fw : csfb ipp weekly : dyn / ene deal mitigates overhang ; mir meetingpre view ; new regional spark spread analysis
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from : stein , neil [ mailto : neil . stein @ csfb . com ]
sent : monday , november 12 , 2001 7 : 26 am
to : undisclosed - recipients
subject : csfb ipp weekly : dyn / ene deal mitigates overhang ; mir
meetingpre view ; new regional spark spread analysis
>
good morning ,
attached , please find the latest issue of our independent power weekly .
summary :
1 . ipps rise 3 . 8 % last week our ipp composite rose 3 . 8 % , outperforming the
s focus on the major ipps : highlighting cpn ,
mir and nrg given diminishing enron concerns , we would expect investors to
refocus on attractive valuations across the sector . the pure play power
producers are trading at a 12 % average discount to their private market
asset values . we continue to highlight calpine , mirant and nrg energy .
6 . mir hosting analyst seminar on tuesday ( 11 / 13 ) , mirant will host its
second major analyst meeting in atlanta , georgia . we expect management to
discuss the following : 1 . business plan update ; 2 . 2002 earnings visibility ;
3 . financing plans ; and 4 . reaction to dyn / ene deal .
7 . csfb philippines energy forum ; relevant to mir on 11 / 15 at 3 . 30 pm csfb
will host a philippines energy forum at the waldorf hotel in nyc . the
meeting will feature 3 speakers : 1 . her excellency gloria macapagal arroyo ,
the president of the philippines ; 2 . the honorable vincent s . perez , jr . ,
secretary of the department of energy of the philippines ; and , 3 . rick
kuester , ceo of mirant asia pacific . the forum will focus on upcoming
developments and opportunities in the power and oil / gas industry in the
philippines .
regards ,
neil stein 212 / 325 - 4217
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