Zeev's Turnips - No Politics Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Zeev's Turnips - No Politics

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: LTK007 who wrote (10188)	12/4/2001 12:19:30 AM
From: LTK007	Read Replies (1) of 99280

well that ENE matter is really just now heading to a massive collison of Dynergy and Enron because of this<<The loan, provided by Enron's two lead banks, J.P. Morgan Chase & Co. (JPM) and Citigroup Inc. (C), is collateralized by all of Enron's assets, including $ 1.8 billion in proceeds for the sale of Enron's Portland General Electric to Northwest Natural Gas Co. (NWN), and Enron's two pipelines, the Northern Natural Gas pipeline and the Transwestern pipeline.>> problem being NNGpipeline was all ready used as collateral for the Dynergy loan--- and press release also contains this The release of the remaining $1 billion is contingent upon syndication and final court approval, the person familiar with matter said. i don't see court approval happening.Basically i feel Enron is now putting up a vicious fight to avoid Chapter 7---and are now trying to STEAL 1.5billion dollars from DYNERGY.The legal comments i am reading is that this be just wild moves by Enron and that they have little chance of getting away with---max

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next