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.

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

To: ms.smartest.person who wrote (744)	11/28/2001 8:36:21 AM
From: James Calladine	Read Replies (2) \| Respond to of 1433

PERSONAL SPECULATION: In the various reports thus far, we hear these themes repetitively: -- DYN's major interest is the trading arm of ENE -- that business is being progressively "worked around" by others in the field for obvious reasons -- new money coming in to ENE is being secured by assets of one kind or another -- downgrading of ENE debt is deferred or postponed, but COULD happen. The rating agencies are "team players", I am sure, but at some point their reputation is at stake -- law suits on behalf of shareholders, employees, others proliferate My personal guess is that (in the trading field), ENE is not exactly universally loved, and that their competitors could indeed live in a world MINUS Enron. As more time goes on the competition is in a better and better position to unwind existing trades with ENE, thus diminishing the chief asset that DYN claims is the main attraction. More and more this looks to me like: -- the big financial institutions lining up enough "sucker money" to take themselves out as best as possible -- DYN remaking its deal again for assets only -- goodbye ENE ENE trading at $3.75 now suggests something a little less than total confidence in the overnight developments. Namaste! Jim