Post by
shotski on Apr 14, 2006 2:24pm
I found
the first line from this part of the news release very interesting, or am i reading to much into it?
First quarter drilling results have prompted Find to begin the engineering work on a 20 mmcf per day expansion of the Pembina Blue Rapids Gas Plant which will increase the plant's capacity to 50 mmcf per day.
Comment by
largeinvest on Apr 16, 2006 7:20pm
The increase in the plant only amounts to a 15% net more for FE, and covers their @ss quite nicely to expand further with more success. However factor in the recent 12% rise on Thursday, $6 AECO and production declines and they will have to takeover BME to remain competative. Otherwise the stock is way overbought at this price.
Comment by
duckhouse on Apr 16, 2006 6:25pm
Keep in mind you can make alot of $$$ by letting your neighbors produce into your plant as well as to handle your own future production increases.
d'house
Comment by
duckhouse on Apr 16, 2006 6:27pm
Keep in mind you can make alot of $$$ by letting your neighbors produce into your plant as well as to handle your own future production increases.
d'house