June 5, 2012 8:18 AM | 2 min read |
Off-roading equipment is getting ready to go a little greener following a new agreement between Westport Innovations (NASDAQ: WPRT) and Caterpillar Inc. (NYSE: CAT). Announced early this morning, the budding relationship will serve to co-develop natural gas technology for worker transportation such as mining trucks and trains. Implemented
immediately
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
, WPRT and CAT will begin development programs for new and existing engines, combustion technology and fuel systems with the combination of the companies' technology and expertise. The CAT-funded arrangement positions both companies to bring something entirely new the table when it comes to high horsepower vehicles; Westport's High Pressure Direct Injection [HPDI] technology. In a recent Mackie Research morning call, WPRT's latest Investor Day was abuzz with the fact that the company has begun to develop a spark ignited 15 liter natural gas engine with HPDI technology. Taking note of the excitement building around such an innovation, CAT customers stand to gain quite a bit of knowledge from today's agreement. "This is a significant opportunity that has the potential to transform important segments of the global off-road equipment industries," said
David Demers, CEO of Westport Innovations. "We are working with the global leader in engines, locomotives and off-road equipment to develop an attractive natural gas offering for their customers.Also in his statement, Demers commented that the current substantial price difference between natural gas and diesel fuel creates a strong need to enable off-road equipment to take advantage of natural gas without foregoing operational performance. Clearly, the agreement is a win-win all around for WPRT, CAT, off-roading equipment and the environment, as each player stands to gain something positive. Jumping off to anything but a sluggish pace, the companies combined efforts will begin with initial focus on trucks and locomotives, and will soon transition into developing natural gas technology for CAT's off-road engines.With commercial production expected to begin within five years, it appears WPRT and CAT have forged a partnership that will one day blossom into a beautiful , healthy butterfly thanks to green efforts made by both. WPRT closed yesterday at $22.27, down 33% year-to-date, while CAT closed yesterday at $83.26, down 8.1% year-to-date.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
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