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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: All Mtn Ski who wrote (4959)10/24/2001 11:43:05 AM
From: John Pitera  Read Replies (1) | Respond to of 33421
 
Carol Coale of Prudential was just on cnbc with an interesting comment. She is the Natural Gas analyst with
Prudential in Houston and knows ENE fairly well. She pointed out that since ENE is the largest market maker
in electricity and natural gas, that if they have sustained problems and the other firms assume counterparty
risk with ENE it could impact other companies.

She did not spell out it out specifically, but it might reduce liquidity in those markets. If liquidity in those
markets is reduced we might see problems from that. The interview was very brief, and she did not have time
to elaborate on this.

John