It was about 3 PM on July 28th, 2006 when I touched down in Boise, Idaho.
After I checked into the Marriott, dropped off my luggage and freshened up, I was escorted to downtown Boise, where I was to meet the top brass of my latest blockbuster renewable energy play.
I met them at the Basque restaurant Leku Ona, which means "good place."
I was pretty excited to meet the officers of the company because single-handedly these guys sealed the deal to construct and operate the first-ever geothermal power plant in the state of Idaho. This is huge considering the DOE ranks Idaho 3rd in the nation in potential geothermal energy capacity. Only California and Oregon are bigger.
So I knew these guys were top-shelf, all the way.
As an aside, if you're ever in Boise, go to Leku Ona. It's one of the best restaurants in the city. Be sure to try the paella. It's served in a metal skillet, where saffron-spiked rice mingled with tender pieces of rabbit, chicken breast, small pork ribs, sliced chorizo and sweet bell pepper. Delicious.
Now, the next day - on Saturday, July 29, I attended the groundbreaking ceremony at the site of the new power plant, which is situated in a town known as Raft River.
Raft River is the most unlikely place to find the early stages of the American geothermal revolution. It's a jerkwater outpost that's a 3-hour drive from Boise. When I say "jerkwater" I mean this place is isolated from civilization. I counted only 6 residential homes and just one diner on our way in.
But I couldn't have cared less. This was an historic day for the state of Idaho and for the entire geothermal energy market.
You see, the geothermal power plant at Raft River would soon become the only geothermal power plant in the state of Idaho. So this tiny $0.80 company had a virtual stranglehold on the Gem state.
And this was huge. Why?
Because according to the U.S. Department of Energy, the Raft River region has an estimated capacity as high as 1,000 MW.
That's enough to provide for roughly 1 million households!
Ironically, according to U.S. Census data, there are only about 370,000 single-family homes in the entire state.
So Raft River could potentially provide for nearly three times as many single-family homes in the entire state of Idaho!
And were talking about a mountain of cash in return. This one single project has a potential worth of about $140 million in annual revenue!
Now here's the best part...
At the time, this thing was so far below the radar, hardly anyone even realized it existed. Sure, top institutional investment firms sent representatives to the ceremony, including one from Goldman Sachs.
But that was it. And I wasn't surprised. Not many over-fed, spoiled Wall Street analysts are willing to take an 8-hour flight to Boise, Idaho and then drive 3 hours to no-man's land to check out a bunch of geothermal wells.
But I did. And I loved every minute of it.
Because the pay off was massive...
I recommended this geothermal stock to my readers on July 25, 2006, when it was trading for around $0.80 a share. By October 31, 2007, the stock hit $4.78 a share - delivering Green Chip investors a 497% gain - in less than 14 months.
Take a look...
Now given the state of today's market, gains like that seem almost incomprehensible. After all, Wall Street has been in an absolute tailspin since last year. In fact, that little geothermal stock that made us so much money is now trading back at levels we haven't seen since 2006!
And that's why I'm writing you today.
Less than 3 years ago, this company had no operational power plants, no revenue stream, and only one other property besides the one in Idaho.
That's when we first got in and watched it soar nearly 500%.
Today however, in 2009, the company has 2 operational power plants, a consistent revenue stream, and another property that it's currently developing.
But it's trading at $0.80 a share again!
You see, after its meteoric rise in 2007, the stock plummeted in 2008 - during one of the worst market implosions in U.S. History. But the fact is, it's actually worth more today than it was three years ago - before the company started selling power to the utilities and generating revenue.
Bottom line: This is perhaps the greatest, and most ignored bargain on Wall Street.
And while you may not have been around to join us in the 497% gain we witnessed in 2007 - you can certainly join us this time around, as we load up on these excessively cheap shares for a second time - and ride it right back up for another triple bagger.
In fact, I've outlined all the juicy details about this geothermal stock in our special report: Another Round of Geothermal Profits. And it's yours - absolutely free - when you accept our no-risk charter membership to Green Chip Stocks.
Plus, as soon as you join us, you'll also receive a username and password for the Green Chip Stocks web site. This will give you unlimited access to our current and upcoming recommendations, past issues, and our library of research reports...
...Including our latest: 5 Bargain Renewable Energy Stocks to Own NOW.
Our favorite geothermal play wasn't the only stock to get hammered in 2008. In fact, there are a handful of other solid renewable energy stocks now trading at exceptionally low levels.
5 Bargain Renewable Energy Stocks to Own NOW highlights 5 specific stocks that we believe will deliver the biggest gains in 2009 as the market rebounds from such a tough year.
And listen, because this is a charter membership, I also want to offer you a special, one-time deal...
For a limited time, you can join Green Chip Stocks for just $99 a year!
That's a full $100 off the regular annual price - and you still get...
Membership to Green Chip Stocks
Our special report: Another Round of Geothermal Profits
Our latest research report: 5 Bargain Renewable Energy Stocks to Own NOW
Weeklky updates and recommendations
And...
Just to sweeten the deal, I'll even throw in a free copy of my latest book, Investing in Renewable Energy: Making Money on Green Chip Stocks (a $27.95 value).
All for just $99 a year if you accept this offer today!
And here's my promise to you...
I will give you 30 days to examine our top-notch research and investment philosophy. If you decide that Green Chip Stocks is not for you at any time during this trial period, simply let me know in the first 30 days, and I'll completely reimburse you every penny. That's right - evey penny.
You can even keep the book. It's my gift to you.
So if you're ready to join the thousands of other Green Chip investors - who already saw our favorite geothermal stock deliver gains in excess of 490% the first time around
No comments:
Post a Comment