Someone dumped 30,000 could be a leak
If they don't cover here there is more pain to come
Looks like it is oversold to me that's why I came back after selling over a year ago. From what I can see the business still works to make profit and a dividend, but has downsized in total revenue. The company is smaller i.e.no growth. I was sold on idea that low oil would create a very profitable WNR but its the management that has allowed revenue to fall. Still as a percentage of the shrink it should trade around $25 Which is why I'm here looking for the bottom to buy in.
Must be the Aruba refinery VLO let it go no profit in it CITCO may make it work wait and see in any case not real competition for VLO so just a market over reaction
On the Fools website:
On June 2, Clean Energy Fuels Corp (NASDAQ:CLNE) announced that it had been awarded a five-year contract with the City of Santa Monica, California to provide Redeem, the company's brand of renewable natural gas, for the city's "Big Blue Bus" public transit system.
What does the deal mean for Clean Energy Fuels, both in the short and long term? Let's take a closer look at the details, and what it can tell us.
Breakdown of the deal
The City of Santa Monica's Big Blue Bus has been a Clean Energy Fuels customer for a number of years, and the company has clearly done a solid job for the city. Santa Monica, located in the greater Los Angeles metropolitan area, faces some of the most-aggressive emissions standards in the U.S. Furthermore, the city's residents also tend to be environmentally conscious, so there's a lot of momentum for its public transit to operate as environmentally friendly as it can.
According to the press release, this five-year deal will be worth approximately $3 million per year, and will provide liquefied natural gas, or LNG, for the Big Blue Bus fleet of 200 natural-gas-powered city buses. The city also disclosed in the release that it would replace the engines in 100 of its buses with the CWI 8.9L ISL G Near Zero natural-gas engine during the next three years. The engine is manufactured by a joint venture between engine-maker Cummins and Westport Innovations, and is called Cummins Westport.
Environmental impact of Redeem offsetting cheaper diesel prices
In short, this is more evidence that the environmental benefits of natural gas -- particularly renewable natural gas -- continue to play a big role in the decision that fleet operators make when it comes time to replace or add vehicles, even as diesel prices stay low:
Sentiment: Strong Buy
Agree but they will keep dumping as they are fired as part of cost cutting measures underway could last until next company anouncement
Was going to make a post about chart resistance at $13 then saw your post IMO we test $13 next week