Do yourselves a favorQuick facts:
Cielo and Xebec both down 92% from highs
Xebec's revenues from $14 million in 2017 to $123 million in 2021
Cielo doesn't have revenues
Xebec trading at .48 times book value ( .48, less than half )
Cielo at 3.8 times book value
Xebec has $66 million in working capital
Cielo has negative working capital of $10 million
Xebec operates in Canada, the US, China, Korea, the UK, France, Germany, Australia, Italy, Egypt,
Dubai etc etc
Cielo doesn't
Xebec signed a contract for $143 million on April 12th. One contract worth more than last year's revenues.
The Chairman of TD bank sits on Xebec's board.
Just a tiny tiny portion of the facts.
Read this except from Cielo's news 11 days ago.....
"today announced a revised capital allocation plan to meet its commercial waste-to-fuel facility development goals. The fiscally prudent measure to pause Aldersyde Phase II development is being taken to mitigate the inflated cost of materials, equipment, labour, and services in the current market. Recently issued pre-construction cost estimates of approximately $18MM to $20MM represent an increase of at least fifty percent, with further escalation a distinct probability."
Cielo faces a very real possibility of eventual bankruptcy.
You'd feel better if you make the switch.
You'd feel better immediately.
Not trying to pump Xebec.
Just suggesting another alternative in renewable energy that I happen to like.
I really don't care if you buy Xebec, just get the hell out of Cielo and buy something else.
Anything else.
Say goodbye to Cielo once and for all.
Like I said, You'll feel better immediately