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Technology Stocks : Blank Check IPOs (SPACS) -- Ignore unavailable to you. Want to Upgrade?

To: jrhana who wrote (1853)	8/6/2008 12:37:20 PM
From: jrhana	Read Replies (1) \| Respond to of 3862

As we await for ESA to finally emerge from the SPAC shackles, I found this encouraging: <Doug Foshee, El Paso's president and chief executive, said in a statement that the company's pipeline group secured two major new projects to increase its committed backlog to a record $8 billion.> cnbc.com Not quoted there but he also made a comment on CNBC to the effect that the pipeline business was decidedly profitable at essentially any price of NG. NG has become a favorite of the Greens so it will be favored over politically incorrect coal. <Moreover, I am sticking hard with my prediction that NG is going to be an investing theme approaching maniacal proportions next year, as an iron curtain comes down on Coal. I don't know if anyone has noticed, but Boone Picken's ideas are now being sucked up by Gore, Ted Turner, Obama guy and fellow Chigagoan Rahm Emanuael, and Obama himself. Let's just leave aside for a moment any judgement we may have about the political aspects of this. I prefer to move straight in to what I think will happen: NG will be the preferred hyrdocarbon of the next Administration. It will not be taxed. It will not be attacked. In fact, it will be promoted and pushed. I expect them to lower the boom initially on the entire federal and state vehicle fleets. They will do a new round of transport budgets for the states, and induce them to buy CNG vehicles.> Message 24822440 <NG investing theme. Its really funny. Three years ago NG was getting pummeled in Congress. I remember sitting in on one hearing where former Senator Warner wanted to ban all new NG fired generation plants. Clinton was all for them. They we moved against them. Now they are back in favor. In fact they have been growing like weeds in the background because coal was just too expensive to build. Now besides the expense, coal has become a symbol of the devil. I can tell you this for sure - the environmentalists have their hands on the controls. The environmentalists will shift the capital plant profile over to favor NG just as you suggest. An environmentalist will never be a nuisance to himself by inquiring about the supply of NG. The environmentalists are whole hog against new coal even though it is the low cost on a per BTU basis. NG will get built out and consumed whether or not it makes any cost or resource availability sense.> Message 24822657 Again the amount of (very profitable) business that ESA will get is only limited by the availability of skilled labor. And both ST Pipeline and CJ Hughes have been in business a long time and have a well established training program with their experienced supervisory personnel. And again the behavior of the warrant is good evidence that the deal will be approved.

To: jrhana who wrote (1853)	8/8/2008 11:15:24 AM
From: jrhana	Read Replies (2) \| Respond to of 3862

A 2,035,244 block of ESA shares just crossed at $5.97. This is undoubtedly the SPAC arb positions being taken out. That means the survival of ESA is now assured. Marshall Reynolds is a man of his word. My advice to anyone holding warrants is to do just that: hold. Sure take some profits at higher prices and perhaps trade some at higher prices, but I would strongly recommend holding a good amount until exercise. The stock is going much much higher in the future. Marshall Reynolds has big plans.