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Think again, says Anas Alhajji, chief economist at NGP Energy Capital Management in Dallas.
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Last year, Nevada Geothermal Power (TSX-V:NGP, OTC:NGLPF) and Ram Power were both tripped up by unpleasant surprises at their biggest projects.
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Before joining NGP in 2008, Alhajji taught economics at Ohio Northern Univ.
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Release of Nintendo 3DS and coming Sony NGP should boost growth.
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Codenamed NGP or Next Generation Portable, the device will feature a touch panel in the front and touch pads in the back, along with a 3G wireless connection.
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The idea is that Pokemon and Mario Bros. are for kids, and titles like Uncharted and Metal Gear Solid are for adults, and only found on the NGP.
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Literally, though most will refer to it as the NGP.
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The NGP is physically HUGE as this size comparison chart demonstrates (via Kotaku), and it might be too bulky for those who are used to the incredibly slim DS or their iPhones.
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More details on the NGP as they come.
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However, as Ken Hersh the CEO of NGP Energy Capital suggests, the market is in the process of realigning, as there has been a twenty percent correction in rig count (with more to go), which will tighten supply figures over the next 18-24 months.
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