I agree about buyout or rumors of buyout driving stock. Keep in mind that institutions and insiders own 90% of float. That leaves only about 6 million shares for the private investors. I don't consider myself a huge investor but I just figured out that I have 1/400th of the private investor float. It doesn't take a whole bunch of money to move the price on this stock.
XYZ do you know if the "break even for a LNG station is about 20 trucks" includes depreciation and a overhead percentage? I suspect but don't know that the "break even" is what it cost to operate the station with manpower and utility cost. I doubt it includes the depreciation and any corporate overhead cost. My point being that above "break even" still might not be true bottom line profit. I hope so but am a little skeptical.
By the way, does anyone know what the depreciation schedule would be on building a $2 million dollar station? I assume the cost cannot be taken all at once and have to be depreciated at no longer than 10 years. In that case if you make $200k per year it's not going to add to profit, just cash flow.
I doubt there is a simple answer there. When you use the term "profitable" that could mean does the revenue exceed the cost of the gas and any attendants working? I would think that is reasonable. If you assume "profitable" includes cost above depreciation and/or development and construction cost i would think not. You have to remember that when one of these stations opens it's not like there is a huge pent up demand. Nobody is going to have CNG/LNG vehicles before a station opens. At best case you hope some of the demand is simultaneous. You might get a few transient customers but not enough to be material.
In the last four weeks 8 CNG stations opened and 2 LNG stations according to the gov't website. A little slower than the last few months pace but I expect weather was less than optimal for construction in most areas. I am still thinking we could see 200 new CNG stations online this year.
Gov't website updated this morning. 16 new CNG stations online in last four weeks and 2 new LNG. I really think 250 new CNG stations are possible this year. As always no idea how many of these are CLNE openings, the site does not say.
Ironically I own a fleet of about 40 service vehicles and would consider changing but.......... looking at the map, I think I might live in the lowest density of CNG stations per capita. If you draw a 100 mile radius from my business there is one station for about 5 million people.
Yahoo won't let me post the link but if you google "natural gas station locator" it's the first hit. I think it says AFDC.enegery.gov etc etc.
Gov't site updated for the month. 12 new CNG stations online and 3 new LNG in the last four weeks. Pretty consistently adding 3 stations a week over the last four months. I would think adding 200 new stations in 2014 is pretty realistic. Disclaimer: - No idea how many are CLNE stations, the gov't site doesnt show that unless you want to click on all 700 dots and record them one at at time.