Agree that this has been heavily over-sold today. All sentiment...

Agree that this has been heavily over-sold today. All sentiment based IMO.

This came on the wires earlier:

1256 [Dow Jones] Babcock & Brown Power (BBP.AU) down 42 cents or 32% at 88.5 cents, with one analyst saying share price fall on impact of Apache gas outage on BBP's Alinta gas retail and distribution business appears overstated. With BBP saying impact on EBITDA not expected to be material, analyst says the most conservative estimate, of just below a 10% impact, implies EBITDA down in FY08 and FY09 a total of around A$90 million vs a $310 million fall in market capitalization, "so that says to us that this is being overdone." While BBP says debt refinancing due to be completed next week, analyst says, "you never know until the funds give over the money." (WEL)