Insiders are fired up at Maxim Power
    
    
      
    
  

  
    
        Maxim Power is focused on
        the Alberta energy market
        where the province is moving
        away from coal-based power
        generation to a focus
        on renewables and natural gas
        in order to reduce emissions.
        Maxim is currently building
        a 204 megawatt natural gas
        fired power plant at Grande Cache.
        The company currently anticipates the plant,
        called M2, will start
        operation by June of this year.
        As of mid-December, construction
        was about 67% complete.
        Total cost of the project is
        expected to be $147 million.
        The project has been financed from
        internal cash and from lenders
        including ATB Financial and
        related parties to Maxim.
        The company has three other projects
        on the drawing board that
        combined have the potential to produce
        over 700 megawatts of power.
        Two of the projects are natural gas
        powered while the other is wind powered.
        Key success factors
        for the company’s strategy
        will be the price of power
        and natural gas in Alberta.
        At $60 per megawatt,
        Maxim would expect to generate
        about $34 million in
        EBITDA at a natural gas price
        of $2 per gigajoule.
        Insiders appear to be energized about
        the stock’s prospects and that is helping
        to give the stock a bright outlook.
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        This report is not
        a recommendation to buy or sell securities.