BY JOHN-LAURENT TRONCHE July 21, 2008
Fort Worth Business Press
Story at: http://www.fwbusinesspress.com/display.php?id=8027
The North Texas area is nationally known as a leader and example of natural gas production, but one company and one individual, both with oil business pasts, could help the Metroplex become known for more alternative energy resources, too.
Grapevine-based GreenHunter Energy Inc., whose CEO comes from oil and gas operator Magnum Hunter Resources Inc. (acquired by Cimarex Energy Inc. in 2005), and famed Texas oil man and Dallas resident T. Boone Pickens both have ramped up their support for alternative energy sources - that is, not oil.
The former is focusing on three main areas of investigation - biofuels, biomass power and wind energy - while Pickens is pushing exclusively for wind power and natural gas, according to his July 8-debuted Pickens Plan.
"Texas has always been a powerhouse in the United States in many ways," said Jack Zedlitz, director of corporate communications at GreenHunter Energy. "In the energy industry, Texas has been a focal point of oil and gas production and remains to be so.
"What a lot of other folks people don't know is Texas is also the largest wind power producer in the United States.
"I think this is another opportunity for Texas to continue to dominate, not only conventional power and fuel but also renewable energy."
**
I have seen these ads, on TV, with Mr. Pickens in them and thought , now there is a guy that sees the future. I first heard about Mr. Pickens when I saw him in Inc. Magazine article. I read the article and was impressed that an "Oil" guy was doing something different than Oil, and making money. Now, that is what true entrepreneur, he changes with the times and still makes money. The article was very good, but did not detail out his "Pickens Plan" but did tell of how he is making money for the land owners around his Texas estate.
I am glad to see that out of adversity or pain, i.e. high oil prices comes innovation. Throughout history when America was faced with its greatest adversity came its greatest innovations and this time period is no different. Maybe on difference is that the people and industries that have held us captive to a "Real" solution to this Oil addition we have in this country. If they can make money at a solution then that solution will be put into use, not until then.
What do you think. Is this a turning point for Oil, is the "Green" movement going to really take hold? Is is going to stay around?
Pat Gage
www.10stepstomoney.com
Monday, July 21, 2008
Friday, July 18, 2008
Thursday, July 17, 2008
An unexpected letter in the mail...$100,000
Hi,
Just the other day I opened my mail and to my surprise
it was an other business credit card. But, this business
credit card was different, it didn’t look like the
other cards that I’ve received before, plus I didn’t have
that bank on my tracking sheet, which tells me, what lines
of credit I have applied for.
So to say the least I was a bit curious about this card that
stated "Your New Account Has Been Established." As I
read further down the letter with the card attached I knew
that this was not a typical "Credit Card", it was a $100,000
line of leasing credit. That's right leasing credit. I didn’t
apply and had never up to this point heard of this company
so I was very curious about this offer, $100,000?
So I called the 800 number on the letter and
started talking to Jason, I told Jason that I didn’t
apply for this card and where did you get my information,
etc. Jason told me that my company fit their profile
of companies that they make this kind of offer to, because
my company looks and acts like a business the line
of credit was issued.
And guys here’s the best part….This leasing line
of credit was issued solely based on my company’s
Dun & Bradstreet report! NO Personal Guarantee!
NO Social Security Number was given at all!
That is awesome! Do you see the power of Business Credit?
I asked Jason to explain this $100,000 line of leasing
credit. Jason said that it’s for us to use on anything that we
can lease like vehicles, office equipment, rent for a building
etc. I said that sounds great, but what are the interest
rates for this type of leasing credit? Jason said that
the rates are currently at 5.25% -I said WHAT! 5.25%! Jason
said yes, that’s correct. I said that’s great! I then asked
Jason what’s the catch, do you have to lease only from
your list of vendors, Jason siad NO, you can use any vendor
you want. Also, I can use any amount up to the $100,000 limit
that I want, so I could lease a copier for $230.00 a month
or a whole office space for $3,000 per month.
This leasing company is just one of the many offers I get in
the mail on a daily basis and this will happen to you when
you follow the “10 Steps To Money” system of raising unlimited
money for your business. What would you do with $100,000 in
leasing credit?
To Your Business Success,
Pat Gage
..
www.10stepstomoney.com
Just the other day I opened my mail and to my surprise
it was an other business credit card. But, this business
credit card was different, it didn’t look like the
other cards that I’ve received before, plus I didn’t have
that bank on my tracking sheet, which tells me, what lines
of credit I have applied for.
So to say the least I was a bit curious about this card that
stated "Your New Account Has Been Established." As I
read further down the letter with the card attached I knew
that this was not a typical "Credit Card", it was a $100,000
line of leasing credit. That's right leasing credit. I didn’t
apply and had never up to this point heard of this company
so I was very curious about this offer, $100,000?
So I called the 800 number on the letter and
started talking to Jason, I told Jason that I didn’t
apply for this card and where did you get my information,
etc. Jason told me that my company fit their profile
of companies that they make this kind of offer to, because
my company looks and acts like a business the line
of credit was issued.
And guys here’s the best part….This leasing line
of credit was issued solely based on my company’s
Dun & Bradstreet report! NO Personal Guarantee!
NO Social Security Number was given at all!
That is awesome! Do you see the power of Business Credit?
I asked Jason to explain this $100,000 line of leasing
credit. Jason said that it’s for us to use on anything that we
can lease like vehicles, office equipment, rent for a building
etc. I said that sounds great, but what are the interest
rates for this type of leasing credit? Jason said that
the rates are currently at 5.25% -I said WHAT! 5.25%! Jason
said yes, that’s correct. I said that’s great! I then asked
Jason what’s the catch, do you have to lease only from
your list of vendors, Jason siad NO, you can use any vendor
you want. Also, I can use any amount up to the $100,000 limit
that I want, so I could lease a copier for $230.00 a month
or a whole office space for $3,000 per month.
This leasing company is just one of the many offers I get in
the mail on a daily basis and this will happen to you when
you follow the “10 Steps To Money” system of raising unlimited
money for your business. What would you do with $100,000 in
leasing credit?
To Your Business Success,
Pat Gage
..
www.10stepstomoney.com
Wednesday, July 16, 2008
American Capital Commits $300 Million to Core Business Credit
BETHESDA, Md., May 19 /PRNewswire-FirstCall/ -- American Capital Strategies Ltd. (Nasdaq: ACAS) announced today that it has committed $300 million to Core Business Credit, a newly-formed commercial finance company that will provide asset-based financing to middle market companies nationally.
American Capital's investment takes the form of subordinated debt and equity.
In addition, Core has secured a $125 million senior credit facility with Autobahn Funding Company, LLC, an asset-backed commercial paper conduit sponsored by DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main. This makes Core's total committed capitalization in excess of $425 million.
"In the current environment, middle market companies need access to capital and Core will provide an attractive solution," said Bob Grunewald, Managing Director, American Capital Financial Services Group. "Core will be a unique combination of a national lender with a broad product offering, yet high-level customer service and access to senior management."
Based in Dallas, Core plans predominately to make asset-based loans secured by accounts receivable, inventory, equipment and owner-occupied real estate.
This is another way to get capital for your business. It just goes to show you that even in this "credit" crunch that their are compaines that are giving business credit. Now this is asset based lending which is different than unsecured Business Lines of credit that I teach about, but this goes to show you that this industry is not stopping the flow of money to companies.
What do you think, love to hear from you?
Pat Gage
www.10stepstomoney.com
American Capital's investment takes the form of subordinated debt and equity.
In addition, Core has secured a $125 million senior credit facility with Autobahn Funding Company, LLC, an asset-backed commercial paper conduit sponsored by DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main. This makes Core's total committed capitalization in excess of $425 million.
"In the current environment, middle market companies need access to capital and Core will provide an attractive solution," said Bob Grunewald, Managing Director, American Capital Financial Services Group. "Core will be a unique combination of a national lender with a broad product offering, yet high-level customer service and access to senior management."
Based in Dallas, Core plans predominately to make asset-based loans secured by accounts receivable, inventory, equipment and owner-occupied real estate.
This is another way to get capital for your business. It just goes to show you that even in this "credit" crunch that their are compaines that are giving business credit. Now this is asset based lending which is different than unsecured Business Lines of credit that I teach about, but this goes to show you that this industry is not stopping the flow of money to companies.
What do you think, love to hear from you?
Pat Gage
www.10stepstomoney.com
Tuesday, July 15, 2008
A Day at the Zoo...
Recently my wife and I took a day off to enjoysome time with our kids.
We took a trip to the zoo, which I have not beento since I was like 10 years old.
It was great to go to the zoo and not have to worryabout the business. See we have our businesses on autopilot and have systems in place so that we can take a day like this off and enjoy ourboys. Because as everyone says, "they grow up so fast."
To view the photos of the Zoo Vist just click on the link below:
http://www.facebook.com/album.php?aid=2001919&l=34371&id=1329581882
To Your Business Success,
Pat Gage
www.10stepstomoney.com
We took a trip to the zoo, which I have not beento since I was like 10 years old.
It was great to go to the zoo and not have to worryabout the business. See we have our businesses on autopilot and have systems in place so that we can take a day like this off and enjoy ourboys. Because as everyone says, "they grow up so fast."
To view the photos of the Zoo Vist just click on the link below:
http://www.facebook.com/album.php?aid=2001919&l=34371&id=1329581882
To Your Business Success,
Pat Gage
www.10stepstomoney.com
Tuesday, July 1, 2008
S&P, Moody's raise Countrywide after BofA takover
NEW YORK, July 1 (Reuters) - Two rating agencies on Tuesday raised their debt ratings on Countrywide Financial Corp. after the largest U.S. mortgage lender was acquired by Bank of America.
S&P raised Countrywide's counterparty rating to "AA," the third-highest investment-grade level, from the highest junk level of "BB-plus" to align it with ratings of Bank of America. The upgrade reflects expectations that Bank of America will honor Countrywide's debt, S&P said in a statement.
And Moody's Investors Service upgraded Countrywide's senior debt rating to "Aa2," in line with Bank of America's ratings. The ratings of Charlotte, North Carolina-based Bank of America were affirmed.
Wasn't it just a few months ago they were talking about massive layoffs and downgrades, makes you wonder if the subprime mess was just for real? Now B of A can borrow more.
Pat Gage
http://www.10stepstomoney.com/
S&P raised Countrywide's counterparty rating to "AA," the third-highest investment-grade level, from the highest junk level of "BB-plus" to align it with ratings of Bank of America. The upgrade reflects expectations that Bank of America will honor Countrywide's debt, S&P said in a statement.
And Moody's Investors Service upgraded Countrywide's senior debt rating to "Aa2," in line with Bank of America's ratings. The ratings of Charlotte, North Carolina-based Bank of America were affirmed.
Wasn't it just a few months ago they were talking about massive layoffs and downgrades, makes you wonder if the subprime mess was just for real? Now B of A can borrow more.
Pat Gage
http://www.10stepstomoney.com/
New URL for Ron LeGrand Quick Turn Game
Just thought you would like to know, I just talked to the creator of this game and he gave me a new URL to use.
They are just taking your name and email until the game becomes available in Aug. early Sept.
The URL is www.quickturngame.com
I will update you with more later
Later
Pat Gage
www.10stepstomoney.com
They are just taking your name and email until the game becomes available in Aug. early Sept.
The URL is www.quickturngame.com
I will update you with more later
Later
Pat Gage
www.10stepstomoney.com
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