InvestorsHub Logo
Followers 62
Posts 12258
Boards Moderated 0
Alias Born 07/18/2005

Re: None

Tuesday, 10/14/2014 11:30:26 AM

Tuesday, October 14, 2014 11:30:26 AM

Post# of 29204
Since CPST Turbines has a strong economic relationships to oil and gas developers, and CPST's revenue reliance, in part, from oil and gas producers, it is important to follow the recent current developments in Russia and oil and gas developments worldwide.

From an article yesterday relating to oil glut and analysts predictions:

Oil price drop threatens to hit Russia, Iran harder than sanctions
http://www.latimes.com/world/europe/la-fg-oil-russia-iran-20141014-story.html

Excerpt:

Some analysts believe the price slide could be a long-term trend as more of the world adopts technologies that use less petroleum, such as electric cars and more efficient heating systems. Another factor is the growing reliance on hydraulic fracturing of shale, known as fracking, which has sharply boosted energy production in the United States, Canada and other countries

Rather than being hurt by the decline in oil prices, CPST will continue prosper playing a significant role in both oil and gas, imo. As one energy source declines over time, the other with take its place as a priority far into the future.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.