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29/07/15
14:41
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Originally posted by Kel.Bolden
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Caveat: I'm fairly new to trading.
Another positive report that seems to have made a smaller than expected splash, though we have seen stabilization after the fast climb to 5.5 was rejected.
The good news from SHE this morning might undermine confidence, however they still have some major milestones to pass before commercialization.
Release of stock options to CWE employees earlier to me implies that those on the inside seem to have good expectations. Perhaps someone more knowledgeable could speak to this.
Ultimately the most important factor long term is the ability to leverage IP into successful tenders; CWE appears to have a strong product with the (currently) lowest risk however their high price point may make them less competitive. SHE has stronger ties to the USA which may make them more attractive to a potential tender in, say, California.
I'm a mech eng by day so my knowledge of trading is limited; I hitched my horse to the CWE wagon because they seemed to have the best tech available and while the last week has been disappointing I will be holding at least until the quarterly report.
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Here is some light reading for you, KB. CWE believes Europe has more to offer at this time. The links should give you an idea where CWE is headed.
Kieran O'Brien is an elected director in Ocean Energy Europe, quite an achievement coming from a small company like CWE.
Notable companies that CWE has already entered into agreements with are: EDF, DCNS, Bosch Rexroth, Enel Green Power and WaveHub.
http://www.oceanenergy-europe.eu/in...rner/378-ocean-energy-europe-tops-100-members
http://www.oceanenergy-europe.eu/index.php/association/list-of-members
http://www.oceanenergy-europe.eu/index.php/association/about-the-association/board-of-directors