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: Arizona Pete who wrote (5653)	12/18/1997 8:42:00 PM
From: Richard Kerns	Read Replies (1) of 95453

I just got this from Briefing Com. << Ballard Generations Systems and GEC ALSTHOM will jointly invest $37.25 million to form a new company for the manufacturing, sale and distribution of PEM fuel cell power plants in Europe. Since the beginning of the week, BLDPF shares have soared from $59 (an improvement of 39%), sparked by news released Monday that Ford Motor Co. and German automaker Daimler-Benz plan to acquire stakes of 15% and 20% respectively, in Ballard Power in a plan to develope fuel-cell power components for cars by 2004.>> Opinions from anyone familiar with this technology. This news cannot bode well for our sector near term.

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