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Strategies & Market Trends : $10 and Under : New 52 Week Highs
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To: bruwin who wrote (460)10/20/2007 4:24:42 PM
From: gcrispinRead Replies (1) of 557
 
Hi bruin,

This synopsis of a research report might answer some of your questions about the interest in UGTH.

U.S. Geothermal - UGTH-OTCBB
Buy - Price 3.48 on Oct. 16
by Pacific Growth
Initiating with Buy...based on USG's position as [a] leader of emerging geothermal developers and [its] proven reserves. We favor geothermal, based on its cost-competitiveness with fossil fuels, its "green" attributes, ability to meet renewable-portfolio standards, and ability to generate valuable production-tax credits. We have assigned an [approximately] $4.60-a-share fair value to USG's first 65 megawatts of development. We think U.S. Geothermal's potential 135 megawatts of additional resources is currently worth about $1.70....In an industry [with] many small wildcatters with unproven resources, we favor players with well-studied and developed resources such as USG. Market-cap: $186 million.

I have no position in UGTH. As a matter of fact, I passed on it, but did buy ORA when it was around 36. I listed the reasons for my decision in buying the stock in a rather long post.

Message 23648031

The stock has increased, I imagine, because of the increase in crude--which makes geothermal more feasible. Also, there has been buyout rumors that have circulated around the stock.
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