Although I am long I must point out that you can't take into effect PE's when you are talking about pennies of earnings (In the past). A stock with a PE of 200 can go to 40 just by going from 1 penny to 5 cents in earnings. In either case it's not like that means they are crushing it.
Thanks for the help. Was their any discussion of lower revenue per gallon? I was wondering if they had to cut margin with gas/diesel price being so low in the quarter.
I have not taken the time to listed to the CC yet and don't have time this morning. What do they attribute the $85 million revenue number too, by my calculations that is the worst in the last 5 quarters and this includes NG Advantage revenue. I can't really understand how the number would be so low. Any help would be appreciated.
Has anyone seen the duration that NG advantage has under contract before the RFP to bid it out? Considering these trailers prob cost 150K+ (assuming 20+ carbon fiber tanks, GPS tracking, remote data acquisition,SS tubing, regulators, etc) and assuming you would need at least 12 (4 deliveries a day, at least four extra on site at all times, and four in route or reserve in case of a emergency) then someone is going to have a sizeable upfront cost to compete in this business. It's not like your average trucking company is going to be able to bid on the RFP.
Did the driver do the fueling and have to do the "suit up" procedure? I have wondered if they had enough volume at some of the stations to have a fueling attendant the relieved the drivers of having to refuel. IMO that would be a great selling point as refueling is a pain in the $$$ with LNG .
I have noticed this day in day out with CLNE share price. I am not sure why the correlation, Yes at higher fuel prices NG is more competitive but only if NG prices don't move with oil prices and certainly not much day to day impact with a $1 a barrel increase. I have wondered if there is some type of oil/gas ETF that has CLNE in it quite frankly or if traders really know what CLNE does. It seems a lot of people consider CLNE and natural gas producer/supplier as opposed to what amounts as a NG re-seller.