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

To: Softechie who wrote (661)	11/26/2001 1:18:22 PM
From: Larry S.	Read Replies (1) \| Respond to of 1433

Any competing bids would hampered by the assets that ENE has pledged for the present loans and cash infusions. I think its DYN or bust. still think too big to fail, but at lower price. Faber on CNBC talking that ENE is trying to re-negotiate a deal. stay tuned. Someone mentioned a price from 1988. don't think that has any relevance to anything. ENE is totally broken stock. question is can its be preserved to allow its inherent value (whatever that is) to be realized. just holding 100 shares here, watching it wilt. larry

To: Softechie who wrote (661)	11/26/2001 1:38:52 PM
From: Bob Rudd	Respond to of 1433

<<I think the deal will be revised because Dynegy has Enron by the balls.>>I'm not so sure DYN's nuts are really swinging free here. If the merger fails, other claims on the pipeline and difficulty avoiding the penalty indicate they could forfeit all are part of 1.8$B...it won't kill them, but it would be reason to look at replacing management. I would strongly agree that the negotiating leverage favors DYN, though...and as such an adjustment is likely. However, if they abuse that leverage, the deal may be turned down by ENE shareholders. I think DYN will be a bit more generous than they have to...say an adjustment to .2 from .2685...that's what I'm currently plugging in.