Tuesday, June 21, 2011


I called NCEN investor relations. They claim they could break ground on the new CBWP wind plant any day now and possibly be done by this December. They still have to get turbine financing yet.  NCEN owns 30% of CBWP. The new wind farm  will have 200 MW total which is 100 turbans in North Dakota.  NCEN has connections to financing and CBWP has the technical knowhow. CBWP has put up turbans before but to their regret they sold them in 2005, it seemed like a good idea at the time. The risk grade on NCEN is 631 now.it is trading at $.035 as of 12:30 tuesday. CBWP is at  a nickel a share but the ask is $.08 so there is no volume. NCEN is easier to buy it seems. IVR is down only $.12 after an offering, I would expect a bigger drop than that. ARR is $7.39, AGNC went ex dividend today. Link to more information: http://www.marketwire.com/press-release/nacel-energy-announces-28-million-financing-for-crownbutte-wind-power-otcqb-ncen-1524718.htm

No comments:

Post a Comment