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


To: jrhana who wrote (1862)8/8/2008 4:16:54 PM
From: jrhana  Read Replies (1) | Respond to of 3862
 
For ESA a several month period of relatively low NG prices could prove beneficial.

As mentioned they should be making excellent profits from their high margin pipeline business no matter what the price of NG is.

A lower price for NG will encourage utilities and private users to switch to NG generators /heating systems etc. A lower NG price could work to encourage the development of NG powered vehicles. These type of factors combined with the powerful Green lobby which loves NG should give the usage of NG a powerful tail wind and promote the long term demand for and price appreciation of NG.

As I expect ESA to show excellent and growing earnings the share prices of ESA could actually outperform many energy related companies. The warm months are generally the most profitable months for Appalachian pipeline construction.

And lower NG prices could enable ESA to get better prices for companies it may wish to acquire-for instance a horizontal NG drilling company.

This SPAC business has proven to be a grueling marathon much tougher and much longer than anyone predicted. ESA should begin to fire on all cylinders as soon as they finally put this SPAC nonsense behind them.

I have had an option to buy a nice lot in Hidden Horse Canyon which itself is a hard two days ride by mule back from the old Butch Cassidy gang's hideout in the Utah badlands. No mail, no phone, and no find nobody nowhere. But now I can let my option expire.