Enron - Natural Gas Industry Message Board

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Gold/Mining/Energy : Enron - Natural Gas Industry

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To: buffaloha who wrote (1109)	12/5/2001 2:46:44 AM
From: Charles Tutt	Read Replies (2) of 1433

"I'm betting ENE raises or emerges with some shareholder value because the big banks can't allow it to fritter away the loans. The only chance of getting repaid is to get ENE back online and moving. Why would the banks invest so much DIP dough unless they too think it has a darn good chance of succeeding..." I'm missing a logic step or something in trying to understand this paragraph. Wouldn't the banks be perfectly happy to have it succeed _under their ownership_ ? JMHO. Charles Tutt (TM)

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