Mirant Corporation (MIR) Message Board

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Gold/Mining/Energy : Mirant Corporation (MIR)

MIR 27.45

-0.4%

Nov 7 9:30 AM EST

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To: Braincramp who wrote (738)	9/7/2002 12:21:07 AM
From: RCMac	Read Replies (1) of 903

Merchant Energy May Have Already Hit Bottom Message 17964335 If merchants manage to sell some of their contracts at something close to their net present value, that would be the clearest signal that the worst is over for the industry. It would demonstrate the industry isn't going away and that some of these companies did take advantage of the boom part of the cycle. And if forward prices make a final push to the level necessary to cover fixed costs, banks could renew debt facilities. That is their business, after all - lending to going concerns. Maybe not all of the companies will get to that end point, but most now look like they will. Mirant and Calpine seem to get the most votes of confidence.

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