ReFuels has posted good monthly station data figures, the first since the announced transaction with Foresight. This will simplify the company’s operating structure and enable the roll out of additional refuelling stations. With the data showing good volume growth and potential for more growth as the 6x2 axel truck fleet starts to adopt bio-CNG, the ability to tap into this with new stations creates additional opportunity for the company in our view. With a stronger RTFC pricing background, the deal is being done in a supportive market environment.
