CLNE - Clean Energy Fuels Corp.- Nasdaq- Oil & Gas Pipelines

[Grizzums]

Watching this one closely....

http://stockcharts.com/h-sc/ui?s=CLN...d=p92896048614

[Grizzums]

Well, I opened up my position here this morning on the news...

http://biz.yahoo.com/bw/080421/20080421006543.html?.v=1

"Clean Energy Opens World's Largest CNG Fueling Station in Lima, Peru To Serve Thousands of Natural Gas Vehicles Daily

Peru's President Alan Garcia Perez, in Dedication Remarks, Says Countries Should Use Resources Like Natural Gas for Transportation Fuel Rather Than Compete with Agriculture-Based Biofuels for Food, Causing Widespread Hunger"

Big short position here...I like it.

Good Luck.

[Grizzums]

I am still in this play....ive added once on a dip and also bought (or sold rather) some downside protection to hedge my risk.

I like the company and like the growth potential here especially in light of the current economic backdrop.

Short interest has got this sucker and normally i do not like to take bets against them if they hold a sizeable interest in relation to the float. But with a few signs of nearing of potential short capitulation I will hang with play on a risk adjusted hedge that I will be more than happy to cover on if positive news comes headed here to give a littlw squeeze.

Good luck.

[Grizzums]

Clean Energy Signs LNG Fueling Contract for City of Fresno Municipal Refuse Fleet

[Grizzums]

Very nice....

[BadThad]

Originally Posted by Grizzums

Very nice....

Whoa.....indeed....nice call!

[BadThad]

They going to report negative EPS again? The consensus is -0.07, if they could beat that the PPS could really explode. Personally, I hate investing in these negative cash flow companies no matter how good everything is for them. I like to see GREEN! LOL

[Grizzums]

Clean Energy to Fuel Brookhaven, NY Municipal Waste Fleet

Clean Energy Fuels Corp. CLNE has been awarded the contract by the Town of Brookhaven, New York, to build and operate a compressed natural gas (CNG) fueling station and provide CNG fuel for more than 75 waste trucks serving the town's 117,000 homes.

"Brookhaven becomes the newest municipality on Long Island to adopt a clean waste management strategy by requiring the use of CNG trucks by its carters," said Andrew J. Littlefair, Clean Energy President and Chief Executive Officer. "We are pleased to assist Brookhaven implement its health and environmental goals for its citizens, and also to reduce costs over time through the use of less expensive natural gas fuel."

The term of the contract is for 10 years with two five-year renewal options and includes preferential fuel prices for the town and for 13 contracted refuse and recycling collection carters for seven years. The station will be built on a 1.25-acre site at the town's landfill. Fueling is scheduled to begin on January 1, 2009.

"This is another huge step forward in our efforts to significantly enhance the quality of life of Brookhaven residents. These trucks are quieter, cleaner, and vastly less polluting than the diesel trucks they replace," noted Brian Foley, Brookhaven Town Supervisor. "Refuse collection and disposal is a $100 million-plus 'business' for Brookhaven Town. Our new agreements with Clean Energy, National Grid, and our carters mean we're declaring an important environmental dividend for our citizens with no appreciable additional investment on the part of the Town."

Brookhaven estimates that this initiative over the first seven years will displace 4.9 million gallons of imported diesel fuel, reduce nitrogen oxide emissions by 304 tons and particulate matter by 12 tons, and reduce greenhouse gases by over 20%.

The natural gas used to make CNG will be supplied to the station by the regional gas utility, National Grid (KeySpan), which will provide a new pipeline extension to the fueling station site in order to deliver the volume of gas required for the trucks.

"National Grid applauds Brookhaven Town Supervisor, Brian Foley, for his leadership role in reducing emissions on Long Island," said Tom King, President of National Grid's US Business. "Conversion of 75 trucks to compressed natural gas will displace 700,000 gallons of diesel fuel per year. Not only does this contribute to better air quality for the residents of Brookhaven but it will mean a reduction in noise pollution. National Grid is proud to help Brookhaven tackle climate change in a tremendous example of 'The Power of Action'."

[Grizzums]

Booo....

Clean Energy posts loss on surging costs

[Grizzums]

Originally Posted by Grizzums

Booo....

Clean Energy posts loss on surging costs

Okay...just lightened my load here....took profits. Now only hold 1/4 of what I did.