Good Morning,
I posted a question on the ENBC thread which has a process to remove sulpher from crude oil and this is repeated here:
To: Terry Lyon (128 )
From: EAGLE-EYE
Sunday, Mar 8 1998 9:06AM EST
Reply # of 130
Hiya Folks,
Ron, unfortunately I have not seen this report. I will try to get my hands on it once its
published.
In response to Terry's comments regarding RNTK and ENBC - thanks for the info on
RNTK. I read through the news regarding this company, and some of the postings. It
looks like both companies have a niche and both will co-exist nicely. While I'm not an
expert on either stock, here's why I would rather place my money on ENBC ( if the
option was to choose one or the other ).
Business Reasons:
1) ENBC was given a $2.4M award by the Dept. of Energy on 8/7/97.
I'm sure a lot of companies like RNTK, ENBC etc. was eyeing this
funding. The award was for Gasoline Biocatalytic Desulferization.
DOE is a lil different from the military. They don't waste their
money on $250 hammers. I'm sure their scientist and researchers
looked high and low before they decided to award ENBC with this
funding. In short, this "Good Housekeeping Seal" of approval
was given to ONLY one company - ENBC. This gives me a high level
of confidence for short term and long term.
2) Nice Pipeline of potential customers. ENBC is about to sign
a license with its first customer. My gut feeling tells me
this project will be a nice "show me the money" showplace for
future customers. Commercialization is what ENBC shareholders
have been waiting for. Its been many years and I think its here.
ENBC is being watch by some of the largest refiners in the world.
When the first customer signs, its just a matter of time that the
others will follow.
3) This technology addresses the "two prong problem" of rising sulfer
levels in crude oils and increasing stringent environmental
regulation for gas and petroleum. Their are countless areas
in this world that need to clean up the air. My friend recently
moved to L.A.. He tells me that the air is dirty beyond belief.
When he blows his nose....his tissue is black!
4) Razor Blade business - ENBC will build the plant and simply sell
you what it takes to clean up each barrel of crude. If ENBC only
gets $1 per barrel, this stock will be competing with Microsoft and
Intel !
Non-Business Reasons
1) It seems that RNTK is in the business of "conversion". From one
form of energy to a new form. RNTK is finding the "refinery
bottom" gases and converting them to liquid gases. While this
seems like a very valid and needed technology which will definately
make money - ENBC seems to have a EZ technology which might
be easier to implement.
Somehow the word "conversion" scares me. It conotes...."it takes
too long" (pardon my ignorance to RNTK). Crude oil is not going
away. The "dam" is full with crude oil ready to be cleaned up.
Nothing needs to be "found or converted". Its there, its dirty,
it needs to be cleaned up before the sale.
2) ENBC'ers seem to be long term holders. Yes, some folks probably
did get burnt on margin when this baby fell below $4. But all the
MAJOR shareholders are hanging on.
IMHO, folks are starting to place their bets now...on both companies.
I just believe ENBC is a little further ahead because the taxi cab meter will soon start
ticking $$$, as the barrels of crude get processed. Other companies like RNTK are in
a good position....but their still waiting the cabs to roll out of GM.
Good Luck to all. The next two weeks should be fun.
Eagle-Eye |
