% | $
Quotes you view appear here for quick access.

Westport Innovations Inc. Message Board

  • jonzkelleeyzfanzbase jonzkelleeyzfanzbase Dec 3, 2012 5:05 PM Flag

    wut GENIUS bought in at $28?


    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • He'll be just fine, with a little time. Real question is 'wut' genius is still short with today's news - not the WPRT news, the news from Shell. Last sentence should be of interest to anyone short who thought NG was either a flash in teh pan, or way in the future.

      "This is a global opportunity,” Chief Executive Officer Peter Voser said last month in New York. “The current gas equivalent price per kilometer is double-digit percentage lower than for diesel in the U.S.”

      Gas prices in the U.S. plunged to a decade low this year after companies ramped up output from shale deposits to make the nation the world’s largest producer. Today, U.S. crude oil costs four times more than natural gas on a per barrel basis, allowing Shell to profit from LNG transport projects even after the costs of turning gas into a liquid.

      “Because cost of the equipment, the engines and the liquefaction and distribution is rapidly coming down, we do see better opportunities than we’ve actually thought originally,” Henry said. “The world is refining long, but diesel short by large because the world’s refining complex is producing too much gasoline and not enough diesel,” creating an opportunity for LNG to power vehicles........

      Shell plans to start fuel production at its first small- scale gas liquefaction plant at Jumping Pound near the Canadian Green Corridor route’s halfway point next year. In June, it agreed with TravelCenters of America LLC (TA) to sell LNG to heavy- duty trucks in the U.S.

      “We’ve been surprised how quickly interest has accelerated,” Henry said. “We are already looking at the Great Lakes Corridor and the Gulf coast for shipping and for trucking.”

2.60-0.01(-0.38%)Nov 27 12:59 PMEST