Paul Ausick

Recent Articles

Constellation Energy CEG Goes for Gas, Waits for Nukes

By Paul Ausick

Maryland-based Constellation Energy Corp. (CEG) has purchased two combined-cycle gas-fired electricity generating plants in Texas from privately-held Navasota Holdings for $365 million. Constellation adds 1,100 megawatts of capacity with this acquistion. Each plant has a project underway to add 275 megawatts to its capacity. The acquisition gives Constellation generation capacity in Texas, where it needs to increase its supply in order to meet its obligated load requirements.

Peabody BTU Offer for Macarthur to Get Hearing

By Paul Ausick

Australian coal miner Macarthur Coal has agreed to postpone its extraordinary general meeting originally scheduled for next Monday to vote on Macarthur's takover of another Australian coal miner, Gloucester Coal Ltd. The delay is the result of a sweetened offer from Peabody Energy Corp. (BTU) of AUS$4.07 billion for Macarthur, provided Macarthur doesn't acquire Gloucester.

Apache Deal With Devon Adds Another Deepwater Stake

By Paul Ausick

Buying and selling in the oil patch heated up this week, with about $10 billion changing hands in a flurry of mergers and acquisitions. Apache Corp. (APA) led things off, buying deepwater Gulf of Mexico assets from Devon Energy (DVN) for $1.05 billion.

Syngenta SYT Earnings Fall Short

By Paul Ausick

Swiss-based agricultural chemicals maker Syngenta AG (SYT) reported first quarter 2010 revenues of $3.5 billion, just slightly lower than estimates of $3.574 billion. That's -3% at today's exchange rate, but -8% at a constant exchange rate to the first quarter of 2009.

Solar Stocks in Focus in Canada as German Interest Wanes

By Paul Ausick

Earlier this week, the Canadian province of Ontario announced that it had chosen the companies to build $8 billion worth of renewable energy projects under the province's strengthened feed-in tariff program. The new renewable supply totals about 2,500 megawatts, and solar stock Canadian Solar, Inc. (CSIQ) won about 28% of the program total, 176 megawatts.

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