Westport Fuel Systems Inc (WPRT)

[Jack_Bolander]

NGV ECONOMICS:

1.) With oil prices hovering around $50 / barrel, the economics of switching from diesel to natural gas are marginal to negative in many regions of the US.

2.) These economics are manifesting in declining unit sales for WPRT and others involved in NGV manufacturing.

3.) Major oil companies have been monitoring the NGV niche, and the latest economics/decline, and are not interested in investing in infrastructure in a slowing sector.

4.) Lack of infrastructure is a major, limiting reason/factor for growth of the NGV niche, and the rate of station growth among the independents like CLNE is slowing.

5.) These factors have all contributed to the decline in the WPRT share price from : $40 to $1.40.