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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: Clement who wrote (11112)	12/14/2001 4:38:40 PM
From: jim_p	Read Replies (3) \| Respond to of 23153

Clement, I don't think CPN is a CH-11 candidate. I do feel the stock will go lower, not based on valuation but based on the current investor fear of the sector, tax selling, the high leverage of CPN, the ENE fear factor, the uncertainty of the effects of the potential downgrades, the uncertainty of the further effects on others in the sector from the unwinding ENE's positions if any, the potential loss on the sale of the assets at a bad time under duress, and don't forget the locust. With the changes going on in the sector, this is not a time to be leveraged. Take a look at EPG vs. CPN and what EPG is doing to address the problem. The market has made it clear that leverage will not be tolerated on companies in this sector at this time. EPG was very wise to come out and address it head on. After ENE, many will sell first and ask questions later. Don't forget I'm bias since I'm short. Your first name wouldn't be Bill? JMHO,