Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Z Best Place to Talk Stocks -- Ignore unavailable to you. Want to Upgrade?

To: BWAC who wrote (34328)	11/6/2001 1:01:05 PM
From: E.J. Neitz Jr	Read Replies (1) \| Respond to of 53068

The one I like is Apache. I like the management and remember the "market call for $8/barrel oil"--APA went to $18...but since that price point low they doubled reserves and think low point is $35 now on stock--but anyone's guess. So for me, fair value for me to buy an oil company like Apache is around $35. Also, was at conference a few years back and spoke briefly with M. Gabelli. Susan Byrne of Westwood Management(part of Gabelli) is based in Texas and has a good understanding of the business and that's her favorite back then and now. As a recovered options addict of the 1980's I stay away from options, naked and covered, so, must play other ways...but I prefer the underlying company that has the commodity.

To: BWAC who wrote (34328)	11/6/2001 1:01:21 PM
From: Kelvin Taylor	Read Replies (1) \| Respond to of 53068

Enron Shares Fall on Credit-Rating, Private-Financing Concerns By Mark Johnson Houston, Nov. 6 (Bloomberg) -- Enron Corp. shares fell as much as 15 percent after bond-rating agency Fitch Inc. said it may cut the company's credit rating to junk status and the Wall Street Journal reported the No. 1 energy trader is seeking cash from private investors. Enron shares fell $1.30 to $9.87 in midday trading. They earlier touched $9.55, their lowest price since May 1992. ``There's concern that the company is getting desperate,'' said Zach Wagner, an energy analyst at Edward Jones. ``They're really in desperate need of cash and investors don't like to see that.'' Wagner rates Enron ``reduce'' and doesn't own shares. The company, whose shares have fallen 88 percent this year, held preliminary talks with Blackstone Group LP and Clayton, Dubilier & Rice Inc. to discuss a cash investment, and a number of unidentified power-trading companies have expressed an interest in investing in Enron, the Wall Street Journal said. Fitch said it may cut Houston-based Enron's credit rating to below investment grade if it fails to cut debt or if its business slows further. Yesterday it cut Enron's long-term credit rating two notches to the lowest investment grade. The U.S. Securities and Exchange Commission is investigating Enron partnerships run by its former chief financial officer. The partnerships bought and sold Enron shares and assets, with the trades costing Enron $35 million and $1.2 billion in lost shareholder equity.