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Finance & Accounting
Pages 8 (2008 words)
(Name) (Tutor’s Name) (Date) Corporate Finance Introduction The significance of natural gas is growing everyday as energy needs in industrial, transportation, and technological sectors are on the rise. Although other renewable energies like solar power and wind power have been in use, individuals and business organizations still depend more on natural gas due to its easy availability and increased efficiency.
Even though the CLNE is at its early stages of development, the company already owns and operates many natural gas fueling stations and is a global leader in developing the natural gas vehicle market. The company deals with many areas of natural gas business including “compressed natural gas (CNG) and liquefied natural gas (LNG) fueling; construction and operation of natural gas fueling stations; compressor equipment and technology; biomethane production; and vehicle conversion” (qtd in Investorideas.com). The company fuels over 530 fleet customers and 25,000 vehicles every day at over 273 stations across the United States and Canada. In addition, the organization has a strong customer base in transit, trucking, shuttle, taxi, airport, solid waste, and municipal fleet markets (Investorideas.com). Similarly, Apache Corporation is a multinational gas and oil corporation headquartered at Texas in the United States. In addition to US, the company has regional subsidiaries and operations in Canada, UK North Sea, Australia, Argentina, and Egypt. As of 2012, the firm’s market capitalization is estimated at nearly $35 billion. ...
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