CPN: Calpine Corporation Message Board

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Gold/Mining/Energy : CPN: Calpine Corporation

FRO 23.28

-3.9%

Nov 4 3:59 PM EST

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To: Raymond Duray who wrote (257)	2/1/2002 12:45:54 AM
From: Daniel G. DeBusschere	Read Replies (1) of 555

CPN needs to get its rating increased to investment grade that it had before the ENE disaster. Also, CPN has a lot of natural gas reserves that can be used as collateral for any cash requirements - that is probably what they were thinking about when they said they could raise another $500M. ****************** I reinvested in CPN today - CPN is still the low cost producer and the fundamentals are real inviting at this level.

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