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I think you should buy...: Geothermal stocks?

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    • CommentAuthorhackswell
    • CommentTimeJun 10th 2009
     Report Post# 1
    From: Dow Jones Newswires 06-08-09 1627ET

    Canadian-listed geothermal stocks climbed sharply Monday, a move that market watchers attributed largely to the upcoming initial public offering of Magma Energy Corp.
    Magma, a Vancouver geothermal company headed by Ross Beaty, filed a preliminary prospectus last week in preparation for its IPO.

    ...

    HTM, NGP (NGLPF on OTC), ORA, PGTHF, SRAGF, WHPWF all mentioned in the article.


    Disclosure: I own shares of NGLPF, and I can confirm it's been going up like a rocket lately. Past performance has no guarantee of future performance. Your mileage may vary. Do not taunt Happy Fun Ball. (Still legal in 17 states!)
    • CommentAuthorDarrell
    • CommentTimeJun 10th 2009
     Report Post# 2
    I picked NGLPF oner HTM whn I got onboard with geothermal, NGLPF is steady rising but the rocket has been HTM since opening new plant and announcement of Obama giving stimulus money to HTM.
    • CommentAuthorhackswell
    • CommentTimeJun 10th 2009
     Report Post# 3
    Yeah... well... That's the way it goes. But I feel that "green" energy is getting a boost in the US and CAN because of the "stimulus" law. I do think NGLPF is a good company. They're 1-3 months ahead of schedule, which means less interest on loans once the new plant comes online... assuming something else doesn't cause the schedule to slip.

    And also, I believe Ormat is involved with some of the construction on the Blue Mountain plant.
    • CommentAuthorDarrell
    • CommentTimeJun 10th 2009
     Report Post# 4
    Please don't leave out RZ, and I'm just saying; the ceo that plants lips on bam bam rear, get the stimulus money. That announcement is a large part of their price increase.
    • CommentAuthorhackswell
    • CommentTimeJun 10th 2009
     Report Post# 5
    I like NGP/NGLPF better. They've got full financing for the Blue Mountain plant and a good balance sheet. Barring any great misfortune, they should start earning money soon.

    How are RZ's balance sheets? I haven't researched them yet. :(
    Thankful People: Darrell
  8.  Report Post# 6
    I own RZ...owned HTM in the past, rode it down and sold at the bottom. I've been burned, but I might try HTM again.

    On the positive side, lots of activity with each newsletter mention (and there are many).
    Thankful People: Darrell
    • CommentAuthorslam608
    • CommentTimeJun 10th 2009
     Report Post# 7
    I still like ORA, it has a global reach and id being heavily touted on the free email that comes from green chip. It's expensive but geothermal is a cash intensive biz, and Ormat has money.
    Thankful People: Darrell

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