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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?


To: SliderOnTheBlack who wrote (4406)11/26/2001 12:13:32 PM
From: Douglas V. Fant  Read Replies (1) | Respond to of 36161
 
Slider, Friendly greetigns! Today almost all of the buying in ENE is institutional:

iw.thomsonfn.com

ENE right now is re- negotiating its debt structure, so they'll likely be around even if the DYN merger falls through IMO.

The ENE trading boards are essential to damping down volatility in energy commodity pricing and also forward planning on enrgy pricing. That won't be going away.

Now the question is: Will ENE go Chapter 11 and zap common stock equity? That's a possilibity- for sure no free lunch! But I'll take that calculated risk in order to make 50-100% on short order on my money....