Capital Power Corp CPX

Primary Symbol: T.CPX Alternate Symbol(s): CPXWF | T.CPX.PR.A | CPRHF | T.CPX.PR.C | CPWPF | T.CPX.PR.E

Utilities Utilities - Independent Power Producers

Capital Power Corporation is a growth-oriented power producer company. The Company develops, acquires, owns, and operates renewable and thermal power generation facilities and manages its related electricity and natural gas portfolios. It is involved in the operation of electrical generation facilities within Canada and in the United States. The Company has approximately 9,300 megawatts (MW) of power generation capacity at 32 facilities across North America. Its projects under construction include over 140 MW of renewable generation capacity and 512 MW of incremental natural gas combined cycle capacity from the repowering of Genesee 1 and 2 in Alberta, and over 350 MW of natural gas and battery energy storage systems in Ontario and approximately 70 MW of solar capacity in North Carolina in advanced development. Its La Paloma facility is located in Kern County, California. The Company also has a Harquahala natural gas generation facility in Arizona.

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Capital Power Corp

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Post by investorblingon Mar 24, 2007 1:06pm

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Post# 12482379

Recommendations - U.S. Oilfield Services Sector

Concorde

Concorde initiated research coverage of the oilfield services sector on March 22, 2007 with reports on the following 14 companies:

• Atwood Oceanics (ATW : NYSE : $55.29 | BUY, $63.00 target price)

• Basic Energy Services (BAS : NYSE : $23.77 | HOLD, $28.00 target price)

• CARBO Ceramics (CRR : NYSE : $46.52 | HOLD, $44.00 target price)

• Complete Production Services (CPX : NYSE : $19.73 | HOLD, $22.00 target price)

• Core Laboratories N.V. (CLB : NYSE : $84.03 | HOLD, $76.00 target price)

• Helmerich & Payne (HP : NYSE : $30.08 | BUY, $34.00 target price)

• Hercules Offshore (HERO : NASDAQ : $25.99 | BUY, $35.00 target price)

• Hornbeck Offshore (HOS : NYSE : $27.63 | BUY, $30.00 target price)

• Oil States (OIS : NYSE : $31.38 | BUY, $35.00 target price)

• OYO Geospace (OYOG : NASDAQ : $67.91 | HOLD, $65.00 target price)

• Pioneer Drilling Company (PDC : AMEX : $12.73 | HOLD, $15.00 target price)

• RPC (RES : NYSE : $15.66 | BUY, $20.00 target price)

• TETRA Technologies (TTI : NYSE : $24.26 | BUY, $28.00 target price)

• W-H Energy Services (WHQ : NYSE : $43.59 | BUY, $53.00 target price)

We recommend investors market-weight the oilfield services sector. Over the next twelvemonths we expect the Philadelphia Oilfield Services Sector Index to trend to the $220.00 level, 11.8x consensus 2007 EPS expectations, as activity levels remain high and, as a result, equipment and services prices remain robust. Crude oil and natural gas prices, fueled by worldwide economic growth, are the greatest influences on oilfield service companies' share price performance. We expect commodity prices in 2007 to remain high compared to historical levels. The fundamentals of the declining size of exploratory successes and increasingly steep decline rates of established production underpin these positive expectations.

Operationally, the offshore drilling, downhole drilling tools, and well servicing subsectors should be among the best performing sectors in 2007-2008. Our favorite names in our oilfield services research universe are Hercules Offshore, Helmerich & Payne, and TETRA Technologies.