looks like i made a good call. Since i wrote that GE over SLB by 20% and HAL by 45%. total growth over that span isn't so great, but better than the bank.
I'll use this opportunity to address the 8th's RFC on NG. I wouldn't (and cant) invest directly in NG producers and I would not invest in companies like CLNE. While i think NG fueled vehicles will eventually become commonplace in the US how that comes about hasn't even begun to approach becoming settled. One can look at countries like Australia or Pakistan where NG fueling stations are common in the biggest cities but it would be difficult to get from one city to the next on NG (i intentionally juxtaposed developed and undeveloped countries). Australia has substantial NG reserves but most of it is not going to cars in Sydney (nor do i hear Australians clamoring for subsidies to create a vehicle industry to use NG). In addition, large natural gas discoveries like those off of the coasts of Tanzania and Mozambique will be stranded without substantial infrastructure build out for transformation of the NG (e.g. plastics precursors, GTL, LNG, CNG).
In the interim, companies like GE or Air Products will benefit regardless of fuel type and end use.
