Thursday, February 27, 2014

Seeking Alpha: The Realities Of The LNG Market Weigh On Chart Industries

When I last wrote about Chart Industries (GTLS), one of concerns about the company's high-flying valuation was that there was a real risk of disappointment if the rollout of LNG vehicle fuel infrastructure hit any bumps in China or the U.S.. That is exactly what's happening, and the consequences for Chart's stock price have not been pretty.

Chart's ability to manage large-scale Energy and Chemical (E&C) projects need to improve, but a lot of what will drive this company/stock is outside of management control - truck builders, fueling station builders, and LNG liquefaction facility builders seem stuck in a cycle of "no, you first". I do believe that LNG as a vehicle fuel makes too much sense not to happen and that Chart Industries shares hold some appeal now for long-term investors, but the stock really needs better reported order growth to get moving upwards again.

Continue reading here:
The Realities Of The LNG Market Weigh On Chart Industries

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