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

To: Doughboy who wrote (1351)	1/30/2002 4:44:09 AM
From: Raymond Duray	Respond to of 1433

Doughboy, Thanks for the cogent and correct assessment of what the holders of ENE common should expect going forward. Aside from a lunatic fringe of speculators, and paralyzed LT holders, I can't imagine anyone being in the stock. I'm scratchin' my head trying to figure out what SargeK sees here. I see a financial black hole. <g> -R.

To: Doughboy who wrote (1351)	1/30/2002 7:26:59 AM
From: jjs_ynot	Respond to of 1433

Doughboy, Your assessment is correct. There are a wide range of additional liabilities from the off-balance sheet items (additional hidden liabilities) from the special purpose entities, which have still not been completely disclosed, and trading losses at their trading businesses. The most telling item is the treatment of the debt by the lenders. Many of the big smart lenders of unsecured and some specialty secured debt have written it off their books at a total loss. If there were any mony left, they would not think of taking the hit. With creditors accepting that they are likely to get nothing, what will the shareholders get? Regards, Dave

To: Doughboy who wrote (1351)	1/30/2002 12:26:04 PM
From: Safe Cents	Read Replies (1) \| Respond to of 1433

Maybe I'm missing something here, but why does Enron have to pay anything for the stock? To me it seems more like an asset. They look like they will continue to run the company and there are people willing to buy the stock. It's not like they are going out of business and everything will be sold off. The stock would be a source of VC for them when it moves up, right? Plus it would be the right thing to do for the shareholders.They don't have to pay anything to keep the stock active. I think the stock will continue to exist and the market will deceide what the company is worth.