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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: ItsAllCyclical who wrote (53200)	10/19/1999 10:29:00 AM
From: Think4Yourself	Respond to of 95453

Electrical power generation trend? Whether it is this or turbines, it is DEFINITELY away from coal and towards NG. Direct FuelCell (TM) PowerPlant Connected to Utility Grid, Emissions Far Below Clean Air Standard DANBURY, Conn.--(BUSINESS WIRE)--Oct. 19, 1999-- FuelCell Energy, Inc. (AMEX:FCL - news) has generated more than 1 million kilowatt hours of power at the company's Direct FuelCell(TM) power plant in Danbury, Conn., it was announced today by Jerry D. Leitman, president and chief executive officer of FuelCell Energy (FCL). ''This is a major milestone in the commercialization of our Direct FuelCell technology,'' Leitman said. ''Our ability to generate 1 million kilowatt hours of power at this 250 kW plant - which is the basic building block for both our sub-megawatt and megawatt-class power plant products - provides strong evidence of the operability and reliability of our proprietary Direct FuelCell technology, which we expect to have in commercial field trials in Europe this year and in the US next year.'' The power plant, a demonstration project commissioned in March 1999, powers FCL's Danbury, Conn. facilities. Excess electricity is delivered to the local electric utility grid. The grid interface connection performed flawlessly throughout the demonstration and the power quality met industry standards. The plant has successfully operated more than 5,700 hours, with more than 4,300 hours at or greater than 200 kW. Stack power improved almost 10 percent over the previous model, according to the latest test results. Air pollution emissions are negligible and far below requirements under the Clean Air Standard. The fuel cell, which continues to operate, reached a maximum power of 263 kW, converting pipeline natural gas to electricity. The plant produces high-grade waste heat that can be utilized for cogeneration through high-pressure steam or absorption air conditioning. This would result in an overall efficiency exceeding 75%. The plant availability has been more than 95%. With the achievement of this milestone, the power plant will be stress tested under various operating conditions for the balance of 1999. ... biz.yahoo.com

To: ItsAllCyclical who wrote (53200)	10/19/1999 10:37:00 AM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

JimL; re: MLRC - yes; a no brainer thru $7 here - $9 should be support and from there through $12+ of last year will be "earned" via earnings, cash flow & production gains. This quick blow off was unreal; either one large seller just milking out 300-500 share sells; which one would allmost have to do - given the volume; or as I see it; lots of tax loss selling from individuals. There also; could be someone shorting this as a real dirty shakeout; given the great news of the financing; the substantial option exercise by insiders and the positive expectations. This usually never dropped below $6 3/4's. I've bought MLRC at $6 3/4's - $7 before and loved it. So here thru $7 is historically very, very cheap for this stock; and especially so given the financing FINALLY coming together. What I ESPECIALLY like is this quote from the CEO:which explains the impact of those new financing $ - given their ultra low development costs. <<... these wells in this are are very shallow. It's very simple drilling. We drill a well and set pipe in seven or eight days. Then you have maybe another three or four weeks to complete it and then you work your pipeline over and hook it up about another three or four weeks after that. So believe it , or not, one small drill rig running allows us to drill and complete as many as 50,55 wells a year.>> The stock blew up earlier; when MLRC had to shut down production due to their pipeline companies; annual maintenance procedures hitting a problem and taking nearly twice as long as anticipated. A temporary blip... its what's in the ground that is so shallow, so cheap and so easy to produce; that is THE story here... Also; MLRC is going to not just use the $ for drilling' they are going to do their own pipelines - eliminating the problems they've had in the past. $7 is a chip shot; $9 as the sector settles - maybe some profit taking to be expected there... but this is a holder thru $12 & beyond... could be very realistically a $20 stock in 18+ mos. PS - FLC is still the "Single Best Idea" for a couple of brokers... was at $15; what the hell does that make it at $11 ish (VBG)? Got the dirty bird back home where it belongs and it looks like a hold to $30 here. ! Bought more SII this am; trolling for more as we speak...