My Clean Energy Fuels Corp. [[CLNE]] is rolling downhill now. With Proposition 10 looming, I think it makes perfect sense to be long CLNE—at least until Congress is set to vote on it. If President Obama is really intent on “greening up,” he will go with the “Pickens plan” and give incentives to our trucking fleets to switch over to natural gas. Plus, it will save many of the land based trannies lots of money on fuel. At the present, with the low prices of natty, it will cost $1.55 a gallon to fill up. Compared to the insane prices of diesel, it’s a no brainer.
Oil just can’t catch a bid here, effectively annihilating those who are unlucky enough to be short Vulcan Materials Company [[VMC]] . Also, all of the banks are starting spring higher, due to the nonsensical notion that they benefit off of cheap oil, or something. At the end of the day, the banks trade lower. Write it down.
Nonetheless, the energy sector is bouncing today, as investors realize how gay it was to sell them “fire sale style,” yesterday.
With my money, I like [[DIG]] , [[IEO]] , but love the refiners, especially Western Refining, Inc. [[WNR]] .
The short position is monstrous (29%). With all of the storms (4) in the Atlantic now, you have to be mentally ill to be short refiners.
Finally, on the long side, I like Barnes & Noble, Inc. [[BKS]] , VeraSun Energy Corporation [[VSE]] , Southern Copper Corporation (USA) [[PCU]] and Freeport-McMoRan Copper & Gold Inc. [[FCX]] , while loathing Legg Mason, Inc. [[LM]] and Pzena Investment Management, Inc. [[PZN]] . Oh, and I also like to bet against Chinese stocks, via [[FXP]] , with impunity, based upon egregious valuations.Comments »