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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Lucretius who wrote (136498)	11/30/2001 12:06:51 PM
From: yard_man	Read Replies (1) \| Respond to of 436258

don't laugh, but I think GTW will be a zero next year or the year after ...

To: Lucretius who wrote (136498)	11/30/2001 12:07:06 PM
From: Box-By-The-Riviera™	Read Replies (2) \| Respond to of 436258

ene stock overhang potential and credit facility questions (though these may be a faux issue).... could be a panic opp developming here... ene just defaulted on UK agreements... this thing is starting to spread like a bad headache... =DJ Williams Down -3: Analysts See Buying Opportunities >WMB 29 Nov 12:37 Williams' tardiness in getting the word out about its exposure to Enron might have made investors especially nervous, according to an analyst. Several energy trading companies issued guidance Wednesday as the fallout from Enron short-circuited stocks in the sector. In addition, Williams, of Tulsa, Okla., has, at less than $100 million, one of the biggest exposures to Enron. Most analysts estimate Williams exposure at $50 million to $100 million. Nevertheless, analyst Ronald Barone of UBS Warburg said the earnings impact on Williams would be relatively minimal. Williams after-tax loss could be about $65 million, which would translate into a one-time hit of 12 cents to 13 cents a share, according to Barone. The analyst, who has a buy rating on Williams, said the weakness "is a bit overdone." In fact, several other analysts are seeing buying opportunities among the fallen energy trading and marketing stocks. Analysts as well as other companies are reminding investors that Enron's problems stem from the company's financial maneuverings rather than its trading business. "We view the rest of the energy marketing and trading market very capable of overcoming the loss of its largest player," said Anatol Feygin of J.P Morgan in a research note. "We view El Paso as the most durable of franchises," the analyst continued, "one we also believe has the most visible earnings stream." El Paso put its Enron exposure at $50 million. El Paso stock is off 13 cents to $44.78 on volume of 3.4 million, after falling 7.4% Wednesday. El Paso said its earnings outlook remains strong and it doesn't see any adverse earnings impact from Enron's difficulties. Williams issued a similar bright outlook. Earlier Thursday, Williams said it expects to deliver recurring 2001 earnings of $2.40 a share and to achieve ongoing earnings growth of at least 15% a year. -By Christopher C. Williams, Dow Jones Newswires; 201-938-5219; christopher.williams@dowjones.com (END) DOW JONES NEWS 11-29-01 12:37 PM ------------------------------------------------------------------------ =DJ Williams Down -4: EOTT Still Assessing Enron Impact - 29 Nov 18:17 EOTT Energy Partners LP (EOT), whose shares were caught in the Enron downdraft Wednesday, said it's still assessing the effects of Enron's troubles on its business. "EOTT is continuing to conduct its business and is in active discussions with third parties in an attempt to mitigate any risks that may be imposed on EOTT by these developments," said EOTT spokeswoman Gina Taylor, reading from a prepared statement. Taylor said EOTT, of Houston, will issue a press release "in the near future." After falling 16% Wednesday, EOTT shares gained 56 cents, or 4%, on Thursday to close at $14.65 on volume of 853,400, compared with average daily volume of 76,000. -By Christopher C. Williams, Dow Jones Newswires; 201-938-5219; christopher.williams@dowjones.com (END) DOW JONES NEWS 11-29-01 06:17 PM Copyright 2001 Dow Jones & Company, Inc.