Brennus

The Long Case for Sinoenergy

Retail CNG in China doesn't have much to verify. They contract the gas for decades at one price & sell it at another government regulated price. It costs ~40% less to run a vehicle w/CNG & early adopters are taxis/buses. Demand will be limited by supply & prices are capped...economics 101 tell us that will mean lines at the pump (price caps create shortages). Stations will quickly ramp to capacity.

Container & conversion kit business aren't contemplated in the (long term) model. Any contribution from these segments >0 will add to results. Recent history indicates results from these segments is >0.