Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 50% Gains Investing -- Ignore unavailable to you. Want to Upgrade?

To: Dale Baker who wrote (33298)	4/22/2003 10:11:01 AM
From: Bridge Player	Read Replies (1) \| Respond to of 118717

Given that Calpine owns large natural gas reserves and also is a consumer of natural gas in its power plants, do you have any feel for the pros or cons of swings in natural gas prices on their profitability?

To: Dale Baker who wrote (33298)	4/22/2003 12:38:41 PM
From: WhatsUpWithThat	Read Replies (1) \| Respond to of 118717

FWIW, from David Peltier on RealMoney (v interesting full article covering a number of 'way down energy companies): Calpine: This company just seems to be digging itself into a bigger and bigger hole. It has $579 million in cash on the balance sheet vs. the year-ago $1.5 billion, and short-term borrowing increased last quarter to $1.651 billion. Calpine is burning through what operating cash flow it has managed to generate. This is one single-digit midget that should probably be avoided.