In a research report issued yesterday, Canaccord analyst John Quealy maintained a Hold rating on shares of Westport Innovations Inc. (USA) (NASDAQ:WPRT) with a $6.00 price target, after the gas engine company released its second-quarter results, posting revenues/GAAP EPS of $27.85M/$(0.32) compared to Quealy estimates of $25.7M/ $(0.41) and the Street at $28.1M/$(0.29).
Quealy wrote, “Impressively, streamlining of the platform continues to be aggressive (including noncore asset sales, ~$50M of potential value moving towards expected completion in the Q4 timeframe), as the company positions itself for better leverage with improving end-market fundamentals (goal of consolidated positive adjusted EBITDA in mid-’16 stays on track). Here, we note that combined operating expenses for the company have declined by ~$22M vs. H1/14 (along with much better cash burn).”
The analyst concluded, “Macro oil price challenges keep share volatility high (exacerbated by challenges in Europe/China), while the company works to introduce engine platforms, book orders and perhaps most of all – conserve cash – in 2015. A recent shelf filing likely foreshadows additional fundraising activity. We continue to see inherent value in the underlying technology platform.”
flintstone technology meets high tech
if you cant reach the owners online
you cant reach them
you need to make the entire business on line
there must be ways to attract the business owners all online
door to door ? are you kidding me ?
Registration Statement for Securities of Certain Canadian Issuers Under the Securities Act of 1933 (f-10)
Date : 07/24/2015 @ 5:32PM
Source : Edgar (US Regulatory)
Stock : Westport Innovations - Ordinary Shares (MM) (WPRT)
Quote : 3.9099 -0.3501 (-8.22%) @ 2:52PM
PRELIMINARY SHORT FORM BASE SHELF PROSPECTUS
New Issue and Secondary Offering July 24, 2015
Title of Each Class of
Securities to be Registered
Registration Fee(3) $66,904.66
Common Shares, Preferred Shares, Subscription Receipts, Warrants, Debt Securities and Units(3)
EU Approves Major Natural Gas for Transportation Projects Under CEF
July 19, 2015 | Europe
EU Member States represented in the Connecting Europe Facility (CEF) Coordination Committee have approved the allocation of EUR 13.1 billion (USD 14.3 billion) to support a total of 276 projects selected following the first transport calls for proposals under the CEF, published in 2014. 2014 has been the first programming year under the CEF. At least 27 natural gas for transportation projects are included, attracting CEF funding of almost EUR 235 million (USD 256m).
Transport Commissioner Violeta Bulc said “I am very pleased that following constructive discussions in the CEF coordination committee, the Member States approved our proposal for the largest investment plan ever made by the EU in the transport area. The projects we selected will contribute to creating jobs and boosting growth in Europe. They will ensure smooth transport flows for passengers and contribute to our economic competitiveness.”
The 2014 CEF transport calls were the largest to date for TEN-T projects, attracting over 700 project proposals totalling more than EUR 36 billion (USD 40 billion) of requested funding. The Commission has prioritised projects with the highest European added value, ranging from small studies to enhance the environmental performance of transport to flagship cross-border infrastructure works. Whatever their size or location, the selected projects, which span across all modes of transport and EU Member States, will upgrade infrastructure and remove existing bottlenecks whilst also promoting intelligent transport solutions and alternative fuels
The Anglo-Dutch energy giant is betting on crude rising to $90 a barrel by 2020, a key assumption in its move to buy rival BG Group for $70bn to help transform it into a leading player in the costly deep water oil production and liquefied natural gas markets.
“We are not banking on an oil price recovery overnight. It will take several years but we do believe fundamentals will return,” said Andy Brown, upstream international director at Shell, who oversees oil and gas production outside North America.
In the nearer term, Shell expects Brent crude oil to show only a modest recovery from the current $58 a barrel, with 2016 prices forecast to average $67 a barrel and $75 a barrel in 2017 — based on the company’s BG offer.
What happens when OIL goes to $40/bbl? $30/bbl?
Now that will really move the needle
What happens when OIL goes to $80/bbl? $70/bbl?
taffytaffty • 45 minutes ago
The entire country of Finland is smaller ( population) than several US cities and nearly every state! YAWN !
True......but it gives you insight into where forward looking countries are going.......
CEF Funds Finnish Study Seeking to Expand Fuel Station Network
July 18, 2015 | Finland,
The European Commission has granted EUR 2.65 million (USD 2.9m) in financial support to a Gasum project studying the opportunities to develop a new kind of LNG refueling station network for heavy-duty vehicles. The project will involve Finnish natural gas importer and retailer Gasum constructing four pilot stations within the TEN-T Core Network in Helsinki, Vantaa, Turku and Jyväskylä, Finland.
Gasum is strongly committed to the development of gas vehicle use. The demand for clean and affordable road fuel gas is increasing sharply all the time, and opportunities to switch to gas as a road fuel are further improved by the expanding supply of gas vehicles and the growing station network. Compressed Natural Gas (CNG) is currently used to fuel buses and light vehicles. The EU support granted makes it possible to also provide heavy-duty vehicles with access to natural gas in its liquefied form (LNG). The infrastructure being constructed will also enable the use of liquefied biogas in heavy-duty transport.
Gasum applied for Connecting Europe Facility (CEF) support to explore the opportunities to construct an LNG/L-CNG refueling station network and the deployment and testing of four pilot stations. The positive financial support decision enables the realization of the project and the construction of the pilot refueling stations in the next two years. The project is expected to cost around EUR 5.3 million in (USD 5.8m) total.
The purpose of the Gasum project is to study the regional market potential, optimal technical configurations and operating aspects for the development of the road vehicle refueling stations network in areas outside the current gas network. The project contributes to the TEN-T Core Network, the implementation of the objectives of Directive 2014/94/EU and the development of the market for alternative propulsion s
Pcmountaindog...this is a dead company
It certainly is acting like a dead company....
But natural gas is pretty good stuff and we sure have plenty of it
I am betting you are wrong....and if you are...I am going to be very rich....
Westport Innovations Upgraded to “Buy” at Zacks (WPRT)
July 16th, 2015
Westport Innovations Inc. logoZacks upgraded shares of Westport Innovations (NASDAQ:WPRT) from a hold rating to a buy rating in a research note released on Wednesday morning, MarketBeat reports. They currently have $5.50 target price on the stock.
According to Zacks, “WESTPORT INNOVATIONS INC. is a leading global supplier of proprietary solutions that allow engines to operate on clean-burning fuels such as compressed natural gas, liquefied natural gas, hydrogen, and biofuels such as landfill gas. Cummins Westport Inc., Westport’s joint venture with Cummins Inc., manufactures and sells the world’s broadest range of low-emissions alternative fuel engines for commercial transportation applications such as trucks and buses. BTIC Westport Inc., Westport’s joint venture with Beijing Tianhai Industry Co. Ltd., manufactures and sells LNG fuel tanks for vehicles. “
Waste Collection Fleet in Quebec Chooses CNG
July 15, 2015 | Canada, Magog QC
Sani-Estrie CNG-powered waste collection vehicleIn Québec’s southern eastern city of Magog, the city’s contracted waste collection company Sani-Estrie has commenced operations with compressed natural gas (CNG) powered dump trucks. The Sherbrooke-based family business currently boasts nine CNG trucks, five of which will be used for waste collection in Magog.
To facilitate fuel supply, Gaz Métro’s subsidiary Gaz Métro Transport Solutions (GMTS) provided a compression station on Sani-Estrie’s Sherbrooke site. The new fleet, now in operation, has been refuelling through the Gaz Métro network since July 1.
The shift towards greener transport was lauded by the City of Magog: a fuel that’s not only cheaper, but also more environmentally friendly. “We are very excited about the new trucks, which will let us enjoy the many benefits of natural gas, especially on the economic and environmental levels,” said Sani-Estrie’s Vice-President, Sylvain Gagné. “Staying at the fore of transport trends is vital if we are to increase our competitiveness in the field of waste collection.”
The nine CNG trucks—two tractor-trailers, two roll-off trucks and five dump trucks—are the first of a total of 30 to be delivered over the next five years. In addition to generating medium- to long-term savings for Sani-Estrie, the new fleet will cut greenhouse gas emissions by as much as 18%. The fact that natural gas engines are also up to 10 decibels quieter will also improve quality of life in the community.
The switch to natural gas gives Sani-Estrie an edge with prospective customers who, like the City of Magog, are concerned about reducing emissions. “We chose to be proactive in finding the best and most cost-effective solutions to reach and even surpass the environmental targets set by the Québec government,” said Mayor Hamm. “Sani-Estrie offers greener and quieter waste collection. This is a concrete example of ho
By 2050 the world population will have risen from 7 to 9 billion that's not a big increase......
Really.? That's not a big increase ?
While visiting the Southwest Texas Research Institute in June, Shell Lubricant’s global experts gave us a look at what the future holds in store for energy—particularly energy of the petrochemical variety. According to Dr. Selda Gunsel, vice president of Shell’s global commercial technology, by 2050 the world population will have risen from 7 billion to 9 billion. That’s not a big increase, but due to rising prosperity in the less developed world, this is likely to result in a 200-percent increase in global energy demand. RELATED Low-viscosity oils are only the beginning; new EPA diesel fuel economy rules will significantly impact your future While wind, solar and other forms of energy will likely increase the fact remains that two-thirds of all vehicles will still use current engine technologies and liquid fuels. One of those fuels Shell is touting is liquid natural gas or LNG. LNG is methane, mostly, chilled to the point where it becomes a liquid and it can be used in modified engines. According to the company, there are more than 230 years worth of LNG in the ground and LNG could meet one-fifth of global gas needs by 2020. What’s more, replacing coal with gas for electricity generation is the fastest way to meet carbon dioxide reduction targets, given that gas-fired power plants emit half the carbon dioxide as coal fired plants. But one of the great benefits of the boom in natural gas production is that the gas doesn’t necessarily have to remain a gas. Shell recently built the Pearl Gas-to-Liquids plant in Qatar, the largest plant of its kind in the world turning natural gas into liquid fuels and lubricants. Methane, as it turns out, is a wonderfully versatile and useful molecule. Shell is also helping advance the use of natural gas engines, such as those made by Cummins-Westport and others, by developing an engine lube oil specifically for these engines. The Shell Rotella T3 NG and T5 NG oils for natural gas engines will be launched in North American in the
Central Arkansas Transit Authority unveiled its new compressed natural gas fueling station Tuesday, which is the first step in a plan to transition its entire fleet of buses to CNG instead of diesel within the next 10 years.
“It is helping us modernize out fleet. CNG is much more cost effective than diesel, it’s better for the environment, and through this project we’ve shown that there’s a strong partnership between both the public and private sector to fund important trends in infrastructure,” says Jarod Varner, executive director for Central Arkansas Transit Authority.
With the help of many partners including the cities of Little Rock, North Little Rock, Maumelle, and Pulaski County, CATA was able to fund the station.
The first 15 buses are arriving this month, but the station has the capacity to fuel up to 55 buses in an 8 hour period.
“Our next step as we continue to retire old buses and with the available funds to purchase new buses, we will purchase CNG buses,” Varner said.
3 weeks ago
CNG stations to triple in NCR: Petroleum minister
New Delhi, July 13 (IANS): The government plans to triple the current CNG stations in the national capital region (NCR) for boosting use of the clean fuel, Petroleum Minister Dharmendra Pradhan said here on Monday.
"We have a scheme to triple the number of CNG stations in the national capital region as part of a scheme for a Green Energy Corridor being drawn up for implementation in the next two years," Pradhan told reporters here on the sidelines of a petroleum ministry organised seminar on "Bio Fuel Programme in India-The Way Forward".
"The green corridors being planned would go along in all fourdirections from Delhi, to Jaipur, to Chandigarh, to Haridwar and to Agra. There will be many more CNG stations en route," he said.
"Other such corridors being envisaged are the 'triveni' of Allahabad, Kanpur and Lucknow and Mumbai-Pune in the west. A Hyderabad, Andhra Pradesh southern corridor is very much a possibility. Andhra Pradesh is showing great interest, while Bengaluru has already started laying CNG pipelines," he added.
Describing "clean energy as gas-based energy", Pradhan said bio-fuels would contribute to the composition of the green energy corridors.
Compressed natural gas stations continue expansion in state
By SEAN BEHEREC - Associated Press - Sunday, July 12, 2015
LITTLE ROCK, Ark. (AP) - Compressed natural gas stations around the state are seeing gains in fuel sales and demand, despite lower costs this year for traditional fuels.
The number of public stations has nearly doubled over the past 18 months - up to 12 from seven - with at least one company planning an additional site in the next year and a half, Arkansas Business reported
And while drivers recently experienced a break in gasoline prices, the cost of natural gas throughout the state remains well below that of traditional fuels.
According to the U.S. Energy Information Administration, the average price of gasoline nationwide is about 90 cents lower than the same time last year at $2.80 per gallon. By comparison, the highest cost of CNG in the state was $2.49 per the equivalent of a gallon of gas, although many stations were well below that at between $1.05 and $1.60, according to CNGPrices
Mitchell Simpson, the director of the Arkansas Energy Office, said in an interview that lower gasoline prices are usually temporary and would cause only a “marginal dip” in CNG sales.
Natural Gas is the Key to Winning the War on Terror
Jul 9, 2015
It’s past time for America to diversify its transportation demand beyond oil. That’s my message to TIME magazine readers on the seventh anniversary of the Pickens Plan. The truth is we’re funding both sides in the War Against Terrorism, and ISIS is taking full advantage of this.
ISIS is now funding a considerable amount of its activities — perhaps as much as $3 million per day — by illegally selling oil captured in Iraq and Syria on the world markets.
I’ve always said I’m for everything American, and America has made some big gains since I launched the Pickens Plan in 2008. Our production of oil and gas in the U.S. has skyrocketed. So has the efficiency of our vehicles. And if we can expand the market for affordable battery-powered cars, I think we should do that, too.
But our elected officials have yet to take advantage of our trump card: moving our heavy-duty trucks from diesel to natural gas. As the 2016 election approaches, that needs to be our top priority.
We need national leadership, and every candidate for federal office — from Congress to the U.S. Senate and certainly for the presidency — should be prepared to offer a clear, complete, and workable national energy plan. This has to be a key element of the 2016 election cycle. Americans can ill afford being lulled into a false sense of energy security because of temporarily cheaper gasoline prices at the pump.