FUEL - SMF Energy Corporation

Only if you're short.

Daily looks rough but intraday 15 minute I see some solid positive divergence on macd. Maybe it can pop here and I can stop sweating.
Last few days there were big blocks going at bid so hopefully the sellers are done and we get some new blood in here.

Added---
I see buyers cooking up on bid...GO BABY GO! LOL

Positive divergence on the 30 min chart on rsi and macd so she could pop.
My timing was horrible so I'm starting off down big hoping for a big pop.
If your watching ALWAYS wait for confirmation of the pop (trendline break to the upside), divergence or not. Don't be dumb like I am.

The OBV is in the $hitter so we need buyers to come in if this is to recover.

FUEL making a rebound off lows

Some pretty interesting recent developments with this. Closed nearly +20% yesterday...

Form 8-K for SMF ENERGY CORP

14-Mar-2008

Entry into a Material Definitive Agreement, Unregistered Sale of Equity Securitie

Filing here

Source: SMF Energy Corporation

Press Release

SMF Energy Corporation Issues $1.79 Million of New Equity
Friday March 14, 4:52 pm ET

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--SMF Energy Corporation, (NASDAQ:FUEL - News) (the “Company”), a leading provider of petroleum product distribution services, transportation logistics and emergency response services to the trucking, construction, utility, energy, chemical, manufacturing, telecommunication and government service industries, today announced the sale of $1.79 million in equity securities.

The Company issued $1.79 million in equity securities, consisting of 1,985 shares of Series B Preferred Stock. Holders of the 11½% senior secured convertible promissory notes issued by the Company on August 7, 2007 exchanged $1.79 million in principal balance of the notes, plus a portion of the accrued but unpaid interest thereon, into preferred stock. The notes were exchanged at $900.00 per share of Series B Preferred Stock. Each share of preferred stock is convertible into 1,000 shares of the Company’s common stock at a price of $0.90 per share, a 6% premium over the $0.85 closing price of the Company’s common stock on March 12, 2008.

In addition, on March 5, 2008, the Company provided to Nasdaq its plan to achieve and sustain compliance with the listing requirements of the Nasdaq Capital Market. Since the time of the notice from Nasdaq, the Company has increased its shareholders’ equity by more than $4.31 million. The Company will be updating its plan with Nasdaq to reflect the additional equity capital announced today and to confirm the details of its future plans for ensuring compliance with all applicable Nasdaq listing standards.

Richard E. Gathright, President, commented, “We continue to realize the benefits of the support of our investors which has been demonstrated by their actions to increase shareholders equity and further improve our financial position. We recognize that their confidence in the Company is derived from our continuing efforts to improve performance by reducing costs and achieving greater efficiencies in operations. We also believe, however, that all of our shareholders and the market generally, have come to appreciate the value of the acquisition and business combination opportunities before us which are now possible through the improvements in our infrastructure operating abilities. Significant progress has been made on several of these growth opportunities, which we believe could provide substantial strategic and financial value to the Company and its shareholders. As a larger, more diversified business, we would be in a position to generate a significant return on the investments that we have made in our Company over the past several years.”

About SMF Energy Corporation (NASDAQ: FUEL - News)

The Company is a leading provider of petroleum product distribution services, transportation logistics and emergency response services to the trucking, manufacturing, construction, shipping, utility, energy, chemical, telecommunication and government services industries. The Company provides its services and products through 26 locations in the ten states of Alabama, California, Florida, Georgia, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee and Texas. The broad range of services the Company offers its customers includes commercial mobile and bulk fueling; the packaging, distribution and sale of lubricants; integrated out-sourced fuel management; transportation logistics and emergency response services. The Company’s fleet of custom specialized tank wagons, tractor-trailer transports, box trucks and customized flatbed vehicles delivers diesel fuel and gasoline to customers’ locations on a regularly scheduled or as needed basis, refueling vehicles and equipment, re-supplying fixed-site and temporary bulk storage tanks, and emergency power generation systems; and distributes a wide variety of specialized petroleum products, lubricants and chemicals to our customers. In addition, the Company’s fleet of special duty tractor-trailer units provides heavy haul transportation services over short and long distances to customers requiring the movement of over-sized or over-weight equipment and manufactured products. More information on the Company is available at www.mobilefueling.com.

Forward Looking Statements

This press release includes “forward-looking statements” within the meaning of the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Because these statements depend on assumptions as to future events, they should not be relied on by shareholders or other persons in evaluating the Company. Although management believes that the assumptions reflected in such forward-looking statements are reasonable, actual results could differ materially from those projected. In addition, there are risks and uncertainties which could cause future events to differ from those anticipated by the Company, including but not limited to those cited in the “Risk Factors” section of the Company’s Form 10-K for the year ended June 30, 2007 and the in the Form 10-Q for the quarter ended December 31, 2007.


Contact:

SMF Energy Corporation, Fort Lauderdale
Robert W. Beard, Senior Vice President and Investor
Relations Officer, 954-308-4200

Source: SMF Energy Corporation

SMF Energy Corporation Announces Intent to Merge and Consolidate with Refinery Company
Tuesday March 18, 2:25 pm ET

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--SMF Energy Corporation, (NASDAQ:FUEL - News) (“SMF” or the “Company”), a leading provider of petroleum product distribution services, transportation logistics and emergency response services to the trucking, construction, utility, energy, chemical, manufacturing, telecommunication and government service industries, today announced that it has entered into a non-binding letter of intent with Houston-based Lazarus Energy Holdings LLC (“Lazarus Holdings”) to acquire Lazarus Energy, LLC (“Lazarus Energy” and jointly with Lazarus Holdings, “Lazarus”), which owns the Nixon Refinery located 50 miles east of San Antonio, Texas and 70 miles southeast of Austin, Texas.

Lazarus has been working to renovate and bring back into production the Nixon Refinery after purchasing it in 2006. Built in 1981 to environmental specifications meeting today’s requirements and idled since 1993, the Nixon Refinery is expected to re-commence operations by June 2008, with an initial crude oil processing capacity of 15,000 barrels per day, and a projected increase in daily thruput capacity to 20,000 barrels by early 2009.

The Nixon Refinery will process light, sweet crude oil into an initial estimated 220 million gallons per year of petroleum products, with the annual rate expected to increase to 300 million gallons. Those products will include diesel and jet fuel, as well as naphtha and atmospheric tower bottoms, both of which are highly valued by other refiners as feedstock for producing gasoline. The Nixon Refinery is surrounded by high quality local crude production and benefits from direct pipeline access to crude. It has 265,000 barrels of storage on its 56-acre site and is expected to realize a positive transportation differential to the San Antonio market for its finished products, together with access to a number of other refineries for feedstock production.

While some of the products produced by the Nixon Refinery will be delivered by SMF to new and existing SMF customers in the San Antonio, Austin and surrounding markets, SMF will also benefit from the Nixon Refinery production in the rest of its ten (10) state distribution system via the exchange of the Nixon products with other regional refiners. The combined operations are expected to provide SMF with increased supply alternatives, improved supply procurement and credit economics, and to enhance the earning opportunities of the Nixon Refinery. SMF will also provide its enterprise resource management systems, including back office, accounting and reporting systems, to support the combined SMF and Lazarus Energy manufacturing, supply, distribution and marketing operations.

Lazarus Holdings also owns three (3) other idled refineries which are located at Longview, Texas, Mermentau, Louisiana and Church Point, Louisiana. Under the proposed agreement with Lazarus Holdings, SMF will have an option to acquire these additional three (3) refineries which have an aggregate estimated crude capacity of 60,000 barrels per day and annual refined product production of 800 million to 900 million gallons. Upon completion of the acquisition, Lazarus Energy will become a wholly-owned subsidiary of SMF; the owners of Lazarus Holdings will become the majority shareholders of SMF; and the operating management and personnel of Lazarus will become employees of SMF’s refinery unit. It is anticipated that the definitive merger agreement, which will set forth the terms, conditions and valuation of the merger and related options, including the relative ownership of SMF’s existing shareholders and the owners of Lazarus Holdings, will be finalized on or before May 31, 2008.

Cont...

Cont...

Lazarus Holdings was founded by Jonathan Carroll. In 1991, Mr. Carroll partnered with Apollo Management, L.P., one of the world’s largest private equity investment companies, to acquire Direct Gas Supply (“DGS”), a natural gas marketing concern, from British Petroleum. In 1995, Mr. Carroll sold DGS, which had grown from $30 million to nearly $400 million in revenue, to ENSERCH (now part of TXU Corp.). Mr. Carroll then served as President of Enserch Energy Services, a company formed by the merger of ENSERCH, DGS and Sunrise Energy Services, which resulted in an integrated marketing, trading and structured finance unit with nearly $2 billion in revenue. The co-owners of Lazarus Holdings include several senior partners and members of Ares Management LLC and Apollo Management, L.P.

Richard E. Gathright, SMF Chairman, CEO and President of SMF Energy, commented, “The combination of SMF and Lazarus will create an integrated company from refining through distribution. As a result, we will benefit from strong economies of scale, cost efficiencies, increased credit availabilities and the full utilization of the SMF management resources platform we have developed over the last three years. The benefits of our combination with Lazarus include our expected ability to exchange refinery production for products in markets such as Florida where we historically experience tight supplies, and our ability to capture value from the use of our truck fleet to deliver new Nixon Refinery supply into the tightly supplied San Antonio and Austin markets.”

About SMF Energy Corporation (NASDAQ:FUEL - News)

SMF Energy Corporation is a leading provider of petroleum product distribution services, transportation logistics and emergency response services to the trucking, manufacturing, construction, shipping, utility, energy, chemical, telecommunication and government services industries. The Company provides its services and products through 26 locations in the ten states of Alabama, California, Florida, Georgia, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee and Texas. The broad range of services the Company offers its customers includes commercial mobile and bulk fueling; the packaging, distribution and sale of lubricants; integrated out-sourced fuel management; transportation logistics and emergency response services. The Company’s fleet of custom specialized tank wagons, tractor-trailer transports, box trucks and customized flatbed vehicles delivers diesel fuel and gasoline to customers’ locations on a regularly scheduled or as needed basis, refueling vehicles and equipment, re-supplying fixed-site and temporary bulk storage tanks, and emergency power generation systems; and distributes a wide variety of specialized petroleum products, lubricants and chemicals to our customers. In addition, the Company’s fleet of special duty tractor-trailer units provides heavy haul transportation services over short and long distances to customers requiring the movement of over-sized or over-weight equipment and manufactured products. More information on the Company is available at www.mobilefueling.com.

Forward Looking Statements

This press release includes “forward-looking statements” within the meaning of the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Because these statements depend on assumptions as to future events, they should not be relied on by shareholders or other persons in evaluating the Company. Although management believes that the assumptions reflected in such forward-looking statements are reasonable, actual results could differ materially from those projected. In addition, there are risks and uncertainties which could cause future events to differ from those anticipated by the Company, including but not limited to those cited in the “Risk Factors” section of the Company’s Form 10-K for the year ended June 30, 2007 and the in the Form 10-Q for the quarter ended December 31, 2007.


Contact:

SMF Energy Corporation, Fort Lauderdale
Robert W. Beard, Senior Vice President and
Investor Relations Officer, 954-308-4200

San Antonio Business Journal

Wednesday, March 19, 2008
Florida's SMF Energy agrees to buy San Antonio area refinery
San Antonio Business Journal

A Florida company that provides petroleum product distribution services, transportation logistics and emergency response services for the trucking, construction, utility, energy and chemical industries has agreed to merge with Lazarus Energy LLC.

Fort Lauderdale-based SMF Energy Corp. (NASDAQ: FUEL) has agreed to buy Lazarus Energy from Lazarus Energy Holdings LLC in Houston for an undisclosed sum, and with it the company's refinery in Nixon, Texas, just east of San Antonio.

Lazarus has been working to renovate and bring the Nixon refinery back online ever since it bought it in 2006. Originally built in 1981, the refinery has been closed since 1993. However, Lazarus expects to re-commence operations by June.

The Nixon refinery will have an initial crude oil processing capacity of 15,000 barrels per day, giving it the ability to process light, sweet crude oil into some 220 million gallons of petroleum products per year.

By 2009, capacity should be increased to 20,000 barrels per day, giving it the ability to process 300 million gallons of products per year.

The refinery will produce distillates such as diesel and jet fuel, as well as naphtha and atmospheric tower bottoms, which are feedstocks for producing gasoline.

The refinery complex also has 265,000 barrels of storage on its 56-acre site and will have the ability to ship product to new and existing SMF customers in the San Antonio, Austin and surrounding markets.

Lazarus also owns three other idled refineries in Longview, Texas; Mermentau, La.; and Church Point, La. Under this proposed purchase agreement with Lazarus Holdings, SMF will have the option to buy the three refineries, which have a crude oil capacity of 60,000 barrels per day.

Link To Story

Form 8-K for SMF ENERGY CORP

9-Apr-2008

Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; T


Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

As previously reported, on February 19, 2008, SMF Energy Corporation (the "Company") received a letter from the Listing Qualifications Department of the Nasdaq Stock Market ("Nasdaq") stating that the Company did not comply with Marketplace Rule 4310(c)(3) (the "Rule"), which requires the Company to have
(i) a minimum of $2,500,000 in stockholders' equity; (ii) $35,000,000 market value of listed securities; or (iii) $500,000 of net income from continuing operations for the most recently completed fiscal year or two of the three most recently completed fiscal years. On April 8, 2008, based on a determination by its Staff that the Company had provided a definitive plan evidencing its ability to achieve and sustain compliance with the Rule, Nasdaq granted the Company an extension to regain compliance with the Rule. The terms of that extension required the Company to file this Form 8-K on or before April 15, 2008, confirming that the Company has regained compliance with the stockholders' equity requirement of the Rule.

On February 29, 2008, the Company issued 4,587 shares of its Series A Convertible Preferred Stock for approximately $2.52 million in cash and debt and on March 12, 2008, it issued 1,985 shares of its Series B Convertible Preferred Stock for approximately $1.75 million in debt (the "Transactions"). The Transactions resulted in an increase of stockholders' equity of approximately $4.31 million. In addition, the Company received approval from its primary lender to raise up to an additional $1.25 million in equity capital by the sale of preferred stock, including the exchange of as much as $250,000 of 11 ½% Senior Secured Convertible Notes due December 31, 2009, for preferred stock.

As a result of the Transactions, the Company believes that it has regained compliance with the stockholders' equity requirement of the Rule as of March 31, 2008 and as of the date hereof.

Nasdaq will continue to monitor the Company's ongoing compliance with the stockholders' equity requirement. If the Company does not evidence compliance with the Rule at the time of its next periodic report, the Company may be subject to delisting.

The Company's press release, dated April 9, 2008, is filed as Exhibit 99.1 to this Current Report on Form 8-K.



Item 9.01 Financial Statements and Exhibits

(d) Exhibits

Exhibit No. Description

99.1 Press Release of SMF Energy Corporation, dated April 9, 2008.

Source: SMF Energy Corporation

Press Release

SMF Energy Corporation Confirms Compliance with Nasdaq Capital Market Listing Requirements
Wednesday April 9, 9:25 am ET

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--SMF Energy Corporation (NASDAQ:FUEL - News) (the “Company”), a leading provider of petroleum product distribution services, transportation logistics and emergency response services to the trucking, construction, utility, energy, chemical, manufacturing, telecommunication and government service industries, announced today that it believes that it has regained compliance with the stockholders’ equity requirement of Nasdaq Marketplace Rule 4310(c)(3) (the “Rule”).

The Company previously received a February 19, 2008 letter from Nasdaq stating that the Company did not comply with the Rule. Since that time, however, as previously reported, the Company has issued 4,587 shares of its Series A Convertible Preferred Stock for approximately $2.52 million in cash and debt and 1,985 shares of its Series B Convertible Preferred Stock for approximately $1.75 million in debt, increasing stockholders’ equity by approximately $4.31 million.

On April 8, 2008, Nasdaq’s Listing Qualifications Department informed the Company that, based on its determination that the Company had provided a definitive plan evidencing its ability to achieve and sustain compliance with the Rule, Nasdaq was granting the Company an extension of time to regain compliance with the Rule. Nasdaq conditioned the extension on the Company filing a Form 8-K with the Securities and Exchange Commission on or before April 15, 2008, stating its belief that it had regained compliance with the Rule, which Form 8-K was filed today.

Nasdaq will continue to monitor the Company’s ongoing compliance with the stockholders’ equity requirement. If the Company’s Form 10-Q for the period ended March 31, 2008, does not confirm its compliance with the Rule when it is filed, the Company may be subject to delisting. However, based on the transactions recently reported and the Company’s improving financial performance in its third quarter, the Company is confident that its Form 10-Q for the period ended March 31, 2008 will reflect the required stockholders’ equity.

About SMF Energy Corporation (NASDAQ:FUEL - News)

The Company is a leading provider of petroleum product distribution services, transportation logistics and emergency response services to the trucking, manufacturing, construction, shipping, utility, energy, chemical, telecommunication and government services industries. The Company provides its services and products through 26 locations in the ten states of Alabama, California, Florida, Georgia, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee and Texas. The broad range of services the Company offers its customers includes commercial mobile and bulk fueling; the packaging, distribution and sale of lubricants; integrated out-sourced fuel management; transportation logistics and emergency response services. The Company’s fleet of custom specialized tank wagons, tractor-trailer transports, box trucks and customized flatbed vehicles delivers diesel fuel and gasoline to customers’ locations on a regularly scheduled or as needed basis, refueling vehicles and equipment, re-supplying fixed-site and temporary bulk storage tanks, and emergency power generation systems; and distributes a wide variety of specialized petroleum products, lubricants and chemicals to our customers. In addition, the Company’s fleet of special duty tractor-trailer units provides heavy haul transportation services over short and long distances to customers requiring the movement of over-sized or over-weight equipment and manufactured products. More information on the Company is available at www.mobilefueling.com.

Forward Looking Statements

This press release includes “forward-looking statements” within the meaning of the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Because these statements depend on assumptions as to future events, they should not be relied on by shareholders or other persons in evaluating the Company. Although management believes that the assumptions reflected in such forward-looking statements are reasonable, actual results could differ materially from those projected. In addition, there are risks and uncertainties which could cause future events to differ from those anticipated by the Company, including but not limited to those cited in the “Risk Factors” section of the Company’s Form 10-K for the year ended June 30, 2007 and the in the Form 10-Q for the quarter ended December 31, 2007.


Contact:

SMF Energy Corporation, Fort Lauderdale
Robert W. Beard, Senior Vice President and
Investor Relations Officer, 954-308-4200

South Florida Business Journal

Wednesday, April 9, 2008
SMF says it has regained NASDAQ compliance
South Florida Business Journal

SMF Energy Corp. said it has regained compliance with NASDAQ's shareholders' equity requirement.

Tuesday, NASDAQ affirmed that SMF had provided a definitive plan showing its ability to achieve and sustain compliance with the rule, and granted the company more time to regain compliance. NASDAQ said it will monitor SMF, and that if its March 31 results do not confirm its compliance it may be subject to delisting.

The company said it is confident that its results will reflect the required stockholders' equity.

The Fort Lauderdale-based petroleum distribution, transportation and emergency response firm received a letter from NASDAQ in February that said it did not comply with the shareholder equity rule. Since then, SMF (NASDAQ: FUEL) said it has issued 4,587 shares of its Series A Convertible Preferred Stock for about $2.52 million in cash and debt and 1,985 shares of its Series B Convertible Preferred Stock for about $1.75 million in debt. As a result, stockholders' equity increased by about $4.31 million, the company said.

SMF shares closed down 3 cents to 74 cents. The 52-week high was $2.08 on April 13. The 52-week low was 40 cents on Feb. 28.

Link To Story

http://www.mobilefueling.com/




About the Company

SMF Energy Corporation, a Delaware corporation, formerly Streicher Mobile Fueling, Inc. formed in 1996, and its subsidiaries (“SMF”) provide petroleum product distribution services, transportation logistics and emergency response services to the trucking, manufacturing, construction, shipping, utility, energy, chemical, telecommunication and government services industries.

The broad range of services we offer our customers includes commercial mobile and bulk fueling; the packaging, distribution and sale of lubricants; integrated out-sourced fuel management; transportation logistics and emergency response services. Our fleet of custom specialized tank wagons, tractor-trailer transports, box trucks and customized flatbed vehicles delivers diesel fuel and gasoline to customers’ locations on a regularly scheduled or as needed basis, refueling vehicles and equipment, re-supplying fixed-site and temporary bulk storage tanks and emergency power generation systems; and distributes a wide variety of specialized petroleum products, lubricants and chemicals to our customers. In addition, our fleet of special duty tractor-trailer units provides heavy haul transportation services over short and long distances to customers requiring the movement of over-sized or over-weight equipment and manufactured products.

Our sophisticated fueling solutions include the use of patented proprietary electronic fuel tracking control system to measure, record and track fuel dispensed to each vehicle and tank fueled at a customer location. This system allows customer verification of the amount and type of fuel delivered and provides customers with customized fleet fuel data which can be used for various types of management analysis as well as tax reporting. The commercial mobile fueling services we provide offer numerous advantages to customers, including lower labor and administrative costs associated with fueling vehicles; centralized control over fuel inventories and usage; tax reporting benefits; elimination of costs and risks of environmental liabilities associated with on-site fuel storage and dispensing facilities; reduced exposure to employee theft of fuel; and elimination of security breakdowns associated with off-site fueling by employees.

We also provide emergency service and fuel delivery services in response to natural disasters and other widespread emergency conditions, including hurricanes, tropical storms, ice and snow storms, forest fires and earthquakes.

We presently operate a fleet of over 200 specialized commercial vehicles from 26 operating locations serving major metropolitan markets in Alabama, California, Florida, Georgia, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, and Texas. The Company will continue to pursue measured and profitable growth in these markets by selling existing services to new customers, and cross selling new services to existing customers or new services to new customers. In addition, we will continue to pursue expansion through strategic acquisitions of similar or complementary businesses that meet SMF’s criteria for growth and profitability.

We also own over 800 fuel and lubricant storage tanks with in excess of 1.7 million gallons of capacity. These tanks include bulk storage tanks located at our facilities and portable tanks used for the temporary storage and dispensing of fuels and lubricants at customers’ job sites. We deliver portable storage tanks to the customer's job-site or other locations;and reposition, re-supply and maintain them as required, on a scheduled or on a as needed basis.

Contact Information

Corporate Headquarters

200 W. Cypress Creek Road
Suite 400
Ft. Lauderdale, FL 33309

Phone Numbers

Out of State: (800) 383-5734
In State: (800) 423-6224
Office: (954) 308-4200
Inside Sales: (954) 308-4205

Email

JAZZ WHY YOU NOT OVER THIS stock now,, i'm all over it now , ,BOO YEAHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH

Is it time to "fuel" up?

FUEL

FUEL:US SMF Energy Corp
Industry: Retail-Petroleum Prod
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15:59 NASDAQ CM Currency: USD
Price
0.380Change
-0.025% Change
-6.219Bid
0.380Ask
0.400Open
0.410
Volume
124,432High
0.412Low
0.38052-Week High (08/28/08)
0.7152-Week Low (02/20/09)
0.101-Yr Return
-17.391%



EARNINGS
Earnings Past 12 Months
-0.090Quarter Est. EPS (06/09)
-0.03Quarter Est. EPS (09/09)
-0.02Year Est. EPS (06/09)
-0.08
Price/Earnings (Trailing)
N.A.Relative P/E
N.A.Earnings Growth Rate
N.A.Estimated P/E
-6.800



FUNDAMENTALS
Shares (Millions)
15.200Market Cap (Millions)
5.776Float (Millions)
12.982Return on Equity
-195.869
Short Interest
9,508.000Last Dividend Reported
N.A. Dividend Yield (ttm)
N.A.Relative Dividend Yield
N.A.

FUEL

I expect to see Fuel become quite active today