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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (14897)	7/23/2002 2:29:59 PM
From: geoffrey Wren	Read Replies (2) of 78523

Anyone looking at EP still? Some discussion of it before when it was at 25 or so (after a big drop). Now it's at 10. But looking at WMB and DYN, you have to wonder if it too won't go to 2-3. I cannot believe that all these energy stocks will go like ENRON down the tube, but that seems to be the market perspective now. EP seems to have a better balance sheet than the others, but all are under a cloud due to California's lawsuits and all the round-trip swap trades that were done for deceptive reasons. S&P came out today with a justification for not downgrading EP debt rating. Anyone thinking of nibbling on these risky stocks?

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