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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Rex Martin who wrote (14799)	11/12/2002 3:21:58 PM
From: jim_p	Read Replies (1) of 206325

I don't think so. There is to much uncertainty with EP right now. In prior conference calls management stated several times that the dividend is safe. There was no mention of this in the last conference call. There is usually more bad news to follow when there is a lack of guidance. I do suspect there is a very good chance EP will settle with CA soon which may give the stock a boost. My big concern is the merchant energy portfolio. I know it contains a contract with CA which CA will not honor, but I don't know the dollar amount that EP booked and EP won't tell me how much it is. I plan to watch and see how low the market will take it. With no guidance, rating agencies down grades, the upcoming FERC meeting, the stock is not going to break out any time soon. Jim

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