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

To: Safe Cents who wrote (1199)	12/14/2001 11:55:23 AM
From: ms.smartest.person	Respond to of 1433

Safe Cents, I am just your average shareholder who reads a lot of financial news and posts relevant articles on the stocks in my portfolio. Based on what I have read, the chance that ENE will have any shareholder value is slim to none. Sorry to sound so pessimistic. Enron aside, I wish you Happy Holidays and the best of Health, Wealth and Happiness in 2002. Merry

To: Safe Cents who wrote (1199)	12/15/2001 9:28:40 AM
From: jjs_ynot	Respond to of 1433

SC, Given that companies and local governments are writing off the obligations they are owed by Enron, for example: dailynews.yahoo.com the odds are very long that the stockholders will get anything. These orgainzations are higher on the Bankruptcy food chain than stockholders and have more access to research and analysis than the average investor. The debt was trading at $.20 on the dollar, implying a 20% chance that the debtholders will get their money. Stockholders usually have between 1% and 10% chance of being made whole in comparison to the bondholders. Thus, there is between a 0.2% and 2% chance that the stockholders will get anything out of the reorganization. All of this is very crude, so take it with a big grain of salt. Regards, Dave