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SeriousMoney

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SeriousMoney

Re: NovoMira post# 4

Tuesday, 09/27/2005 1:01:38 AM

Tuesday, September 27, 2005 1:01:38 AM

Post# of 79
JC says buy oil and natural gas stocks regardless of where oil and natural gas prices are headed. That said...

EP - I'm getting mixed signals on this one. I've left it alone.

CPN - Not good - Calpine Deal Shelved; CEO Sells; New offering shelved impacts Calpine's near-term liquidity. Access to the proceeds from the natural gas assets cut off by Bank of New York because of dispute between bondholders and Calpine. Coupled with the $400 million preferred deal now being off the table, it means Calpine is going to have to find new sources of cash to fund its $750 million in second-half interest payments, buy natural gas, make about $100 million in maintenance capital expenditures and cover two debt repayments totaling $173 million during the remainder of the year.

Got more homework to do on ILA & MDU.



"Growth is all that matters!" CRAMER

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