Constellation Energy shares fall 38% to $29.55 as it disclosed ties to Lehman Brothers, but the company said its liquidity remains sound despite the bankruptcy of the Wall Street firm. Constellation said in a filing with regulators that Lehman Brothers' total commitment within existing credit facilities stood at $150 million. Constellation said it holds excess liquidity of approximately $2 billion, excluding the existing Lehman commitment. "Constellation does not believe that the potential reduction in available capacity under the credit facilities would have a significant impact on its liquidity," the company said.
CEG may be a good one to catch for a little bounce tomorrow morning; wonder why DYN continue to dip, didn't see the bottom yet, I'm holding some DYN too, sad :-(
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