ExxonMobil agrees
By Andrew Mickey
The alternative-energy market got another boost recently. In an announcement early this morning, Hertz (HTZ:NYSE) and Avis (CAR:NYSE) jointly announced they’ll be aggressively adding a slew of new Toyota Prius hybrid cars to their fleets.
Hertz will be spending $68 million to add 3,400 hybrids to its fleet. And Avis will be adding an additional 1,000 hybrids to its fleet. Even though two of the largest consumers of automobiles are moving headlong into the hybrid market, we’re still in the infancy of the hybrid car sales growth.
Heck, even Exxon Mobil sees the writing on the wall. Just look at its official expectations for hybrid car sales growth in the future.
And when Exxon Mobil, expects hybrid cars to account for 30% of total sales, you know you’re onto something.
But there’s a problem. In an effort to produce more “green” hybrid cars, Toyota, Honda and all of Detroit are going to be facing a critical supply shortage of batteries. However, one small company is doing its best to ensure the automakers have enough batteries to power the fastest-growing segment of the automobile market.
Just last week, this tiny company reached a major milestone when it received the official go-ahead from the environmental department. This was the last major hold-up for the company and marks the end of 16 different hearings to get this critical approval.
Now the stock will be off and running. There has never been a better time than now to get in on this future cobalt producer. With the Canadian exchanges finishing up a broad sell-off, the bulls are about to move back in.
David DesLauriers, of Resource Investor, put it best: “One has to hope that this does not last all summer, or it will be extremely boring. It is hard to see that happening with good, real, companies out there creating value and with commodity prices all staying very firm.
“Though one does not wish to be accused of being a glass half-full Pollyanna, market circumstances certainly would indicate that a mid-summer rally could be in the cards.
“If this were to come to pass and institutional money came flooding back into the space, investors capitalizing on some the ridiculous discounts and values out there right now would be in good shape in a hurry.”
This is the time to get in on the world’s next cobalt powerhouse. The only reason not to would be if you believe that hybrid cars are a passing fad. Granted, this opportunity isn’t for everyone, but it’s definitely worth taking a look at.
That’s all for now,
Andrew Mickey
Founder, Small-Cap Commodity Prospector
U.S. Mining Syndicate Stuns Kremlin -- Seizes Commodity Fortune! As Russia moves to control the world’s commodity markets, a tiny $2 mining stock has secured a $10 billion fortune on Africa’s rugged coast. Get in now and you could see a tenfold gain by Sept. 22, 2007. Read on for all the details...
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