SI
SI
discoversearch

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: James Calladine who wrote (1031)12/3/2001 2:06:57 AM
From: Raymond Duray  Respond to of 1433
 
Hi Jim,

Re: how much DYN stands to lose by virtue of being on the other side of transactions with

There's an interesting breakdown of ENE's obligations in this article. The balance between ENE and DYN trades is mentioned, but most likely is of such a low figure as to be immaterial, to read between the lines.....

chron.com

The big creditors are JPM, Chase and Citicorp. They're the guys who'll work this thing out, most likely, with a good deal of oversight from the FRB.

FWIW, here in the Pacific Northwest, the BPA announced last Friday that it would continue to trade with EnronOnline, but only in situations where BPA was the debtor and not the other way around.

-R.



To: James Calladine who wrote (1031)12/3/2001 12:05:30 PM
From: Smart_Money  Respond to of 1433
 
"Moody's lowered Northern Natural Gas' ratings to B3, from B2,and left them under review for further possible downgrade. Northern Natural was not included in the bankruptcy filing. Moody's will monitor the pipeline's ability to meet its debt service obligations as well as the potential for it to be included in Enron's reorganization."

I sure DYN is scrambling to find a way to payoff the pipeline debt. They better hurry or else they will lose their position.