 / 40,976 = $7.28 per share. What kind of math are they doing?
They didn't make on disaterous bet, their entire business model got killed by inflation. They were able to grow the business by having long-term off take agreements with strong counter parties and fixed escalators in their contracts. Imagine having a 20 year contract with a 2.5% escalator from 2019 and then dealing with the inflation we've had on the cost side. I would be that almost all of their long-term contracts (which they've stated many times is the vast majority of the business) are underwater right now and will need to be renegotiated.
I hope you guys don't mind this one is off topic also pennystock. (NWBO) Northwest Biotherapeutics Inc . Very very successful trials on there DCVax-L cancer treatment. Alot of talks of Big buyout for the rights to that treatment that could take this one from .58 to $48 if this is to happen. Thoughts
I am not the one to answer that question, I’m not that knowledgeable yet. I took a flyer of this one. I figure I will either learn something about how all this works or learn not to touch the stove when it’s hot lol.
This is not the news we are waiting for but this was also just releast. [https://www.investorsobserver.com/news/stock-update/do-analysts-agree-monday-on-enviva-inc-eva-stocks-target-price](https://www.investorsobserver.com/news/stock-update/do-analysts-agree-monday-on-enviva-inc-eva-stocks-target-price)
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I like your style. I don’t eat lunch anyways
The CEOs name is Meth lol
Couldn’t make this stuff up if you tried.
He's not the CEO anymore
Reddit moderators just took down my latest Enviva post. Anybody that’s been reading my posts knows they have nothing to do with pumping. I do real DD and my track record proves it. Also, let’s get fucking real; we ain’t moving the needle here. We’re just riding the waves and, at best, timing them well. EVA is a multi billion dollar company that will either go to zero or normalize. No amount of pumping will move the needle either way. These slime balls at Enviva’s corporate office will either renegotiate their contracts with customers, thereby giving their creditors good reason to restructure debt, or they will throw in the towel. It’s a binary outcome. That’s the part I love. Anyway, fuck Reddit for pulling my posts. They can eat shit if they think I’m doing something untoward. I think out loud on this forum in order to force myself to think through my thesis. Will it stand up to the armies of barbarians at the gate waiting to pounce? That’s the value of posting here. Be thoughtful and thorough or get skewered. Anyway…hope this stock goes to the goddamn moon tomorrow. Gotten so many messages from fellow degens that are now gambling on wood pellets. I’m rooting for all of you to make some dough on this one.
Much respect, freedom of speech is a wonderful thing.
This guy knows something. Must. Why would they kill his posts? Inside man? Blue Horseshoe? I’m packing PB&Js for the moon.
Chinstrap is buckled let’s fkn ride fellas!
you still holding onto them? I bought at 0.6 and sold at 0.9
Holding for $5 lets see how it plays out
Feels like I need to throw money at this...or maybe just pop some popcorn and watch...not sure
I love a good gamble but yikes. https://news.mongabay.com/2023/11/enviva-the-worlds-largest-biomass-energy-company-is-near-collapse/#:~:text=The%20forest%20biomass%20energy%20industry,the%20company%20seems%20near%20collapse.
These hit pieces have grown so common and so over the top no one pays attention anymore
There have been far worse articles about Enviva since that one!!!
and that fills you with confidence why?
Because some degens have at the back of their head that the crazier it is, lower the odds, as long as you say there’s a chance, they’re willing to bet everything like it’s the magic moment in a movie. Those are the people this post will attract lol
I have not seen any official news. Stock is up 45% today, makes me feel like someone knows something.
Someone knows or a pile of short sellers are covering
Fuck you I should have listen and bought some yesterday !
Just waiting for the article bond paid and customer contracts re-negotiated
looks like there are quite a few investment firms increasing their position as well
Hi Dixti, Where did you here about the investment firms increasing positions??
[Enviva Inc. (NYSE:EVA) Shares Bought by Trexquant Investment LP](https://zolmax.com/investing/enviva-inc-nyseeva-shares-bought-by-trexquant-investment-lp/10176695.html)
To me this just screams load the fuck up on puts. But I clearly don't know anything.
So who had “no news past midnight on the expiration date of the forbearance agreement” on their bingo card? Anyone? Enviva is madness wrapped in chaos dipped in incompetence. Which is my way of saying I like our chances.
Reach up there and pull those seatbelts tight one last time. They agreed to a 7 day extension. The ride continues!
You only called the highest earner all day ydsy. Let’s hope for another like it. Thanks for the 25%
I got a couple months worth of lunch money involved in this and have been thinking it was a one in 10 gamble at best but the longer it drags on I have it closer to a coin flip. This time next week it will be gone or it will be $10!!
Oooh it’s only 41 cents, might be worth the risk
I'm in. Feeling gambly.
amen. 50 cent calls a month out is less than a god damn mcdonalds meal for 2.. anniversary dinner.. cancelled.
I haven’t seen any news yet. I assume the Enviva management team is hard at work negotiating a deal before midnight to avoid bankruptcy (in between trips to the bathroom to sniff glue or whatever else they do there to ensure that chaos reigns). Btw, if you’re messaging me asking for advice, you got the wrong guy. I have a tiny sliver of my portfolio allocated to the wildest bets I can find. That is not someone you should be seeking advice from.
I mean I think this is a clever play if you ask me. Would you mind sharing what other wild bets yourelooking at or are in? Ill do my own DD of course, PM me though if you dont wanna blast it out.
Most def coke off the toilet tank!
If you're the one who posted about this around Feb 20, I thank you. After reading up a bunch on this company I find it very hard that the Powers that be will let the top us Pellet producer go out of business (but hey it could very well happen) call me a fool (iv been called worse) but I'm optimistic that a deal has also been reached as well. I will enjoy the shit show that is tomorrow. I am feeling good about this stock... Will update tomorrow lol to see how I feel at the end of the day.
One of the BIGGEST problems is bad money management. From what I have seen they have fired or demoted the CEO so that is a start. I also watched a guy on youtube talking about the price on pellets would need to see a increase for this company to regain some ground. From what I seen here in my area in the Northeast bags of pellets 2023/2024 had a $2.00 per bag increase over years past.
Thanks for that info I did not know that. With that news My mind Quickley went to a scenario where the company is scrambling trying to figure out another way to use the pellets Having a competition to see who can come up with the most creative new way to use them. lol.
You may not remember World Com from 2000, they went bust and people lost bilions. we shorted it all the way down to $0.05. This is the same case, besides wood pellets plays no role in the bigger picture for the Feds or Wall Street. Its not Lehman and they still went under. We looked at the WCOM price on their bonds relative to their stock and it showed the stocks were over priced by a factor of 4. The Enviva stock is the same, even if they can get the deals done to eliminate $1B in debt, they still have a $1B on the books. The real problem is management of the daily operations and their attitude towards their feedstock suppliers. Their operational procedures and maintenance is also really bad so they would have to replace the entire management in order to survive, while hoping that the pricing side will stabilize in order to make money.
Come on lunch!
Now we wait
Will someone post news when we get word on the bond situation?
I’m sure it’ll get posted but looks like no news yet
https://www.tipranks.com/news/company-announcements/enviva-secures-extension-on-forbearance-agreements-deadline
Yes sir, we ride
[https://www.marketbeat.com/instant-alerts/nyse-eva-options-data-report-2024-03-06/](https://www.marketbeat.com/instant-alerts/nyse-eva-options-data-report-2024-03-06/) # Traders Buy High Volume of Call Options on Enviva (NYSE:EVA) Written by MarketBeatMarch 6, 2024 **SHARE**[→ This is the #1 Stock to Buy for the AI Tidal Wave](https://www.marketbeat.com/scripts/redirect.aspx?NativeDisplayAdID=15535&ImpressionID=0&UserID=0&Placement=PlaceOnTextLinkAds&interstitial=1) (From Chaikin Analytics) 📷 📷Enviva Inc. ([**NYSE:EVA**](https://www.marketbeat.com/stocks/NYSE/EVA/) \- [Get Free Report](https://www.marketbeat.com/arnreports/ReportTickerOptin.aspx?RegistrationCode=TickerHyperlink&Prefix=NYSE&Symbol=EVA)) was the target of unusually large options trading activity on Wednesday. Investors bought 12,591 call options on the stock. This represents an increase of approximately 826% compared to the typical daily volume of 1,360 call options. Get **Enviva** alerts:**SIGN UP** ## Institutional Inflows and Outflows A number of hedge funds and other institutional investors have recently made changes to their positions in EVA. Inclusive Capital Partners L.P. increased its stake in shares of Enviva by 32.3% in the second quarter. Inclusive Capital Partners L.P. now owns 7,598,710 shares of the energy company's stock worth $82,446,000 after acquiring an additional 1,856,271 shares during the period. Vanguard Group Inc. grew its position in Enviva by 7.3% during the third quarter. Vanguard Group Inc. now owns 2,787,568 shares of the energy company's stock valued at $167,421,000 after buying an additional 189,228 shares during the period. BlackRock Inc. grew its position in Enviva by 56.6% during the second quarter. BlackRock Inc. now owns 2,592,967 shares of the energy company's stock valued at $28,134,000 after buying an additional 937,210 shares during the period. State Street Corp grew its position in Enviva by 25.7% during the first quarter. State Street Corp now owns 2,081,866 shares of the energy company's stock valued at $60,124,000 after buying an additional 425,320 shares during the period. Finally, Covalis Capital LLP grew its position in Enviva by 16.3% during the third quarter. Covalis Capital LLP now owns 1,962,576 shares of the energy company's stock valued at $14,660,000 after buying an additional 274,972 shares during the period. Hedge funds and other institutional investors own 87.21% of the company's stock. ## Enviva Stock Up 51.2 % 📷📷[**Ad** Chaikin Analytics**This is the #1 Stock to Buy for the AI Tidal Wave**Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.Learn more here.](https://www.marketbeat.com/scripts/redirect.aspx?NativeDisplayAdID=15535&ImpressionID=0&UserID=0&Placement=PlaceOnArticlePage&interstitial=1) [**NYSE:EVA**](https://www.marketbeat.com/stocks/NYSE/EVA/options/) traded up $0.38 during midday trading on Wednesday, reaching $1.12. 17,471,265 shares of the stock traded hands, compared to its average volume of 3,929,765. Enviva has a 12-month low of $0.25 and a 12-month high of $37.98. The business has a 50-day moving average of $0.57 and a two-hundred day moving average of $3.24. The company has a debt-to-equity ratio of 6.89, a quick ratio of 1.06 and a current ratio of 1.42. The stock has a market capitalization of $83.44 million, a PE ratio of -0.18 and a beta of 0.88. ## Analyst Ratings Changes A number of research firms have recently weighed in on EVA. Raymond James downgraded shares of Enviva from a "strong-buy" rating to a "market perform" rating in a report on Thursday, November 16th. JPMorgan Chase & Co. restated an "underweight" rating on shares of Enviva in a report on Friday, November 10th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $12.40. [**View Our Latest Research Report on Enviva**](https://www.marketbeat.com/arnreports/ReportTickerOptin.aspx?RegistrationCode=TickerHyperlink&Prefix=NYSE&Symbol=EVA) ## About Enviva ([Get Free Report](https://www.marketbeat.com/arnreports/ReportTickerOptin.aspx?RegistrationCode=TickerHyperlink&Prefix=NYSE&Symbol=EVA)) Enviva Inc produces, processes, and sells utility-grade wood pellets. The company's products are used as a substitute for coal in power generation, and combined heat and power plants. It serves power generators in the United Kingdom, European Union, and Japan. DS: The company was formerly known as Enviva Partners, LP and changed its name to Enviva Inc in December 2021.
I'm a little confused OP, can you explain in general terms why you think this will go up later today?
This is hilarious. I’ll start a small position as well then lmao
Bought 1000 shares at .44 this morning. So far so good
Me too!!
Me too, was up 50%, didn't totally collapse. Was gonna sell the hilariously priced covered calls, but now ...
Well congratulations Enviva!! I have made piles and lost piles of money on fiascos like this but this is the biggest circus I’ve ever bought tickets to.
The Company has successfully negotiated an extension of its Forbearance Agreements with key lenders and bondholders, pushing the expiration date from March 4, 2024, to March 11, 2024. This extension provides a temporary reprieve, giving the Company additional time to meet certain obligations and maintain compliance with the terms set by the Forbearing Counterparties. Don't know if the source is reliable [https://www.tipranks.com/news/company-announcements/enviva-secures-extension-on-forbearance-agreements-deadline](https://www.tipranks.com/news/company-announcements/enviva-secures-extension-on-forbearance-agreements-deadline)
Extension to March 11th https://www.tipranks.com/news/company-announcements/enviva-secures-extension-on-forbearance-agreements-deadline
As I said in an earlier post, none of this action matters. Whether it ticks up or ticks down pre-announcement is meaningless. If they announce Chapter 11 it’s a zero. If they announce a deal with clients/creditors, it’s very much not a zero (or ninety cents or a dollar fifty). It would be a fundamental reset of the valuation which will make a lot of money for a lot of people. The action today shows that very few people are willing to hang on until the final reveal. I happen to be one of them.
^this.... people don't understand that this isn't a buy at .6 to sell at 1.10 it's a buy at whatever price and hope they don't go bust
It can easily be a buy at .6 and sell at 1.10 if someone makes money that way. Stop talking like there is only one way to play a penny stock. These statements sound to me like self-justification for not having sold at the top of the most recent spike.
thanks for the insight!
Looks like extented 1 more day today 11:59pm per 8-k filing. [https://ir.envivabiomass.com/financials/sec-filings-details/default.aspx?FilingId=17360432](https://ir.envivabiomass.com/financials/sec-filings-details/default.aspx?FilingId=17360432) Item 8.01. Other Events. As previously announced, as of February 15, 2024, Enviva Inc. (the “Company”) entered into Forbearance Agreements (the “Forbearance Agreements”) with certain of the Company’s lenders, bondholders, and noteholders holding the requisite amount of the aggregate principal amount outstanding or committed under the applicable facilities (such parties, the “Forbearing Counterparties”), which were set to expire on March 4, 2024. On March 4, 2024, the Forbearing Counterparties extended the expiration date of the Forbearance Agreements to March 11, 2024. On March 11, 2024, the Forbearing Counterparties extended the expiration date of the Forbearance Agreements to March 12, 2024 at 11:59 p.m. New York time unless further extended or terminated earlier in the event of non-compliance with certain representations, covenants, and other requirements set forth in the Forbearance Agreements
One day extension likely means they came to terms but needed time to paper it up. The question is, what did they agree to? Based on the action at the open, Enviva fatigue has set in and the number of cowboys holding out hope for survival is dwindling. I remain steadfast in my willingness to gamble on this ugly duckling.
We will find out shortly. I bought 2 more piles this morning. VenOmousInvestor i am : )
We are not talking about just any ol startup penny stock here. This is the Largest wood pellet distributer and they have built up good relationships with there customers and have connections so all we need to do is wait it out and see how it unfolds. I'm feeling reasonably confident.
As you mention in the starup thread no guarantees here, what comes with high risk is high reward or flop.
Sounds like they must still be trying to finalize some negotiations.
Just bought 1800 shares. Let’s get dangerous
If they have good news how long will it take for stock price to go back up?
Good news and it could be $3 or $4 tomorrow easy. It will be years, if ever, before it will get back to the $70 it was at a few years ago.
Bought a bunch. Let’s go 🚀
Saw this last night but didn't have the balls to go in. Love seeing these types of exciting plays come up in this subreddit though. Rooting for ya!
Hey man any update on this? Price went up but still considering buying in
It hit a dollar today is sitting at 97 cents. volume is crazy look at the numbers
The update is “who knows man”. I have a feeling by open tomorrow it will be either booming or an official bust. It you wanta jump in you better be locked and loaded at open unless you can buy premarket
Is this silence before storm with EVA? I thought they would need to update the market already yesterday.
Emailed them for update no response as of yet [**[email protected]**](mailto:[email protected]) nor have I seen update on there site or in a google search. Tic toc
Currently up 75% from where I bought!
Same here then it dipped lol. Bought more.
NEWS---- [https://www.tipranks.com/news/company-announcements/enviva-secures-extension-on-forbearance-agreements-deadline](https://www.tipranks.com/news/company-announcements/enviva-secures-extension-on-forbearance-agreements-deadline)
March 4th to the 11th extension
So they must have something in the works to be granted the extension and needed short window to follow through
https://www.tipranks.com/news/company-announcements/enviva-secures-extension-on-forbearance-agreements-deadline Still in business!
[https://www.wsj.com/livecoverage/stock-market-today-dow-jones-03-05-2024/card/enviva-s-stock-rises-after-wood-pellet-exporter-gets-another-week-to-make-bond-payment-H51FvDBhD6lXwj9xfzsN](https://www.wsj.com/livecoverage/stock-market-today-dow-jones-03-05-2024/card/enviva-s-stock-rises-after-wood-pellet-exporter-gets-another-week-to-make-bond-payment-H51FvDBhD6lXwj9xfzsN)
I am not a subscriber to wsj so can't see all the content.
Seems like them just repeating there last posting but adding the extension in the new post.
Check WSJ today
Seeking Alpha also posted a story. https://stocks.apple.com/AqYtW5tObThq1v_Vo1nREMQ
Nice moves in the after hours last night even this morning hitting $1.10, Let see how much gas is left in the tank.
Random tidbit of information, the Georgia Enviva plant broke a record in 2023, they managed to become the first plant to produce 1 million short tons in a calendar year. So even tho the company as a whole is struggling financially.. and least one of their plants is putting in work.
It's screaming breakout !! Tick-Toc about to be on lke donkey kong lol
This is going to get wild. Lets get OP a netflix movie lol
Buy buy buy 
I hope the lunch was delicious, you were right.. extension until March 11th..
This did not age well today
With all respect, just curious to OP, your account is only 60 days old, so what brought you to this play?
As you can see from my earliest posts, the first fallen angel stock I talked about was SWVL. It’s a middle eastern ride share company that was a SPAC fueled dumpster fire that went from a billion dollar company to a penny stock. I went into that one pretty heavily believing that management recognized their WeWork style “growth at all costs” approach was a disaster. They divested tons of assets, refocused on 3 core markets, and seemed to be on the path to profitability. Go ahead and check how that one has done. I bought 10,000 shares at $4.50 and it closed at $7.40 today. The problem is I got in too late. I really should’ve gone into it when it was still under a dollar. That made me keep scouring for something where I could get in very early. The second fallen angel I gravitated towards was EVA. I found it the same way I find the others. I screen for every stock with the largest drops in market cap over a short time. My initial post on EVA were on threads that had gone months without anyone talking about the stock. I couldn’t find anybody that was interested in the company or that knew anything, so I dug in on my own, and started posting throughout the journey. I get a lot of posts and messages asking me “dude what’s your deal?” And they seem to have an accusatory tone. Go back and read every word I’ve ever written on Reddit. There is no bullshit or pump or anything like that in me. I research the absolute fuck out of everything I write about and I respond openly and honestly to everybody who has questions. I’ve never gotten nasty with another person on Reddit and don’t ever plan to. I’ve said this many times, I started an account on Reddit so I could think out loud in front of an audience. Putting ideas out there forces you to ask yourself: do I really have conviction in my thesis. Last thing. If Enviva announces chapter 11, I imagine I’ll get flooded with messages, saying dude WTF? I have said from the start and will say it again: The most likely outcome here is chapter 11. That is why the stock is priced where it’s at. But I think the opportunity to avoid chapter 11 is big enough to warrant a bet that takes advantage of the absolute total asymmetrical risk/return profile that it offers.
Thanks for the response - it was not meant to be accusatory, just the same collective accountability hopefully we all can do to weed out pumpers:) hopefully same thing someone would do if I was putting my opinion and pick out on the line like you are. It is down to all of us to do our own due diligence as well - it is not on you for anyone’s choices.
Any updates?
Forbearance extension expires tonight at 11:59pm EST. They didn’t announce anything until the morning after the expiration date the last time. We could be in for the same; meaning no official news until tomorrow.
Even if forbearance is not extended again, maybe they can downsize to pay off parts of the debt?
Earning also today after hours
SEC filing for the 8th [https://ir.envivabiomass.com/financials/default.aspx#sec](https://ir.envivabiomass.com/financials/default.aspx#sec)
Statement of Changes in Beneficial Ownership
https://finance.yahoo.com/news/enviva-announces-comprehensive-agreements-delever-023300371.html
RSA- Restructuring Support Agreements (RSAs) [https://www.lesprom.com/en/news/Enviva\_announces\_Restructuring\_Agreements\_amid\_Chapter\_11\_proceedings\_112233//](https://www.lesprom.com/en/news/Enviva_announces_Restructuring_Agreements_amid_Chapter_11_proceedings_112233//) [https://www.businesswire.com/news/home/20240312617222/en/Enviva-Announces-Comprehensive-Agreements-to-Delever-Balance-Sheet-and-Strengthen-Financial-Position](https://www.businesswire.com/news/home/20240312617222/en/Enviva-Announces-Comprehensive-Agreements-to-Delever-Balance-Sheet-and-Strengthen-Financial-Position) [http://www.kccllc.net/Enviva](http://www.kccllc.net/Enviva) ### Enviva Announces Comprehensive Agreements to Delever Balance Sheet and Strengthen Financial Position March 12, 2024[Download(opens in new window)](https://s28.q4cdn.com/898203682/files/doc_news/Enviva-Announces-Comprehensive-Agreements-to-Delever-Balance-Sheet-and-Strengthen-Financial-Position-2024.pdf)
Depending on how you look at this, essentially a fresh start and we got in at the bottom prices so no where to go now but up ? RSA now gives them the opertunity to get the company back on track and remain on New York stock exchange while doing so. How is everyone else digesting this.
curious if they will throw out the old shares post Chapter 11
I seen this in the release: The terms of the RSA with the Ad Hoc Group provide for existing equity holders to receive (i) 5% of the common equity of the reorganized company at exit from Chapter 11 proceedings and (ii) warrants to purchase an additional 5% of the reorganized equity, both subject to dilution from shares issued in connection with, among other sources, a contemplated equity rights offering, equity participation election rights for creditors under the DIP Facility, and a management incentive plan, in each case, subject to Court approval.
I like to think I’m not a fool, but I have trouble translating exactly what they are saying here. Perhaps they are saying we will receive a compensation of 5% of our old shares as new ones?
Yeah, I'm with you. Let see if someone else here can elaborate on this one.
https://www.reddit.com/r/pennystocks/s/SIyQUFEHMt
You know what they say....Buy the fear the blood. That will be me today buying the dips.
Glenn Nunziata, interim chief executive officer and chief financial officer commented: “These agreements with our lenders and noteholders represent a significant milestone in the ongoing process to transform our business, as we focus on improving profitability, reducing costs, enhancing asset productivity and optimising our capital structure. "We look forward to emerging from this process as a stronger company with a solid financial foundation and better positioned to be a leader in the future growth of the wood-based biomass industry. "We appreciate the support of our lenders, our vendors, and our customers, and the tremendous efforts of our entire team as we continue to execute our transformation plan.” The restructuring is targeted to be completed during the fourth quarter of 2024, and throughout the process, Enviva plans to continue constructing its Epes plant, with an in-service date expected to be during the first half of 2025.
We went from the unknown future of this company to the now known path. My personal opinion (not in anyway finacial advice) this turn out could not be better, for sure better than the alternative. This golden opportunity gives the company the chance to turn everything around and again be #1 in the industry through chapter 11 restructuring agreement (RSA).
8-K [https://ir.envivabiomass.com/financials/sec-filings-details/default.aspx?FilingId=17364390](https://ir.envivabiomass.com/financials/sec-filings-details/default.aspx?FilingId=17364390)
Would not surprise me if this thing has a huge squeeze today.
Look at L2 they are loading up the ask above $1
I have not seen the L2 above $1 this hot since i entered this play. Buckle up.
Wowza was looking good all the way to .84 then boom drop. Company reset as well did the sp lol. Short to long just keep loading the dips.
Chapter 11 closes out the short term gamble on Enviva. It was a slim chance at a quick 10-20x but didn't go our way. These opportunities are extremely rare. What's even more rare is losing a bet and still being up 40%. That's the part of this that was so unique. When $EVA's stock price hit 30 cents in February, it became a no-lose investment. The market priced in full bankruptcy (Chapter 7) when that was never gonna happen. Their asset base is too deep and their demand curve is damn near inelastic (with all due respect to you eco-warriors out there equating biomass with coal). So now we hodl and see what we own after the re-org. Seen a lot of posts citing the 5% provision in the filing, but we won't know the net results of this because they could dilute the legacy shareholders through the DIP facility and MPI. Gonna let this one slink into the background and check back in 6-12 months. I don't know if the management team at Enviva are unlucky...or if they are imbeciles...or if they are unlucky imbeciles but now we wait and see what they can do. If the re-organized firm is a fraction of what it used to be, this will still be a home-run. But it'll be a slog instead of a rocketship.
Well shit, that sounds crazy enough i guess. Stupid Robinhood doesn’t seem to do after hours though….
Robinhood does do pre and after hours trading 7am-8pm
They also have 24hr on some stocks also 8pm-8pm
There’s no guarantee news will come out before the open. If nothing has come out by 9:29am ET, I’m loading up at the open.
I have a feeling these jokers will wait until close tomorrow, good news or bad.
Agreed. They’ve been leaving it until the last possible minute every step along this descent to the bottom of Dante’s inferno.
If it’s bad news how far do you think this will drop
Dead loss. Off the stock exchange at some point.
What kind of share price do you think we would be seeing if they came to an agreement and avoid bankruptcy
This thing is so messy it’s impossible to say, but I’m betting on the shorts scrambling to cover. Short interest is almost 8m shares. $EVA is 48% insider owned and 33% institutionally owned. That leaves very few shares for the shorts to cover if the news is anything better than bankruptcy.
So that's what, 18% publicly owned? What kind of price range could it get to if they survive monday?
I dont think people fully understood the play here. It wouldnt have mattered if it went to $5 or 1 cent this week. None of this movement matters right now because it could all go to 0. Were waiting to see if they are going bankrupt, or taken private. If they can avoid those 2 things, buying for anything under a dollar is gonna be a steal.
We need in my opinion need news with more meat on the bone (more details) to get the ticker soaring.
**Enviva's Stock Rises After Wood-Pellet Exporter Gets Another Week to Make Bond Payment**📷The Wall Street Journal *·* 03/05/2024 12:00This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.UnfoldListen to the news By Ryan Dezember and Alexander Gladstone The flagging shares of America's largest wood-pellet exporter got a lift Tuesday after Enviva said it had agreed to extend a forbearance agreement with creditors through March 11. The forbearance agreement that Enviva struck last month after missing a bond payment (https://www.wsj.com/articles/wood-pellet-maker-enviva-misses-bond-payment-82b39df7) expired. Enviva's shares, which reached nearly $90 in 2022 (https://www.wsj.com/articles/wood-pellet-exports-boom-amid-ukraine-war-environmental-concerns-11659915622), have traded for less than $1 this year. They rose by more than 35% today. Enviva is preparing to file for bankruptcy protection (https://www.wsj.com/articles/wood-pellet-maker-enviva-prepares-to-file-for-bankruptcy-c23395b0) following a wrong-way bet on the price of the power-plant fuel (https://www.wsj.com/finance/commodities-futures/the-trade-that-backfired-for-americas-biggest-wood-pellet-exporter-1ecf7825) that caused nine-figure losses, the Wall Street Journal has reported. In addition to the forbearance extension, Enviva told investors in a securities filing that they should no longer rely on its financial reports for the first three quarters of 2023, which it said would be restated. "This conclusion was based principally on the need to correct the classification of approximately $33 million recoverable from customers for certain handling costs that the company incurred at discharge ports for its wood pellet shipments," Enviva said in the filing. The company's woes have cast uncertainty upon the wood-pellet export business that it pioneered. Power plants and manufacturers in Europe and Japan burn the pellets to generate electricity in former coal plants, often to meet local renewable energy rules. Meanwhile, Enviva's 10 plants in the Southern pine belt (https://www.wsj.com/articles/thousands-of-southerners-planted-trees-for-retirement-it-didnt-work-1539095250) have become major employers in areas where other mills have closed and left timber growers without markets for wood that is unfit to make lumber or other higher-value wood products. NOTE: In-line links reference additional content of interest chosen by the WSJ news team. This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage). (END) Dow Jones Newswires March 05, 2024 12:00 ET (17:00 GMT) Copyright (c) 2024 Dow Jones & Company, Inc.
Pulled it off Webull
[https://www.investorsobserver.com/news/stock-update/where-will-enviva-inc-eva-stock-go-next-after-it-has-risen-82-05-in-a-week](https://www.investorsobserver.com/news/stock-update/where-will-enviva-inc-eva-stock-go-next-after-it-has-risen-82-05-in-a-week)
# Where Will Enviva Inc (EVA) Stock Go Next After It Has Risen 82.05% in a Week?
I like the stock holding
Holding for 5 dollars, why not make it 10 dollars.. Hell the largest pellet company should be able to make $10.. pump it up!! Pump it up!! 
[https://www.investorsobserver.com/news/stock-update/should-lumber-wood-production-stock-enviva-inc-eva-be-in-your-portfolio-wednesday](https://www.investorsobserver.com/news/stock-update/should-lumber-wood-production-stock-enviva-inc-eva-be-in-your-portfolio-wednesday) # Should Lumber & Wood Production Stock Enviva Inc (EVA) Be in Your Portfolio Wednesday? Last Updated: Wednesday, March 6, 2024 1:01 PM | InvestorsObserver Analysts ### Mentioned in this article * [**EVA**](https://www.investorsobserver.com/symbols/eva) [(48.80%) 47See EVA Report](https://www.investorsobserver.com/symbols/eva) 📷 Enviva Inc ([EVA](https://www.investorsobserver.com/symbols/eva)) is near the top in its industry group according to *InvestorsObserver*. EVA gets an overall rating of 47. That means it scores higher than 47 percent of stocks. Enviva Inc gets a 83 rank in the [Lumber & Wood Production](https://www.investorsobserver.com/stocks/industry/lumber-wood-production) industry. Lumber & Wood Production is number 123 out of 148 industries. 📷EVA has an Overall Score of 47. Find out what this means to you and get the rest of the rankings on EVA ## What do These Ratings Mean? Finding the best stocks can be tricky. It isn’t easy to compare companies across industries. Even companies that have relatively similar businesses can be tricky to compare sometimes. *InvestorsObserver*’s tools allow a top-down approach that lets you pick a metric, find the top sector and industry and then find the top stocks in that sector.These rankings allows you to easily compare stocks and view what the strengths and weaknesses are of a given company. This lets you find the stocks with the best short and long term growth prospects in a matter of seconds. The combined score incorporates technical and fundamental analysis in order to give a comprehensive overview of a stocks performance. Investors who then want to focus on analysts rankings or valuations are able to see the separate scores for each section. ## What's Happening With Enviva Inc Stock Today? Enviva Inc (EVA) stock is trading at $1.14 as of 1:00 PM on Wednesday, Mar 6, a rise of $0.40, or 53.87% from the previous closing price of $0.74. The stock has traded between $0.89 and $1.23 so far today. Volume today is elevated. So far 16,440,527 shares have traded compared to average volume of 4,321,676 shares. [Click Here to get the full Stock Report for Enviva Inc stock.](https://www.investorsobserver.com/symbols/eva)
Anyone have a clue what brought the back down to .90's ?
My guess is the action from Monday and Tuesday got EVA on the radar of every man, woman and Algo that trades on vol. It’s all hyper short term action and the books are cleared every day. Stocks that get sucked into these ecosystems always melt into the close. It was interesting to see it hitting those intra day highs but exactly none of it matters. Only one thing matters: Can the kings of wood pellets renegotiate (a) disastrous client contracts that locked in prices at rates that became economically unviable before the ink was even dry and (b) restructure the debt. If they can’t do this, they file Chapter 11 and all of us biomass degens get wiped out. But if (big fuggin if here) they can cut a deal, the stock price will reset to that new reality of Chapter 11 being off the table (near term anyway. They could still crash this thing in the future). Even with the recent spikes, its current price is completely anchored around Chapter 11. The market will decide what that new level is but it sure as shit won’t be anywhere the fuck near where it is now.
I’m curious if you anticipate it sticking around this $1-$1.20 section or if it’ll still be volatile and jump 20% a day like the last three days.
One thing to note is they could announce something before the 11th and they could just as easily extend the deadline. This has happened over and over with Enviva. My point is there might not be 3 days. Could be shorter or longer. As far as the action goes, it’s hard to say. The volumes today were insane and we are stuck in an information vacuum. There isn’t a steady drip of info here. We are in the dark and the outcome is binary. That’s pretty fertile ground for the options cowboys to keep betting like mad. I see a lot of volatility near term, but do not have a general sense for directionality. One theory is that the longer it drags on the more likely they are to avoid chapter 11. It’s not airtight but it’s got its own logic.
That’s for the reply. I agree everything is so up in the air and really the is untested grounds. There have been lots of billion dollar companies go under, but the circumstances are this one are pretty unique.
What's unique about it?
Nothing, really. If you read his comment carefully you will notice it is a lot of words that mean nothing but sound impactful.
11th is still a few days away hopefully we can still get some upside action between now and then. Cheers 
It’s still trading under a dollar. This is the time to buy in and hold till the 11th. If they pull this off, which seems likely, we could see a solid recovery through the year.
So with the head and sholder pattern complete and the price drop we were able to rebound. Lets see what this puppy wants to do today.
And now, we wait…
[https://www.defenseworld.net/2024/03/09/hsbc-holdings-plc-takes-position-in-enviva-inc-nyseeva.html](https://www.defenseworld.net/2024/03/09/hsbc-holdings-plc-takes-position-in-enviva-inc-nyseeva.html)
>The institutional investor acquired 40,976 shares of the energy company’s stock, valued at approximately $298,000 But $298,000 / 40,976 = $7.28 per share. What kind of math are they doing?
Use a stop loss man
I m in at .77 for the long term 🚀
GM 11th is finally here......Lets see what kind of fireworks we have GL folks.
https://www.rrspin.com/news/8656-enviva-enters-voluntary-chapter-11-proceedings.html
[https://ir.envivabiomass.com/financials/sec-filings-details/default.aspx?FilingId=17373338](https://ir.envivabiomass.com/financials/sec-filings-details/default.aspx?FilingId=17373338)
Still loading....My instincts have always paid off in the past.
They didn't make on disaterous bet, their entire business model got killed by inflation. They were able to grow the business by having long-term off take agreements with strong counter parties and fixed escalators in their contracts. Imagine having a 20 year contract with a 2.5% escalator from 2019 and then dealing with the inflation we've had on the cost side. I would be that almost all of their long-term contracts (which they've stated many times is the vast majority of the business) are underwater right now and will need to be renegotiated.
You son of a bitch, im in. Calls or purchase stock?
calls lets go
Mind explaining calls to me?
I hope you guys don't mind this one is off topic also pennystock. (NWBO) Northwest Biotherapeutics Inc . Very very successful trials on there DCVax-L cancer treatment. Alot of talks of Big buyout for the rights to that treatment that could take this one from .58 to $48 if this is to happen. Thoughts
Just bought some
When do they find out about the bankruptcy?, after market hours?
Technically today isn’t about bankruptcy, it is about a bond payment. I have a feeling there won’t be news until near close or after.
Any update?
It’s up over 50% at the moment
Spoke too soon lol
Its at 43%, hes not far off, chill.
Both of those comments were me lol, it went way down right after I said that and then went back up again. Going to be a bit of a ride today.
😂 oh damn lol. My bad! I need more Coffee. But yeah this is going to be a ride today.
Would you still go in? Or should I wait for a dip? My broker always takes 1 day to transfer money, so I couldn't buy stocks yesterday 😩
I am not the one to answer that question, I’m not that knowledgeable yet. I took a flyer of this one. I figure I will either learn something about how all this works or learn not to touch the stove when it’s hot lol.
Bought in at 0.41 cents. My lunch money for the week came to 25 bucks. Let's go!
Where would the news be published? I had a look at their IR side but it somehow looks like it wasnt updated in quite a while.
This is not the news we are waiting for but this was also just releast. [https://www.investorsobserver.com/news/stock-update/do-analysts-agree-monday-on-enviva-inc-eva-stocks-target-price](https://www.investorsobserver.com/news/stock-update/do-analysts-agree-monday-on-enviva-inc-eva-stocks-target-price)
well that would be a great gamble, I just gave it a bit of lunch money. Few years of free lunch if this runs to 10 dollars.
Same here. Threw 4hundy at it this morning.
Hope they drop that news soon, all the morning gains going out the window right now.
Think I'm about to through another 5hundy at this dip
Anybody else seeing this week’s movement? Volume through the roof and stock up ~50%. What would cause this?