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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: upanddown who wrote (146287)	8/20/2011 6:51:26 PM
From: richardred	Read Replies (4) of 206084

Oh well, It's a start. >Further validating the business' future, natural gas producers plan to make investments that compliment Westport's business. Chesapeake Energy (NYSE: CHK ) announced an investment of $1 billion in natural gas infrastructure and fueling stations over the next decade. Encana (NYSE: ECA ) opened two fueling stations in its just-concluded quarter and has plans for more. More fueling stations indicate that more vehicles are adopting natural gas as an alternative fuel. UPS (NYSE: UPS ) , too, has started using LNG trucks powered by Westport's systems. These developments definitely signal a gradual shift toward, and a preference for, natural gas, which is precisely what Westport's future growth depends on. Tie-ins with big companies will also help Westport explore newer markets and add to its already wide and strong global presence. fool.com

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