PRINCETON, N.J., March 10, 2003 (PRIMEZONE) -- FindProfit (www.findprofit.com), an investment advisory service that delivered a +73% audited return in 2002, announced that it is making a contrarian "sector bet" on the depressed merchant energy sector. This has led to the recent purchases of El Paso (NYSE:EP) and Duke Energy (NYSE:DUK) for FindProfit's model portfolios.
FindProfit has been covering the entire merchant energy and utility sectors in great detail since July 2002 and recently published an extensive Energy Stock Outlook with a former Institutional Investor ranked energy analyst. FindProfit also recently purchased Mirant (NYSE:MIR) and has been closely following Dynegy (NYSE:DYN) and numerous other potential investment ideas in the sector.
All paid and trial FindProfit subscribers can now receive immediate access to FindProfit's exclusive reports and ongoing commentary and analysis about the merchant energy and utility sectors. As a trial or paid subscriber, you'll also gain access to our latest investment moves in this area. Start your 30-day free trial today: http://www.findprofit.com/subscribe.php3?refer=zone2
FindProfit's recent analysis on the merchant energy sector covers the following specific details (and much more):
Duke Energy: - Is Duke's 8% dividend yield secure? - Can Duke stabilize and turn around its merchant energy business? - Will Duke be able to hit its asset sale goals for 2003? - Can Duke's management regain Wall Street's confidence? El Paso: - Does El Paso face an Enron-like "run on the bank" liquidity crisis? - Can El Paso de-lever its balance sheet without additional common stock issuance? - How serious are El Paso's accounting issues? - How will the state of California's allegations hit El Paso? - Will higher natural gas prices help El Paso? - Will Warren Buffet's MidAmerican Energy recent pipeline purchases bolster interest in El Paso's pipeline assets? Mirant: - Can Mirant refinance its short term debt maturities? - Can Mirant complete sufficient asset sales in the current dismal market to stabilize its liquidity situation? - How will the problems in the merchant energy trading business impact Mirant? - Can Mirant avoid substantial common stock issuance and/or bankruptcy as it de-levers its balance sheet? - What role will Mirant's international operations play in the company's ongoing strategy? - What is the outlook for electricity "spark" spreads? Dynegy: - Is Dynegy's new management team as good they sound? - How will Dynegy's relationship with Chevron play out? - Can Dynegy successfully hurdle its short term liquidity challenges?
Sign up now for a 30-day free trial to FindProfit and you'll gain instant access to FindProfit's in depth coverage of the merchant energy and utility sectors, as well as our full "as it happens" investment commentary and comprehensive model portfolios, by clicking here: http://www.findprofit.com/subscribe.php3?refer=zone2. Subscribers also receive access to FindProfit's Special Bonus Report, "Five MUST-OWN Bargain Stocks!"
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