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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Telemarker who wrote (94793)	3/3/2002 11:18:45 AM
From: Joan Osland Graffius	Respond to of 132070

Telemarker, >>Problem at EOT has also hit other gatherer/marketers, in that this activity requires lots of capital or credit. As capital markets become less accessible, these operations contract. This certainly is the case. Some of these companies have assets that are critical to supply of oil and gas to areas of this country and IMO should be attractive to companies in the business with access to cheaper credit. Expect to see some consolidation with these gatherer/marketers especially those that own critical local assets. Did not get on the PVR bandwagon - this should be a good capital gain play for you folks that did. Am not sure we know exactly what the price of some of these commodities should be. It looks to me like there are a fair amount of Enron commodity contracts that have not yet been worked through the system. Sounds like you had an interesting trip. Joan