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Gold/Mining/Energy : Enron - Natural Gas Industry
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To: RGM who wrote (1113)12/5/2001 10:32:24 AM
From: in_cog_nito  Read Replies (1) of 1433
 
Remember, ENE has HUGE amount's of assets. Look how fast ENE secured $$$$ after filing chapter 11....within mins.
The Banks felt safe enough!

Look at all the companies that are bidding against each other to BUY ENE Assets. That is not normally the case with a Chapter 11... normally the assets are not really asset's, which is why they file.
This looks good to me.

This is not a Run of the Mill Chapter 11 !!

Many Many much worse off Companies have gone through Chapter 11 and came back
stronger then before.
Many have come out of Chapter 11 and failed later on...but that is getting way ahead of
the game.

For the person not faint at heart, ENE could be a very profitable stock.

This may or may not play in the whole thing but it is worth noting the close connection
ENE has to the Bush Administration. Like I said, it may or may not play a factor....but
it’s there.

As always..IMO

IN
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