Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Maya who wrote (47170)	6/30/1999 9:23:00 PM
From: Hrothgar	Read Replies (1) of 95453

I've noticed more and more posters on this board talking bullish about natural gas and indirectly about massive uses of electrical power recently. There is one company I follow that has somehow escaped the mainstream discussion on this board. Coastal Corporation (CGP) is a diversified energy holding company that, in my opinion, stands very ready to take advantage of rises in natural gas and electrical power demand. Their latest earnings report from Q1 showed healthy EPS growth despite commodity price erosion. Since then, as we all know, those prices have rebounded substantially. On another positive point, Coastal has continued to increase its reserves and production levels at a pace significantly above the industry. In their latest press releases from this week, they confirm this by predicting double digit growth and impressive gas production increases. Coastal seems primed to take advantage of the continued rebound in gas prices and the deregulation of power generation taking place in th U.S. I own it for what it's worth...

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