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Gold/Mining/Energy : Enron - Natural Gas Industry -- Ignore unavailable to you. Want to Upgrade?


To: quasi-geezer who wrote (279)10/25/2001 1:29:55 AM
From: rupers  Read Replies (1) | Respond to of 1433
 
Fallen_Cowboy

Please ensure you do your own DD, and don't solely rely on my actions.

I was willing to hold, until the Greenberg article and the Yahoo post. The drop in price today on DYN based on the bad credit rumor about ENE seems to confirm the Yahoo poster's warning.

Another "interesting" (i.e., cheesie) fact is that both MacMahon and Causey are ex-Arthur Anderson employees, and of course, you know that Arthur Anderson is ENE's external auditor (smells rotten, doesn't it?). And the pundits criticizing ENE haven't even discussed that yet.

Have to keep in mind that MacMahon (to his credit) purportedly opposed the controversial LJM2/Fastow arrangement due to concerns about the appearance of conflicts of interest by the CFO, despite the okay the external auditor gave.

I thought (way too optimistically) that all this could blow over relatively soon. I think I was wrong, especially given the bungling act by CEO Lay.

Sorry to abandon you on this one. Good luck in whatever you decide to do.



To: quasi-geezer who wrote (279)10/27/2001 7:33:47 PM
From: Raymond Duray  Respond to of 1433
 
fc,

Re: damn it, then I am bailing first thing in the morning
fark, I bought this dude at 30, now 50% haircut ...
Ouch, Ouch, Ouch


I don't know if you're still in this POS, but here's something on the hopeful side:

Message 16568175

While I'm indulging in my love fest with Enron, here's another nugget I heard yesterday. Enron has contributed about $1.8 million to politicians in the past year or so. The benefit they would reap from the Republican House sponsored bill to change the Alternative Minimum Tax rules would come to some $250 million. Not a bad investment, eh, if it came to pass ? Not only would the AMT change going forward, but apparently they'd go back retroactively and allow credits from prior years somehow. Best legislature money can buy (those Texas reactionaries, Armey and DeLay).

Hopefully the Senate doesn't rain on Lay's parade. Too bad about that Jeffords guy, eh? <w>

Good Luck, Ray



To: quasi-geezer who wrote (279)10/29/2001 10:53:30 PM
From: rupers  Read Replies (1) | Respond to of 1433
 
Fallen_Cowboy

I do believe we bailed at a propitious time, at least while we still had hair for a haircut.

Someday, I may relook ENE as a long, but not until the bilge pumps are working.