Enron - Natural Gas Industry Message Board

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Gold/Mining/Energy : Enron - Natural Gas Industry

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To: Softechie who wrote (1021)	12/2/2001 11:34:25 PM
From: Smart_Money	of 1433

"Enron's suit didn't ask the court to force Dynegy to buy it. It did ask the court to bar Dynegy from buying its Northern Natural pipeline, however, and so set the stage for what could be a huge legal battle over one of Enron's most prized assets. In return for an equity investment of $1.5 billion, Enron gave Dynegy an option to buy the pipeline if Dynegy ``properly'' terminated the merger agreement. However, Enron claims that since Dynegy wrongfully terminated the merger pact, it has no right to the pipeline." biz.yahoo.com What a joke. Is Enron saying the 1.5 billion was an equity investment. I bet you Chevron President fell out of his chair. Another fine example that Enron is not to be trusted, if management is gone shareholder might have a fighting chance.

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