Just a note:
It is illegal for the US to REFUSE to sell natural gas to ANYONE who wishes to buy it. Anyone at all.
This is an international law, which was designed so that no energy producing country could put a strangle hold on any single other country.
Of course it was written back in the days when it was assumed that the middle east had, and would always have, all the oil.
But, FWIW; I think it would help. Exporting gas means exporting LNG, and the more the world switches to LNG, the more likely that LNG will become the standard fuel - the way diesel is now.
It would be expensive in more than one way.
Why would you short a company who is increasing revenue incrementally every quarter, which had just won a major court decision, and had just announced marketing agreements with major companies?
You'd have to be some kind of nut. :-)
People who use charts but exclude fundamentals will be surprised.
People who use fundamentals but exclude charts will be surprised.
People who use both will not be surprised.
Oooh. Good eye. (Facepalms self)
Except that it would be 5,760 million miles.
Still 822 million gallons.
Same conclusion, but accuracy counts.
Due Diligence! Caution: it involves math.
There are 480,000 school buses in the US. I believe the day will come when virtually all of them will run on CNG.
They average 12,000 miles per year. So that's 5.760 million miles per year.
They average 7 MPG. So that's 822 million gallons of fuel.
At the current rate of spending, CLNE will need to sell 1 billion gallons of fuel ($1.7B) every year to break even. School buses will help.
But CLNE is a long way from being profitable.
T/A....Ma's.....GC.....MA......MACD.......signal line......pseudo C&H......DB.........pt.........
Dunno for all that stuff, but Revenue grew 26.17% year over year, and Revenue grew 7.6% in sequential quarters. PLUS there is $7.12M in Shareholder Equity, no Long Term Debt. and $5M in the bank with another $5M coming. Cash burn is less than $2M a quarter.
Now, THAT stuff I can understand.
Dunno about traps tomorrow or any other day. Hate to see anyone lose money.
But c'mon: ...Annual Revenue 429M and Annual Operating Costs 483M as reported on the 10K. CLNE is nowhere close to breaking even.
You can take the numbers right off the 10K Annual Report.
Revenue, counting VTEC......$429M; $380 for fuel, $49 for service.
Cost of Goods....$308M. So that leaves $121M Gross Profit.
Total Operating Expenses...... $483M
Total Operating Expenses/% Profit = Break Even....483/.2801= $1724M in Revenue.
And best that I can figure that will be about 1 billion gallons.
And that's why I am not buying their, "We're going to break even soon", story.
I mean, just step back and look at the 10K...Revenue 429M and Operating costs 483M.
My bet would be that VETC will be approved, and approved virtually forever. When it was approved in 2013, they went back and paid for 2012.
But they still have to sell 1 billion gallons to break even - at least at the current rate that they spend cash.
Tell it to CLNE. The figure came right off their 10K, filed with the SEC. It was actually $483.304M.
Back to the pumper board, please.
CNG? As far as I know, no one even comes close. CNG sales have progressed 31% (39.4 to 52M gallons) from Q1 to Q4, with steady gains all the way along. They are the king of CNG. 182 million gallons in 2014.
Unfortunately . their greatest investment in in ANGH, which needs to sell LNG to be profitable. And LNG has not shown any progress at all. RNG is even worse, actually going backwards, but it never has amounted to anything.
The question you may want to ask yourself is, "How did a company improve fuel sales Q3 to Q4 by 5.7%, manage to increase revenue by 21.7% in that same period? And what will happen next quarter"?
With a 28% margin of profit (2014) and 485M operating expenses (2014), it will take revenue of 1.7B annually to break even. And that is something in the order of 1 million gallons.
Know what these figures are?
Those figures are the Cost of Goods for the last 4 quarters. And they are trending downward at an increasing rate. Q3 was down 6.25% relative to Q2. Meanwhile, Revenue is steady at 37M per quarter.
That means gross profit is on the rise. Here:
(That 54% is in there because they changed accounting methods)
Most people focus on Revenue. That's OK. Revenue is important. But profit is even more important.
Just ask your local barber, who has almost no Cost of Goods at all. :-)
Good eye, bbc, and good question.
I can't answer it, though. VTEC in the past years has always been a nail-biter. And when you take VTEC and Sale of Assets out of the last 10-Q, and out of the current 10-K, you get a whole new vision.
It was actually a 28.4M bump. And they added every bit of it to Fuel Revenue. Take it out and you get a decrease in fuel revenue from Q3 to Q4. Which makes sense because fuel gallons only increased 5.7% and fuel cost per gallon trended downward.
Careful analysis! It'll save you.
Chris, they could open a hundred ANGH LNG stations and it wouldn't change anything.
LNG sales have been stuck at 17M gallons a quarter for 2 years. 70M gallons/year. LNG has just never been accepted by the trucking industry as a fuel of choice. The LNG trucks are just not out there running.
FWIW: I only trade 3 stocks. CLNE may have entered into the area where it is a great trading stock in that we have lots of pumpers and dumpers.
But I'll stay on the sidelines until I see a real range of some sort....
Yeah. That was back when we all though LNG would become the fuel of choice for long haul truckers.
Didn't happen. I sold at $13.11. But I'm going to stick around and listen. If CLNE gets Operating Expenses down to something manageable, then maybe we'll be in business. Didn't happen in Q4, though. Operating Expenses were almost equal to Revenue.