The one thing I like is that the early adopters like Raven and Modern and UPS continue to add to their flleets in the LNG market. By this one would have to assume they are happy with the way things have worked out so far.
Do those percentage increases include the numbers from the NG Advantage acquisition? I would think 18 truckloads going to the Ticonderoga Plant per day would make up a pretty good portion of that "increase". Long but getting frustrated.
To further make my point they have a 16 Billion dollar book value based on the amount of assets they have. Do you really think you can buy a 16 Billion dollar company for 1.5 billion right now (the current market cap) and everything is valued correct?
No underlying problem. It was an asset write down. They are required by regulation to value their untapped reserves base on the average cost of oil during the previous 12 months. It doesn't take a rocket scientist to realize that if oil was $100 a year ago and now it is $50 the asset value of those reserves is worth less henceforth the loss.
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.
I could easily envision if a station has enough demand the need for a manned full time attendant to fill trucks. It would certainly make the truckers happy.
Yeah, setting a new 8 year high happens every day..........or at least every 1680 trading days.
As someone that does not have a reliable high speed connection the push to streaming is killing me. If you draw a 20 mile radius around my house there are over a million people and I get get anything faster than DSL that test at less the 1MBS 99% of the time. We need a national broadband initiative. Comcast stops 2 miles from my house, I live in a neighborhood of 99 homes on 1 acre lots and we can't even get them to give us a cost so we can pay for them to extend service. I would gladly cut the cord on my $200 direct TV if I had other options
I really hope CLNE has someone pushing sales to the school bus districts. An article in my local paper this morning (Richmond, VA) where it mentions the just four local districts and together they need to purchase about 400 buses in the next couple of years as they have not been replacing their fleet as they should have been. That's in an area of about 1 million people. If you multiply that by 300 times for the US population that would be 120,000 buses.
Hopefully good however my fear is they are so bad that they are hoping everyone will be headed home by the time earnings are announced. When they are good everyone wants to trumpet them, when bad try to remain low key and fly under the radar.
There used to be a great 15 minute video on CLNE's website that answered almost all your questions. It was a great discussion about CNG vs LNG. I assume it is still there. Required reading for any CLNE investor. I seem to remember a fast fill CNG station being around 2-3 million. You basically are very limited in places where you install them. There has to be a NG pipe distribution system in place and also permitting (which can be tough in a residential area) and most importantly spare electrical grid capacity to handle two 500HP compressor's. If you have a LNG facility like the Pilot projects you basically don't need the pipeline system in place so it's easy to add a CNG station there.
Thanks. What I was trying to figure out is what the viable trucking range would be to meet peak demand. I have read several articles about peak NG pricing in the northeast spiking to over $20 for power plants due to pipeline capacity issues. If you can buy NG for 3$ on the wholesale market and sell it for $10 on the spot/peak market you could afford to truck it a significant distance.
You could never truck enough to run a Power plant for an extended amount of time but if you could just have 20 or 30 trailers filled and available for the peak demand time I would think it would make sense even it you had to truck it all the way from the Mid-Atlantic states.