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Gold/Mining/Energy : CPN: Calpine Corporation -- Ignore unavailable to you. Want to Upgrade?


To: Raymond Duray who wrote (257)2/1/2002 12:45:54 AM
From: Daniel G. DeBusschere  Read Replies (1) | Respond to of 555
 
CPN needs to get its rating increased to investment grade that it had before the ENE disaster. Also, CPN has a lot of natural gas reserves that can be used as collateral for any cash requirements - that is probably what they were thinking about when they said they could raise another $500M.
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I reinvested in CPN today - CPN is still the low cost producer and the fundamentals are real inviting at this level.