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

To: AV8R who wrote (1060)	12/3/2001 6:21:17 PM
From: buffaloha	Read Replies (4) \| Respond to of 1433

Also, DYN sought unfair competitive advantage ...by pulling out of ENE deal, as it appears from the lawsuits. DYN thought it could steal the plum, bake the pie and eat it too. Sorry, you don't mess with ENE that way. DYN had all the info, but dragged its feet and caused the price to drop. DYN's own delay tactics cannot support it acquiring the pipeline ... a scenario where due to its failure to consummate the deal DYN's actions in pulling out would foreseeably result in the demise of ENE. That was the basis for the merger and DYN had the financial info. I doubt anything changed other than DYN's delay which caused the markets to get nervous, the stock to drop and DYN thinking it could capitalize on ENE's demise. Sorry, there is no catbird seat here. DYN bit off way more than it could chew. They evidently got sucked in watching the news they created, then got greedy thinking they could get the pipeline AND more market share by tanking ENE. Sorry, but in the legal world this is called unfair competition. DYN loses. Checkmate.