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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Broken_Clock who wrote (14988)7/31/2002 10:13:42 AM
From: Bob Rudd  Read Replies (1) | Respond to of 78627
 
CPN: Isn't really an NG story unless you count input of NG in the spark spread...they are consumer of gas, producer of electricity. About 1/3 of their forward production are unhedged...thus vulnerable to unfavorable spark spread. Overlay that on high debt levels and you get a risky situation vulnerable to weather conditions.



To: Broken_Clock who wrote (14988)7/31/2002 7:05:06 PM
From: MCsweet  Read Replies (1) | Respond to of 78627
 
Word on the street is that CPN will last at least a few more months, but is in serious trouble of going bankrupt as well.

Again, this is just the whispers that one hears in the industry.

MC