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To: Kelvin Taylor who wrote (34487)11/9/2001 11:19:47 AM
From: Larry S.  Read Replies (3) | Respond to of 53068
 
Smart - but ene/dyn is shaping up as tremendous long op imo. Deal talk is .27 dyn for each ene or roughly 9.50. but you would be buying dyn thru ene at a very distressed price, brought down by all the concerns about ene. if dyn/ene can get fixed, this is still a very vibrant sector, and dyn has texaco/chevron as 27% holder. look at yahoo chart of dyn: quote.yahoo.com stock is down, but selling at pe of 18. is that a double bottom i see? think downside in ene at this point is very limited and upside is significant - albeit over weeks or months. don't forget we are going into the energy season, where these stocks ran crazy last year. shortages in california again? stay tuned.
dyn right now is 38.50, ene is 8.84. ene has already traded in range of 7.21 to 8.90 today, is at high of day right now. larry