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Westport Innovations Inc. Message Board

  • bogwa1406 bogwa1406 Jun 15, 2014 3:09 PM Flag

    Iraq turmoil has just put an ironclad support on oil prices with most likely strong upward movement. Just enhances

    natgas transition not only on the economics but also on availability concerns. The worse things get on oil, the better the outlook for natgas. This just reinforces the risk exposure to any companies using oil derived fuels. On the natgas side..because there has been no big push to get natgas exports going..the commodity remains pretty much landlocked to the US markets so no big threat to price increases which guarantees a rate of return. Anyone think oil will see $70 or $80 anytime soon or natgas +$5.50 or $6....so those numbers keep the economics pretty strong for conversion. JMHO GLTA

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    • yes the turmoil in iraq and syria and Ukraine is great news for natural gas

      .....assuming the world doesn't end....

      • 1 Reply to cancerdotcom
      • It could get pretty nasty, high oil is good for WPRT outlook but with the US and European economies being fairly precarious...it could get ugly for the overall macro markets. There's just not a whole lot of breathing room for the average Joe's consumer wallet. I think we had about a 25 cent bump in gasoline here locally over the weekend...this will bite into the consumer both in real terms and just as importantly in sentiment. People tend to hold back on purchasing when there is doubt going forward. I sold some non-energy stocks this morning..just to build my cash levels higher for what I think might occur which is a substantial sell-off in the broad market in the near future. Never hurts to have cash. JMHO GLTA

 
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