Enron - Natural Gas Industry Message Board

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Gold/Mining/Energy : Enron - Natural Gas Industry

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To: SargeK who wrote (1320)	1/24/2002 6:55:12 PM
From: Douglas V. Fant	Read Replies (5) of 1433

SargeK, A friendly "howdy" and good analysis of ENRNQ. I would only disagree with calling Enron a "financial armageddon". Enron lost US $70b in equity. CSCO by comparison lost US $299b in equity over 2000-2001 decline. Strange CSCO lost almost four times the equity for its shareholders than Enron; yet noone yells to tar and feather the "incompetent executives" of CSCO...Hmmm- I wonder why the US Senate does not investigate those much worse bumbling Silicon Valley tech executives? Smell I hypocrisy? And my calculation of Enron's true debt is in the range of US $20b, less than its outstanding current assets. Left to itself Enron should recover into a decent going concern- Unless the demagogic politicians try to inhibit its return toward some semblance of normalcy for their own selfish concerns- Gaius and Getullius Gracchus indeed!. As you well know investing in natural resources/gold companies, the boom/bust cycle for these commodity-based companies is quite common. Enron just self induced the "bust" cycle here- My guess is that they'll self-induce the recovery/boom cycle too....

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