Clean Energy Fuels Corp. Message Board
-
i have never seen a company take a dive without any news?
it makes no real sense? only reason is someone shorted hell out of it at the market open?
where is that boone pickens when we need him.-
Of course there is news. It's given out on a "need to know" basis & we shareholders just aren't in the loop! Could be about the Phoenix contract, Peru, Boone's new LNG plant, the LA, LB ports, negative alternative energy legislation or Boone's $50MM loss on YHOO? Who is to say?
-
jim cramer;
said it's a stock whose value is essentially immeasurable.! only in gallons sold? financials were stated in ambiguous manner.- 1 Reply to debreasystems
-
To me this is the simplest business on its face. They are investing in infrastructure for commodity distribution. Utilization rate of hardware at the start up of a new feuling location, fleet conversion driven utilization increases over time & implementation project management- cost & delivery schedule are about the only metrics you need to evaluate the performance of the management. Yet they have not gone to any effort to simplify their story and there in is the shame. They could be building a continuing, performance supported story about managements ability to identify appropriate customer relationships and execute against those opportunities.
-
my best guess... they must have lost the Phoenix rebid - the one that has cost them $$$ because it was fixed price and they sold off their hedge on Boone's advice that NG would go lower
of course, it also doesn't help that the spread between NG and oil is going against clne's price advantage lately -
volume was huge in the first 30 mins -- dried up a lot since then. someone shorted big at open, or some fund had to sell -- margin, etc. too much volume, too quick -- nothing sustained, so probably an "isolated event." as long as market holds up today, look for it to close the opening gap.
- 1 Reply to tre4tam
-
Your suggestion about a one time event makes sense to me. However, this company has not been great at execution. Slippage with excuses has been the coin of the realm. Lets hope there are no major project slips as they have take or pay contracts for the natural gas supply do they not?
-