EP - EL PASO CORP

May and June $19 options have high volume

Massive call volume yesterda on the Sept 17.00.

Making a move to the 7.60 resistance area again today hoping it can finally push through and start heading up again

Testing 7.60 once again this morning lets see what happens

Get in while you can this will be hot selling off major assets for cold hard cash..........

El Paso said it will leave the power business in Brazil by selling its stake in the Porto Velho power generation facility for $178 million. The company also said it agreed to sell two nonstrategic natural gas-producing properties, one in northwest New Mexico and the other along the Louisiana/Arkansas border, for a total of about $77 million.

ransaction to close by the end of the first quarter of 2009

You can also buy the preferred which is yielding 9%

http://www.marketwatch.com/quotes/epprc

http://www.elpaso.com/investor/pref_epprc.shtm

I got my shares back at 8.60 so all Im really hoping for is it to break the 7.60 resistance and make a move towards 10 so I can at least get a stop set.

Broke out hopefully headed towards 10 next

Pushing over 9 pre market gonna ride her till she turns over now

Yep watching to make sure she doesnt turn over if she does Ill probably get out then rebuy lower

Didnt get a chance to pull some off for profit watching to see if it holds at the 7.40-7.50 area as it appears to be headed there. May add some if it holds.

El Paso files application to construct and operate Ruby Pipeline

As of 12:00 AM ET 1/27/09
El Paso Corporation, engaged in natural gas transmission and production, has filed with the US Federal Energy Regulatory Commission an application for a certificate of public convenience and necessity to construct and operate the Ruby Pipeline.

The proposed 675-mile, 42-inch interstate natural gas pipeline will access growing sources of supply from multiple Rockies basins and make those supplies available to Nevada, California, and Pacific Northwest markets. The Ruby Pipeline is expected to have an initial design capacity of up to 1.5 billion cubic feet per day.

Jim Cleary, president of El Paso's Western Pipelines, said: "Additional capacity out of the Rockies is urgently needed, and Ruby is the right solution to help end users and producers.

"We have completed the environmental, archaeological, and subsurface assessments for our proposed route and are on track to be in service in March 2011, pending Federal Energy Regulatory Commission (FERC) approval."


Would love to see this run back above 9 hopefully while I am available to trade this time. Got into this in November at 8.60 so would love a chance to sell for some profit and rebuy in if its gonna run and dip again. Missed my chance last time. I like this stock long term but wouldnt mind getting in a bit lower if its gonna run and dip yet again.

El Paso Becomes First Natural Gas Company to Achieve CCAR Milestone

The California Climate Action Registry (CCAR) announced that it has approved and registered the total emissions of El Paso Corporation (NYSE: EP) for all applicable greenhouse gas (GHG) pollutants in the U.S., making it the first natural gas company to obtain a complete CCAR approved GHG emissions inventory. The recognition covers emissions reported for 2007.

El Paso has been a CCAR member since 2006. In 2007, El Paso became the first company to earn CCAR's distinction of Climate Action Leader(TM) for its California emissions and the first organization in CCAR's history that submitted a certified inventory without a single error.

"The certification of our total U.S. emissions is a major milestone for El Paso Corporation," said Doug Foshee, president and chief executive officer of El Paso Corporation. "It is the culmination of a rigorous, three-year emissions inventory program that highlights our continuing commitment to being the neighbor to have. We believe natural gas will play a critical role in the nation's efforts to reduce greenhouse gas emissions, and El Paso will be at the forefront of the development of needed natural gas infrastructure and associated climate change policies."

"Once again, El Paso has demonstrated its national leadership on climate change policies and programs as it impacts natural gas. We applaud this achievement of reporting total U.S. emissions for all applicable emissions from El Paso's assets in the natural gas exploration, production, processing, transmission, and storage segments. El Paso is a pioneer in the area of carbon accounting for the natural gas industry and has served as a true and committed leader in addressing climate change," said Gary Gero, president of the California Climate Action Registry.

CCAR, a private nonprofit organization committed to solving climate change through emissions reporting and reduction, was originally created by the State of California in 2001 to protect and promote companies' and organizations' early actions to calculate, report and manage their GHG emissions. Emissions reports are certified by independent third-parties to ensure compliance with CCAR protocols and standardization across participants and sectors. Organizations that are willing to meet the accounting standards and third party certification requirements show their serious intent to address climate change. CCAR has been widely recognized as a gold standard for public reporting of GHGs.

El Paso's complete emissions report is available through CCAR's Web site at https://www.climateregistry.org/CARR...c/reports.aspx

Im hoping so, Im in at 8.60 Ive missed chances to sell and rebuy in lower several times so if it passes my break even point again I may have to play with some tight stops this time. Id love to sell for a small profit and get back in at 8 or lower if the stock wants to drop yet again.