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

To: Softechie who wrote (842)	11/28/2001 2:50:00 PM
From: James Calladine	Respond to of 1433

WHAT ARE THOSE BIG BIRDS CIRCLING AROUND IN THE SKY? Sempra Energy Says It's Interested in Buying Some Enron Assets By Daniel Taub San Diego, Nov. 28 (Bloomberg) -- Sempra Energy, an owner of electric and natural-gas utilities, is interested in buying some of Enron Corp.'s assets now that Enron's planned merger with Dynegy Inc. has fallen through, a Sempra spokesman said. ``We are interested in some of Enron's hard assets and our interest would lie in those assets that would have synergies with our own operations,'' Sempra spokesman Doug Kline said. ``Beyond that I couldn't give you more specifics.'' Dynegy today called off its purchase of Enron, saying the energy trader breached covenants in the merger agreement. Dynegy had agreed to buy Enron for at least $23 billion in stock and assumed debt this month. A federal investigation of accounting irregularities at Enron had limited its ability to finance operations and sent its shares plunging. Houston-based Enron has an ownership interest in Argentina's 4,104-mile natural-gas pipeline system, the largest pipeline system in South America. In Argentina, Sempra Energy International owns a 43 percent interest in two natural-gas utility holding companies. Sempra also is the owner of the San Diego Gas & Electric and Southern California Gas Co. utilities. An Enron spokeswoman didn't return calls for comment. Sempra shares fell 38 cents to $22.67 in midafternoon trading. Enron shares fell $2.91 to $1.20 before trading was halted for Dynegy's announcement. Enron shares have dropped 99 percent since the first of the year.

To: Softechie who wrote (842)	11/28/2001 3:02:24 PM
From: CoffeePot	Respond to of 1433

A lot of day traders got burned on this one......yea I'm one of them, bought in yesterday at the close, TA don't mean crap when the bottom drops out fundamentally, just dont bet more than you can afford to lose. So much for all the "informed" rumors.....what a bunch of b.s.