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Politics : The Left Wing Porch -- Ignore unavailable to you. Want to Upgrade?

To: hobo who wrote (2207)	12/29/2000 1:04:08 PM
From: hobo	Respond to of 6089

left is left and right is right on topic grub ! bid 2222 x ask 2222 1/16

To: hobo who wrote (2207)	12/31/2000 2:01:57 AM
From: hobo	Respond to of 6089

Re: Dynegy (DYN ~ NYSE) dailynews.yahoo.com <snip> It also increased its stock liquidity -- from 10 percent float to 60 percent -- when chairman and chief executive officer Chuck Watson persuaded two partners, Britain's BG Group (NYSE:BRG - news) (BG.L) and Canada-based Nova Chemicals (NYSE:NCX - news) (Toronto:NCX.TO - news), to sell their 51 percent stake in Dynegy. Of course, with its core businesses largely dependent on weather factors, a cool summer and warm winter could hurt Dynegy's stock price by driving electricity and gas demand lower. But Merrill Lynch & Co. analyst Donato Eassey said Dynegy has ``enough national footprints to handle shock waves.'' Than A Natural Gas Firm Dynegy made big strides in 2000 to broaden its portfolio outside of gas and power, following its big brother Enron into the broadband sector. The company dove into the broadband business with the acquisitions of two privately owned fiber-optic network operators, Aurora, Colo.-based Extant Inc. and London-based iaxis Ltd. Dynegy plans to invest a combined $560 million to strengthen those networks, which would give it a 28,000 miles of fiber optics in the U.S., France, Germany, Italy and Spain when completed in 2003. Like Enron, Dynegy believes that the risk-management and marketing skills it honed in the natural gas market will transfer well to broadband capacity trading, a nascent market created by Enron. ``The seeds that are planted today are for two or three years down the road. It doesn't help in the near-term valuation,'' Eassey said. ``The diversification that broadband brings will help.'' Tight natural gas supply predictions through 2001 should give Dynegy the time and money to build its broadband business. Dynegy projects earnings growth of 20-25 percent through 2003, including growth of 25-30 percent in 2001, and analysts have nodded their agreement by raising their earnings-per-share estimates for the next two years. Dynegy shares ended the year down 7/16 at $56-1/16 in Friday trading, below its 52-week high of $59-7/8 and well above its low of $11-1/4.