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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: jim_p who wrote (26079)10/4/2003 12:39:07 PM
From: grinder965  Read Replies (1) of 206271
 
Jim,

I agree.....lots of the remaining uncertainty removed. Good timing too as Arnold will also try like hell to get some money back from those that screwed the state. Since RRI doesn't have the longterm contracts like CPN, WMB and others, they'll be little to go after RRI for. Very important as RRI has been on the top of Cali's shitlist. Only significant item that remains is the amount of the refund due cali. The reserve they have established should cover it as they increased it at the time the most recent formula was established.

Also, this guy Staff might be just the ticket to really turn things around internally at the company. RRI is one of the few companies in the sector that has not been gutted having to sell many of their assets (CPN is another but has way too much debt). In fact, if the nuon sale goes through and they pickup TGN, they will come through this a much larger company along with a debt load that's manageable. RRI is looking more and more like a homerun here!

A little surprised by yesterday's price action.....would have thought a better showing due to the news. Watched the ticker and it was clear someone was intent on keeping a cap on any significant price increase. No big deal as the gains will come as the newsflow continues to improve. Now lets see them close the nuon sale along with a decent 3Q report for continuing ops and it's off to the races!!!
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