Greenlane Renewables Inc T.GRN

40, 30, 20

[Tan4646]

Long term holder of GRN but once again Nat gas has proven to be a deceptive investment.. Current price of $2.25 US per MMBtu and RNG cost to produce 3x that ,, says GRN better conserve as much cash as possible. This will see 20 cents per share before it ever sees $1.00..

Plus with cost of capital excessive and better places to put your $$ buying equity says a distressed takeover is only a matter of time. Climate issues mean nothing with inflation where it is and nat gas this cheap.

Comments?

[DDT980]

The value of RNG projects that trap rouge methane should be based on the GHG avoided. In Canada the cost of CO2 is $50/MT and Billions of tax $ will flow to bitumen producers to build systems that will capture CO2 and thereby avoid the costs. In the US the CO2 cost is zero. In Europe it is $162+. Unless the RNG producers find a way to monetize the GHG they prevent (methane is 80 x more intense

[treehill]

Last year natural gas prices in Europe were high enough that producers of RNG had a huge cost advantage over natural gas. It should have led to a lot of orders for GRN (and XBC), but I don't see any evidence that it did. Because of that, I am giving up on this company.