BUYINS.NET: HOO, EJ, NRF, MHA, CLWR, CPNO Have Been Added To Naked Short List Today

• Published in: M2 Presswire p. 1
• Format: Newsletter
• Language: English
• Published: Coventry Normans Media Ltd 08.02.2008
• Subjects: Equity stake; Information services; Internet service providers; Local distribution companies; Natural gas; Pharmaceutical industry; REITs; Short sales; Stockholders; Wireless networks

Copano Energy L.L.C. (NASDAQ: CPNO) through its subsidiaries, provides midstream energy services in the United States. The company operates through three segments: Mid-Continent Operations, Texas Gulf Coast Pipelines, and Texas Gulf Coast Processing. The Mid- Continent Operations segment provides natural gas midstream services, including natural gas gathering and related compression and dehydration services, and natural gas processing in central and eastern Oklahoma. The Texas Gulf Coast Pipelines segment owns a network of natural gas gathering and intrastate pipelines in the Texas Gulf Coast region; and involves in the gathering and intrastate transmission of natural gas in south Texas, Coastal Waters, Central Gulf Coast, and Upper Gulf Coast regions. It also provides natural gas compression, dehydration, and marketing services. The Texas Gulf Coast Processing segment engages in natural gas processing, conditioning, and treating, as well as natural gas liquid (NGL) fractionation and transportation through its Houston Central Processing Plant, Sheridan NGL Pipeline, and Brenham NGL Pipeline. As of December 31, 2006, Copano Energy operated approximately 5,000 miles of natural gas gathering and transmission pipelines, as well as 5 natural gas processing plants, with approximately 800 million cubic feet per day of combined processing capacity. The company also holds a 37% stake in Fort Union Gas Gathering LLC, which operates 105 miles of natural gas pipelines in Wyoming's Powder River Basin. It also holds a 51% stake in Bighorn Gas Gathering LLC, which includes approximately 238 miles of natural gas gathering pipelines and transports gas into the Fort Union system. Copano Energy delivers natural gas to third-party pipelines, processing plants, local distribution companies, power generation facilities, and industrial consumers. The company was founded in 1992 and is based in Houston, Texas. With 47.32 million shares outstanding and 1.04 million shares declared short as of January 2008, there is a failure to deliver in shares of CPNO. According to quarterly data provided by the SEC, there were still 17,946 shares of CPNO that were failing-to-deliver as of September 28, 2007. This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission.