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Technology Stocks : Alberta process Capital Corp. - POR

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To: pete meyer who wrote (23)4/7/1998 1:22:00 PM
From: Hawkmoon  Read Replies (1) of 41
 
Pete,

Considering the current price of fuel oil and the quantity that I understood the Kingston plant was able to produce (either 200 or 400gph, can't recall), I kinda doubt the current finanical efficacy of their waste oil operation.

GRNO just announced that they shut their plant down (250gph) due to sluggish prices for #2 fuel oil and the fact that they are still awaiting their permit for 1,000gph on their Charleston facility.

I would appreciate your reasons as to why POR's economics make more sense at these reduced rack prices for fuel oil??

What is the status of the Kingston, ON plant?? The last I heard there had been some difficulties (read fire) at that location. I was awaiting confirmation from someone who lives in the local area whether this rumour was true or not.

But at least its good to have someone finally post to this thread. Info has been at best thin as of late.

Regards,

Ron
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