These last few weeks of falling oil prices have not been a great time to put the case for biofuels. And so, you wonder a little at whoever advised BDI Biodiesel (advfn page going up shortly) to go public on September 25th.

BDI Biodiesel had set its IPO price at EUR58 a share and right now its around 55. Hardly a success, or at least not yet. As I have commented earlier in this blog, it looks like oil has found a new trading range $60 - $80. And when in the last week oil fell below $60, it quickly recovered. Should it go north of $70 again soon, many biofuel (and solar) stocks might well rediscover their popularity.