Tuesday, July 12, 2011

T. Boone: Score! "Clean Energy hits 2-month high on Chesapeake investment" (CLNE; CHK)

The stock is trading up $1.98 at $15.10.
We have dozens of posts on Clean Energy Fuels and Mr. Pickens. Use the 'Search blog' box, keywords Boone or CLNE.
From Reuters:
Shares of Clean Energy Fuels Corp rose 16 percent after Chesapeake Energy Corp said on Monday it plans to invest $150 million in Clean Energy to fund the development of nearly 150 liquefied natural gas (LNG) truck fueling stations.

Clean Energy, co-founded by Texas oilman and billionaire T. Boone Pickens, sells compressed natural gas to light to medium-duty vehicles and LNG to trucks and other medium to heavy-duty vehicles.

Chesapeake's intention to invest $1 billion in companies and technologies to replace gasoline and diesel with fuels derived from natural gas follows Westport Innovations and General Motors' tie-up aimed at developing a natural gas engine technology for light motor vehicles.

"Chesapeake and Clean Energy are making this move to be in position to dominate the coming tipping point in the use of natural gas fuels for heavy-duty trucking," Craig-Hallum analyst Robert Brown said in a note.
Drivers who filled up with natural gas at the pump saved up to $2 per gallon when gasoline prices hit $4 a gallon....MORE

See also:

Why Does George Soros Keep Buying Westport Innovations? (WPRT; CLNE; UNG)
And Now for Something Completely Different: Natural Gas Engine Maker "We Don't Need $100 Oil or U.S. Help" (WPRT)

 "Conservatives blast Pickens' plan for seeking new subsidies" (CLNE)
What's Moving? (CLNE; FSYS; WPRT)
Clean Energy Fuels Prices Follow-on Offering: Stock Trades Up! (CLNE)
Clean Energy Earnings: Natural Gas Truck Stocks (CLNE; FSYS; WPRT)
"Clean Energy Winners: EPA Emissions Trades" (CLNE; FSYS; WPRT; JCI)
T. Boone Pickens-- Score!: EPA Proposes Carbon Dioxide Regulations for Trucks, Buses, Pickups (CLNE)

And many more.