If you are a residential propane customer, call around and check you options. I was "stuck" with a company owned tank and used 1000+ gallons per year. For the last two years they have been charging me $1.40 more per gallon than the going rate in my area (had the tank for 11 years so they paid for it many times over). I was surprised to find another distributor that would dig up their tank and replace it with his for only $100. To fall for the Amerigas free tank installation scam. They will get their money back 10X on your free tank.
On another not they are idiots for not selling the tank. I just called to cancel and was willing to give them $1800 for a 10 year old tank and they told me no. So now I dig it up and they can have it back where it will have to be reconditioned before installing somewhere else.
They should be investigated for price gouging. My builder signed up with Amerigas so I was stuck with their tank. I finally had enough and they had the nerve to ask me why I was switching. I saved over $700 in one fillup (500 gallons x $1.46). My new distributor charged be $100 to come dig up their tank and install his. I am the fifth one on my street in the last 12 months. I don't know they think this is a sustainable model. Trying to get $3.45 delivered price for propane when the wholesale cost is 64 cents in my area is by definition price gouging.
I don't know what the perception is of this company but it trades 100% in lockstep (absent of any special news) with the price of oil. I understand that more the more expensive oil is the more NG makes financial sense up it should not trade 2% up just because oil is 2% up. It's almost like they think CLNE is a energy producer.
you idiot, they had a write down in proven reserves asset value due to the decrease in oil prices (like every other producer). They did not have a cash outlay of $1 billion. Loser short, give up. I like how you post the same message under multiple names, too lazy not to cut and paste?
First post from a short on fire.......Congrat's hehe
For ten years this stock never dipped below 10 until 2015. It average 15+ during that period. Why sell at $2? If you have a long term horizon you will see at least $8 again and possibly $15.