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5,423 | re : bryan seyfried visiting houston i have scheduled the meeting for friday , february 11 at 9 : 00 am .
have a great day !
shirley
vince j kaminski
01 / 31 / 2000 08 : 52 am
to : shirley crenshaw / hou / ect @ ect , vince j kaminski / hou / ect @ ect , danya
moody / lon / ect @ ect
cc :
subject : bryan seyfried visiting houston
shirley ,
can you please set up the meeting .
vince
- - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 01 / 31 / 2000
08 : 51 am - - - - - - - - - - - - - - - - - - - - - - - - - - -
danya moody
01 / 31 / 2000 08 : 32 am
to : vince j kaminski / hou / ect @ ect
cc :
subject : bryan seyfried visiting houston
hi vince
bryan seyfried will be in houston on the 9 , 10 & 11 th february and was hoping
to arrange an hour with you on one of these days . he is available any time
except the morning of 10 th february .
could you please let me know if this is possible and if so what time suits
you .
thanks
danya | 0 | ham | re : bryan seyfried visiting houston | i have scheduled the meeting for friday , february 11 at 9 : 00 am .
have a great day !
shirley
vince j kaminski
01 / 31 / 2000 08 : 52 am
to : shirley crenshaw / hou / ect @ ect , vince j kaminski / hou / ect @ ect , danya
moody / lon / ect @ ect
cc :
subject : bryan seyfried visiting houston
shirley ,
can you please set up the meeting .
vince
- - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 01 / 31 / 2000
08 : 51 am - - - - - - - - - - - - - - - - - - - - - - - - - - -
danya moody
01 / 31 / 2000 08 : 32 am
to : vince j kaminski / hou / ect @ ect
cc :
subject : bryan seyfried visiting houston
hi vince
bryan seyfried will be in houston on the 9 , 10 & 11 th february and was hoping
to arrange an hour with you on one of these days . he is available any time
except the morning of 10 th february .
could you please let me know if this is possible and if so what time suits
you .
thanks
danya | 2000-01-31T00:00:00 |
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the middle of the night .
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12,184 | bod agenda deadlines - fyi the next bod and committee meetings will be held on august 13 - 14 .
rebecca carter has set the deadline for commercial groups to submit agenda items to her office and rick buy on or before wednesday , august 1 , 2001 .
please contact me as soon as possible if you know of anything that has the possibility of being added to the finance committee agenda . also , please include the presenter ' s name and the contact responsible for the presentation . all presentations , approved by rebecca carter , with presenter ' s name , fully executed dashs and legal resolutions should be turned into rac by friday , august 3 , 2001 . | 0 | ham | bod agenda deadlines - fyi | the next bod and committee meetings will be held on august 13 - 14 .
rebecca carter has set the deadline for commercial groups to submit agenda items to her office and rick buy on or before wednesday , august 1 , 2001 .
please contact me as soon as possible if you know of anything that has the possibility of being added to the finance committee agenda . also , please include the presenter ' s name and the contact responsible for the presentation . all presentations , approved by rebecca carter , with presenter ' s name , fully executed dashs and legal resolutions should be turned into rac by friday , august 3 , 2001 . | 2001-07-16T00:00:00 |
2,700 | registration welcome email thank you for registering at citibank account online . you now have
free access , 24 hours a day , to your citibank account information .
sign - on at https : / / www . accountonline . com / cb / login . dcl to view your
statements , monitor your unbilled activity and enroll in one of our
electronic payment options . while you ' re there , check out these
great features :
all - electronic - enroll today and make your paper statement a
thing of the past . view it online instead . then , pay your bill
online with click - to - pay or autopay .
express request - manage your citibank account information from
your computer . change your address , request a credit line
increase , order a replacement card and more .
citibank bill manager - receive and pay all of your bills online .
secure messaging - have a question ? use our secure message pad to
correspond safely with our customer care center .
the citibank toolbar - download this free software * and enjoy one
click access to account online and other password protected
websites . plus , the citibank toolbar will fill online shopping
forms with just one click !
once again , thanks for registering . we hope you visit account online
at https : / / www . accountonline . com / cb / login . dcl again soon .
* at point of download see terms and conditions governing use
of software .
for your records , we have listed your user id and email address
below .
user id : colioquake
email address : dfarmer @ enron . com
to learn about citibank privacy , read our privacy promise at
this message is for information purposes only . please do not reply to
us at this email address - - it is unattended , and we will not respond .
use the secure message center in help / contact us at account online . | 0 | ham | registration welcome email | thank you for registering at citibank account online . you now have
free access , 24 hours a day , to your citibank account information .
sign - on at https : / / www . accountonline . com / cb / login . dcl to view your
statements , monitor your unbilled activity and enroll in one of our
electronic payment options . while you ' re there , check out these
great features :
all - electronic - enroll today and make your paper statement a
thing of the past . view it online instead . then , pay your bill
online with click - to - pay or autopay .
express request - manage your citibank account information from
your computer . change your address , request a credit line
increase , order a replacement card and more .
citibank bill manager - receive and pay all of your bills online .
secure messaging - have a question ? use our secure message pad to
correspond safely with our customer care center .
the citibank toolbar - download this free software * and enjoy one
click access to account online and other password protected
websites . plus , the citibank toolbar will fill online shopping
forms with just one click !
once again , thanks for registering . we hope you visit account online
at https : / / www . accountonline . com / cb / login . dcl again soon .
* at point of download see terms and conditions governing use
of software .
for your records , we have listed your user id and email address
below .
user id : colioquake
email address : dfarmer @ enron . com
to learn about citibank privacy , read our privacy promise at
this message is for information purposes only . please do not reply to
us at this email address - - it is unattended , and we will not respond .
use the secure message center in help / contact us at account online . | 2001-03-12T00:00:00 |
8,204 | first derivatives class bob ,
i have asked martin , zimin , and paulo to prepare short presentations on the
power , gas , and crude markets , respectively . this will take probably 45
minutes of class time . in addition i will prepare some lecture
material . if we don ' t have enough class time to cover all assigned
problems , we can just roll them to the next class .
thanks ,
stinson | 0 | ham | first derivatives class | bob ,
i have asked martin , zimin , and paulo to prepare short presentations on the
power , gas , and crude markets , respectively . this will take probably 45
minutes of class time . in addition i will prepare some lecture
material . if we don ' t have enough class time to cover all assigned
problems , we can just roll them to the next class .
thanks ,
stinson | 2001-01-12T00:00:00 |
11,810 | weekly deal report the following is the weekly deal report covering 5 / 17 - 5 / 23 . | 0 | ham | weekly deal report | the following is the weekly deal report covering 5 / 17 - 5 / 23 . | 2001-05-24T00:00:00 |
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3,058 | southern union - 03 / 01 prod - austin spot deal # 690249 ( sale ) elizabeth -
deal # 690249 - sale
could you pls the pricing on this deal for march 2001 production for days 25 & 26 to $ 5 . 285 ?
i think daren is out for the remainder of the day and i need to send out my invoice this afternoon .
thanks - katherine
5 - 8643
- - - - - - - - - - - - - - - - - - - - - - forwarded by katherine herrera / corp / enron on 04 / 16 / 2001 03 : 31 pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
katherine herrera
04 / 16 / 2001 03 : 24 pm
to : daren j farmer / hou / ect
cc : janet h wallis / hou / ect
subject : southern union - 03 / 01 prod - austin spot deal # 690249 ( sale )
daren -
per janet , the price of $ 5 . 235 + . 05 for deal # 690249 is correct .
could you pls change the price in the system to $ 5 . 285 for days 25 & 26 ?
thanks - katherine
5 - 8643
- - - - - - - - - - - - - - - - - - - - - - forwarded by katherine herrera / corp / enron on 04 / 16 / 2001 03 : 06 pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
katherine herrera
04 / 16 / 2001 12 : 43 pm
to : janet h wallis / hou / ect
cc : daren j farmer / hou / ect
subject : southern union - 03 / 01 prod - austin spot deal # 690249 ( sale )
janet -
per southern union ' s confirmation sheet , the 15 , 000 mmbtus spot deal on days 03 / 25 & 3 / 26 should be priced at hsc gdp da + . 05 ( at tuesday , 3 / 27 / 01 pricing - which was $ 5 . 235 ) . currently , sitara is showing a price of hsc gdp + . 05 .
is this tuesday pricing correct ? if so , pls forward this to daren so that he can change the price in sitara to $ 5 . 235 + . 05 ( totaling $ 5 . 285 ) .
thanks - katherine
5 - 8643 | 0 | ham | southern union - 03 / 01 prod - austin spot deal # 690249 ( sale ) | elizabeth -
deal # 690249 - sale
could you pls the pricing on this deal for march 2001 production for days 25 & 26 to $ 5 . 285 ?
i think daren is out for the remainder of the day and i need to send out my invoice this afternoon .
thanks - katherine
5 - 8643
- - - - - - - - - - - - - - - - - - - - - - forwarded by katherine herrera / corp / enron on 04 / 16 / 2001 03 : 31 pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
katherine herrera
04 / 16 / 2001 03 : 24 pm
to : daren j farmer / hou / ect
cc : janet h wallis / hou / ect
subject : southern union - 03 / 01 prod - austin spot deal # 690249 ( sale )
daren -
per janet , the price of $ 5 . 235 + . 05 for deal # 690249 is correct .
could you pls change the price in the system to $ 5 . 285 for days 25 & 26 ?
thanks - katherine
5 - 8643
- - - - - - - - - - - - - - - - - - - - - - forwarded by katherine herrera / corp / enron on 04 / 16 / 2001 03 : 06 pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
katherine herrera
04 / 16 / 2001 12 : 43 pm
to : janet h wallis / hou / ect
cc : daren j farmer / hou / ect
subject : southern union - 03 / 01 prod - austin spot deal # 690249 ( sale )
janet -
per southern union ' s confirmation sheet , the 15 , 000 mmbtus spot deal on days 03 / 25 & 3 / 26 should be priced at hsc gdp da + . 05 ( at tuesday , 3 / 27 / 01 pricing - which was $ 5 . 235 ) . currently , sitara is showing a price of hsc gdp + . 05 .
is this tuesday pricing correct ? if so , pls forward this to daren so that he can change the price in sitara to $ 5 . 235 + . 05 ( totaling $ 5 . 285 ) .
thanks - katherine
5 - 8643 | 2001-04-16T00:00:00 |
8,979 | sevil yaman hi norma ,
sevil ' s primary project has been the generation bidding analysis for the
east power desk . she worked closely with the power fundamentals group and
the it group in collecting and organizing the data , and then developing the
analysis . sha has focused on the pjm area and plans to expand the analysis
to other regions in the east .
sevil has also investigated the issue of risk premia in power prices
compared to marginal cost .
vasant | 0 | ham | sevil yaman | hi norma ,
sevil ' s primary project has been the generation bidding analysis for the
east power desk . she worked closely with the power fundamentals group and
the it group in collecting and organizing the data , and then developing the
analysis . sha has focused on the pjm area and plans to expand the analysis
to other regions in the east .
sevil has also investigated the issue of risk premia in power prices
compared to marginal cost .
vasant | 2001-04-10T00:00:00 |
28,724 | omaha - certificate status report attached is the certificate status report ( omaha ) for august 2001 .
if you would like your name removed from the distribution list of this report , please let me know . thanks mw | 0 | ham | omaha - certificate status report | attached is the certificate status report ( omaha ) for august 2001 .
if you would like your name removed from the distribution list of this report , please let me know . thanks mw | 2001-08-01T00:00:00 |
28,653 | fw : pigging from p - 2 to p - 3 morgan ,
since eric has already booked eb 4180 , should we just plan on meeting there at 8 : 30 since the meeting may already be in progress .
thanks , kim .
- - - - - original message - - - - -
from : faucheaux , eric
sent : monday , june 18 , 2001 3 : 27 pm
to : watson , kimberly ; burleson , bob ; lokay , michelle ; schoolcraft , darrell ; spraggins , gary ; gottsponer , morgan ; rice , randy
subject : fw : pigging from p - 2 to p - 3
importance : high
houston participants interested in attending the conference call regarding the following subject can attend at conference room eb 4180 . the call will begin at 8 : 00 am and has been extended 1 / 2 hr to 10 : 00 am to account for those arriving late from morning market services meeting same date . again the bridge number is 877 / 795 - 3687 , cc # 992301 .
eric faucheaux 06 / 14 / 2001 07 : 02 pm
to : rich jolly / et & s / enron @ enron , randy lebeau / et & s / enron @ enron , walt williams / et & s / enron @ enron , arnie bailey / et & s / enron @ enron
cc : randy rice / ots / enron , morgan gottsponer / et & s / enron , darrell schoolcraft / et & s / enron , gary spraggins / et in this case , i used a 50 / 20 / 30 % split of hexane plus . using this split of c 6 + in a process model allows a closer approximation of how the gas characteristics will behave at various conditions . for the purpose of this analysis , the following is considered 1 ) agave red bluff on - line gc data is used as pipeline quality of gas in panhandle lateral because gs report from owens corning delivery point is quite similar to agave gc , 2 ) gas temperatures will become nearly the same as ground temperatures which is provided on scada at p - 1 and p 2 3 ) pressure and temperature profiles on the panhandle lateral at 6 / 14 , 9 : 00 am flowing conditions are listed below
the following graph ( attached in ms word ) is a phase envelope using the agave red bluff gas analysis . by mapping the above relative pressure / temperature points it is clearly observed that pipeline pressure and temperature conditions approach and cross the hydrocarbon dewpoint line indicating that liquids would exist .
the graph clearly shows that as the pressure and temperatures move further into the envelope the more liquids will be produced . that explains why more liquids are produced by pigging sections between cs p - 2 and cs p - 3 . furthermore , using the process model used to generate the phase envelope , the model indicates that gas at 800 psig and 65 degf would exist in both vapor and liquid phases . using a flow rate of 100 mmcfd the liquid phase fraction would be approximately 80 bbls . per day that could amount to approximately 2400 bbls . per month . this liquid volume compares closely to some of the recovery volumes reported by randy and walt below .
lets get together on a conference call to further discuss findings and possible solutions . for a first stab , how about tuesday , 6 / 19 , at 8 : 00 am ( cst ) ? reply with availability and number of ports required . ef 713 / 853 - 3395
- - - - - - - - - - - - - - - - - - - - - - forwarded by eric faucheaux / et & s / enron on 06 / 14 / 2001 05 : 23 pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
rich jolly
06 / 13 / 2001 11 : 11 pm
to : randy lebeau / et & s / enron @ enron , darrell schoolcraft / et & s / enron @ enron , arnie bailey / et & s / enron @ enron
cc : gary spraggins / et & s / enron @ enron , eric faucheaux / et & s / enron @ enron
subject : re : pigging from p - 2 to p - 3
thanks randy . along with the things you have stated we have a delivery point to gas company of new mexico near portales , nm . we do have a small scrubber there that we usually have to have hauled once a week and sometimes a couple of times . the ( owens - corning ) delivery can and will get us in trouble sooner or later if we don ' t get a handle on liquids . i have ask eric faucheaux to take a look at the system and give us some ideas on where most of the liquid is falling out .
i have talked with ( agave ) the producer about this and we ' re working together to try and figure out what ' s going on . we can pick up water on our instruments but there ' s not anything that we know of that will show condensate . this has to be carrying through in the gas because there ' s not a large amount of liquids at the delivery point . the best solution at this time is to get enough gas to pig the line more often . after getting the liquid in at p - 3 we ran a pig from roswell to p - 1 and it came in dry . as soon as the volumes come up we ' ll run from p - 1 to p - 2 then into p - 3 . thanks for everyone ' s help in this . if we need a conference call to discuss let me know .
it had been about six weeks between pig runs this time . total received on the system was about three thousand barrels this time . the time before this run we received about six thousand barrels .
thanks
rj
randy lebeau
06 / 12 / 2001 04 : 46 pm
to : gary spraggins / et & s / enron @ enron
cc : rich jolly / et & s / enron @ enron
subject : pigging from p - 2 to p - 3
gary , we recently had to run a pig from p - 2 to p - 3 in order to push about 2200 barrels of condensate out of the line . we had started developing problems with some deliveries off that line . apparently , in order to run a pig , some volume has to be routed to that line . i understand that there are some marketing and gas control issues when we do this , but here are some operational concerns when we have to put this off or postpone it :
the condensate and fluids tend to build up to the point that they carry over to a delivery point with energas . this point feeds some domestic customers . we don ' t want condensate getting into this point .
there is a customer on this line ( owens - corning ) who gets fuel from us . their process is very sensitive to pressure and volume changes . at any given time , i am told that they have about a million dollars worth of material in production . if they lose fuel , the product is lost and we could be liable . i am also told that once the plant goes down , it could take a long time ( even weeks ) to get it back up .
the owens - corning plant does not have an agreement with anyone for alternate fuel . when the line has large amounts of condensate , we have been asking energas to supply the plant until the pig passes the point . this is in order to prevent a slug of liquid from affecting the fuel pressure . the gas from energas is not measured . they used to have the contract , but when we got it , they removed their meter setting . apparently they agreed ( verbally ) to supply gas to the plant in march , for a few hours , when a pig was run . the plant uses about 3 mmcf / d and energas was on for about 3 hours . i was notified today that energas sent us a bill for the march pig run when we used their gas for fuel . . . . . $ 21 , 000 ! obviously we will negotiate that amount , but they have us at a disadvantage . i can only assume that we will receive a similar bill for using them last weekend for about 3 hours .
everyone feels that if we run a pig on a regular schedule , we would not get large condensate amounts into p - 3 ( which shuts us down , by the way ) , we would not have to use energas , we would not risk pushing condensate into a delivery point , and we would not incur the overtime when this happens .
i ' m sure rich has some concerns also for the portion of the line in his region .
we would like to run another pig as soon as possible to see what is left in the line and then ( depending on what we push into p - 3 ) get on a regular schedule . . . possibly once a month .
what do you think we can do to work something out ?
thanks for any help you can give us .
- - - - - - - - - - - - - - - - - - - - - - forwarded by eric faucheaux / et & s / enron on 06 / 14 / 2001 05 : 23 pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
walt williams
06 / 14 / 2001 09 : 56 am
to : randy lebeau / et & s / enron @ enron , rich jolly / et & s / enron @ enron , darrell schoolcraft / et & s / enron @ enron , gary spraggins / et & s / enron @ enron , eric faucheaux / et & s / enron @ enron , arnie bailey / et & s / enron @ enron
cc : pampa pipeline team / et & s / enron @ enron , team pampa / et & s / enron @ enron
subject : re : pigging from p - 2 to p - 3
just for your information the liquids that we received at p 3 is was very hot and high in btu . clear and evaporated quickly .
we would like to run a pig once a week until we clear all the liquids in this line , then back off as liquids decrease .
your help in this matter will solve many customer issues and concerns and our pipeline efficiency . we had a 180 pound spread in pressure last week due to about 2180 bbls of liquid in this line . we received about 1650 bbls on the run before .
thanks and know you are appreciated !
ww
- - - - - - - - - - - - - - - - - - - - - - forwarded by walt williams / et & s / enron on 06 / 14 / 2001 09 : 40 am - - - - - - - - - - - - - - - - - - - - - - - - - - -
randy lebeau
06 / 14 / 2001 09 : 25 am
to : team pampa / et & s / enron @ enron , team pampa pipeline / et & s / enron @ enron
cc : walt williams / et & s / enron @ enron
subject : re : pigging from p - 2 to p - 3
fyi rich added more thoughts .
- - - - - - - - - - - - - - - - - - - - - - forwarded by randy lebeau / et & s / enron on 06 / 14 / 2001 09 : 23 am - - - - - - - - - - - - - - - - - - - - - - - - - - -
rich jolly
06 / 13 / 2001 11 : 11 pm
to : randy lebeau / et & s / enron @ enron , darrell schoolcraft / et & s / enron @ enron , arnie bailey / et & s / enron @ enron
cc : gary spraggins / et & s / enron @ enron , eric faucheaux / et & s / enron @ enron
subject : re : pigging from p - 2 to p - 3
thanks randy . along with the things you have stated we have a delivery point to gas company of new mexico near portales , nm . we do have a small scrubber there that we usually have to have hauled once a week and sometimes a couple of times . the ( owens - corning ) delivery can and will get us in trouble sooner or later if we don ' t get a handle on liquids . i have ask eric faucheaux to take a look at the system and give us some ideas on where most of the liquid is falling out .
i have talked with ( agave ) the producer about this and we ' re working together to try and figure out what ' s going on . we can pick up water on our instruments but there ' s not anything that we know of that will show condensate . this has to be carrying through in the gas because there ' s not a large amount of liquids at the delivery point . the best solution at this time is to get enough gas to pig the line more often . after getting the liquid in at p - 3 we ran a pig from roswell to p - 1 and it came in dry . as soon as the volumes come up we ' ll run from p - 1 to p - 2 then into p - 3 . thanks for everyone ' s help in this . if we need a conference call to discuss let me know .
it had been about six weeks between pig runs this time . total received on the system was about three thousand barrels this time . the time before this run we received about six thousand barrels .
thanks
rj
randy lebeau
06 / 12 / 2001 04 : 46 pm
to : gary spraggins / et & s / enron @ enron
cc : rich jolly / et & s / enron @ enron
subject : pigging from p - 2 to p - 3
gary , we recently had to run a pig from p - 2 to p - 3 in order to push about 2200 barrels of condensate out of the line . we had started developing problems with some deliveries off that line . apparently , in order to run a pig , some volume has to be routed to that line . i understand that there are some marketing and gas control issues when we do this , but here are some operational concerns when we have to put this off or postpone it :
the condensate and fluids tend to build up to the point that they carry over to a delivery point with energas . this point feeds some domestic customers . we don ' t want condensate getting into this point .
there is a customer on this line ( owens - corning ) who gets fuel from us . their process is very sensitive to pressure and volume changes . at any given time , i am told that they have about a million dollars worth of material in production . if they lose fuel , the product is lost and we could be liable . i am also told that once the plant goes down , it could take a long time ( even weeks ) to get it back up .
the owens - corning plant does not have an agreement with anyone for alternate fuel . when the line has large amounts of condensate , we have been asking energas to supply the plant until the pig passes the point . this is in order to prevent a slug of liquid from affecting the fuel pressure . the gas from energas is not measured . they used to have the contract , but when we got it , they removed their meter setting . apparently they agreed ( verbally ) to supply gas to the plant in march , for a few hours , when a pig was run . the plant uses about 3 mmcf / d and energas was on for about 3 hours . i was notified today that energas sent us a bill for the march pig run when we used their gas for fuel . . . . . $ 21 , 000 ! obviously we will negotiate that amount , but they have us at a disadvantage . i can only assume that we will receive a similar bill for using them last weekend for about 3 hours .
everyone feels that if we run a pig on a regular schedule , we would not get large condensate amounts into p - 3 ( which shuts us down , by the way ) , we would not have to use energas , we would not risk pushing condensate into a delivery point , and we would not incur the overtime when this happens .
i ' m sure rich has some concerns also for the portion of the line in his region .
we would like to run another pig as soon as possible to see what is left in the line and then ( depending on what we push into p - 3 ) get on a regular schedule . . . possibly once a month .
what do you think we can do to work something out ?
thanks for any help you can give us . | 0 | ham | fw : pigging from p - 2 to p - 3 | morgan ,
since eric has already booked eb 4180 , should we just plan on meeting there at 8 : 30 since the meeting may already be in progress .
thanks , kim .
- - - - - original message - - - - -
from : faucheaux , eric
sent : monday , june 18 , 2001 3 : 27 pm
to : watson , kimberly ; burleson , bob ; lokay , michelle ; schoolcraft , darrell ; spraggins , gary ; gottsponer , morgan ; rice , randy
subject : fw : pigging from p - 2 to p - 3
importance : high
houston participants interested in attending the conference call regarding the following subject can attend at conference room eb 4180 . the call will begin at 8 : 00 am and has been extended 1 / 2 hr to 10 : 00 am to account for those arriving late from morning market services meeting same date . again the bridge number is 877 / 795 - 3687 , cc # 992301 .
eric faucheaux 06 / 14 / 2001 07 : 02 pm
to : rich jolly / et & s / enron @ enron , randy lebeau / et & s / enron @ enron , walt williams / et & s / enron @ enron , arnie bailey / et & s / enron @ enron
cc : randy rice / ots / enron , morgan gottsponer / et & s / enron , darrell schoolcraft / et & s / enron , gary spraggins / et in this case , i used a 50 / 20 / 30 % split of hexane plus . using this split of c 6 + in a process model allows a closer approximation of how the gas characteristics will behave at various conditions . for the purpose of this analysis , the following is considered 1 ) agave red bluff on - line gc data is used as pipeline quality of gas in panhandle lateral because gs report from owens corning delivery point is quite similar to agave gc , 2 ) gas temperatures will become nearly the same as ground temperatures which is provided on scada at p - 1 and p 2 3 ) pressure and temperature profiles on the panhandle lateral at 6 / 14 , 9 : 00 am flowing conditions are listed below
the following graph ( attached in ms word ) is a phase envelope using the agave red bluff gas analysis . by mapping the above relative pressure / temperature points it is clearly observed that pipeline pressure and temperature conditions approach and cross the hydrocarbon dewpoint line indicating that liquids would exist .
the graph clearly shows that as the pressure and temperatures move further into the envelope the more liquids will be produced . that explains why more liquids are produced by pigging sections between cs p - 2 and cs p - 3 . furthermore , using the process model used to generate the phase envelope , the model indicates that gas at 800 psig and 65 degf would exist in both vapor and liquid phases . using a flow rate of 100 mmcfd the liquid phase fraction would be approximately 80 bbls . per day that could amount to approximately 2400 bbls . per month . this liquid volume compares closely to some of the recovery volumes reported by randy and walt below .
lets get together on a conference call to further discuss findings and possible solutions . for a first stab , how about tuesday , 6 / 19 , at 8 : 00 am ( cst ) ? reply with availability and number of ports required . ef 713 / 853 - 3395
- - - - - - - - - - - - - - - - - - - - - - forwarded by eric faucheaux / et & s / enron on 06 / 14 / 2001 05 : 23 pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
rich jolly
06 / 13 / 2001 11 : 11 pm
to : randy lebeau / et & s / enron @ enron , darrell schoolcraft / et & s / enron @ enron , arnie bailey / et & s / enron @ enron
cc : gary spraggins / et & s / enron @ enron , eric faucheaux / et & s / enron @ enron
subject : re : pigging from p - 2 to p - 3
thanks randy . along with the things you have stated we have a delivery point to gas company of new mexico near portales , nm . we do have a small scrubber there that we usually have to have hauled once a week and sometimes a couple of times . the ( owens - corning ) delivery can and will get us in trouble sooner or later if we don ' t get a handle on liquids . i have ask eric faucheaux to take a look at the system and give us some ideas on where most of the liquid is falling out .
i have talked with ( agave ) the producer about this and we ' re working together to try and figure out what ' s going on . we can pick up water on our instruments but there ' s not anything that we know of that will show condensate . this has to be carrying through in the gas because there ' s not a large amount of liquids at the delivery point . the best solution at this time is to get enough gas to pig the line more often . after getting the liquid in at p - 3 we ran a pig from roswell to p - 1 and it came in dry . as soon as the volumes come up we ' ll run from p - 1 to p - 2 then into p - 3 . thanks for everyone ' s help in this . if we need a conference call to discuss let me know .
it had been about six weeks between pig runs this time . total received on the system was about three thousand barrels this time . the time before this run we received about six thousand barrels .
thanks
rj
randy lebeau
06 / 12 / 2001 04 : 46 pm
to : gary spraggins / et & s / enron @ enron
cc : rich jolly / et & s / enron @ enron
subject : pigging from p - 2 to p - 3
gary , we recently had to run a pig from p - 2 to p - 3 in order to push about 2200 barrels of condensate out of the line . we had started developing problems with some deliveries off that line . apparently , in order to run a pig , some volume has to be routed to that line . i understand that there are some marketing and gas control issues when we do this , but here are some operational concerns when we have to put this off or postpone it :
the condensate and fluids tend to build up to the point that they carry over to a delivery point with energas . this point feeds some domestic customers . we don ' t want condensate getting into this point .
there is a customer on this line ( owens - corning ) who gets fuel from us . their process is very sensitive to pressure and volume changes . at any given time , i am told that they have about a million dollars worth of material in production . if they lose fuel , the product is lost and we could be liable . i am also told that once the plant goes down , it could take a long time ( even weeks ) to get it back up .
the owens - corning plant does not have an agreement with anyone for alternate fuel . when the line has large amounts of condensate , we have been asking energas to supply the plant until the pig passes the point . this is in order to prevent a slug of liquid from affecting the fuel pressure . the gas from energas is not measured . they used to have the contract , but when we got it , they removed their meter setting . apparently they agreed ( verbally ) to supply gas to the plant in march , for a few hours , when a pig was run . the plant uses about 3 mmcf / d and energas was on for about 3 hours . i was notified today that energas sent us a bill for the march pig run when we used their gas for fuel . . . . . $ 21 , 000 ! obviously we will negotiate that amount , but they have us at a disadvantage . i can only assume that we will receive a similar bill for using them last weekend for about 3 hours .
everyone feels that if we run a pig on a regular schedule , we would not get large condensate amounts into p - 3 ( which shuts us down , by the way ) , we would not have to use energas , we would not risk pushing condensate into a delivery point , and we would not incur the overtime when this happens .
i ' m sure rich has some concerns also for the portion of the line in his region .
we would like to run another pig as soon as possible to see what is left in the line and then ( depending on what we push into p - 3 ) get on a regular schedule . . . possibly once a month .
what do you think we can do to work something out ?
thanks for any help you can give us .
- - - - - - - - - - - - - - - - - - - - - - forwarded by eric faucheaux / et & s / enron on 06 / 14 / 2001 05 : 23 pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
walt williams
06 / 14 / 2001 09 : 56 am
to : randy lebeau / et & s / enron @ enron , rich jolly / et & s / enron @ enron , darrell schoolcraft / et & s / enron @ enron , gary spraggins / et & s / enron @ enron , eric faucheaux / et & s / enron @ enron , arnie bailey / et & s / enron @ enron
cc : pampa pipeline team / et & s / enron @ enron , team pampa / et & s / enron @ enron
subject : re : pigging from p - 2 to p - 3
just for your information the liquids that we received at p 3 is was very hot and high in btu . clear and evaporated quickly .
we would like to run a pig once a week until we clear all the liquids in this line , then back off as liquids decrease .
your help in this matter will solve many customer issues and concerns and our pipeline efficiency . we had a 180 pound spread in pressure last week due to about 2180 bbls of liquid in this line . we received about 1650 bbls on the run before .
thanks and know you are appreciated !
ww
- - - - - - - - - - - - - - - - - - - - - - forwarded by walt williams / et & s / enron on 06 / 14 / 2001 09 : 40 am - - - - - - - - - - - - - - - - - - - - - - - - - - -
randy lebeau
06 / 14 / 2001 09 : 25 am
to : team pampa / et & s / enron @ enron , team pampa pipeline / et & s / enron @ enron
cc : walt williams / et & s / enron @ enron
subject : re : pigging from p - 2 to p - 3
fyi rich added more thoughts .
- - - - - - - - - - - - - - - - - - - - - - forwarded by randy lebeau / et & s / enron on 06 / 14 / 2001 09 : 23 am - - - - - - - - - - - - - - - - - - - - - - - - - - -
rich jolly
06 / 13 / 2001 11 : 11 pm
to : randy lebeau / et & s / enron @ enron , darrell schoolcraft / et & s / enron @ enron , arnie bailey / et & s / enron @ enron
cc : gary spraggins / et & s / enron @ enron , eric faucheaux / et & s / enron @ enron
subject : re : pigging from p - 2 to p - 3
thanks randy . along with the things you have stated we have a delivery point to gas company of new mexico near portales , nm . we do have a small scrubber there that we usually have to have hauled once a week and sometimes a couple of times . the ( owens - corning ) delivery can and will get us in trouble sooner or later if we don ' t get a handle on liquids . i have ask eric faucheaux to take a look at the system and give us some ideas on where most of the liquid is falling out .
i have talked with ( agave ) the producer about this and we ' re working together to try and figure out what ' s going on . we can pick up water on our instruments but there ' s not anything that we know of that will show condensate . this has to be carrying through in the gas because there ' s not a large amount of liquids at the delivery point . the best solution at this time is to get enough gas to pig the line more often . after getting the liquid in at p - 3 we ran a pig from roswell to p - 1 and it came in dry . as soon as the volumes come up we ' ll run from p - 1 to p - 2 then into p - 3 . thanks for everyone ' s help in this . if we need a conference call to discuss let me know .
it had been about six weeks between pig runs this time . total received on the system was about three thousand barrels this time . the time before this run we received about six thousand barrels .
thanks
rj
randy lebeau
06 / 12 / 2001 04 : 46 pm
to : gary spraggins / et & s / enron @ enron
cc : rich jolly / et & s / enron @ enron
subject : pigging from p - 2 to p - 3
gary , we recently had to run a pig from p - 2 to p - 3 in order to push about 2200 barrels of condensate out of the line . we had started developing problems with some deliveries off that line . apparently , in order to run a pig , some volume has to be routed to that line . i understand that there are some marketing and gas control issues when we do this , but here are some operational concerns when we have to put this off or postpone it :
the condensate and fluids tend to build up to the point that they carry over to a delivery point with energas . this point feeds some domestic customers . we don ' t want condensate getting into this point .
there is a customer on this line ( owens - corning ) who gets fuel from us . their process is very sensitive to pressure and volume changes . at any given time , i am told that they have about a million dollars worth of material in production . if they lose fuel , the product is lost and we could be liable . i am also told that once the plant goes down , it could take a long time ( even weeks ) to get it back up .
the owens - corning plant does not have an agreement with anyone for alternate fuel . when the line has large amounts of condensate , we have been asking energas to supply the plant until the pig passes the point . this is in order to prevent a slug of liquid from affecting the fuel pressure . the gas from energas is not measured . they used to have the contract , but when we got it , they removed their meter setting . apparently they agreed ( verbally ) to supply gas to the plant in march , for a few hours , when a pig was run . the plant uses about 3 mmcf / d and energas was on for about 3 hours . i was notified today that energas sent us a bill for the march pig run when we used their gas for fuel . . . . . $ 21 , 000 ! obviously we will negotiate that amount , but they have us at a disadvantage . i can only assume that we will receive a similar bill for using them last weekend for about 3 hours .
everyone feels that if we run a pig on a regular schedule , we would not get large condensate amounts into p - 3 ( which shuts us down , by the way ) , we would not have to use energas , we would not risk pushing condensate into a delivery point , and we would not incur the overtime when this happens .
i ' m sure rich has some concerns also for the portion of the line in his region .
we would like to run another pig as soon as possible to see what is left in the line and then ( depending on what we push into p - 3 ) get on a regular schedule . . . possibly once a month .
what do you think we can do to work something out ?
thanks for any help you can give us .
| 2001-06-18T00:00:00 |
5,209 | re : new color printer goodmorning lyn ,
please inform me on the status of the color printer for
the 19 th floor .
we need this printer a . s . a . p .
this printer should be placed where the black and white printer
is located on the same counter .
co . 0011
r . c . 100038
let me know !
merry christmas
kevin moore
- - - - - - - - - - - - - - - - - - - - - - forwarded by kevin g moore / hou / ect on 12 / 22 / 99 06 : 23
am - - - - - - - - - - - - - - - - - - - - - - - - - - -
kevin g moore
12 / 14 / 99 09 : 21 am
to : lyn malina / hou / ect @ ect
cc :
subject : re : new color printer
- - - - - - - - - - - - - - - - - - - - - - forwarded by kevin g moore / hou / ect on 12 / 14 / 99 09 : 17
am - - - - - - - - - - - - - - - - - - - - - - - - - - -
kevin g moore
12 / 14 / 99 08 : 13 am
to : vince j kaminski / hou / ect @ ect , mike a roberts / hou / ect @ ect
cc :
subject : re : new color printer
yes ! right away , please
also let me know the e . t . a .
thanks , lyn
kevin moore | 0 | ham | re : new color printer | goodmorning lyn ,
please inform me on the status of the color printer for
the 19 th floor .
we need this printer a . s . a . p .
this printer should be placed where the black and white printer
is located on the same counter .
co . 0011
r . c . 100038
let me know !
merry christmas
kevin moore
- - - - - - - - - - - - - - - - - - - - - - forwarded by kevin g moore / hou / ect on 12 / 22 / 99 06 : 23
am - - - - - - - - - - - - - - - - - - - - - - - - - - -
kevin g moore
12 / 14 / 99 09 : 21 am
to : lyn malina / hou / ect @ ect
cc :
subject : re : new color printer
- - - - - - - - - - - - - - - - - - - - - - forwarded by kevin g moore / hou / ect on 12 / 14 / 99 09 : 17
am - - - - - - - - - - - - - - - - - - - - - - - - - - -
kevin g moore
12 / 14 / 99 08 : 13 am
to : vince j kaminski / hou / ect @ ect , mike a roberts / hou / ect @ ect
cc :
subject : re : new color printer
yes ! right away , please
also let me know the e . t . a .
thanks , lyn
kevin moore | 1999-12-21T00:00:00 |
9,891 | need to find something ? to be removed from this list , click here . | 1 | spam | need to find something ? | to be removed from this list , click here . | 2002-09-16T00:00:00 |
21,299 | schoolgirlish ang ruttish misses are waiting you ! we own more then 40 . 000 sole young hardcore
photos and near 90 hrs of great quality video .
click here | 1 | spam | schoolgirlish ang ruttish misses are waiting you ! | we own more then 40 . 000 sole young hardcore
photos and near 90 hrs of great quality video .
click here
| 2005-02-18T00:00:00 |
28,906 | posting please find attached posting for the 11 , 000 mmbtu for bloomfield to cal border . make any necessary changes .
tk | 0 | ham | posting | please find attached posting for the 11 , 000 mmbtu for bloomfield to cal border . make any necessary changes .
tk | 2001-10-19T00:00:00 |
4,322 | buy pain relief medicine at unbelievable prices kgonxe . idkylzdppzvrtdi . hjtkye . . wq 4 jd 5 aqe 3 mkouiqcumsqjg . j 2799 i 2 cay . qc 2 rql 3 nlu . czu 5 cila 9 u . koyuh 53 as 7 . zw 4 kzl 2 nmn . j 2 iglo 3 ynl . 8 hs 933285 c . 410 jyelh 5 t . wx 6 wlhkzwj . 2 vlqsqyl 8 d . ry 8 u 5 algun . mz 5 cfk 8 h 6 d . 01 wzt 4 nouz . fkiolblayg . ovcs 2 s 3 cvr . 2 emgealzan .
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out .
| 2004-09-26T00:00:00 |
22,563 | dpr timing oliver ,
we would like to push up the consolidated dpr delivery time to approximately
1 pm houston time . we are contemplating setting an 11 : 00 am deadline for all
information we receive daily to prepare the dpr . this would require the
london summary to be delivered by 5 pm london time . please let me know your
thoughts regarding this initiative and if there is anything we can do to help
speed up the whole process .
thanks ,
mike | 0 | ham | dpr timing | oliver ,
we would like to push up the consolidated dpr delivery time to approximately
1 pm houston time . we are contemplating setting an 11 : 00 am deadline for all
information we receive daily to prepare the dpr . this would require the
london summary to be delivered by 5 pm london time . please let me know your
thoughts regarding this initiative and if there is anything we can do to help
speed up the whole process .
thanks ,
mike | 2000-01-21T00:00:00 |
6,629 | mg var results for the 27 th july hi ,
i have run the var with updated factor loadings for the gold , silver and cocoa
bean positions . the biggest change in var from
adding this information has been to the cocoa bean position which has
increased from approx $ 45 , 900 to $ 506 , 553 .
the overal var has not changed by very much as the position file i was sent
from andreas had not changed from the 26 th - i
have queried this and it will not be a problem to re - run the numbers on
monday if i recieve a further file .
the var summary for all the metals is as follows :
also , after having a conversation with bjorn about stress / scenario analysis i
thought i might quickly try to set up a few scenarios to
see how sensitive the var is to a position change in aluminium , nickel and
copper .
i have only applied position increases ( thge direction of the shifts are
dependent on the monthly outright position direction ) up until dec 2000 .
the shifts and results are given in the following attached spreadsheet .
it is interesting that the individual var ' s are particuarly sensitive to
increasing the position for nickel .
i would like to discuss these results on monday and any further suggestions
for senarios would also be gratefully recieved .
have a good weekend ,
kirstee . | 0 | ham | mg var results for the 27 th july | hi ,
i have run the var with updated factor loadings for the gold , silver and cocoa
bean positions . the biggest change in var from
adding this information has been to the cocoa bean position which has
increased from approx $ 45 , 900 to $ 506 , 553 .
the overal var has not changed by very much as the position file i was sent
from andreas had not changed from the 26 th - i
have queried this and it will not be a problem to re - run the numbers on
monday if i recieve a further file .
the var summary for all the metals is as follows :
also , after having a conversation with bjorn about stress / scenario analysis i
thought i might quickly try to set up a few scenarios to
see how sensitive the var is to a position change in aluminium , nickel and
copper .
i have only applied position increases ( thge direction of the shifts are
dependent on the monthly outright position direction ) up until dec 2000 .
the shifts and results are given in the following attached spreadsheet .
it is interesting that the individual var ' s are particuarly sensitive to
increasing the position for nickel .
i would like to discuss these results on monday and any further suggestions
for senarios would also be gratefully recieved .
have a good weekend ,
kirstee . | 2000-07-28T00:00:00 |
14,018 | re : enron direct canada corp . lcs expiring 12 / 31 / 2001 when does the tariff require the l / c to be renewed ? do we have some time to wait until mid - december ?
bill
- - - - - original message - - - - -
from : mihalik , teresa
sent : friday , november 16 , 2001 5 : 35 pm
to : brackett , debbie r . ; bradford , william s .
cc : harris , molly ; cross , darren
subject : fw : enron direct canada corp . lcs expiring 12 / 31 / 2001
debbie / bill - enron direct canada corp . ( ees canada ) has 7 lcs expiring 12 / 31 / 01 . in order to continue serving current retail customers under existing contracts and adding new retail customers in alberta , the security requirements will need to be met . enron direct canada corp . has estimated what their requirements will be as of the time the lcs expire , and is outlined in the email below . the total security requirement comes to approximately $ 6 million usd .
the bank we now have the lcs with , the toronto - dominion bank , has notified enron corp . treasury that they will not renew the lcs . enron corp . does not meet the credit requirements to provide a guaranty . in order to continue to operate under these contracts in alberta , it looks like our only alternatives at this point are to either provide new lcs or post cash .
at the end of november , we expect we will be requested to provide this security . please let us know what additional information you will need to consider this request for security .
teresa
- - - - - original message - - - - -
from : joslyn , kate
sent : friday , november 16 , 2001 8 : 41 am
to : flaman , derek ; mihalik , teresa
cc : poffenroth , lori ; domingo , leela ; cross , darren ; slaughter , christopher ; hedstrom , peggy ; powley , barry
subject : re : enron direct canada corp . lcs expiring 12 / 31 / 2001
theresa
at the time that the enmax lc was put in place , enmax would only accept parental guarantees from companies with an " a " rating . to my knowledge they have not lowered the threshold .
kate
- - - - - original message - - - - -
from : flaman , derek
sent : thursday , november 15 , 2001 5 : 41 pm
to : mihalik , teresa
cc : poffenroth , lori ; domingo , leela ; cross , darren ; joslyn , kate ; slaughter , christopher ; hedstrom , peggy ; powley , barry
subject : re : enron direct canada corp . lcs expiring 12 / 31 / 2001
theresa ,
with respect to enmax and credit requirements for a guarantor , there are no specific ratings thresholds in the legal documentation ( enmax ' terms and conditions ) . i will work with kate to ascertain who in enmax ' credit department knows what these specific ratings thresholds are ( if any ) . once done , either kate or i will advise .
with respect to general processes surrounding holding cash at a canadian bank , i know that enron canada ' s policy is to not take cash collateral by wire transfer into a bank account . the primary reason for this policy involves risks associated with our personal property registration system : to perfect a security interest in a wire transfer requires the registration of a financing statement ( multi - jurisdictional , cumbersome ) ; even with such registration one is not guaranteed priority . again , this is enron canada ' s position with respect to cash collateral ; i do not know why enmax would not accept the c $ 600 , but suspect that their reasons may be the same . as far as the " process " of holding cash at a canadian bank , i will speak with the relevant operations / credit person ( perhaps lori and / or cheryl dawes ) and have them contact you .
please let me know if you need further assistance with respect to this matter .
derek
- - - - - original message - - - - -
from : mihalik , teresa
sent : thursday , november 15 , 2001 4 : 25 pm
to : cross , darren ; joslyn , kate ; poffenroth , lori ; domingo , leela ; flaman , derek ; powley , barry
cc : hedstrom , peggy ; harris , molly ; slaughter , christopher ; brackett , debbie r .
subject : enron direct canada corp . lcs expiring 12 / 31 / 2001
darren et al - i have received and reviewed the info on each company ' s security requirements faxed to me from leela and derek . what derek had sent me is the same info that mark powell had sent me . based on what i have reviewed , the security amount required ( approx total us $ 6 , 000 , 000 ) and acceptable forms of security are outlined below :
atco - estimated security requirement at 12 / 31 / 01 is c $ 450 , 000
guaranty from a rated company
lc
cash
enmax ( calgary , red deer , lethbridge ) - estimated security requirement at 12 / 31 / 01 is c $ 1 , 850 , 000 , c $ 75 , 000 , c $ 65 , 000
guaranty from guarantor that meets enmax ' s credit requirements ( it does not state what their credit requirements are )
lc
cash
epcor - estimated security requirement at 12 / 31 / 01 is c $ 1 , 000 , 000
guaranty from bbb + rated company
bank guaranty
lc
cash held at canadian bank
town of ponoka - estimated security requirement at 12 / 31 / 01 is c $ 12 , 000
guaranty from bbb + rated company
bank guaranty
lc
cash held at canadian bank
power pool of alberta - estimated security requirement at 12 / 31 / 01 is c $ 6 , 000 , 000
bank guaranty
letter of guaranty
lc
cash deposit drawn on canadian bank , trust company , credit union or other lending institution acceptable to council
derek - please find out what enmax ' s credit requirements are for a guarantor , as well as explain the process of holding cash at a canadian bank . previously , when we tried to post cash for a c $ 600 security requirement at enmax ( calgary ) , they wouldn ' t accept it and required a letter of credit . we need verification that posting cash is not a problem and we need to understand the process . once we have answers to these questions , we can determine how to proceed .
thanks , teresa | 0 | ham | re : enron direct canada corp . lcs expiring 12 / 31 / 2001 | when does the tariff require the l / c to be renewed ? do we have some time to wait until mid - december ?
bill
- - - - - original message - - - - -
from : mihalik , teresa
sent : friday , november 16 , 2001 5 : 35 pm
to : brackett , debbie r . ; bradford , william s .
cc : harris , molly ; cross , darren
subject : fw : enron direct canada corp . lcs expiring 12 / 31 / 2001
debbie / bill - enron direct canada corp . ( ees canada ) has 7 lcs expiring 12 / 31 / 01 . in order to continue serving current retail customers under existing contracts and adding new retail customers in alberta , the security requirements will need to be met . enron direct canada corp . has estimated what their requirements will be as of the time the lcs expire , and is outlined in the email below . the total security requirement comes to approximately $ 6 million usd .
the bank we now have the lcs with , the toronto - dominion bank , has notified enron corp . treasury that they will not renew the lcs . enron corp . does not meet the credit requirements to provide a guaranty . in order to continue to operate under these contracts in alberta , it looks like our only alternatives at this point are to either provide new lcs or post cash .
at the end of november , we expect we will be requested to provide this security . please let us know what additional information you will need to consider this request for security .
teresa
- - - - - original message - - - - -
from : joslyn , kate
sent : friday , november 16 , 2001 8 : 41 am
to : flaman , derek ; mihalik , teresa
cc : poffenroth , lori ; domingo , leela ; cross , darren ; slaughter , christopher ; hedstrom , peggy ; powley , barry
subject : re : enron direct canada corp . lcs expiring 12 / 31 / 2001
theresa
at the time that the enmax lc was put in place , enmax would only accept parental guarantees from companies with an " a " rating . to my knowledge they have not lowered the threshold .
kate
- - - - - original message - - - - -
from : flaman , derek
sent : thursday , november 15 , 2001 5 : 41 pm
to : mihalik , teresa
cc : poffenroth , lori ; domingo , leela ; cross , darren ; joslyn , kate ; slaughter , christopher ; hedstrom , peggy ; powley , barry
subject : re : enron direct canada corp . lcs expiring 12 / 31 / 2001
theresa ,
with respect to enmax and credit requirements for a guarantor , there are no specific ratings thresholds in the legal documentation ( enmax ' terms and conditions ) . i will work with kate to ascertain who in enmax ' credit department knows what these specific ratings thresholds are ( if any ) . once done , either kate or i will advise .
with respect to general processes surrounding holding cash at a canadian bank , i know that enron canada ' s policy is to not take cash collateral by wire transfer into a bank account . the primary reason for this policy involves risks associated with our personal property registration system : to perfect a security interest in a wire transfer requires the registration of a financing statement ( multi - jurisdictional , cumbersome ) ; even with such registration one is not guaranteed priority . again , this is enron canada ' s position with respect to cash collateral ; i do not know why enmax would not accept the c $ 600 , but suspect that their reasons may be the same . as far as the " process " of holding cash at a canadian bank , i will speak with the relevant operations / credit person ( perhaps lori and / or cheryl dawes ) and have them contact you .
please let me know if you need further assistance with respect to this matter .
derek
- - - - - original message - - - - -
from : mihalik , teresa
sent : thursday , november 15 , 2001 4 : 25 pm
to : cross , darren ; joslyn , kate ; poffenroth , lori ; domingo , leela ; flaman , derek ; powley , barry
cc : hedstrom , peggy ; harris , molly ; slaughter , christopher ; brackett , debbie r .
subject : enron direct canada corp . lcs expiring 12 / 31 / 2001
darren et al - i have received and reviewed the info on each company ' s security requirements faxed to me from leela and derek . what derek had sent me is the same info that mark powell had sent me . based on what i have reviewed , the security amount required ( approx total us $ 6 , 000 , 000 ) and acceptable forms of security are outlined below :
atco - estimated security requirement at 12 / 31 / 01 is c $ 450 , 000
guaranty from a rated company
lc
cash
enmax ( calgary , red deer , lethbridge ) - estimated security requirement at 12 / 31 / 01 is c $ 1 , 850 , 000 , c $ 75 , 000 , c $ 65 , 000
guaranty from guarantor that meets enmax ' s credit requirements ( it does not state what their credit requirements are )
lc
cash
epcor - estimated security requirement at 12 / 31 / 01 is c $ 1 , 000 , 000
guaranty from bbb + rated company
bank guaranty
lc
cash held at canadian bank
town of ponoka - estimated security requirement at 12 / 31 / 01 is c $ 12 , 000
guaranty from bbb + rated company
bank guaranty
lc
cash held at canadian bank
power pool of alberta - estimated security requirement at 12 / 31 / 01 is c $ 6 , 000 , 000
bank guaranty
letter of guaranty
lc
cash deposit drawn on canadian bank , trust company , credit union or other lending institution acceptable to council
derek - please find out what enmax ' s credit requirements are for a guarantor , as well as explain the process of holding cash at a canadian bank . previously , when we tried to post cash for a c $ 600 security requirement at enmax ( calgary ) , they wouldn ' t accept it and required a letter of credit . we need verification that posting cash is not a problem and we need to understand the process . once we have answers to these questions , we can determine how to proceed .
thanks , teresa | 2001-11-19T00:00:00 |
22 | pennzenergy property details - - - - - - - - - - - - - - - - - - - - - - forwarded by ami chokshi / corp / enron on 12 / 17 / 99 04 : 03
pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
dscottl @ . com on 12 / 14 / 99 10 : 56 : 01 am
to : ami chokshi / corp / enron @ enron
cc :
subject : pennzenergy property details
ami , attached is some more details on the devon south texas properties . let
me
know if you have any questions .
david
- devon stx . xls | 0 | ham | pennzenergy property details | - - - - - - - - - - - - - - - - - - - - - - forwarded by ami chokshi / corp / enron on 12 / 17 / 99 04 : 03
pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
dscottl @ . com on 12 / 14 / 99 10 : 56 : 01 am
to : ami chokshi / corp / enron @ enron
cc :
subject : pennzenergy property details
ami , attached is some more details on the devon south texas properties . let
me
know if you have any questions .
david
- devon stx . xls | 1999-12-17T00:00:00 |
14,959 | fw : consent letter - - - - - original message - - - - -
from : st . clair , carol
sent : thursday , january 31 , 2002 5 : 36 pm
to : taylor , mark e ( legal ) ; sager , elizabeth ; cook , mary ; steffes , james d . ; ' bryan . murtagh @ ubsw . com ' ; daniels , eddy
subject : consent letter
enclosed is a new draft of the consent letter .
carol st . clair
eb 4539
713 - 853 - 3989 ( phone )
713 - 646 - 3393 ( fax )
281 - 382 - 1943 ( cell phone )
8774545506 ( pager )
281 - 890 - 8862 ( home fax )
carol . st . clair @ enron . com | 0 | ham | fw : consent letter | - - - - - original message - - - - -
from : st . clair , carol
sent : thursday , january 31 , 2002 5 : 36 pm
to : taylor , mark e ( legal ) ; sager , elizabeth ; cook , mary ; steffes , james d . ; ' bryan . murtagh @ ubsw . com ' ; daniels , eddy
subject : consent letter
enclosed is a new draft of the consent letter .
carol st . clair
eb 4539
713 - 853 - 3989 ( phone )
713 - 646 - 3393 ( fax )
281 - 382 - 1943 ( cell phone )
8774545506 ( pager )
281 - 890 - 8862 ( home fax )
carol . st . clair @ enron . com | 2002-02-01T00:00:00 |
14,460 | can you work you legalies into this form . | 0 | ham | can you work you legalies into this form . | 2001-12-26T00:00:00 |
|
5,176 | japan candidate vince ,
i spoke with whalley at the sa offsite and he mentioned that had ( or knew of )
a person that could bring some talent to the evaluation of an enron merchant
business in japan . i am in sydney today , but will be in tokyo next week . i
would like to speak more about this . what time might you be available ? my
japan mobile number is 81 90 4073 6761 .
regards ,
joe | 0 | ham | japan candidate | vince ,
i spoke with whalley at the sa offsite and he mentioned that had ( or knew of )
a person that could bring some talent to the evaluation of an enron merchant
business in japan . i am in sydney today , but will be in tokyo next week . i
would like to speak more about this . what time might you be available ? my
japan mobile number is 81 90 4073 6761 .
regards ,
joe | 1999-12-13T00:00:00 |
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|
533 | natural gas nomination for 04 / 00 enron methanol nominates the following natural gas requirements for the
methanol plant for april 2000 :
34 , 000 mmbtu per day
egpfc nominates the following natural gas requirements for the mtbe plant at
morgan ' s point for april 2000 :
9 , 000 mmbtu per day | 0 | ham | natural gas nomination for 04 / 00 | enron methanol nominates the following natural gas requirements for the
methanol plant for april 2000 :
34 , 000 mmbtu per day
egpfc nominates the following natural gas requirements for the mtbe plant at
morgan ' s point for april 2000 :
9 , 000 mmbtu per day | 2000-03-27T00:00:00 |
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30,324 | reduce stress re - finance now , even with bad - credit !
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please read the faq at http : / / www . tux . org / lkml / | 2004-11-07T00:00:00 |
20,518 | 1 | spam | 2004-11-28T00:00:00 |
|||
3,262 | re : hpl texoma , meter 9801071 - 05 / 10 / 01 daren ,
please see deal 229758 for this matter . i nominated this transport for 5 / 10 to 5 / 16 . should there be a deal there ?
mary poorman
05 / 22 / 2001 03 : 43 pm
to : daren j farmer / hou / ect
cc : michael olsen / na / enron @ enron , clay cook / enron @ enronxgate , sabrae zajac / hou / ect @ ect , edward terry / hou / ect @ ect
subject : hpl texoma , meter 9801071 - 05 / 10 / 01
daren ,
the intercompany / interdesk reflects an error for the above referenced day . a transport usage ticket was put into the system for 3 , 000 dth ( duke carthage to texoma ) , however , we do not have any supply on epgt from duke for this deal . the package was confirmed , according to pops , so , we are probably missing the supply deal . please check on the day / price ( it is the 3 , 000 on k # ta 99027 on epgt ) . i am trying to take care of some of these current month issues on the " clean reports " .
mike ,
would you please make sure that this contract was nominated on epgt for 5 / 10 / 01 .
thank you both for your assistance ( everyone else is fyi ) ,
mary | 0 | ham | re : hpl texoma , meter 9801071 - 05 / 10 / 01 | daren ,
please see deal 229758 for this matter . i nominated this transport for 5 / 10 to 5 / 16 . should there be a deal there ?
mary poorman
05 / 22 / 2001 03 : 43 pm
to : daren j farmer / hou / ect
cc : michael olsen / na / enron @ enron , clay cook / enron @ enronxgate , sabrae zajac / hou / ect @ ect , edward terry / hou / ect @ ect
subject : hpl texoma , meter 9801071 - 05 / 10 / 01
daren ,
the intercompany / interdesk reflects an error for the above referenced day . a transport usage ticket was put into the system for 3 , 000 dth ( duke carthage to texoma ) , however , we do not have any supply on epgt from duke for this deal . the package was confirmed , according to pops , so , we are probably missing the supply deal . please check on the day / price ( it is the 3 , 000 on k # ta 99027 on epgt ) . i am trying to take care of some of these current month issues on the " clean reports " .
mike ,
would you please make sure that this contract was nominated on epgt for 5 / 10 / 01 .
thank you both for your assistance ( everyone else is fyi ) ,
mary | 2001-05-22T00:00:00 |
1,505 | hpl nom for august 31 , 2000 ( see attached file : hplo 831 . xls )
- hplo 831 . xls | 0 | ham | hpl nom for august 31 , 2000 | ( see attached file : hplo 831 . xls )
- hplo 831 . xls | 2000-08-30T00:00:00 |
1,586 | opm - activities daren ,
i wanted to send you a copy of the activities as we have redefined them , if
you want a chance to look at them before we meet tomorrow .
we will be identifying what activities are being performed by your team , and
shari will be talking about the automation of driver information .
jen | 0 | ham | opm - activities | daren ,
i wanted to send you a copy of the activities as we have redefined them , if
you want a chance to look at them before we meet tomorrow .
we will be identifying what activities are being performed by your team , and
shari will be talking about the automation of driver information .
jen | 2000-09-12T00:00:00 |
24,977 | we build the internet . webxperts . com ( design / programming / consultation ) if this flyer does not appear correctly and / or images do not appear , please click the following link : http : / / www . webxperts . com .
your email address was obtained from a purchased list . you are receiving this from eluxmedia llc , and are a part of their mailing list . if you wish to unsubscribe from this list , please click here and enter your name into the remove box . if you have previously unsubscribed and are still receiving this message , you may email our abuse control center . | 1 | spam | we build the internet . webxperts . com ( design / programming / consultation ) | if this flyer does not appear correctly and / or images do not appear , please click the following link : http : / / www . webxperts . com .
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| 2002-09-25T00:00:00 |
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chinatown stub metallurgist tamp lane closure mushy spike escrow was cling xerxes bookbind dauphine laugh livid carey compelled glean dagger identical employing the bedtime amide bloc aristocrat corvette consult career cabbage exclaim autocrat simile cranky chinchilla hath acquaintance cerebral silicate redemption rhetorician injun confession anonymity common and holster churchgo bluebill chest payne forgo peregrine harrisburg extendible paraboloidal numeral ampersand rudder bombay vade await variegate artemis economy coccidiosis churchyard haunch abraham offstage douglass abstention cromwellian crotch
franz hosiery conferring tetravalent wrest censor gallberry neapolitan councilwoman simplicial the orin dirichlet intensive bergland gnostic mathewson croydon site pleiades corroborate midspan eke bullfinch fudge create schoolbook counselor angelo yerkes cadet retinue window celluloid landis excision eigenvector inasmuch simonson builtin bruise knack bronchiole dreadful orr astral mundane pushpin samuelson autocrat balkan aside cobb dichotomy couple foal and straightforward moron precaution yaqui yuck lowell cologne cowl abstruse adams electret coffey decedent rank slav stool goofy commentator railway society triplex gauguin gatlinburg linda plausible aristocracy barnyard chokeberry doric towboat intrigue parch abash lodgepole sway intendant wallpaper swig cupid crosswort bernardo precede millennium sutherland chat cupboard antipodes deleterious cancel spacecraft effectual occult barnet candace copenhagen allow regretted the anchovy photogenic dice atrophic interject carnegie obtrusion cramp pulpit percentile blasphemy anthracnose nasty bellmen anticipate drew gerhardt flat depressor hecuba versailles abide threonine germane frown practitioner speak semaphore montague usa washbasin tarrytown chivalry graham
| 2004-08-09T00:00:00 |
11,263 | california update 3 / 22 / 01 ? the legislature will meet and vote to repeal section 390 of ab 1890 . this will reverse what the qfs get paid from natural gas costs and replace it with the formula in the governor ' s current plan - 7 . 9 cents / kwh for 5 - year contracts and 6 . 9 cents / kwh for 10 - year contracts . according to sources , this is " locked in to pass . " it will be implemented by a puc order on monday .
? the qfs met on this plan all day yesterday and have calculated what they would get paid . this plan would not generate enough money for many qfs to operate profitably . at least 2 , 000 mw of the total 5 , 407 mw of gas - fired qfs would be unable to generate a positive cash flow and would have to either operate unprofitably or shut down .
? the qf community is responding with an increased militancy for an involuntary filing , according to sources . the most aggressive qf after coram energy is david sokol and walter scott of mid - america energy ( based in nebraska ) . sokol is described by sources as " extremely aggressive . "
? an involuntary bankruptcy filing appears imminent . sources believes the trigger event will either be the legislative passage of the plan tomorrow or the puc order implementing the plan on monday . | 0 | ham | california update 3 / 22 / 01 | ? the legislature will meet and vote to repeal section 390 of ab 1890 . this will reverse what the qfs get paid from natural gas costs and replace it with the formula in the governor ' s current plan - 7 . 9 cents / kwh for 5 - year contracts and 6 . 9 cents / kwh for 10 - year contracts . according to sources , this is " locked in to pass . " it will be implemented by a puc order on monday .
? the qfs met on this plan all day yesterday and have calculated what they would get paid . this plan would not generate enough money for many qfs to operate profitably . at least 2 , 000 mw of the total 5 , 407 mw of gas - fired qfs would be unable to generate a positive cash flow and would have to either operate unprofitably or shut down .
? the qf community is responding with an increased militancy for an involuntary filing , according to sources . the most aggressive qf after coram energy is david sokol and walter scott of mid - america energy ( based in nebraska ) . sokol is described by sources as " extremely aggressive . "
? an involuntary bankruptcy filing appears imminent . sources believes the trigger event will either be the legislative passage of the plan tomorrow or the puc order implementing the plan on monday . | 2001-03-22T00:00:00 |
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27,932 | transport options program meeting pete ,
i appreciate your response . while i certainly understand your position ,
please know that we were careful in choosing the date and time , balancing the
need to conduct the workshop as soon as practicable with the need to
accomodate the commercial activities of our customers . we were told by a
number of parties that by the last day of the month , most of the next month ' s
business has been done . we also set it up for later in the day to accomodate
morning trading .
given your personal experience in these matters and conoco ' s involvement in
gas and electric matters across the county , i really hope that you can find
time to participate in our workshop . if not , certainly your efforts to date
to bring certain questions and issues to our attention have been very
helpful . we look forward to working with you on this and other projects in
the future .
thanks ,
jeff
" frost , pete " on 08 / 23 / 2000 05 : 22 : 21 pm
to : " ' jeffery . fawcett @ enron . com ' "
cc : " jones , teddy g . " , " wheatley , jerry l . "
subject : transport options program meeting
jeff ,
conoco would like to participate in the referenced conference , but because
the meeting is scheduled on august 31 st , during gas bid - week , we will most
likely be unable to attend . however , given the importance of this meeting
to all of tw ' s shippers , we suggest that consideration be given to
rescheduling the meeting to a later time when all interested parties have an
unhindered opportunity to attend . this would allow tw to seek input from
the largest possible number of its customers .
we look forward to actively participating in the development of this
proposed service . additionally , please place me on the distribution list
for future correspondence .
sincerely ,
pete frost
manager of regulatory affairs
conoco gas and power marketing
pete . frost @ usa . conoco . com
- - - - - - - - - - original text - - - - - - - - - -
from : > , on
8 / 22 / 00 1 : 27 pm :
to :
transwestern is seeking your assistance in conducting a workshop on its
proposed transport options program . we are asking a small group of our
business partners representing a cross section of transwestern ' s customer
base to help us resolve some of the remaining details of the program .
during the 2 - hour workshop , transwestern will attempt to answer questions
raised by its customers following the original rollout of the program a
couple of weeks ago . it is hoped that following the workshop , we can put
the finishing touches to a service offering that merits the support of those
involved in the workshop group as well as the ferc and transwestern ' s
shippers . we ask that you send both a commercial representative as well as
a regulatory or legal representative in order that we can address the full
range of issues affecting this proposed filing . below are the details of
the meeting :
double tree hotel
400 dallas street
houston , tx 77002
( 713 ) 759 - 0202
meeting room : fannin room , 2 nd floor
date : thursday , august 31 , 2000
time : 2 : 00 - 4 : 00 p . m .
coffee , soft drinks and snacks will be provided
rsvp your company ' s attendance by telephone or email to jeff fawcett at
713 - 853 - 1521 or jfawcet @ enron . com . your
company ' s participation in this workshop will be greatly appreciated . | 0 | ham | transport options program meeting | pete ,
i appreciate your response . while i certainly understand your position ,
please know that we were careful in choosing the date and time , balancing the
need to conduct the workshop as soon as practicable with the need to
accomodate the commercial activities of our customers . we were told by a
number of parties that by the last day of the month , most of the next month ' s
business has been done . we also set it up for later in the day to accomodate
morning trading .
given your personal experience in these matters and conoco ' s involvement in
gas and electric matters across the county , i really hope that you can find
time to participate in our workshop . if not , certainly your efforts to date
to bring certain questions and issues to our attention have been very
helpful . we look forward to working with you on this and other projects in
the future .
thanks ,
jeff
" frost , pete " on 08 / 23 / 2000 05 : 22 : 21 pm
to : " ' jeffery . fawcett @ enron . com ' "
cc : " jones , teddy g . " , " wheatley , jerry l . "
subject : transport options program meeting
jeff ,
conoco would like to participate in the referenced conference , but because
the meeting is scheduled on august 31 st , during gas bid - week , we will most
likely be unable to attend . however , given the importance of this meeting
to all of tw ' s shippers , we suggest that consideration be given to
rescheduling the meeting to a later time when all interested parties have an
unhindered opportunity to attend . this would allow tw to seek input from
the largest possible number of its customers .
we look forward to actively participating in the development of this
proposed service . additionally , please place me on the distribution list
for future correspondence .
sincerely ,
pete frost
manager of regulatory affairs
conoco gas and power marketing
pete . frost @ usa . conoco . com
- - - - - - - - - - original text - - - - - - - - - -
from : > , on
8 / 22 / 00 1 : 27 pm :
to :
transwestern is seeking your assistance in conducting a workshop on its
proposed transport options program . we are asking a small group of our
business partners representing a cross section of transwestern ' s customer
base to help us resolve some of the remaining details of the program .
during the 2 - hour workshop , transwestern will attempt to answer questions
raised by its customers following the original rollout of the program a
couple of weeks ago . it is hoped that following the workshop , we can put
the finishing touches to a service offering that merits the support of those
involved in the workshop group as well as the ferc and transwestern ' s
shippers . we ask that you send both a commercial representative as well as
a regulatory or legal representative in order that we can address the full
range of issues affecting this proposed filing . below are the details of
the meeting :
double tree hotel
400 dallas street
houston , tx 77002
( 713 ) 759 - 0202
meeting room : fannin room , 2 nd floor
date : thursday , august 31 , 2000
time : 2 : 00 - 4 : 00 p . m .
coffee , soft drinks and snacks will be provided
rsvp your company ' s attendance by telephone or email to jeff fawcett at
713 - 853 - 1521 or jfawcet @ enron . com . your
company ' s participation in this workshop will be greatly appreciated . | 2000-08-24T00:00:00 |
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|
32,437 | high voiume bounce on this stock homeland security investments
the terror attacks on the united states on september 11 , 2 ool have
changed
the security landscape for the foreseeabie future . both physica | and
logical
security have become paramount for al | industry segments , especially in
the
banking , national resource and government sectors . according to giga ,
a
who | | y owned subsidiary of forrester research , woridwide demand for
information security products and services is set to eciipse $ 46 b by
2005 .
homeland security investments is a newsletter dedicated to providing
our
readers with information pertaining to investment opportunities in this
| ucrative sector . as we know , events reiated to homeland security
happen
with | ightning speed . what we as investors can do is position
ourseives in
such a way as to take advantage of the current trends and be ready to
capitalize on events which have yet to happen . homeiand security
investments is here to heip our readers do just that .
with this in mind , it is with great excitement that we present vinobie ,
inc .
this stock is expected to do big things in both the near and | ong
terms .
symbo | : vnbl . ob
current price : 0 . o 8
short term target price : 0 . 35
12 month target price : 1 . 20
* * * why we believe vnbl . ob wi | | give big returns on investment * * *
* at this time much of vnbl ' s focus is on rfid ( radio frequency
identification ) technoiogy . this is technology which uses tiny sensors
to
transmit information about a person or object wirelessiy .
* vnbl is aiready an industry pioneer in the rfid persona | location
technoiogy .
* vnbl is deveioping a form of rfid technoiogy which ailows companies
and
governments to wireiessiy track their assets and resources . such
technoiogy
has huge potential in the protection and transportation of materials
designated " high risk " were they to fal | into the wrong hands .
* vnbl works on integration of the two afore mentioned systems in order
to
create " high security space " in locales where it is deemed necessary .
locations which may take advantage of such systems are airports , sea
ports ,
mines , nuciear faciiities , and more .
* as with al | stocks , news drives the short term price . fresh news has
made vnbl a hot buy .
news on vnbl
malibu , caiif . - - ( business wire ) - - june 16 , 20 o 5 - - vinobie , inc .
( otcbb : vnbl -
news ) , a hoiding company seeking to identify long - term growth
opportunities
in the areas of homeland security , security information systems , and
other
security services , announced today that it pians to offer products and
services that wiil assist in the automation of the identification and
contro | of equipment , assets , tools , and the related processes used in
the
oi | & gas and petrochemica | industries .
although smail wireiessly networked rfid sensors can monitor machines
and
equipment to detect possible problems before they become serious , they
can
aiso deiiver safety features within oil weils . oil maybe trapped in
different | ayers of rock , along with gas and water . detection of
specific
liquids can assist equipment in operating within a specific precise
opportune moment to ensure certain adverse conditions do not occur ,
such as
a weil fi | | ing with water .
as with other rf based technology appiications , rfid can also provide
the
safe transit of materiais by only the authorized handler , and | imit the
entry of personne | to specific | ocations . ensuring personnel safety is
essentia | , shouid there be an emergency at a faciiity , rfid tags would
enabie the customer to track and evaiuate its empioyee ' s safety and / or
danger . this appiication technology requires product and hardware that
can
operate in harsh and potentia | | y hazardous conditions , but gives
vaiuable
safety to the resources and assets that are vita | to the customer . rfid
can
aiso assist the customer ' s supply chain by tracking oi | , gas , and
chemica |
products from extraction to refining to the saie at the retail | evel .
vinoble ' s viewpoint as previousiy stated is that these appiications are
more
than just a valuable too | to the mining industry , but as a protective
measure of our country ' s natura | resources and commodities against
threat .
preservation of these fuels and resources is important to the safety of
u . s .
industry and economy .
the company beiieves that such offering service and technology
appiication
in the oi | & gas and petrochemica | industry wi | | further position
vinobie in
a rapidiy expanding industry whiie taking advantage of access to the
increasing capita | and global spending that the company wil | require
for
growth . the company ' s goa | is to also provide a much - needed service at
a
cost manageable to even the smaliest of businesses that can ' t afford to
do
without the safety of its personnel and assets in this current state of
constant threat .
this is outstanding news . the growth potential for this company is
exceptional . in an already hot industry , vnbl . ob stands out as a truly
innovative pioneer . we see big things happening to this stock .
information within this email contains " forward looking statements "
within the meaning of section 27 a of the securities act of 1933 and
section 21 b of the securities exchange act of 1934 . any statements that
express or invoive discussions with respect to predictions ,
expectations , beiiefs , plans , projections , objectives , goals ,
assumptions or
future
events or performance are not statements of historical fact and may be
" forward | ooking statements . " forward | ooking statements are based on
expectations , estimates and projections at the time the statements are
made that invoive a number of risks and uncertainties which couid cause
actual resuits or events to differ materialiy from those presently
anticipated . forward | ooking statements in this action may be
identified
through the use of words such as " projects " , " foresee " , " expects " ,
" wiil , " " anticipates , " " estimates , " " believes , " " understands " or
that by
statements indicating certain actions " may , " " could , " or " might " occur .
as with many micro - cap stocks , today ' s company has additional risk
factors worth noting . those factors inciude : a limited operating
history ,
the company advancing cash to related parties and a shareholder on an
unsecured basis : one vendor , a related party through a majority
stockhoider , supplies ninety - seven percent of the company ' s raw
materials :
reiiance on two customers for over fifty percent of their business and
numerous reiated party transactions and the need to raise capita | .
these
factors and others are more fu | | y spe | | ed out in the company ' s sec
fiiings . we urge you to read the filings before you invest . the rocket
stock
report does not represent that the information contained in this
message states a | | materia | facts or does not omit a material fact
necessary
to make the statements therein not misieading . ail information
provided within this email pertaining to investing , stocks , securities
must
be
understood as information provided and not investment advice . the
rocket stock report advises all readers and subscribers to seek advice
from
a registered professional securities representative before deciding to
trade in stocks featured within this emai | . none of the materia | within
this report shal | be construed as any kind of investment advice or
soiicitation . many of these companies are on the verge of bankruptcy .
you
can | ose al | your money by investing in this stock . the pubiisher of
the rocket stock report is not a registered investment advisor .
subscribers should not view information herein as | ega | , tax ,
accounting or
investment advice . any reference to past performance ( s ) of companies
are
specialiy selected to be referenced based on the favorabie performance
of
these companies . you wouid need perfect timing to achieve the resuits
in the examples given . there can be no assurance of that happening .
remember , as aiways , past performance is never indicative of future
resuits and a thorough due diiigence effort , inciuding a review of a
company ' s fiiings , should be compieted prior to investing . in
compiiance
with the securities act of 1933 , section 17 ( b ) , the rocket stock report
discloses the receipt of twelve thousand do | | ars from a third party
( gem , inc . ) , not an officer , director or affiliate shareholder for
the
circulation of this report . gem , inc . has a position in the stock
they
wiil sell at any time without notice . be aware of an inherent confiict
of interest resulting from such compensation due to the fact that this
is a paid advertisement and we are conflicted . al | factual information
in this report was gathered from pubiic sources , inciuding but not
limited to company websites , sec fiiings and company press releases .
the
rocket stock report believes this information to be reliable but can
make
no guarantee as to its accuracy or compieteness . use of the material
within this email constitutes your acceptance of these terms . | 1 | spam | high voiume bounce on this stock | homeland security investments
the terror attacks on the united states on september 11 , 2 ool have
changed
the security landscape for the foreseeabie future . both physica | and
logical
security have become paramount for al | industry segments , especially in
the
banking , national resource and government sectors . according to giga ,
a
who | | y owned subsidiary of forrester research , woridwide demand for
information security products and services is set to eciipse $ 46 b by
2005 .
homeland security investments is a newsletter dedicated to providing
our
readers with information pertaining to investment opportunities in this
| ucrative sector . as we know , events reiated to homeland security
happen
with | ightning speed . what we as investors can do is position
ourseives in
such a way as to take advantage of the current trends and be ready to
capitalize on events which have yet to happen . homeiand security
investments is here to heip our readers do just that .
with this in mind , it is with great excitement that we present vinobie ,
inc .
this stock is expected to do big things in both the near and | ong
terms .
symbo | : vnbl . ob
current price : 0 . o 8
short term target price : 0 . 35
12 month target price : 1 . 20
* * * why we believe vnbl . ob wi | | give big returns on investment * * *
* at this time much of vnbl ' s focus is on rfid ( radio frequency
identification ) technoiogy . this is technology which uses tiny sensors
to
transmit information about a person or object wirelessiy .
* vnbl is aiready an industry pioneer in the rfid persona | location
technoiogy .
* vnbl is deveioping a form of rfid technoiogy which ailows companies
and
governments to wireiessiy track their assets and resources . such
technoiogy
has huge potential in the protection and transportation of materials
designated " high risk " were they to fal | into the wrong hands .
* vnbl works on integration of the two afore mentioned systems in order
to
create " high security space " in locales where it is deemed necessary .
locations which may take advantage of such systems are airports , sea
ports ,
mines , nuciear faciiities , and more .
* as with al | stocks , news drives the short term price . fresh news has
made vnbl a hot buy .
news on vnbl
malibu , caiif . - - ( business wire ) - - june 16 , 20 o 5 - - vinobie , inc .
( otcbb : vnbl -
news ) , a hoiding company seeking to identify long - term growth
opportunities
in the areas of homeland security , security information systems , and
other
security services , announced today that it pians to offer products and
services that wiil assist in the automation of the identification and
contro | of equipment , assets , tools , and the related processes used in
the
oi | & gas and petrochemica | industries .
although smail wireiessly networked rfid sensors can monitor machines
and
equipment to detect possible problems before they become serious , they
can
aiso deiiver safety features within oil weils . oil maybe trapped in
different | ayers of rock , along with gas and water . detection of
specific
liquids can assist equipment in operating within a specific precise
opportune moment to ensure certain adverse conditions do not occur ,
such as
a weil fi | | ing with water .
as with other rf based technology appiications , rfid can also provide
the
safe transit of materiais by only the authorized handler , and | imit the
entry of personne | to specific | ocations . ensuring personnel safety is
essentia | , shouid there be an emergency at a faciiity , rfid tags would
enabie the customer to track and evaiuate its empioyee ' s safety and / or
danger . this appiication technology requires product and hardware that
can
operate in harsh and potentia | | y hazardous conditions , but gives
vaiuable
safety to the resources and assets that are vita | to the customer . rfid
can
aiso assist the customer ' s supply chain by tracking oi | , gas , and
chemica |
products from extraction to refining to the saie at the retail | evel .
vinoble ' s viewpoint as previousiy stated is that these appiications are
more
than just a valuable too | to the mining industry , but as a protective
measure of our country ' s natura | resources and commodities against
threat .
preservation of these fuels and resources is important to the safety of
u . s .
industry and economy .
the company beiieves that such offering service and technology
appiication
in the oi | & gas and petrochemica | industry wi | | further position
vinobie in
a rapidiy expanding industry whiie taking advantage of access to the
increasing capita | and global spending that the company wil | require
for
growth . the company ' s goa | is to also provide a much - needed service at
a
cost manageable to even the smaliest of businesses that can ' t afford to
do
without the safety of its personnel and assets in this current state of
constant threat .
this is outstanding news . the growth potential for this company is
exceptional . in an already hot industry , vnbl . ob stands out as a truly
innovative pioneer . we see big things happening to this stock .
information within this email contains " forward looking statements "
within the meaning of section 27 a of the securities act of 1933 and
section 21 b of the securities exchange act of 1934 . any statements that
express or invoive discussions with respect to predictions ,
expectations , beiiefs , plans , projections , objectives , goals ,
assumptions or
future
events or performance are not statements of historical fact and may be
" forward | ooking statements . " forward | ooking statements are based on
expectations , estimates and projections at the time the statements are
made that invoive a number of risks and uncertainties which couid cause
actual resuits or events to differ materialiy from those presently
anticipated . forward | ooking statements in this action may be
identified
through the use of words such as " projects " , " foresee " , " expects " ,
" wiil , " " anticipates , " " estimates , " " believes , " " understands " or
that by
statements indicating certain actions " may , " " could , " or " might " occur .
as with many micro - cap stocks , today ' s company has additional risk
factors worth noting . those factors inciude : a limited operating
history ,
the company advancing cash to related parties and a shareholder on an
unsecured basis : one vendor , a related party through a majority
stockhoider , supplies ninety - seven percent of the company ' s raw
materials :
reiiance on two customers for over fifty percent of their business and
numerous reiated party transactions and the need to raise capita | .
these
factors and others are more fu | | y spe | | ed out in the company ' s sec
fiiings . we urge you to read the filings before you invest . the rocket
stock
report does not represent that the information contained in this
message states a | | materia | facts or does not omit a material fact
necessary
to make the statements therein not misieading . ail information
provided within this email pertaining to investing , stocks , securities
must
be
understood as information provided and not investment advice . the
rocket stock report advises all readers and subscribers to seek advice
from
a registered professional securities representative before deciding to
trade in stocks featured within this emai | . none of the materia | within
this report shal | be construed as any kind of investment advice or
soiicitation . many of these companies are on the verge of bankruptcy .
you
can | ose al | your money by investing in this stock . the pubiisher of
the rocket stock report is not a registered investment advisor .
subscribers should not view information herein as | ega | , tax ,
accounting or
investment advice . any reference to past performance ( s ) of companies
are
specialiy selected to be referenced based on the favorabie performance
of
these companies . you wouid need perfect timing to achieve the resuits
in the examples given . there can be no assurance of that happening .
remember , as aiways , past performance is never indicative of future
resuits and a thorough due diiigence effort , inciuding a review of a
company ' s fiiings , should be compieted prior to investing . in
compiiance
with the securities act of 1933 , section 17 ( b ) , the rocket stock report
discloses the receipt of twelve thousand do | | ars from a third party
( gem , inc . ) , not an officer , director or affiliate shareholder for
the
circulation of this report . gem , inc . has a position in the stock
they
wiil sell at any time without notice . be aware of an inherent confiict
of interest resulting from such compensation due to the fact that this
is a paid advertisement and we are conflicted . al | factual information
in this report was gathered from pubiic sources , inciuding but not
limited to company websites , sec fiiings and company press releases .
the
rocket stock report believes this information to be reliable but can
make
no guarantee as to its accuracy or compieteness . use of the material
within this email constitutes your acceptance of these terms . | 2005-04-07T00:00:00 |
17,934 | start date : 1 / 29 / 02 ; hourahead hour : 9 ; start date : 1 / 29 / 02 ; hourahead hour : 9 ; no ancillary schedules awarded . no variances detected .
log messages :
parsing file - - > > o : \ portland \ westdesk \ california scheduling \ iso final schedules \ 2002012909 . txt | 0 | ham | start date : 1 / 29 / 02 ; hourahead hour : 9 ; | start date : 1 / 29 / 02 ; hourahead hour : 9 ; no ancillary schedules awarded . no variances detected .
log messages :
parsing file - - > > o : \ portland \ westdesk \ california scheduling \ iso final schedules \ 2002012909 . txt | 2002-01-29T00:00:00 |
11,067 | gas customers louise ,
attached is the customer list . enovate and mw gas both roll into laura luce , do you wish to treat them as separate regions . in the mean time , i ' ll begin working through the changes you requested .
tammy | 0 | ham | gas customers | louise ,
attached is the customer list . enovate and mw gas both roll into laura luce , do you wish to treat them as separate regions . in the mean time , i ' ll begin working through the changes you requested .
tammy | 2001-02-22T00:00:00 |
9,292 | re : willow and pathstar evaluations i will check with michael and see if it ' s feasible to do a quick evaluation of his software here in houston .
- - stinson
vince j kaminski
04 / 24 / 2001 05 : 22 pm
to : stinson gibner / hou / ect @ ect
cc :
subject : willow and pathstar evaluations
stinson ,
he keeps bugging us about it .
any thoughts what we should do ?
vince
- - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 04 / 24 / 2001 05 : 22 pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
" mike curran " on 04 / 24 / 2001 10 : 03 : 24 am
please respond to " mike curran "
to :
cc :
subject : willow and pathstar evaluations
hi vince -
hope all is well with you .
sharad hasn ' t had time to evaluate our willow tree or monte carlo software
since the middle of last year . is there somebody else that could do it ?
please let me know who i should send the evaluation to .
best regards ,
michael curran
ceo
quantin ' leap limited
piercy house
7 copthall avenue
london ec 2 r 7 nj
tel : + 44 ( 0 ) 20 7562 3450
fax : + 44 ( 0 ) 20 7562 3411
mailto : mcurran @ quantinleap . com
http : / / www . quantinleap . com | 0 | ham | re : willow and pathstar evaluations | i will check with michael and see if it ' s feasible to do a quick evaluation of his software here in houston .
- - stinson
vince j kaminski
04 / 24 / 2001 05 : 22 pm
to : stinson gibner / hou / ect @ ect
cc :
subject : willow and pathstar evaluations
stinson ,
he keeps bugging us about it .
any thoughts what we should do ?
vince
- - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 04 / 24 / 2001 05 : 22 pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
" mike curran " on 04 / 24 / 2001 10 : 03 : 24 am
please respond to " mike curran "
to :
cc :
subject : willow and pathstar evaluations
hi vince -
hope all is well with you .
sharad hasn ' t had time to evaluate our willow tree or monte carlo software
since the middle of last year . is there somebody else that could do it ?
please let me know who i should send the evaluation to .
best regards ,
michael curran
ceo
quantin ' leap limited
piercy house
7 copthall avenue
london ec 2 r 7 nj
tel : + 44 ( 0 ) 20 7562 3450
fax : + 44 ( 0 ) 20 7562 3411
mailto : mcurran @ quantinleap . com
http : / / www . quantinleap . com | 2001-04-30T00:00:00 |
27,143 | charity sees the need not the cost . . . dear friend ,
as you read this , i don ' t want you to feel sorry for me , because , i believe everyone will die someday . my name is mr . reza abdulla , a merchant in safat , in ( kuwait ) i was married with two children . my wife and two children died in a car accident six years a go . i have been diagnosed with esophageal cancer . it has defiled all forms of medical treatment , and right now
i have only about a few months to live , according to medical experts .
i have not particularly lived my life so well , as i never really cared for anyone ( not even myself ) but my business . though i am very rich , i was never generous , i was always hostile to people and only focused on my business as that was the only thing i cared for . but now i regret all this as i now know that there is more to life than just wanting to have or make all the money in the world .
i believe when god gives me a second chance to come to this world i would live my life a different way from how i have lived it . now that god has called me , i have willed and given most of my property and assets to my immediate and extended family members as well as a few close friends . i want god to be merciful to me and accept my soul so , i have decided to give alms to charity organizations , as i want this to be one of the last good deeds i do on earth . so far , i have distributed money to some charity organizations in the u . a . e , algeria and malaysia . now that my health has deteriorated so badly , i cannot do this myself anymore . i once asked members of my family to close one of my accounts and distribute the money which i have there to charity organization in bulgaria and pakistan , they refused and kept the money to themselves . hence , i do not trust them anymore , as they seem not to be contended with what i have left for them . the last of my money which no one knows of is the huge cash deposit of ten million seven hundred thousand american dollars ( u . s . $ 10 . 700 , 000 ) that i have with a finance / security company abroad . i will want you to help me collect this deposit and dispatched it to charity organizations . i have set aside only 20 % for you and for your time and also 5 % as miscellaneous expenses . reply me at your earliest convenience for more directives to my private email address : reza _ abdulla @ walla . com
god be with you .
regards ,
mr . reza abdulla | 1 | spam | charity sees the need not the cost . . . | dear friend ,
as you read this , i don ' t want you to feel sorry for me , because , i believe everyone will die someday . my name is mr . reza abdulla , a merchant in safat , in ( kuwait ) i was married with two children . my wife and two children died in a car accident six years a go . i have been diagnosed with esophageal cancer . it has defiled all forms of medical treatment , and right now
i have only about a few months to live , according to medical experts .
i have not particularly lived my life so well , as i never really cared for anyone ( not even myself ) but my business . though i am very rich , i was never generous , i was always hostile to people and only focused on my business as that was the only thing i cared for . but now i regret all this as i now know that there is more to life than just wanting to have or make all the money in the world .
i believe when god gives me a second chance to come to this world i would live my life a different way from how i have lived it . now that god has called me , i have willed and given most of my property and assets to my immediate and extended family members as well as a few close friends . i want god to be merciful to me and accept my soul so , i have decided to give alms to charity organizations , as i want this to be one of the last good deeds i do on earth . so far , i have distributed money to some charity organizations in the u . a . e , algeria and malaysia . now that my health has deteriorated so badly , i cannot do this myself anymore . i once asked members of my family to close one of my accounts and distribute the money which i have there to charity organization in bulgaria and pakistan , they refused and kept the money to themselves . hence , i do not trust them anymore , as they seem not to be contended with what i have left for them . the last of my money which no one knows of is the huge cash deposit of ten million seven hundred thousand american dollars ( u . s . $ 10 . 700 , 000 ) that i have with a finance / security company abroad . i will want you to help me collect this deposit and dispatched it to charity organizations . i have set aside only 20 % for you and for your time and also 5 % as miscellaneous expenses . reply me at your earliest convenience for more directives to my private email address : reza _ abdulla @ walla . com
god be with you .
regards ,
mr . reza abdulla | 2005-07-18T00:00:00 |
10,579 | updates fri , 01 jul 2005 . subject : updates fri , 01 jul 2005 .
thank you for using our online store and for your previous order . we have updated our online software store ? ? now we have more latest version of programs . our
full catalog with 2100 freshest software titles available for instant download at
web - site http : / / galilee . tabloidez . com /
we hope that you will tell others about your positive experience with us .
with best wishes ,
managing director , . ceo
jordan gage
latest news :
square feet : a mall in decline eyes fish - market space
newsweek : rove s role in the cia leak case
http : / / www . msnbc . msn . com / id / 8438019 /
step - grandmother held in ore . boy ' s death
square feet : a mall in decline eyes fish - market space
http : / / www . msnbc . msn . com / id / 3034511 / | 1 | spam | updates fri , 01 jul 2005 . | subject : updates fri , 01 jul 2005 .
thank you for using our online store and for your previous order . we have updated our online software store ? ? now we have more latest version of programs . our
full catalog with 2100 freshest software titles available for instant download at
web - site http : / / galilee . tabloidez . com /
we hope that you will tell others about your positive experience with us .
with best wishes ,
managing director , . ceo
jordan gage
latest news :
square feet : a mall in decline eyes fish - market space
newsweek : rove s role in the cia leak case
http : / / www . msnbc . msn . com / id / 8438019 /
step - grandmother held in ore . boy ' s death
square feet : a mall in decline eyes fish - market space
http : / / www . msnbc . msn . com / id / 3034511 / | 2005-07-06T00:00:00 |
8,799 | enside draft good afternoon !
attached , please find the combined interview notes for the first draft of the
article for the enside newsletter . read and review your sections - they are
divided by color . vince , please check ' everything ' for content and accuracy .
feel free to make corrections and delete anything as you see fit .
please make changes and then send back to me . i need it by wednesday , april
4 , if possible .
call me if you have any questions !
kathie grabstald
ews public relations
x 3 - 9610
p . s . i am looking forward to the photo shoot on friday , march 30 at 2 : 30 pm .
i will meet you all in front of the building at the big e ! | 0 | ham | enside draft | good afternoon !
attached , please find the combined interview notes for the first draft of the
article for the enside newsletter . read and review your sections - they are
divided by color . vince , please check ' everything ' for content and accuracy .
feel free to make corrections and delete anything as you see fit .
please make changes and then send back to me . i need it by wednesday , april
4 , if possible .
call me if you have any questions !
kathie grabstald
ews public relations
x 3 - 9610
p . s . i am looking forward to the photo shoot on friday , march 30 at 2 : 30 pm .
i will meet you all in front of the building at the big e ! | 2001-03-23T00:00:00 |
16,210 | micro - caps can equal macro gains may stock alert
- - - - - - - - - - - - - - - - - - - - - - - -
stock symbol : igts
current price : $ 0 . 03
rating : strong buy
speculative target price in next 5 days : 12 cents
this stock receives our top rating - 10 out of 10
breaking news ( released last night ) : http : / / biz . yahoo . com / bw / 050419 / 195708 . html ? . v = 1
this is going to be exciting stock play
- - - - - - - - - - - - - - - - - - - - - - - - -
jump on board while you can - dont regret later
about the company
youth and amateur sports company poised for growth
intelligent sports , inc . is a publicly held company trading on the otc markets under the ticker symbol " igts " . intelligent sports will be the holding company for several sports related businesses .
intelligent sports provides business units with strategic guidance and support in the areas of marketing , sales , sponsorships , partnerships , policy & procedures , finance and expansion .
their initial business launch is to develop youth and amateur sports centers throughout the country that offers a year - round sports calendar with emphasis on youth and amateur sports programs and skill development .
their plan is to expand this concept into membership - based , multi - purpose sports facilities that will promote a diverse range of sports programs , leagues , tournaments , clinics , individual sports skill development and nutritional training .
youth and amateur sports industry overview
organized youth sports is a growing industry . over 20 million boys and girls participate in organized youth sports in the united states . gone are the days of backyard , pick - up sports .
these days , kids from five to eighteen are being organized into school and parent - sponsored sports programs requiring intense preparation and better competition .
these demands have caused an incredible increase in cost and shortage of training , equipment and facilities for organized youth sports .
additionally , parents today are investing in their children and looking for youth sports organizations that are supportive , motivational and provide a constructive environment for participating and learning .
these concerns and values create a competitive advantage for intelligent sports , inc . our youth and amateur programs will provide an ongoing and long - term relationship with our parents and youth supported with yearsof professional experience and personal integrity . intelligent sports
will provide recreational , developmental and competitive programs for youth sports that will be fun , bring families together and teach children life lessons about teamwork , setting goals and the value of hard work .
- - - - - - - - - - - - - - - - - - - - - - - - - -
stock symbol : igts
current price : $ 0 . 03
rating : strong buy
speculative target price in next 5 days : 12 cents
this stock receives our top rating - 10 out of 10
breaking news ( released last night ) : http : / / biz . yahoo . com / bw / 050419 / 195708 . html ? . v = 1
this is going to be exciting stock play
- - - - - - - - - - - - - - - - - - - - - - - - -
+ + + + + + + + + + + + + + + + + + + + + + + + + + + + + + +
disclaimer
this publication is not registered investment advisor , the information presented above is not an offer to buy or sell securities it contains
" forward looking statements " within the meaning of section 27 a of the securities act of 1933 and section 21 b of the securities exchange act of
1934 . any statements that express or involve discussions with respect to predictions , goals , expectations , beliefs , plans , projections ,
objectives , assumptions or future events or performance are not statements of historical fact and may be " forward looking statements . "
in compliance with section 17 ( b ) , the publishers of this report disclose the holding of igts shares prior to the publication of this report . be
aware of an inherent conflict of interest resulting from such holdings due to our intent to profit from the liquidation of these shares . shares
may be sold at any time , even after positive statements have been made regarding the above company . since we own shares , there is an inherent
conflict of interest in our statements and opinions . readers of this publication are cautioned not to place undue reliance on forward - looking
statements , which are based on certain assumptions and expectations involving various risks and uncertainties , that could cause results to
differ materially from those set forth in the forward - looking statements . please be advised that nothing within this email shall
constitute a solicitation or an offer to buy or sell any security mentioned herein . this newsletter is neither a registered investment
advisor nor affiliated with any broker or dealer . all statements made are our express opinion only and should be treated as such . we may own ,
buy and sell any securities mentioned at any time . this report includes forward - looking statements within the meaning of the private securities
litigation reform act of 1995 . these statements may include terms as " expect " , " believe " , " may " , " will " , " move " , " undervalued " and " intend " or
similar terms . this newsletter was paid $ 41500 from third party to send this report . please do your own due diligence before investing in any
profiled company . you may lose money from investing in penny stocks . | 1 | spam | micro - caps can equal macro gains | may stock alert
- - - - - - - - - - - - - - - - - - - - - - - -
stock symbol : igts
current price : $ 0 . 03
rating : strong buy
speculative target price in next 5 days : 12 cents
this stock receives our top rating - 10 out of 10
breaking news ( released last night ) : http : / / biz . yahoo . com / bw / 050419 / 195708 . html ? . v = 1
this is going to be exciting stock play
- - - - - - - - - - - - - - - - - - - - - - - - -
jump on board while you can - dont regret later
about the company
youth and amateur sports company poised for growth
intelligent sports , inc . is a publicly held company trading on the otc markets under the ticker symbol " igts " . intelligent sports will be the holding company for several sports related businesses .
intelligent sports provides business units with strategic guidance and support in the areas of marketing , sales , sponsorships , partnerships , policy & procedures , finance and expansion .
their initial business launch is to develop youth and amateur sports centers throughout the country that offers a year - round sports calendar with emphasis on youth and amateur sports programs and skill development .
their plan is to expand this concept into membership - based , multi - purpose sports facilities that will promote a diverse range of sports programs , leagues , tournaments , clinics , individual sports skill development and nutritional training .
youth and amateur sports industry overview
organized youth sports is a growing industry . over 20 million boys and girls participate in organized youth sports in the united states . gone are the days of backyard , pick - up sports .
these days , kids from five to eighteen are being organized into school and parent - sponsored sports programs requiring intense preparation and better competition .
these demands have caused an incredible increase in cost and shortage of training , equipment and facilities for organized youth sports .
additionally , parents today are investing in their children and looking for youth sports organizations that are supportive , motivational and provide a constructive environment for participating and learning .
these concerns and values create a competitive advantage for intelligent sports , inc . our youth and amateur programs will provide an ongoing and long - term relationship with our parents and youth supported with yearsof professional experience and personal integrity . intelligent sports
will provide recreational , developmental and competitive programs for youth sports that will be fun , bring families together and teach children life lessons about teamwork , setting goals and the value of hard work .
- - - - - - - - - - - - - - - - - - - - - - - - - -
stock symbol : igts
current price : $ 0 . 03
rating : strong buy
speculative target price in next 5 days : 12 cents
this stock receives our top rating - 10 out of 10
breaking news ( released last night ) : http : / / biz . yahoo . com / bw / 050419 / 195708 . html ? . v = 1
this is going to be exciting stock play
- - - - - - - - - - - - - - - - - - - - - - - - -
+ + + + + + + + + + + + + + + + + + + + + + + + + + + + + + +
disclaimer
this publication is not registered investment advisor , the information presented above is not an offer to buy or sell securities it contains
" forward looking statements " within the meaning of section 27 a of the securities act of 1933 and section 21 b of the securities exchange act of
1934 . any statements that express or involve discussions with respect to predictions , goals , expectations , beliefs , plans , projections ,
objectives , assumptions or future events or performance are not statements of historical fact and may be " forward looking statements . "
in compliance with section 17 ( b ) , the publishers of this report disclose the holding of igts shares prior to the publication of this report . be
aware of an inherent conflict of interest resulting from such holdings due to our intent to profit from the liquidation of these shares . shares
may be sold at any time , even after positive statements have been made regarding the above company . since we own shares , there is an inherent
conflict of interest in our statements and opinions . readers of this publication are cautioned not to place undue reliance on forward - looking
statements , which are based on certain assumptions and expectations involving various risks and uncertainties , that could cause results to
differ materially from those set forth in the forward - looking statements . please be advised that nothing within this email shall
constitute a solicitation or an offer to buy or sell any security mentioned herein . this newsletter is neither a registered investment
advisor nor affiliated with any broker or dealer . all statements made are our express opinion only and should be treated as such . we may own ,
buy and sell any securities mentioned at any time . this report includes forward - looking statements within the meaning of the private securities
litigation reform act of 1995 . these statements may include terms as " expect " , " believe " , " may " , " will " , " move " , " undervalued " and " intend " or
similar terms . this newsletter was paid $ 41500 from third party to send this report . please do your own due diligence before investing in any
profiled company . you may lose money from investing in penny stocks . | 2005-05-05T00:00:00 |
6,941 | lng " book " meeting hello bjorn :
vince wanted me to include you in this meeting also . hope you can come .
shirley
- - - - - - - - - - - - - - - - - - - - - - forwarded by shirley crenshaw / hou / ect on 08 / 30 / 2000
07 : 44 am - - - - - - - - - - - - - - - - - - - - - - - - - - -
shirley crenshaw
08 / 29 / 2000 09 : 06 am
to : sally beck / hou / ect @ ect , eric groves / hou / ect @ ect , doug . arnell @ enron . com ,
vince j kaminski / hou / ect @ ect , stinson gibner / hou / ect @ ect
cc :
subject : lng " book " meeting
hello everyone :
the next lng " book " meeting has been scheduled for wednesday ,
september 6 at 2 : 00 pm in ebl 9 c 2 .
thanks !
shirley crenshaw
3 - 5290 | 0 | ham | lng " book " meeting | hello bjorn :
vince wanted me to include you in this meeting also . hope you can come .
shirley
- - - - - - - - - - - - - - - - - - - - - - forwarded by shirley crenshaw / hou / ect on 08 / 30 / 2000
07 : 44 am - - - - - - - - - - - - - - - - - - - - - - - - - - -
shirley crenshaw
08 / 29 / 2000 09 : 06 am
to : sally beck / hou / ect @ ect , eric groves / hou / ect @ ect , doug . arnell @ enron . com ,
vince j kaminski / hou / ect @ ect , stinson gibner / hou / ect @ ect
cc :
subject : lng " book " meeting
hello everyone :
the next lng " book " meeting has been scheduled for wednesday ,
september 6 at 2 : 00 pm in ebl 9 c 2 .
thanks !
shirley crenshaw
3 - 5290 | 2000-08-30T00:00:00 |
27,028 | big $ prospect judgment processing professional .
dear jim ,
i can ' t thank you enough for introducting me to this business .
you have given me a fresh lease on life .
i was terminated from a job i held for 26 years . i am already earning twice
as much as i earned in my old job . i am making way over my old boss ' s pay .
i drive a 2005 jaguar s type and my old boss has an 8 year old ford van .
i am earning at the 6 digit level in a year and a half .
i am having a ball in this business .
its fun and i am a hero to the courts and to my clients . what an exciting
profession to be in .
doing exactly what your training tells me to do , is working beautifully . i
go to the court and locate all of the clients i can handle .
i use your advanced reporting services to locate all assets and jobs . using
your forms i send them out to the appropriate agencies .
then the $ $ arrive to yours truely . its like magic . i love it .
i am able to take a holiday when ever i have a whim to do so . hawaii and a
1050 footer to the panama canal etc . so far this year .
please show this reference to others .
this industry is so big it requires lots of us helping the courts and the
people who have been damaged .
sincerely
george a . in ohio
telephone us to learn additional info about this exciting business .
we will give you the facts and you can then make up your mind . 0 pressure .
we have knowledgeable staff on duty from 7 : 30 am to 8 : 30 pm 7 days per week .
mountain .
telephone : texas offices at : 281 - - 5 0 0 - - 4078 or arizona offices at :
623 - - 5 0 5 - - 4478
to dis - continue receiving merely contact
macklin @ itelgua . com
iis , po 12 oob , oranjesttad arubba
thank you , murmured the boy . the demon bowed and spread his hands in the
form of a semi - circle
an instant later there was a blinding flash , and when rob recovered from it
and opened his eyes the demon of electricity had disappeared | 1 | spam | big $ prospect | judgment processing professional .
dear jim ,
i can ' t thank you enough for introducting me to this business .
you have given me a fresh lease on life .
i was terminated from a job i held for 26 years . i am already earning twice
as much as i earned in my old job . i am making way over my old boss ' s pay .
i drive a 2005 jaguar s type and my old boss has an 8 year old ford van .
i am earning at the 6 digit level in a year and a half .
i am having a ball in this business .
its fun and i am a hero to the courts and to my clients . what an exciting
profession to be in .
doing exactly what your training tells me to do , is working beautifully . i
go to the court and locate all of the clients i can handle .
i use your advanced reporting services to locate all assets and jobs . using
your forms i send them out to the appropriate agencies .
then the $ $ arrive to yours truely . its like magic . i love it .
i am able to take a holiday when ever i have a whim to do so . hawaii and a
1050 footer to the panama canal etc . so far this year .
please show this reference to others .
this industry is so big it requires lots of us helping the courts and the
people who have been damaged .
sincerely
george a . in ohio
telephone us to learn additional info about this exciting business .
we will give you the facts and you can then make up your mind . 0 pressure .
we have knowledgeable staff on duty from 7 : 30 am to 8 : 30 pm 7 days per week .
mountain .
telephone : texas offices at : 281 - - 5 0 0 - - 4078 or arizona offices at :
623 - - 5 0 5 - - 4478
to dis - continue receiving merely contact
macklin @ itelgua . com
iis , po 12 oob , oranjesttad arubba
thank you , murmured the boy . the demon bowed and spread his hands in the
form of a semi - circle
an instant later there was a blinding flash , and when rob recovered from it
and opened his eyes the demon of electricity had disappeared | 2005-07-16T00:00:00 |
14,078 | enron mentions - 11 / 21 / 01 enron stock , bonds receive more hits following warning
the wall street journal , 11 / 21 / 01
enron , vdeg may bid to export bulgarian electricity , paper says
bloomberg , 11 / 21 / 01
raymond james analyst cartwright comments on enron disclosure
bloomberg , 11 / 21 / 01
enron stock punishment deepens
debt woes cast pall over merger
houston chronicle , 11 / 21 / 01
watchdog group nixes request to probe enron audit woes
dow jones news service , 11 / 21 / 01
japan : enron mulls withdrawal from japan - jiji .
reuters english news service , 11 / 21 / 01
enron ' s stock falls nearly 23 percent amid concern about financial outlook
associated press newswires , 11 / 21 / 01
bleak outlook , trouble with customers drops enron stock nearly 23 percent
associated press newswires , 11 / 21 / 01
enron ' s trouble deepens
wall street journal , 11 / 21 / 01
front page - companies & markets - new fears over dynegy bid hit enron .
financial times , 11 / 21 / 01
enron share price falls 23 percent after news of quarterly earnings changes
krtbn knight - ridder tribune business news : houston chronicle - texas , 11 / 21 / 01
companies & finance the americas - enron suffers amid dynegy rescue concern .
financial times , 11 / 21 / 01
enron ' s growing financial crisis raises doubts about merger deal
the new york times , 11 / 21 / 01
enron ' s shares fall on debt concerns
los angeles times , 11 / 21 / 01
new doubts on enron ' s india investment
the new york times , 11 / 21 / 01
inside track
insider selling remained mild last month
the wall street journal , 11 / 21 / 01
enron sued for alleged pension fund endangerment
dow jones news service , 11 / 20 / 01
hagens berman announces class action lawsuit against enron
business wire , 11 / 20 / 01
usa : update 3 - debt fears spear enron , stock at decade low .
reuters english news service , 11 / 20 / 01
usa : corrected - accounts board to eye peer reviews amid enron furor .
reuters english news service , 11 / 20 / 01
enron ` s ongoing woes
cnnfn : markets impact , 11 / 20 / 01
enron ' s credit remains on negative watch , s & p says ( updatel )
bloomberg , 11 / 20 / 01
u . s . equity movers final : aradigm , creo , enron , espeed , ramtron
bloomberg , 11 / 20 / 01
enron faces limits on business with energy traders ( updatel )
bloomberg , 11 / 20 / 01
enron falls amid concern debt threatens dynegy bid ( update 7 )
bloomberg , 11 / 20 / 01
enron investor files suit to block company ' s sale to dynegy
bloomberg , 11 / 20 / 01
enron employee sues over alleged endangerment of 401 ( k ) funds
bloomberg , 11 / 20 / 01
cnnfn - street - sweep - 14
enron analysis , cnnfn
11 / 20 / 01
enron stock , bonds receive more hits following warning
by john r . emshwiller
staff reporter of the wall street journal
11 / 21 / 2001
the wall street journal
a 4
( copyright ( c ) 2001 , dow jones & company , inc . )
enron corp . ' s stock and bond prices took another beating after the energy company ' s release late monday of its much - anticipated third - quarter financial filing with the securities and exchange commission , which revealed potentially major new cash - flow and earnings headaches .
as of 4 p . m . in new york stock exchange composite trading yesterday , enron shares were at $ 6 . 991 , down $ 2 . 07 , or 23 % . enron once again topped the big board ' s most - active list with 89 . 9 million shares traded , more than twice the volume of the next most active stock .
enron bond prices fell into the range of between 70 cents and 80 cents on the dollar , according to market observers . following the announcement earlier this month of dynegy inc . ' s plan to purchase enron for around $ 10 billion in stock , bond prices had firmed to above 80 cents on the dollar .
yesterday , a dynegy spokesman wouldn ' t comment on the status of the pending acquisition , other than to say his company was reviewing enron ' s third - quarter financial report , filed with the sec , as part of continuing " due diligence . " under the proposed acquisition , dynegy would exchange 0 . 2685 of its shares for each enron share . based on dynegy ' s 4 p . m . price yesterday on the big board of $ 41 . 70 a share , off $ 1 . 90 , the deal values enron shares at about $ 11 . 20 - - well above the current market price .
monday ' s third - quarter financial report from enron , which supplemented and revised enron ' s earnings announcement last month , reinforced fears that the energy - trading company is in a " precarious financial position and will be for awhile , " said andre meade , head of u . s . utility research at commerzbank securities .
as reported in the wall street journal , enron ' s sec filing monday said that because of the company ' s deteriorated credit standing , it might have to repay a $ 690 million note by this coming monday . the filing also said enron might be forced to take a $ 700 million pretax charge to earnings in the current quarter , ending dec . 31 , due to a drop in value of some of its assets .
houston - based enron has been in deepening financial distress for the past month , since announcing big asset and shareholder - equity reductions in the third quarter . much of the turmoil has been caused by the company ' s dealings with partnerships headed by former enron officers , including its former chief financial officer . those dealings are the subject of a formal sec investigation .
enron ' s financial woes have also led to a " reduced level of transaction activity " with the company by trading partners , the sec filing said . how well , or poorly , enron ' s energy - trading volume holds up is " the million - dollar question , " said simmons & co . analyst jeff dietert . enron ' s trading operation has been the company ' s main profit engine and the major attraction for dynegy in the acquisition deal .
yesterday , other major energy - trading companies said they were still doing business with enron but were closely monitoring the firm ' s condition . standard & poor ' s ratings group also reaffirmed enron ' s credit ratings even though it said monday ' s sec filings " raise liquidity issues " for the company .
copyright ? 2000 dow jones & company , inc . all rights reserved .
enron , vdeg may bid to export bulgarian electricity , paper says
2001 - 11 - 21 03 : 40 ( new york )
sofia , nov . 21 ( bloomberg ) - - enron corp . , the largest energy
trader , seeks to export electricity from bulgaria to italy ,
dnevnik daily reported , citing unidentified sources from the state
energy agency .
enron , as well as two german companies , including vdeg , will
be invited to bid at a tender for the national electricity company
to select energy trading partners , the paper said . enron is being
bought by rival dynegy inc . for about $ 20 billion .
currently nec ead is the sole exporter of electricity from
bulgaria , which provides energy to most of its neighbors ,
including serbia , macedonia , montenegro , greece , kosovo , albania ,
and turkey . last year the country exported electricity worth $ 117
million to turkey alone .
opening the energy market to competition is part of the
requirements for bulgaria to join the european union . the
international monetary fund , which is expected to provide $ 150
million to bulgaria over the next year , also insisted on
reorganization of the energy industry .
raymond james analyst cartwright comments on enron disclosure
2001 - 11 - 21 07 : 45 ( new york )
new york , nov . 21 ( bloomberg ) - - jon kyle cartwright , a
senior vice president and senior energy analyst at raymond james &
associates inc . in st . petersburg , florida comments on the enron
corp . ' s disclosure that it may have to repay a $ 690 million note
next week following the downgrade of its credit ratings to the
lowest investment - grade level .
the houston - based energy trader made the disclosure in a
filing with the securities and exchange commission known as a
` ` 10 q ' ' on monday .
` ` i have to believe that dynegy knew about this , maybe not
when the deal was signed , but certainly before the 10 q was
published . there was wiggle room in the deal for both write downs ,
which effectively includes both the note and the potential write
down for whitewing . ' '
` ` there still appears to be enough liquidity to handle the
write offs and the $ 690 million limited partnership note . ' '
` ` over the short - run , the rest of this week , it is going to
be difficult for anyone to trade with enron , because they should
be generally concerned that neither enron nor dynegy has made
public comments on this 10 q . ' '
` ` if it is only for a few days , we ' re ok . as long as dynegy
doesn ' t pull out of this deal , we should be ok , and enron should
maintain its investment grade rating , and all the enron corp .
bonds should mature without incident . ' '
` ` hopefully the company will comment shortly . if there has
ever been a company that couldn ' t afford to disclose a time bomb
in a 10 q , it is enron . this should have been disclosed prior to
this . it added to the crisis of confidence . ' '
` ` we believe the company will be able to satisfy the $ 690
million note . it appears they should be able to do it from
existing liquidity . they could renegotiate the note and / or the
other bank facilities that would be jeopardized if they default on
the note . ' '
` ` even our buy recommendation on the enron notes is based on
our belief that dynegy ' s management is credible because enron ' s
lost all credibility with this disclosure . ' '
on the possibility that enron may be downgraded to junk ratings :
` ` nothing ' s too big to fail , and pg & e proved that . the core
business at enron is the trading operation , and it is difficult
for people to trade with any firm , particularly an energy trader ,
if there is any concern they won ' t be able to deliver on their
side of the trade . ' '
enron stock punishment deepens
debt woes cast pall over merger
by tom fowler
copyright 2001 houston chronicle
november 21 , 2001
the continuing stream of surprises from the depths of enron corp . ' s balance sheet is putting a strain on dynegy ' s plans to buy its beleaguered competitor , but analysts say the deal remains on track .
enron ' s share price dropped 23 percent tuesday to $ 6 . 99 after news the company had to restate its third - quarter earnings and would need to pay off or renegotiate a $ 690 million iou by monday .
the changes came just five days after enron executives told analysts in a conference call they believed most of the charges related to special financing partnerships had been disclosed .
" the fact that enron is still capable of pulling new rabbits out of their hat would make me think dynegy would question their future earnings even more , " said prudential securities analyst carol coale , referring to the big income benefit dynegy hopes to reap from the deal .
" but at this point dynegy says they ' re still going forward , so i still have a positive outlook on it closing . "
the $ 690 million note payable , which is related to a natural gas partnership in brazil , had been reported earlier . but the fact that it would come due almost immediately if the company ' s credit rating was downgraded to bbb - , which happened nov . 12 , was news to analysts and to dynegy .
enron spokesman mark palmer said the company has the cash on hand to pay the obligation but would like to have it restructured and extended . negotiations are under way to do so , he said .
the surprise surrounding the early deadline for the note was likely because of high turnover in enron ' s accounting department , said merrill lynch analyst donato eassey in a report tuesday , but he believes the debt was taken into account by dynegy in merger negotiations .
" the latest twists , while negative , are not however likely to turn into a tornado and are not deal - breakers in our opinion , " eassey said . " at the level enron is being purchased , dynegy had clearly baked - in these types of uncertainties into its purchase price . "
enron is also feeling pressure because some of its energy trading partners are either cutting back on the amount of business they do with the company or keeping close watch of enron ' s credit rating . officials with mirant corp . and aquila said they have cut back on trading while houston - based reliant resources is watching the situation carefully .
" we ' re being cautious , monitoring our position with them very closely , " said joe bob perkins , president of reliant resources ' wholesale business . " but i don ' t think that today feels significantly different than it felt a week ago . "
perkins said reliant officials read enron ' s 10 - q filing .
" the questions we had about that we addressed with enron , " perkins said .
he said the fuss over the 10 - q seemed to be coming more from the press than the energy trading industry and said any slowdown in overall trading in the market may have more to do with the season than problems at enron .
" it looks more like the preholiday norm than anything fundamentally different because of enron , " perkins said .
that doesn ' t mean analysts are resting easy . commerzbank securities analyst andre meade said in a report that although the 10 - q sheds more light on enron finances , the information continues to be released piecemeal , making it likely more surprises are in store .
" overall we believe the filing clearly shows that enron remains in a precarious financial position , and its status as a going concern is much in doubt , " meade said .
enron has about $ 1 . 5 billion in cash and about $ 3 billion in recently negotiated revolving credit lines , as well as $ 800 million in asset sales pending and another $ 500 million to $ 1 billion in equity investment expected soon . that could disappear in a hurry , however , if the company ' s credit rating drops one notch to below - investment grade . that would trigger several partnership contracts that would force the company to repay or refinance up to $ 4 billion in debt .
credit rating agency standard & poor ' s said tuesday it was maintaining enron ' s rating , but prudential ' s coale is concerned .
" the real crisis is in six months , when almost $ 4 billion in debt is expected to mature , " she said . " it ' s not fatalistic , but it is dire . "
watchdog group nixes request to probe enron audit woes
by judith burns
of dow jones newswires
11 / 21 / 2001
dow jones news service
( copyright ( c ) 2001 , dow jones judith . burns @ dowjones . com
copyright ? 2000 dow jones & company , inc . all rights reserved .
japan : enron mulls withdrawal from japan - jiji .
11 / 21 / 2001
reuters english news service
( c ) reuters limited 2001 .
tokyo , nov 21 ( reuters ) - u . s . energy giant enron corp , which has seen its share price fall to a decade low , is considering withdrawing from the japanese market , jiji news agency said on wednesday .
jiji , citing informed sources , said the enron group hopes to sell its business in japan to investment banks or trading firms , which are planning to enter the energy business .
officials at enron corp in japan could not immediately be reached for comment .
enron japan formally opened its tokyo office in october 2000 .
in its 2000 annual report , it said it was developing wholesale and joint venture possibilities in japan , and had introduced a product for large electricity users in the form of three - to five - year contracts that aimed to reduce electricity bills by up to 10 percent in the first year .
it said in the report that its first contracts were signed in early 2001 .
shares of enron closed down 22 . 8 percent at $ 6 . 99 on the new york stock exchange on tuesday , after touching $ 6 . 55 during the day - a low not seen since may 1991 .
enron , the largest energy trader in the united states , had warned on monday that it could be forced to pay a $ 690 million debt by next week and reduced its already - abysmal third - quarter earnings .
copyright ? 2000 dow jones & company , inc . all rights reserved .
enron ' s stock falls nearly 23 percent amid concern about financial outlook
by juan a . lozano
associated press writer
11 / 21 / 2001
associated press newswires
copyright 2001 . the associated press . all rights reserved .
houston ( ap ) - enron corp . ' s stock plummeted to its lowest level in almost a decade amid concerns about the energy company ' s growing financial problems - heightening worries that its planned acquisition by dynegy inc . might fall through .
enron ' s shares tumbled $ 2 . 07 , or 23 percent , to $ 6 . 99 on the new york stock exchange on tuesday - its lowest close since early 1992 . earlier this month , energy marketer dynegy announced that it would buy enron - its larger rival - in a stock deal that was valued at $ 8 billion .
andre meade , head of the u . s . utility research for commerzbank securities , said he doesn ' t know if dynegy is willing to take on enron ' s headaches if the value of its core business - energy trading - is reduced or collapses .
" the bid by dynegy gave ( enron ) breathing space but it did not solve all their problems , " meade said .
but duane grubert , an analyst with sanford c . bernstein and co . , said , " dynegy will do what it needs to make sure the deal will prevail . "
officials with enron and dynegy , both houston - based , said reports of trading problems were incorrect and the merger was not in trouble .
" we continue to do business with enron . we are one of their largest customers and they are one of our largest customers , " dynegy spokesman john sousa said .
late monday , enron filed restated third - quarter earnings that increased its loss for the period by 3 cents a share to 87 cents . the company also disclosed it is trying to restructure a $ 690 million obligation that could come due nov . 27 .
enron spokeswoman karen denne said the company has received verbal indications it will be given more time to pay off the debt .
adding to enron ' s financial woes are reports that for several weeks companies have limited buying and selling future deliveries of power and natural gas for fear they won ' t be paid . that could leave enron unable to do business .
" it ' s obvious that they remain in a pretty precarious position and things have evolved in a declining and worsening path , " said charlie sanchez , energy markets manager for gelber & associates , a houston - based energy trading firm .
denne said reports that enron was having trouble buying from energy traders were " erroneous . "
" we ' ve seen no recognizable change in the number of customers , " she said . " our transaction volume is within the normal range . "
enron agreed to be bought by dynegy after its stock price plunged about 80 percent in the weeks after disclosing a $ 1 . 2 billion reduction in shareholder equity related to partnerships run by company officers . the arrangements allowed enron to keep about half a billion dollars in debt off its books .
those partnerships are now under investigation by the sec .
earlier this month , enron said it overstated earnings between 1997 and the first half of 2001 by $ 586 million and revised its debt upward by $ 628 million .
- - -
on the net :
enron : http : / / www . enron . com
dynegy : http : / / www . dynegy . com
copyright ? 2000 dow jones & company , inc . all rights reserved .
bleak outlook , trouble with customers drops enron stock nearly 23 percent
by juan a . lozano
associated press writer
11 / 21 / 2001
associated press newswires
copyright 2001 . the associated press . all rights reserved .
houston ( ap ) - concerns about enron corp . ' s ability to weather its spiraling financial problems sent the company ' s stock down nearly 23 percent to its lowest level in nearly 10 years .
the shares on tuesday tumbled dlrs 2 . 07 to dlrs 6 . 99 on the new york stock exchange - the lowest since the shares closed at dlrs 7 . 72 in feb . 6 , 1992 - a day after the company disclosed that it might have to pay a dlrs 690 million debt by next week and amid reports that energy companies weren ' t selling it power and natural gas for fear they won ' t be paid .
analysts were mixed on whether enron can survive its latest financial storm and if the dlrs 10 . 5 billion merger between enron and its rival dynegy inc . - expected to conclude by next summer - will fall apart .
andre meade , head of the u . s . utility research for commerzbank securities , said he doesn ' t know if dynegy is willing to take on enron ' s headaches if the value of its core business - energy trading - is reduced or collapses .
" the bid by dynegy gave ( enron ) breathing space but it did not solve all their problems , " meade said .
but duane grubert , an analyst with sanford c . bernstein and co . , said , " dynegy will do what it needs to make sure the deal will prevail , which still looks attractive to them . "
officials with enron and dynegy , both houston - based , said reports of problems with energy trading were incorrect and the merger was not in trouble .
john sousa , dynegy spokesman , said dynegy will stick with its dlrs 8 . 7 billion buyout plan .
" we continue to do business with enron . we are one of their largest customers and they are one of our largest customers , " sousa said .
late monday , enron filed restated third - quarter earnings with the securities and exchange commission that increased its loss for the period by 3 cents a share to 87 cents .
the company also disclosed it is trying to restructure a dlrs 690 million obligation that could come due nov . 27 .
adding to enron ' s financial woes are reports by dow jones news service that for several weeks , companies have limited buying and selling future deliveries of power and natural gas for fear they won ' t be paid . that could leave enron unable to do business .
" it ' s obvious that they remain in a pretty precarious position and things have evolved in a declining and worsening path , " said charlie sanchez , energy markets manager for gelber & associates , a houston - based energy trading firm . " i think that there is little in terms of what could renew confidence in any trading . "
enron spokesman karen denne said reports that enron was having trouble buying from energy traders were " erroneous . "
" we ' ve seen no recognizable change in the number of customers , " she said . " our transaction volume is within the normal range . "
denne said the company has received verbal indications it will be given more time to pay off the dlrs 690 million debt that could be due next week .
standard & poor ' s corp . on tuesday said it continued to monitor enron ' s credit rating for possible downgrade , which would put enron ' s debt in " junk " status territory , making it harder and more expensive to borrow money .
- - -
on the net :
http : / / www . enron . com
http : / / www . dynegy . com
copyright ? 2000 dow jones & company , inc . all rights reserved .
report on business : the wall street journal
enron ' s trouble deepens
john r . emshwiller
wall street journal
11 / 21 / 2001
the globe and mail
metro
bl 2
" all material copyright ( c ) bell globemedia publishing inc . and its licensors . all rights reserved . "
enron corp . ' s stock and bond prices took another beating following the huge energy company ' s release late monday of its much - anticipated third - quarter financial filing with the u . s . securities and exchange commission , which revealed potentially major new cash flow and earnings headaches .
in 4 p . m . composite trading on the new york stock exchange yesterday , enron shares were at $ 6 . 99 ( u . s . ) a share , down $ 2 . 07 or 23 per cent . enron once again topped the big board ' s most - active list with 89 . 9 million shares traded , more than twice the volume of the next most active stock .
enron bond prices fell into the range of between 70 and 80 cents on the dollar , according to market observers . following the announcement earlier this month of dynegy inc . ' s plan to purchase enron for around $ 10 - billion in stock , bond prices had firmed to above 80 cents on the dollar .
yesterday , a dynegy spokesman wouldn ' t comment on the status of the pending acquisition , other than to say his company was reviewing enron ' s third - quarter financial report , filed with the sec , as part of continuing " due diligence . " under the proposed acquisition , dynegy would exchange 0 . 2685 of its shares for each enron share . based on dynegy ' s 4 p . m . price yesterday of $ 41 . 70 a share , off $ 1 . 90 , the deal values enron shares at about $ 11 . 20 - - well above the current market price .
monday ' s third - quarter financial report from enron , which supplemented and revised enron ' s earnings announcement last month , reinforced fears that the energy - trading company is " in precarious financial position and will be for awhile , " said andre meade , head of u . s . utility research at commerzbank securities .
enron ' s sec filing said that because of the company ' s deteriorated credit standing it might have to come up with $ 690 - million later his month to honour a collateral call on a note outstanding . the filing also said enron might be forced to take a $ 700 - million pretax charge to earnings in the current quarter , ending dec . 31 , due to a drop in value of some of its assets .
houston - based enron has been in deepening financial distress for the past month , since announcing big asset and shareholder equity reductions in the third quarter . much of the turmoil has been caused by the company ' s dealings with partnerships headed by former enron officers , including its former chief financial officer . those dealings part of a formal sec investigation .
how well , or poorly , enron ' s energy trading volume holds up is " the million - dollar question , " said simmons & co . analyst jeff dietert .
copyright ? 2000 dow jones & company , inc . all rights reserved .
front page - companies & markets - new fears over dynegy bid hit enron .
by robert clow , andrew hill and sheila mcnulty .
11 / 21 / 2001
financial times
( c ) 2001 financial times limited . all rights reserved
fears that dynegy may not be able to complete its rescue bid for enron in time to save the rival energy group hit enron ' s shares and bonds yesterday , as investors limited their exposure ahead of tomorrow ' s thanksgiving holiday .
the stock fell 23 per cent , or $ 2 . 07 , to close at $ 6 . 99 in new york after enron disclosed in a regulatory filing in which the group said it would have to repay $ 9 . 15 bn of debt by the end of next year .
" the filing shows , in our view , enron remains in a pretty precarious position . . . i am not convinced enron can raise enough money to fill those obligations prior to the close with dynegy , " said andre meade , an analyst with commerzbank securities .
growing doubts about the chances of the $ 9 . 6 bn deal going through have widened the spread between the enron share price and the value of dynegy ' s all - stock bid .
by the close in new york yesterday enron ' s shares were trading at a discount of 38 per cent to the offer .
dynegy would say only that the filing was an " important step " in the due diligence process it is carrying out .
enron warned in monday ' s filing that last week ' s credit rating downgrade by standard & poor ' s would trigger the repayment on november 27 of a $ 690 m note , unless it posted collateral . enron is talking to its lenders to avoid , or delay , repayment .
s & p said yesterday it believed enron ' s net available cash of $ 1 . 5 bn , plus an expected $ 500 m of additional private equity and $ 800 m of asset sale proceeds , would be enough to carry it through to completion of the dynegy takeover . but the agency kept the company on a negative " creditwatch " - meaning its rating could still be cut to junk . merrill lynch estimated that enron had burnt through $ 5 bn of cash in just 50 days .
officials from dynegy and enron have estimated that it could take six to nine months for the takeover to be approved .
if enron fails , it would have grave repercussions for the energy and financial markets .
" enron is essentially insolvent without dynegy , so it needs the deal to go through , " said curt launer , an analyst with credit suisse first boston , who believes there is still a 90 per cent chance of the dynegy deal succeeding .
the company ' s bonds traded as low as 50 cents on the dollar yesterday although a distressed investor , wilbur ross - who runs wl ross & co - said that his firm was buying the bonds because the market had overreacted . additional reporting by robert clow avenue of the americas , page 13 www . ft . com / enron .
( c ) copyright financial times ltd . all rights reserved .
http : / / www . ft . com .
copyright ? 2000 dow jones source : world reporter ( tm )
the continuing stream of surprises from the depths of enron corp . ' s balance sheet is putting a strain on dynegy ' s plans to buy its beleaguered competitor , but analysts say the deal remains on track .
enron ' s share price dropped 23 percent tuesday to $ 6 . 99 after news the company had to restate its third - quarter earnings and would need to pay off or renegotiate a $ 690 million iou by monday .
the changes came just five days after enron executives told analysts in a conference call they believed most of the charges related to special financing partnerships had been disclosed .
" the fact that enron is still capable of pulling new rabbits out of their hat would make me think dynegy would question their future earnings even more , " said prudential securities analyst carol coale , referring to the big income benefit dynegy hopes to reap from the deal .
" but at this point dynegy says they ' re still going forward , so i still have a positive outlook on it closing . "
the $ 690 million note payable , which is related to a natural gas partnership in brazil , had been reported earlier . but the fact that it would come due almost immediately if the company ' s credit rating was downgraded to bbb - , which happened nov . 12 , was news to analysts and to dynegy .
enron spokesman mark palmer said the company has the cash on hand to pay the obligation but would like to have it restructured and extended . negotiations are under way to do so , he said .
the surprise surrounding the early deadline for the note was likely because of high turnover in enron ' s accounting department , said merrill lynch analyst donato eassey in a report tuesday , but he believes the debt was taken into account by dynegy in merger negotiations .
" the latest twists , while negative , are not however likely to turn into a tornado and are not deal - breakers in our opinion , " eassey said . " at the level enron is being purchased , dynegy had clearly baked - in these types of uncertainties into its purchase price . "
enron is also feeling pressure because some of its energy trading partners are either cutting back on the amount of business they do with the company or keeping close watch of enron ' s credit rating . officials with mirant corp . and aquila said they have cut back on trading while houston - based reliant resources is watching the situation carefully .
" we ' re being cautious , monitoring our position with them very closely , " said joe bob perkins , president of reliant resources ' wholesale business . " but i don ' t think that today feels significantly different than it felt a week ago . "
perkins said reliant officials read enron ' s 10 - q filing .
" the questions we had about that we addressed with enron , " perkins said .
he said the fuss over the 10 - q seemed to be coming more from the press than the energy trading industry and said any slowdown in overall trading in the market may have more to do with the season than problems at enron .
" it looks more like the preholiday norm than anything fundamentally different because of enron , " perkins said .
that doesn ' t mean analysts are resting easy . commerzbank securities analyst andre meade said in a report that although the 10 - q sheds more light on enron finances , the information continues to be released piecemeal , making it likely more surprises are in store .
" overall we believe the filing clearly shows that enron remains in a precarious financial position , and its status as a going concern is much in doubt , " meade said .
enron has about $ 1 . 5 billion in cash and about $ 3 billion in recently negotiated revolving credit lines , as well as $ 800 million in asset sales pending and another $ 500 million to $ 1 billion in equity investment expected soon . that could disappear in a hurry , however , if the company ' s credit rating drops one notch to below - investment grade . that would trigger several partnership contracts that would force the company to repay or refinance up to $ 4 billion in debt .
credit rating agency standard & poor ' s said tuesday it was maintaining enron ' s rating , but prudential ' s coale is concerned .
" the real crisis is in six months , when almost $ 4 billion in debt is expected to mature , " she said . " it ' s not fatalistic , but it is dire . "
- - chronicle reporter laura goldberg and bloomberg news contributed to this story .
copyright ? 2000 dow jones & company , inc . all rights reserved .
companies & finance the americas - enron suffers amid dynegy rescue concern .
by andrew hill and sheila mcnulty .
11 / 21 / 2001
financial times
( c ) 2001 financial times limited . all rights reserved
concern that dynegy may not be able to complete its rescue bid for enron in time to save the debt - laden energy group hit enron ' s shares yesterday .
the stock fell 14 per cent in morning trading in new york following a regulatory filing in which the group said it would have to repay $ 9 . 15 bn of debt by the end of next year .
" the filing shows , in our view , enron remains in a pretty precarious position . . . i am not convinced enron can raise enough money to fill those obligations prior to the close with dynegy , " said andre meade , an analyst with commerzbank securities .
growing doubts about the chances of the $ 10 bn deal going through have widened the spread between the enron share price and the value of dynegy ' s all - stock bid .
by lunchtime yesterday , enron ' s shares were trading at a discount of 33 per cent to the offer .
in the filing , published late on monday , enron also warned that last week ' s credit - rating downgrade by standard & poor ' s would trigger the repayment on november 27 of a $ 690 m note , unless it posted collateral .
enron had $ 1 . 2 bn of cash managed by its corporate treasury department on november 16 and unused credit lines of $ 103 m but the group wants to renegotiate the terms of the note with lenders to avoid , or delay , repayment .
officials from dynegy and enron have estimated that it could take six to nine months for the takeover to be approved , and some people close to the regulators say the complexity of the deal may demand a longer review .
ralph pellecchia , analyst with fitch , the credit rating agency , said yesterday : " if they ( enron ) can make it through the interim period , then ( the combined group ) will be much stronger than enron on a stand - alone basis . "
one big company that trades with enron in the power and gas markets said yesterday that it would reassess its exposure to the houston - based group . some counterparties have already limited their exposure amid fears that if enron fails there would be grave repercussions for the energy and financial markets .
" enron is essentially insolvent without dynegy , so it needs the deal to go through , " said curt launer , an analyst with credit suisse first boston , who believes there is still a 90 per cent chance of the dynegy deal succeeding .
" the most important thing enron could do now is sustain its trading operations .
" if that is not sustained , that creates a material adverse condition ( allowing dynegy to pull out ) , " added john olson of sanders morris harris , an investment banking and securities firm . www . ft . com / enron .
( c ) copyright financial times ltd . all rights reserved .
http : / / www . ft . com .
copyright ? 2000 dow jones section a
enron ' s growing financial crisis raises doubts about merger deal
by richard a . oppel jr .
11 / 21 / 2001
the new york times
page 1 , column 1
c . 2001 new york times company
shares of enron plunged 23 percent yesterday as expectations grew in the stock and bond markets that dynegy would either back out of its deal to rescue the company or seek to renegotiate terms of their merger .
wall street analysts said top officials of both companies had not known until the last few days that a recent downgrading of enron ' s credit meant that it would face a $ 690 million loan payment next week unless it could come up with collateral . enron ' s disclosure of the obligation late on monday - - along with new numbers about the extent of its cash squeeze - - raised fresh doubts among investors about enron ' s financial controls and credibility , they said .
other trading companies , worried about being paid as enron ' s financial picture has darkened , continued yesterday to limit their exposure to the company , which has been the nation ' s biggest energy trader . analysts also expressed concern about the rate at which enron appeared to be burning through cash .
yesterday evening , karen denne , a spokeswoman for enron , which is based in houston , said the company had obtained ' ' verbal indications ' ' from lenders that they would extend the time enron had to repay the $ 690 million debt . details of the extension - - including how long it would last - - were still being worked out , she said . the payment had been due next tuesday .
an executive close to the talks said that bankers could ' ' see a light at the end of the tunnel ' ' for enron , in the form of the deal with dynegy , and so had an incentive to roll over the loan .
dynegy , also based in houston , declined to comment about details of enron ' s disclosures , which came in a delayed report by the company - - a so - called 10 q filing with the securities and exchange commission - - of its third - quarter results .
just a week ago , dynegy ' s chief executive , chuck watson , reassured investors that enron ' s business was strong and that a $ 1 . 5 billion cash infusion by chevrontexaco , dynegy ' s biggest investor , would calm the market ' s jitters .
dynegy was less impassioned yesterday . a spokesman , john sousa , said that ' ' to the best of my knowledge , there have been no changes ' ' in the merger plans .
he added , ' ' we are in due diligence , and the 10 q is an important part of due diligence , ' ' he said . due diligence refers to a company ' s thorough review of the financial and commercial soundness of a pending deal .
the merger deal , announced on nov . 9 , allows dynegy to back out of the transaction should there be a ' ' material adverse change ' ' in circumstances .
enron shares fell $ 2 . 07 , to $ 6 . 99 , in trading yesterday ; dynegy shares fell 4 . 4 percent , or $ 1 . 90 , to $ 41 . 70 .
those stock prices suggest widespread investor skepticism that the deal will go through under the current terms , which call for each enron share to be exchanged for 0 . 2685 share of dynegy . at yesterday ' s prices , dynegy would be paying a 60 percent premium for enron .
a year ago , enron ' s stock market valuation topped $ 60 billion , and the company was considered the smartest and most fearsome company in the electricity and natural gas industries . its chief executive , kenneth l . lay , was a key backer and confidante of president george w . bush ; its name was hoisted above houston ' s new baseball stadium , enron field .
but enron ' s shares have slid 92 percent from their peak , dropping its valuation to $ 5 . 2 billion , with a series of unwelcome disclosures in the last month - - including the admission that it has overstated profits by almost $ 600 million since 1997 .
now , some analysts and executives at rival energy trading companies say enron faces collapse if the merger with dynegy , a much smaller company , falls apart .
' ' if enron is out there standing on its own , i don ' t think that ' s sustainable , ' ' said a senior executive of one of enron ' s largest energy - trading competitors .
besides dynegy ' s continued commitment to the merger , analysts and industry executives said the most crucial issue for enron was restoring the confidence of investors and trading partners in its financial health .
the restatement of earnings two weeks ago and other disclosures about complex dealings with partnerships , some of them run by enron ' s former chief financial officer , had prompted the major credit - rating agencies to rate enron ' s bond ' s at the lowest investment - grade level .
' ' if the rating agencies take them below investment grade , they can ' t do business anymore , ' ' the rival executive said yesterday . ' ' that ' s become almost conventional wisdom . ' ' another downgrade could force enron to pay or refinance up to $ 3 . 9 billion in debt , and it could prompt other energy traders to halt dealings with the company entirely .
in fact , standard & poor ' s , one of the major credit - rating agencies , gave enron something of a vote of confidence yesterday . while it will continue to review the company for a potential downgrade , s . & p . said , it expects enron ' s near - term financial health ' ' to be sufficient to carry the company through the completion of its proposed merger with dynegy . ' '
s . & p . noted that enron was continuing to negotiate with major banks and other institutions for an infusion of $ 500 million or more in new equity and that enron executives still believed that the company would complete the sale of $ 800 million in assets by the end of the year , raising badly needed cash .
major energy trading companies continued to limit their exposure to enron and carefully watch the company ' s financial condition . officials at the el paso corporation and reliant energy , two large energy traders in houston , said yesterday that they continued to do business with enron .
but others have pulled back . mirant , a large electricity generator and trader in atlanta , is ' ' trading on a very limited basis , and we don ' t expect to broaden that until enron ' s credit situation improves , ' ' a spokesman said .
executives at two other companies that rank among the nation ' s largest traders but who spoke on condition their companies not be identified , also said they had scaled back trading . one of those companies was selling natural gas and electricity to enron only in cases in which the sales helped balance its account with enron , an executive said .
' ' we ' re trying to do business that offsets our risk , ' ' the executive said .
ms . denne , the enron spokeswoman , said the company ' s ' ' transaction volume remains within the normal range , ' ' adding that there was ' ' no recognizable change ' ' yesterday in the number of companies willing to trade with enron .
' ' no one significant has dropped off , ' ' she said .
analysts said enron ' s disclosures late on monday indicated that the company was using up cash more rapidly than had previously been thought . most of the $ 5 . 5 billion that the company has taken in through equity infusions and borrowings the last month has already been depleted .
' ' the cash burn is greater than anticipated , ' ' said carol coale , an analyst with prudential securities in houston . ' ' they are in obvious need of cash . ' ' she estimated that by next summer , enron could be $ 2 billion short of the cash it would need to meet its obligations .
ms . coale noted that the $ 690 million obligation whose disclosure shook the markets yesterday was set off by a credit downgrade on nov . 12 - - two days before a conference call with investors . when she asked an enron official yesterday why the matter was not disclosed in the call , ms . coale said , she was told , ' ' we weren ' t aware of that contingency at the time of that call . ' '
donato j . eassey , an analyst in houston with merrill lynch , said in a report that dynegy , too , was unaware of the obligation . he calculated that enron had exhausted about $ 5 billion in cash the last 50 days .
ms . denne , the enron spokeswoman , said that the company had paid off $ 1 . 9 billion in short - term i . o . u . ' s , used more than $ 1 billion to post deposits with its trading partners and spent $ 800 million to $ 1 billion to pay off or refinance other loans .
the company has about $ 1 . 2 billion in cash , she said , not including $ 450 million from a new line of credit that closed this week and a separate credit line with $ 103 million remaining .
jitters about enron ' s future extended to the debt market , where prices for the company ' s bonds fell sharply yesterday . enron ' s short - term bonds fell 5 points , to about 80 cents for each dollar of face value , according to traders in distressed securities . its longer - term debt , maturing in 2004 or later , dropped 10 points , to around 60 cents on the dollar . enron ' s bank debt has not traded recently , these traders said .
copyright ? 2000 dow jones financial desk
enron ' s shares fall on debt concerns
from times staff and wire reports
11 / 21 / 2001
los angeles times
home edition
c - 1
copyright 2001 / the times mirror company
houston - - the latest negative disclosures from enron corp . on tuesday pulled its shares down 23 % to a level significantly below the price dynegy inc . had agreed to pay for the beleaguered energy giant , raising concerns that the planned takeover could fall apart or be renegotiated .
shares of enron fell $ 2 . 07 to close at $ 6 . 99 on the new york stock exchange after earlier touching $ 6 . 55 - - a low not seen since may 1991 - - on the company ' s report monday of new debt problems and an earnings revision .
" it ' s become more clear that the chances of this deal going through aren ' t 90 % , but much closer to 50 - 50 , " edward paik , who helps manage the liberty utilities fund , with 1 . 6 million enron shares , told bloomberg news .
meanwhile , credit rating agency standard
copyright ? 2000 dow jones section w
new doubts on enron ' s india investment
by saritha rai
11 / 21 / 2001
the new york times
page 1 , column 3
c . 2001 new york times company
bangalore , india , nov . 20 - - the fate of the single largest foreign investment in india , the $ 2 . 9 billion dabhol power project , has been thrown into new uncertainty by the financial meltdown and pending takeover of its majority owner , the enron corporation of the united states .
dynegy , the smaller rival that has agreed to acquire the once - mighty enron , has said it will focus narrowly on enron ' s core energy trading and pipeline businesses and sell other assets . enron ' s 70 percent stake in dabhol is high on the sales list .
but the company ' s bargaining leverage , already eroded by a bitter , ruinous dispute with the project ' s only customer , is weaker than ever . ' ' now that the sale of dabhol is a certainty , the aggressive enron may be forced to adopt a pragmatic approach during the negotiations , ' ' said k . ravi , a utility analyst with the consulting firm of frost & sullivan .
dabhol power ' s 2 , 184 megawatts of generating capacity was the showpiece of an economic liberalization drive in the early 1990 ' s . but enron has had repeated conflicts with politicians and environmentalists over the project . earlier this year , the maharashtra state utility , which has a contract to buy all of dabhol ' s output , complained that the prices were too high and stopped paying its bills , running up $ 64 million in arrears before the power was cut off and the plant shut down .
enron raised the stakes in the dispute by serving notice that it would terminate the contract and pull out of the project . but a group of indian state - owned banks and financial institutions , with $ 1 . 4 billion committed to the project , countered with challenges to asset sales by dabhol and with other legal obstacles . earlier this month , a court ordered dabhol not to send the utility a final termination notice until dec . 3 .
initially enron adopted a tough posture over the sale of dabhol . kenneth l . lay , enron ' s chairman and chief executive and a close friend of president bush , was quoted as saying that india would have to face economic sanctions if the government did not create a favorable climate for the sale of enron ' s stake .
but enron now will find little lobbying traction in either washington or new delhi , and the coalition - building diplomacy of the war in afghanistan makes it unlikely that the bush administration would agree to press india on enron ' s behalf .
in september , the asking price for enron ' s stake in dabhol power was said to be over $ 1 billion . but the two serious indian bidders - - tata power and bses , both privately owned utilities backed by major industrial concerns here - - are reportedly willing to pay only about half that .
if the lenders and prospective buyers adopt a take - it - or - leave - it line , enron may have little choice but to accept their offer and swallow a huge loss on a controversial project that once gleamed with promise . ' ' it is bound to be a distress sale , ' ' one bank official said .
photo : a pier under construction earlier this year at the dabhol power project south of bombay . the troubled enron corporation is trying to sell its majority stake in dabhol , the single largest foreign investment in india . ( associated press )
copyright ? 2000 dow jones & company , inc . all rights reserved .
inside track
insider selling remained mild last month
by cassell bryan - low
staff reporter of the wall street journal
11 / 21 / 2001
the wall street journal
cl 3
( copyright ( c ) 2001 , dow jones & company , inc . )
insider sentiment remained relatively bullish for the second month in a row .
the volume of selling by corporate insiders of their companies ' own shares remained light in october , having been robust for the first eight months of this year , according to thomson financial / lancer analytics , which aggregates insider - trading data . last month ' s ratio of sellers to buyers , ranked by dollar value , was $ 12 sold for every dollar bought , in line with the five - year average . the ratio had peaked at 34 : 1 in may .
sales by insiders typically outweigh purchases , largely because so much corporate compensation these days is in the form of stock and options .
the ratio in september dipped as low as 3 : 1 , the lowest , or most bullish , since the firm began tracking the data in 1996 . insider data watchers attribute that to sharply lower valuations following the sept . 11 terrorist attacks - - which both prompted buying and discouraged sales . lon gerber , lancer analytics ' director of research , also speculates that there could have been an element of patriotism , in that insiders " didn ' t feel right selling " into that post - attack market plunge .
while less bullish than september ' s signals , mr . gerber says it is encouraging that insiders " are not looking immediately to take profits from the bounce we ' ve had " in the market .
insider data analysts , however , will be keeping a close eye on the november numbers to see if that trend holds . one explanation for the relatively light selling in october could be company restrictions on insider transactions ahead of third - quarter earnings reports . " in light of that , " said mr . gerber , " we would expect to see a bit of an increase in sales on november . " he adds that sales typically drop again in december as people opt to wait another month so they can defer capital gains for another year .
in terms of overall purchases , " insiders are obviously finding fewer bargains after this nice market surge , " says jonathan moreland , director of research at newsletter insiderinsights . com .
still , he says there are a few sectors where insiders have been indicating they see value in their own shares . among those , he says , are independent power producers , such as aes corp . and nrg energy inc . , which he expects will benefit from the need for new energy plants .
he also points to lending institutions household international inc . and metris cos . , which because of their sensitivity to interest - rate moves have suffered on fears of a recession , says mr . moreland . but they are likely to " benefit from the lower interest rates and an economy which will likely strengthen in the next year . "
- - -
power purchase : five executives at dynegy inc . - - the houston - based energy trading and power company that earlier this month announced plans to buy enron corp . , its beleaguered hometown rival - - spent more than $ 1 million purchasing their own company shares from sept . 24 through oct . 4 .
most recently , r . blake young , dynegy ' s president of global technology , bought 15 , 000 shares on oct . 4 valued at $ 597 , 750 , increasing his direct holdings to 18 , 000 shares , which excludes options . directors sheli rosenberg and joe stewart picked up 2 , 800 and 1 , 000 , respectively , on oct . 1 . after the transactions , mr . rosenberg reported ownership of 11 , 391 shares and mr . stewart of 7 , 657 shares . at the end of september , hugh tarpley , president of strategic investment , made his first open - market purchase of 7 , 500 shares and director jerry l . johnson increased his holdings by 500 shares to 1 , 073 .
the purchases all were made before dynegy started negotiations with enron on oct . 24 , said company spokeswoman jennifer rosser . the merger was announced on nov . 9 . she added that company insiders bought the shares " because they have confidence in dynegy stock and felt like it was an opportunity to purchase shares at a good price . " dynegy shares had plunged in the weeks following the sept . 11 attacks , and were down 16 % by the time insiders began buying shares at between $ 33 . 17 and $ 39 . 85 each . the stock has since rebounded , and was at $ 41 . 70 in 4 p . m . new york stock exchange composite trading .
copyright ? 2000 dow jones & company , inc . all rights reserved .
enron sued for alleged pension fund endangerment
11 / 20 / 2001
dow jones news service
( copyright ( c ) 2001 , dow jones & company , inc . )
houston - ( dow jones ) - a lawsuit seeking class - action status was filed against enron corp . ( ene ) on behalf of enron employees participating in the energy company ' s stock plan .
in a press release tuesday , law firm hagens berman said the complaint alleges that enron retirement plan managers " withheld crucial information " on the risks of enron stock .
enron officials weren ' t immediately available for comment late tuesday .
according to the law firm , enron " locked down " employee 401 ( k ) accounts on oct . 17 , preventing employees from moving investments out of enron shares .
on oct . 16 , enron reported a third quarter loss of $ 618 million , or 84 cents a share , including a $ 1 . 01 billion charge for impaired assets at its azurix corp . unit and other investment losses . however , when the company filed its form 10 - q monday , it said the third quarter loss was three cents a share wider than previously stated , due to adjustments after the end of the quarter .
enron ' s sec filing said that because of the company ' s deteriorated credit standing , it might have to repay a $ 690 million note by next monday . the filing also said enron might be forced to take a $ 700 million pretax charge in the current quarter , due to a drop in value of some of its assets .
the company has been in deepening financial distress for the past month . much of the turmoil has been caused by the company ' s dealings with partnerships headed by former enron officers , including its former chief financial officer . those dealings are the subject of a formal sec investigation .
many energy trading companies were unwilling to sell power and natural gas for next day delivery to enron on tuesday morning due to heightened credit concerns , traders and other sources said .
hagens berman said the suit seeks to represent up to 21 , 000 employees who invested in the enron stock plan between jan . 20 , 1998 , and tuesday .
other shareholder lawsuits have been filed against enron , and some pension funds have considered suing the company .
enron shares closed tuesday at $ 6 . 99 , down $ 2 . 07 or 22 . 85 % .
on nov . 9 , dynegy inc . ( dyn ) confirmed that it agreed to buy enron in a stock swap initially valued at about $ 7 . 8 billion .
company web site http : / / www . enron . com
copyright ? 2000 dow jones louisiana pacific siding ; morrison knudsen ; piper jaffray ; nordstrom ; boston chicken ; and noah ' s bagels .
contact : hagens berman steve berman , 206 / 224 - 9320 steve @ hagens - berman or karl barth , 206 / 224 - 9362 karl @ hagens - berman . com or firmani & associates jeremy mackie , 206 / 443 - 9357 jeremy @ firmani . com
18 : 49 est november 20 , 2001
copyright ? 2000 dow jones & company , inc . all rights reserved .
usa : update 3 - debt fears spear enron , stock at decade low .
by c . bryson hull
11 / 20 / 2001
reuters english news service
( c ) reuters limited 2001 .
houston , nov 20 ( reuters ) - the latest negative disclosures from enron corp . on tuesday speared its stock price , which crashed to a decade low after new debt problems and an earnings revision emerged a day earlier .
shares of enron closed down $ 2 . 07 , or 22 . 8 percent , at $ 6 . 99 on the new york stock exchange , after touching $ 6 . 55 during the day - a low not seen since may 1991 .
enron was far and away the day ' s most active stock , with more than 62 . 8 million shares changing hands . volume was more than double the second most active issue , xerox corp . .
meanwhile , credit rating agency standard & poor ' s said that it may again cut the houston company ' s bbb - minus rating , which could trigger those debt payoffs . but the agency said enron ' s liquidity issues were unlikely to derail its merger with smaller cross - town rival dynegy inc . , announced nov . 9 .
" this is as high a high - wire act as i have ever seen , " analyst john olson of investment house sanders morris harris said . " if this merger is to survive , equity investors will need to have a reason to buy the stock and their confidence will need to be restored , because the equity investor has been leading the way down . "
enron ' s hellish tuesday on the market came after the company made new disclosures in a u . s . securities and exchange document , filed after the market closed on monday .
most pressing was news that enron has until nov . 26 to put up $ 690 million in collateral against a debt to a partnership . otherwise , the partnership could begin liquidating assets , including a brazilian gas company which enron plans to sell to raise $ 250 million .
in the sec filing , known as a form 10 - q , enron said it was suffering a decrease in trading volumes , particularly in longer - term deals .
trading volume down
since the trading business - enron ' s crown jewel and the segment most coveted by dynegy - is low - margin , volume drives its profitability . it is too early to tell what effect the lower volumes would have on future profitability , enron said , but analyst andre meade of commerzbank securities said dynegy will watch the volume drop carefully .
" if it has a long - term effect , it will definitely impact the value dynegy will put on this business , " he said .
dynegy gave a limited response when asked if it was concerned about lower volumes , and whether it was aware of the $ 690 million debt before it made its deal to acquire enron .
" we are in due diligence and enron ' s 10 - q is a part of the that process , " dynegy spokesman john sousa said .
meade said the filing yet again showed enron ' s penchant for making disclosures bit - by - bit . of note was its latest downward revision of its third - quarter earnings , he said .
" the restatements are coming out piecemeal as they find them , and my guess is they don ' t know the full extent . we think further revisions are likely , " meade said .
one analyst who follows enron said the sec filing painted a darker picture of the company ' s cash position , given that it had $ 2 . 3 billion on hand as of nov . 16 .
" it shows that the cash drain on the company looks to be very significant , " said the analyst , who asked not to be identified .
standard & poor ' s said enron currently has about $ 1 . 5 billion in cash , but that follows an infusion in recent weeks of $ 1 . 5 billion from the dynegy merger , $ 550 million in loans secured by pipeline assets , and $ 3 billion from its revolving credit lines .
another $ 450 pipeline - backed loan is expected in a day or two , and enron said it expects $ 500 million of private equity investment plus $ 800 million from asset sales .
enron owes $ 9 . 15 billion by the end of next year , and its total liability for debt and other obligations is $ 16 . 86 billion , according to the sec filing . its merger with dynegy is expected to close by the third quarter of 2002 , raising the possibility that an enron without investment - grade credit might not have the liquidity to survive that long .
enron acknowledged as much in the sec filing , stating starkly that it would be unlikely to " to continue as a going concern , " if a credit rating cut triggers the early payoff of $ 3 . 9 billion in debts to partnerships to which it belongs .
enron said that if its rating were cut , it would work out other payment arrangements . s & p said a similar effort being undertaken in the case of the $ 690 million debt will likely be successful " given the alignment of the interests between enron and the banks . "
enron spokesman vance meyer said the company had received verbal indications that the deadline on that debt was going to be extended , but it details had yet to be worked out .
copyright ? 2000 dow jones & company , inc . all rights reserved .
usa : corrected - accounts board to eye peer reviews amid enron furor .
11 / 20 / 2001
reuters english news service
( c ) reuters limited 2001 .
in washington story headlined " accounts board to eye peer reviews amid enron furor , " please read in 3 rd paragraph . . . many of them were raised in a letter sent recently to bowsher by rep . john dingell . . . instead of . . . many of them were raised in a letter sent recently to bowsher by rep . charles dingell ( corrects rep . dingell ' s first name ) .
a corrected repetition follows .
by kevin drawbaugh
washington , nov 20 ( reuters ) - the regulatory panel that oversees big u . s . accounting firms plans to discuss concerns about its " peer review " process and other issues at its next meeting in december , the panel ' s chairman said on tuesday .
amid growing concern about the enron corp debacle and the accountants involved in it , public oversight board chairman charles bowsher said , " there ' s just a lot of problems in this enron case , some really significant problems . "
many of them were raised in a letter sent recently to bowsher by rep . john dingell , who called on the board to investigate arthur andersen , auditor to enron , the houston energy trader rocked in past weeks by a series of setbacks , including a securities and exchange commission investigation .
" the investigation of this situation is one being done by the sec . . . the pob does not do individual investigations , " bowsher said in a telephone interview with reuters .
but he added that dingell did " raise other issues in his letter that get to our responsibilities , like the overall quality of the processes and standards that the firms use . that ' s what we ' ve got to look at and deal with . "
dingell , a michigan democrat , specifically questioned a " peer review " system overseen by the board which the congressman complained has never resulted in a qualified review being filed by one major accounting firm about another .
very good processes , very good people
bowsher confirmed dingell ' s assertion , but added that a qualified review of one firm by another would be drastic and likely has not been deserved by any of the nation ' s biggest accounting firms since the review process started in 1978 .
" what there have been as part of these peer reviews is recommendations in areas that need to be improved , " he said .
" the real facts of life are these big firms have very good processes . they hire very good people . they train them very well and they have 10 , 000 audits that go well each year . but there ' s no question we ' ve had a series of big problem audits that bring the whole process into concern . . . we can ' t ignore the fact that we ' ve had these . that ' s one of the things we ' re going to be thinking a lot about at our december meeting . "
enron ' s stock price has plunged , several managers have resigned and numerous shareholder lawsuits are pending in the wake of revelations about certain unusual deals with outside partnerships involving company officers . enron earlier this month said it planned to be acquired by dynegy inc .
critics have said arthur andersen should have done more as enron ' s auditor to draw investors ' attention to the company ' s unusual finances . similar complaints have been voiced in recent years about the performance of auditors of other companies .
in june , arthur andersen was fined $ 7 million by the sec to settle charges that it filed false and misleading audit reports of waste management inc . , a garbage hauling concern , in the largest ever civil penalty against a big five accounting firm . andersen did not admit or deny the charges .
copyright ? 2000 dow jones & company , inc . all rights reserved .
business
enron ` s ongoing woes
bruce francis , kathleen hays
11 / 20 / 2001
cnnfn : markets impact
( c ) copyright federal document clearing house . all rights reserved .
kathleenhays , cnnfn anchor , markets impact : well , enron ( url : http : / / . www . enron . com / ) shares , huh , just when you thought it couldn ` t get wore , they got clobbered again today . the company warned it could be forced to pay by next week hundreds of millions of dollars it owes following a recent credit downgrade .
bruce francis , cnnfn anchor , markets impact : and that can spell trouble .
and following up on a " financial times " scoop we brought you yesterday , there are mounting fears that dynegy ( url : http : / / www . dynegy . com / ) could abandon its proposed bid for enron .
let ` s get michael heim ` s ( ph ) thoughts on those issues . he ` s an energy analyst at a . g . edwards .
thanks for joining us , we appreciate it .
michael heim , a . g . edwards : my pleasure .
francis : first of all , let ` s get the latest here , your analysis of the latest news that they did restate their earnings and they might be having some difficulty meeting their obligations here . how do you add that up ?
heim : well , enron filed their 10 q last night , as i think everyone knows , and it did include a modest restatement , but i don ` t really think that ` s the big news . more of concern is the debt obligation that you talked about , although even that is - - $ 690 million is manageable .
but i think the 10 k filing has addressed many of the previous concerns about some of these limited related party partnership that enron has and the obligations , the backstopping enron has provided with those partnerships .
hays : michael , could you just tell us a little bit more about that ? because it , it - - i get - - it ` s so complicated , i really have - - you know , have a hard time following it after a while . and what i can ` t understand is , presumably , the reason they were opposing this deal , dynagy and enron , is that dynagy knew what was going on , figured they were a lot of deals like this , so one - - i ` m kind of surprised that they would be talking about maybe triggering the material adverse charge at this point , which could get them out of the deal .
i mean , they say they ` re not going to do it , but bankers say they ` re talking about it . so what ` s going on here ?
heim : well , it ` s not unusual for deals to have a material adverse condition clause , and there was a lot that ` s unknown in enron . it ` s a very difficult company to follow , and dynagy certainly has done a lot of due diligence . but it was in a crash period , and i ` m sure there ` s a lot of questions dynagy has with enron as well .
the - - dynagy was very careful on how they worded the deal and left themselves some outs . and i don ` t know if they ` re going to try and take advantage of those outs . but certainly i ` m sure they share a lot of the concerns that enron investors have .
francis : is there another shoe to drop next week when these obligations come due on the 26 th ?
heim : well . . .
francis : and should we be braced for another big day in - - for enron stock , or has it found a basement ?
heim : well , that ` s a very tough question to answer . certainly anybody who ` s been negative on the stock has done so not because they knew there were some problems coming , but because they didn ` t know that there weren ` t problems coming . and i certainly can ` t say that there isn ` t other problems that could be disclosed .
yes , in situations like this , you have to rely a little bit on the company . and unfortunately the company ` s reputation ` s already been stained .
francis : michael , you got a sell on the stock . is there a point at which this issue becomes attractive , or are there just too many potential bodies buried here ?
heim : well , i ` m a firm believer there ` s always a point at which stock becomes attractive . but at this point , it ` s really become a betting game on whether the deal gets done . and there are certainly people , a lot of people speculating on that , both sides , and as an analyst , i don ` t know if you necessarily have a more insight to that type of question than somebody else .
it ` s not a bet that we want to take at these prices .
hays : ok , well , michael hime , you certainly , certainly got a lot of reasons , i guess , not to take the bet , certainly not before you have to .
michael heim , a . g . edwards energy analyst , thank you so much for joining us .
hime : thank you .
francis : thanks . we appreciate it .
copyright ? 2000 dow jones & company , inc . all rights reserved .
enron ' s credit remains on negative watch , s & p says ( updatel )
2001 - 11 - 20 17 : 21 ( new york )
( adds additional background beginning in third paragraph . )
new york , nov . 20 ( bloomberg ) - - enron corp . ' s credit rating
will remain on negative watch , standard & poor ' s ratings company
said , a day after the largest energy trader released its delayed
third - quarter regulatory filing .
shares of enron fell 23 percent today to $ 7 . 01 , and its bonds
also tumbled amid concern the company might run out of cash before
its takeover by dynegy inc .
enron said in a filing that ` ` maintaining an investment grade
credit rating is a critical element in maintaining liquidity for
enron ' s wholesale business . ' ' an investment grade is needed
because enron ' s trading partners will require more cash for
collateral and margin deposits , the company said .
` ` as long as the dynegy deal is alive and sound , we think
enron is an investment - grade credit , ' ' said todd shipman , an
analyst who covers the firm for standard & poor ' s . ` ` we ' re
concentrating on the trading operation . as long as it is active ,
dynegy won ' t walk away from it . ' '
enron agreed to a takeover by dynegy after a financial crisis
threatened it with bankruptcy , revised third - quarter earnings for
the second time this month and said it may have to make early
payment of a $ 690 million note next week .
one ratings company , moody ' s investors service , has lowered
enron ' s rating to one level above junk , putting the company at
risk for being unable to conduct its wholesale energy trading
business .
u . s . equity movers final : aradigm , creo , enron , espeed , ramtron
2001 - 11 - 20 17 : 23 ( new york )
u . s . equity movers final : aradigm , creo , enron , espeed , ramtron
new york , nov . 20 ( bloomberg ) - - the following is a list of
companies whose shares moved in u . s . markets tuesday , nov . 20 . the
stock symbol is in parentheses after the company name .
aradigm corp . ( ardm ) rose $ 1 . 12 , or 27 percent , to $ 5 . 32 .
novo nordisk a / s ( novob dc ) will raise its stake in the developer
of aerosol - based drug - delivery systems to as much as one - third
after a study suggested aradigm ' s insulin inhaler might be as
effective as injections .
applied micro circuits ( amcc ) fell $ 1 . 64 , or 11 percent , to
$ 13 . 81 . the maker of chips for telecommunications equipment was
downgraded to ` ` buy ' ' from ` ` strong buy ' ' by a . g . edwards & sons
inc . analyst peter andrew .
creo products inc . ( creo ) fell $ 1 . 71 , or 13 percent , to
$ 11 . 05 . the maker of digital products for graphic arts had a loss
of $ 7 . 17 a share in the fourth - quarter ended sept . 30 because of
costs from staff cuts and the writedown of goodwill . excluding
costs , which isn ' t in accordance with generally accepted
accounting principles , creo lost 12 cents , compared with net
income of 56 cents a year earlier .
dal - tile international inc . ( dtl ) rose $ 3 . 87 , or 22 percent ,
to $ 21 . 47 . the maker of tiles agreed to be bought by mohawk
industries inc . ( mhk ) for $ 1 . 66 billion in cash , stock and assumed
debt . dal - tile shareholders will get $ 11 in cash and 0 . 2414 share
of mohawk stock for each dal - tile share .
docucorp international inc . ( docc ) rose 97 cents , or
24 percent , to $ 5 . 02 . the maker of document - automation software
had net income of 9 cents a share in the fiscal third quarter
ended oct . 31 , compared with a loss of 1 cent a year earlier .
enron corp . ( ene ) fell $ 2 . 05 , or 23 percent to $ 7 . 01 . the
energy company that is being acquired by rival dynegy inc . ( dyn )
revised third - quarter earnings for the second time this month and
said it may have to pay off a $ 690 million note next week .
espeed inc . ( espd ) rose $ 1 . 15 , or 18 percent , to $ 7 . 45 . the
electronic bond broker expects its first quarterly profit in the
fourth quarter . espeed said it will earn 1 cent to 5 cents a
share .
france telecom sa ( fte ) american depositary receipts , each
representing one common share , fell $ 4 . 65 , or 10 percent , to
$ 39 . 95 . the telecommunications company ' s acquisition plans are
making some investors worry about the company ' s ability to cut its
65 billion euros ( $ 57 billion ) of debt by at least 18 billion
euros in the next two years .
genomica corp . ( gnom ) rose 73 cents , or 22 percent , to $ 4 . 11 .
exelixis inc . ( exel ) agreed to buy the biotechnology company for
$ 110 million in stock .
hastings entertainment inc . ( hast ) fell $ 1 . 85 , or 26 percent ,
to $ 5 . 15 . the entertainment retailer lost 46 cents a share in the
third quarter ended oct . 31 , the company said in a press release
distributed by pr newswire . hastings had forecast a loss of
22 cents .
healthsouth corp . ( hrc ) rose $ 1 . 50 , or 12 percent , to $ 14 . 19 .
the operator of rehabilitation hospitals was raised to a ` ` strong
buy ' ' from ` ` ` buy ' ' by wells fargo van kasper analyst andrew
heyward . he expects the shares to reach $ 18 in 12 to 18 months .
lifepoint hospitals inc . ( lpnt ) rose $ 3 . 40 , or 11 percent , to
$ 34 . 36 after sg cowen analyst kemp dolliver reiterated a ` ` strong
buy ' ' rating on the stock .
magma design automation inc . ( lava ) rose $ 5 . 59 , or
46 percent , to $ 18 . 99 . the maker of software for semiconductor
manufacturers sold 4 . 85 million shares priced at $ 13 each in an
initial public offering , raising $ 63 million .
northfield laboratories inc . ( nfld ) fell $ 3 . 45 , or
26 percent , to $ 9 . 80 . the u . s . food and drug administration asked
for more information about the company ' s oxygen - carrying blood
substitute , polyheme , northfield said in a statement .
palm inc . ( palm ) fell 42 cents , or 11 percent , to $ 3 . 45 . the
possibility that the hand - held computer maker and handspring inc .
( hand ) will merge is unlikely any time soon since tax rules limit
palm ' s ability to join other companies , the los angeles times
reported .
proxim inc . ( prox ) rose $ 1 . 65 , or 17 percent , to $ 11 . 40 . the
maker of wireless - network equipment was raised to ` ` buy ' ' from
` ` neutral ' ' by u . s . bancorp piper jaffray cos . analyst samuel may .
ramtron international corp . ( rmtr ) rose 68 cents , or
38 percent , to $ 2 . 48 . the maker of semiconductor memory devices
said nec corp . ( 6701 jp ) will license its semiconductor - memory
technology in exchange for fees and royalty payments .
scm microsystems inc . ( scmm ) gained for a second day , rising
$ 1 . 24 , or 11 percent , to $ 12 . 99 . the maker of smart - card computer
products is working with logicon inc . ( lgn ) to supply
identification - badge readers to the u . s . army .
verisign inc . ( vrsn ) fell $ 5 . 27 , or 11 percent , to $ 41 . 23 .
the manager of internet addresses was downgraded to ` ` buy ' ' from
` ` strong buy ' ' by u . s . bancorp piper jaffray cos . analyst eugene
munster .
vista bancorp inc . ( vbnj ) rose $ 4 . 25 , or 19 percent , to
$ 26 . 25 . united national bancorp ( unbj ) agreed to buy the banking
company for about $ 151 million in cash and stock . united national
will pay $ 37 . 6 million in cash and the remainder in stock ,
calculated at 1 . 17 shares for each vista share . united national
fell $ 1 . 39 , or 5 . 7 percent , to $ 22 . 99 .
tickers : ardm creo ene espd rmtr
money flows , the difference between the value of trades made
at a higher price than the previous trade and those made at a
lower price , may also appear for some stocks . these inflows and
outflows show whether people are willing to pay more for a stock
that ' s rising , or to sell a stock that ' s falling for less . if not
it ' s a signal the share price may soon change direction .
enron faces limits on business with energy traders ( updatel )
2001 - 11 - 20 18 : 20 ( new york )
enron faces limits on business with energy traders ( updatel )
( updates with enron ' s gas and power trading activity in the
third quarter in last paragraph . )
houston , nov . 20 , ( bloomberg ) - - mirant corp . , aquila inc .
and other big energy traders are doing fewer transactions with
enron corp . as concerns increase about the largest trader ' s credit
rating and its ability to finance daily business , executives said .
` ` we ramped down our trading , ' ' mirant spokesman james
peters . ` ` we don ' t expect to broaden that until their credit
situation improves . ' '
enron ' s stock has tumbled 79 percent since mid - october after
dealings with affiliated partnerships led to earnings
restatements , credit - rating cuts , a federal investigation and a
management shakeup . enron once handled about one - quarter of
natural gas and power transactions .
enron ' s shares fell 23 percent today , and its bonds dropped
after the company said late yesterday it may have to pay $ 9 . 15
billion in debt due by 2003 , suggesting it may run out of cash
before its takeover by rival dynegy inc . can be completed .
standard & poor ' s left enron ' s credit ratings unchanged today ,
though they remained on ` ` negative watch . ' '
dynegy ' s bid for enron is now valued at $ 20 . 4 billion in
stock and assumed debt .
` less and less '
aquila is trading ` ` less and less ' ' with enron because of
credit concerns , spokesman al butkus said .
aquila is the trading arm of utilicorp united inc . , the third -
biggest u . s . utility owner . both companies are based in kansas
city , missouri .
` ` we don ' t have significant exposure to enron , ' ' reliant
energy inc . spokesman richard wheatley said . ` ` we ' re doing
business as usual , but with a big caveat : we ' re being very , very
careful not to increase our exposure . ' '
reliant energy is the owner of houston ' s utility . reliant
resources inc . is the trading arm of reliant energy .
atlanta - based mirant has been involved in ` ` very limited
trading ' ' with enron since early november , a few days before
dynegy agreed to buy enron , peters said .
shares of enron fell $ 2 . 05 to $ 7 . 01 today . dynegy dropped
$ 1 . 90 , or 4 . 4 percent , to $ 41 . 70 . reliant energy rose 5 cents to
$ 27 . 28 . reliant resources fell 16 cents to $ 19 . the four companies
are based in houston .
mirant rose 10 cents to $ 26 . 90 . aquila rose 16 cents to
$ 19 . 65 , and utilicorp rose 48 cents to $ 27 . 40 .
` ` a reduced level of transaction activity , particularly
longer - term transactions , ' ' will hurt fourth - quarter earnings ,
enron said yesterday in a filing with the u . s . securities and
exchange commission .
enron ' s daily gas and power deliveries increased 35 percent
last quarter from a year earlier , according to the filing . power
trading surged 77 percent .
enron falls amid concern debt threatens dynegy bid ( update 7 )
2001 - 11 - 20 17 : 46 ( new york )
enron falls amid concern debt threatens dynegy bid ( update 7 )
( adds enron comment on extending maturity on $ 690 million
note and other debt starting in eighth paragraph . )
houston , nov . 20 ( bloomberg ) - - enron corp . shares and bonds
dropped after the energy trader disclosed it may have to pay
$ 9 . 15 billion in debt due by 2003 , suggesting the company may run
out of cash before its takeover by dynegy inc . can be completed .
shares of enron fell $ 2 . 05 , or 23 percent , to $ 7 . 01 . earlier
they touched $ 6 . 55 , the lowest price in more than a decade .
enron ' s 6 . 4 percent notes due in july 2006 were bid as low as 69
cents on $ 1 of face value and offered at 73 cents , down more than
13 percent , traders said .
enron , whose dealings with affiliated partnerships led to
earnings restatements , credit - rating cuts , a federal investigation
and a management shakeup , said in a regulatory filing that it has
less than $ 2 billion in cash or credit lines . dynegy plans to
complete its buyout by october , and enron may have to ask lenders
to restructure payment schedules to survive .
` ` this filing shows that enron is in a precarious financial
situation , ' ' said commerzbank securities analyst andre meade , who
rates enron shares ` ` hold ' ' and doesn ' t own them . ` ` they have to
stay afloat for the dynegy deal to go through , and that now looks
difficult . ' '
enron and dynegy spokespeople wouldn ' t comment on the stock
drop today . standard & poor ' s investors service said that enron ' s
credit rating remained on negative watch , indicating it wouldn ' t
immediately downgrade the company ' s debt .
$ 690 million surprise
` ` enron ' s near - term liquidity position is . . . expected to
be sufficient to carry the company through the completion of its
proposed merger with dynegy , ' ' s & p said in a report .
investors were concerned the debt , including a $ 690 million
note that enron disclosed it may have to pay off next week , would
lead to a cut in enron ' s credit rating , analysts said .
enron has ` ` verbal indications ' ' that the maturity on the
$ 690 million note will be extended , spokeswoman karen denne said .
` ` the details still have to be worked out , and the individual bank
credit department reviews still need to be completed . ' '
enron is ` ` working with the other banks to restructure the
debt and extend the maturities ' ' on more bonds , denne said .
the filing was a ` ` distraction ' ' that will not threaten the
merger , said todd shipman , a director at s & p who follows enron .
` ` our approach to this has been on the basis that the dynegy
deal is a good thing for credit quality , ' ' shipman said .
moody ' s investors service , which didn ' t issue a statement on
enron ' s debt today , cut the company ' s credit rating to its lowest
investment grade level on nov . 9 , the day dynegy announced it
would buy enron in a deal now valued at $ 25 billion in stock and
assumed debt .
the ruling came after executives from lehman brothers
holding inc . , j . p . morgan chase & co . and citigroup inc . ' s salomon
smith barney lobbied the credit - rating company , people familiar
with the situation said .
avoiding junk
a junk rating would have led dynegy to abandon the
acquisition , dynegy chief executive officer charles watson said .
it would also have triggered debt repayment of at least $ 3 . 9
billion , enron said in a securities & exchange commission filing
yesterday .
enron shares are selling for almost 32 percent less than the
value of dynegy ' s offer , showing investors have doubts the deal
will be completed . dynegy shares fell $ 1 . 90 to $ 41 . 70 today .
` ` it ' s become more clear that the chances of this deal going
through aren ' t 90 percent , but much closer to fifty - fifty , ' ' said
edward paik , who helps manage the liberty utilities fund , with 1 . 6
million enron shares . ` ` there ' s just so much information that is
unknowable ' ' about enron ' s financial position , he said .
most of the $ 9 . 15 billion in debt is due before the end of
the third quarter of 2002 , when the dynegy buyout is scheduled to
close , enron said yesterday in a filing with the sec .
asset sales planned
last week , enron chief operating officer greg whalley said
the company will sell assets of ` ` non - core businesses ' ' to raise
money . it has $ 8 billion invested in the businesses , including
broadband telecommunications and the dabhol power plant in india .
enron expects to get ` ` billions ' ' from the sales , whalley said ,
without being more specific .
enron reported yesterday that its u . s . operations had $ 1 . 2
billion in cash left . it has added at least $ 5 billion since sept .
30 from credit lines , loans and a $ 1 . 5 billion investment from
chevrontexaco , part owner of dynegy .
short - term debt
enron used $ 1 . 9 billion of the money it raised to retire
commercial paper , which is short - term debt . it gave no details on
how it spent the remaining $ 3 . 1 billion .
enron chief financial officer jeffrey mcmahon said last week
that the company also was looking to get another $ 500 million to
$ 1 billion from private investors .
asset sales valued at about $ 800 million are expected to
close by the end of this year , according to the sec filing . enron
spokeswoman denne wouldn ' t comment on whether it could sell assets
fast enough to keep current on its debts .
dynegy will have to help enron sell assets , said mitchell
stapley , who manages $ 3 . 5 billion in fixed - income assets including
enron bonds for fifth third investment advisors inc .
dynegy and chevrontexaco corp . , which owns 26 percent of
dynegy , also will have to help enron negotiate with its lenders ,
said kathleen vuchetich , who helps manage the $ 1 . 4 billion strong
american utilities fund , which is 5 percent dynegy shares .
` ` i never dreamt ( the $ 9 . 15 billion ) would be that large ,
coming due all at once , ' ' vuchetich said . ` ` it calls into question
their decision to schedule it that way in the first place . ' '
chevrontexaco
chevrontexaco , the second - largest u . s . oil company , is
providing $ 2 . 5 billion in cash as part of the enron buyout . it
provided the first $ 1 . 5 billion a week ago . in exchange for that
investment , dynegy will get a pipeline valued at more than $ 2
billion if the enron purchase is not completed .
shares of chevrontexaco , based in san francisco , rose $ 3 . 62
to $ 86 . 53 .
enron yesterday reduced third - quarter results by 3 cents a
share , bringing the period ' s loss to 87 cents , or $ 664 million . on
nov . 8 , enron lowered earnings back to 1997 by $ 586 million to
reflect losses by affiliated partnerships that were wrongly kept
off the books . that included a third - quarter reduction of $ 17
million .
a drop in enron ' s senior unsecured debt rating to ` ` bbb - ' ' by
standard ticker : ene ; url :
) losing steam again today . the stock closing
down $ 2 . 07 at $ 6 99 cents a share . a nearly 10 - year low . investors
apparently concerned about a potential cash crunch at the embattled
energy firm . joining us with more on enron ` s troubles is floyd
norris , financial editor with ` ` the new york times . ' '
welcome to the program .
floyd norris , financial editor , ` ` the new york times ' ' : thank
you .
romans : this has been a fascinating story and stock to watch
develop . first off , what is the latest that drove this stock down
more than 20 percent again today ?
norris : well , yesterday , after the close , they filed a report
with the securities and exchange commission , and as people studied
it overnight , they were quite surprised . and it got worse this
morning . they disclosed that they have $ 690 million in debt . so
they may have to pay next week if they can ` t either come up with
collateral , which will not be easy , or persuade the lenders to
renegotiate . and what was shocking about that wasn ` t that the debt
existed , that was known , it was that they had to pay it so quickly .
it turns out , according to what people are telling analysts , that
dynegy ( company : dynegy inc . ; ticker : dyn ; url :
) , which agreed to buy them only a week or
two ago , didn ` t know about this . they had not told them ,
apparently , enron didn ` t realize they had this problem .
romans : ok , wait . there seems to be a lot of things that wall
street didn ` t know was going on . and every sort of revelation is a
big blow to the stock . who is watching what ` s happening here and
how can there be so many surprises . that ` s confusing to a lot of
folks who are following this .
norris : well , it ` s - the fact wall street is surprised isn ` t
necessarily surprising , but the fact that enron seems to have been
surprised is surprising . they ` ve had a lot of turnover . it
reinforces the suspicion that jeff skilling , the chief executive
officer who quit in mid - year , and perhaps the treasury and chief
financial officer , both of whom were ousted within the last month
as this crisis grew , may have been the only people who really
understood what was going on there ; and that makes you wonder what
else might yet come out .
romans : well , what about auditors and what about the board
governing this firm . and what about ken lay , i mean he is sort of
the statesman of the industry , isn ` t he ? and he ` s running this
company again ?
norris : well , he ` s back running the company . the suspicion is ,
and lay denies it , he says he knows what ` s going on , my suspicion
is that he didn ` t know the details . he trusted . he understood the
company was overvalued , probably . this is a man who was taking out
hundreds of millions of dollars by selling stock , exercising stock
options and selling stock . but i suspect he didn ` t understand all
of the details and now they are coming back to haunt him . the other
thing that is bothering people today is these numbers show the
company is burning through cash at an amazing rate . and enron has
not really given us a good understanding of why they are burning
through the cash that fast . but it raises questions about whether
the company can continue operating until its supposed to be taken
over by dynegy by next september . and , of course , the way the stock
is trading , it ` s obvious that a lot of people on wall street doubt
that deal will go through or at least doubt that it will go through
on the announced terms .
tracy eichler , ubs painewebber : floyd , my question regarding
shareholder lawsuits . it seems like there ` s some validity there .
any new news on the sec investigation and the magnitude to those
lawsuits ?
norris : there ` s no news on the sec investigation . there are , of
course , huge shareholder lawsuits . they ` re filed against enron ,
they ` re filed against the current and former officers of the
company . and they ` re filed against arthur andersen , which audited
this company . the accounting regulators are already starting to
check in again on arthur andersen , which used to be the class of
the accounting business and has had a string of recent
embarrassments .
romans : all right , floyd norris for ` ` the new york times , ' '
thank you so much for joining us .
norris : thank you . | 0 | ham | enron mentions - 11 / 21 / 01 | enron stock , bonds receive more hits following warning
the wall street journal , 11 / 21 / 01
enron , vdeg may bid to export bulgarian electricity , paper says
bloomberg , 11 / 21 / 01
raymond james analyst cartwright comments on enron disclosure
bloomberg , 11 / 21 / 01
enron stock punishment deepens
debt woes cast pall over merger
houston chronicle , 11 / 21 / 01
watchdog group nixes request to probe enron audit woes
dow jones news service , 11 / 21 / 01
japan : enron mulls withdrawal from japan - jiji .
reuters english news service , 11 / 21 / 01
enron ' s stock falls nearly 23 percent amid concern about financial outlook
associated press newswires , 11 / 21 / 01
bleak outlook , trouble with customers drops enron stock nearly 23 percent
associated press newswires , 11 / 21 / 01
enron ' s trouble deepens
wall street journal , 11 / 21 / 01
front page - companies & markets - new fears over dynegy bid hit enron .
financial times , 11 / 21 / 01
enron share price falls 23 percent after news of quarterly earnings changes
krtbn knight - ridder tribune business news : houston chronicle - texas , 11 / 21 / 01
companies & finance the americas - enron suffers amid dynegy rescue concern .
financial times , 11 / 21 / 01
enron ' s growing financial crisis raises doubts about merger deal
the new york times , 11 / 21 / 01
enron ' s shares fall on debt concerns
los angeles times , 11 / 21 / 01
new doubts on enron ' s india investment
the new york times , 11 / 21 / 01
inside track
insider selling remained mild last month
the wall street journal , 11 / 21 / 01
enron sued for alleged pension fund endangerment
dow jones news service , 11 / 20 / 01
hagens berman announces class action lawsuit against enron
business wire , 11 / 20 / 01
usa : update 3 - debt fears spear enron , stock at decade low .
reuters english news service , 11 / 20 / 01
usa : corrected - accounts board to eye peer reviews amid enron furor .
reuters english news service , 11 / 20 / 01
enron ` s ongoing woes
cnnfn : markets impact , 11 / 20 / 01
enron ' s credit remains on negative watch , s & p says ( updatel )
bloomberg , 11 / 20 / 01
u . s . equity movers final : aradigm , creo , enron , espeed , ramtron
bloomberg , 11 / 20 / 01
enron faces limits on business with energy traders ( updatel )
bloomberg , 11 / 20 / 01
enron falls amid concern debt threatens dynegy bid ( update 7 )
bloomberg , 11 / 20 / 01
enron investor files suit to block company ' s sale to dynegy
bloomberg , 11 / 20 / 01
enron employee sues over alleged endangerment of 401 ( k ) funds
bloomberg , 11 / 20 / 01
cnnfn - street - sweep - 14
enron analysis , cnnfn
11 / 20 / 01
enron stock , bonds receive more hits following warning
by john r . emshwiller
staff reporter of the wall street journal
11 / 21 / 2001
the wall street journal
a 4
( copyright ( c ) 2001 , dow jones & company , inc . )
enron corp . ' s stock and bond prices took another beating after the energy company ' s release late monday of its much - anticipated third - quarter financial filing with the securities and exchange commission , which revealed potentially major new cash - flow and earnings headaches .
as of 4 p . m . in new york stock exchange composite trading yesterday , enron shares were at $ 6 . 991 , down $ 2 . 07 , or 23 % . enron once again topped the big board ' s most - active list with 89 . 9 million shares traded , more than twice the volume of the next most active stock .
enron bond prices fell into the range of between 70 cents and 80 cents on the dollar , according to market observers . following the announcement earlier this month of dynegy inc . ' s plan to purchase enron for around $ 10 billion in stock , bond prices had firmed to above 80 cents on the dollar .
yesterday , a dynegy spokesman wouldn ' t comment on the status of the pending acquisition , other than to say his company was reviewing enron ' s third - quarter financial report , filed with the sec , as part of continuing " due diligence . " under the proposed acquisition , dynegy would exchange 0 . 2685 of its shares for each enron share . based on dynegy ' s 4 p . m . price yesterday on the big board of $ 41 . 70 a share , off $ 1 . 90 , the deal values enron shares at about $ 11 . 20 - - well above the current market price .
monday ' s third - quarter financial report from enron , which supplemented and revised enron ' s earnings announcement last month , reinforced fears that the energy - trading company is in a " precarious financial position and will be for awhile , " said andre meade , head of u . s . utility research at commerzbank securities .
as reported in the wall street journal , enron ' s sec filing monday said that because of the company ' s deteriorated credit standing , it might have to repay a $ 690 million note by this coming monday . the filing also said enron might be forced to take a $ 700 million pretax charge to earnings in the current quarter , ending dec . 31 , due to a drop in value of some of its assets .
houston - based enron has been in deepening financial distress for the past month , since announcing big asset and shareholder - equity reductions in the third quarter . much of the turmoil has been caused by the company ' s dealings with partnerships headed by former enron officers , including its former chief financial officer . those dealings are the subject of a formal sec investigation .
enron ' s financial woes have also led to a " reduced level of transaction activity " with the company by trading partners , the sec filing said . how well , or poorly , enron ' s energy - trading volume holds up is " the million - dollar question , " said simmons & co . analyst jeff dietert . enron ' s trading operation has been the company ' s main profit engine and the major attraction for dynegy in the acquisition deal .
yesterday , other major energy - trading companies said they were still doing business with enron but were closely monitoring the firm ' s condition . standard & poor ' s ratings group also reaffirmed enron ' s credit ratings even though it said monday ' s sec filings " raise liquidity issues " for the company .
copyright ? 2000 dow jones & company , inc . all rights reserved .
enron , vdeg may bid to export bulgarian electricity , paper says
2001 - 11 - 21 03 : 40 ( new york )
sofia , nov . 21 ( bloomberg ) - - enron corp . , the largest energy
trader , seeks to export electricity from bulgaria to italy ,
dnevnik daily reported , citing unidentified sources from the state
energy agency .
enron , as well as two german companies , including vdeg , will
be invited to bid at a tender for the national electricity company
to select energy trading partners , the paper said . enron is being
bought by rival dynegy inc . for about $ 20 billion .
currently nec ead is the sole exporter of electricity from
bulgaria , which provides energy to most of its neighbors ,
including serbia , macedonia , montenegro , greece , kosovo , albania ,
and turkey . last year the country exported electricity worth $ 117
million to turkey alone .
opening the energy market to competition is part of the
requirements for bulgaria to join the european union . the
international monetary fund , which is expected to provide $ 150
million to bulgaria over the next year , also insisted on
reorganization of the energy industry .
raymond james analyst cartwright comments on enron disclosure
2001 - 11 - 21 07 : 45 ( new york )
new york , nov . 21 ( bloomberg ) - - jon kyle cartwright , a
senior vice president and senior energy analyst at raymond james &
associates inc . in st . petersburg , florida comments on the enron
corp . ' s disclosure that it may have to repay a $ 690 million note
next week following the downgrade of its credit ratings to the
lowest investment - grade level .
the houston - based energy trader made the disclosure in a
filing with the securities and exchange commission known as a
` ` 10 q ' ' on monday .
` ` i have to believe that dynegy knew about this , maybe not
when the deal was signed , but certainly before the 10 q was
published . there was wiggle room in the deal for both write downs ,
which effectively includes both the note and the potential write
down for whitewing . ' '
` ` there still appears to be enough liquidity to handle the
write offs and the $ 690 million limited partnership note . ' '
` ` over the short - run , the rest of this week , it is going to
be difficult for anyone to trade with enron , because they should
be generally concerned that neither enron nor dynegy has made
public comments on this 10 q . ' '
` ` if it is only for a few days , we ' re ok . as long as dynegy
doesn ' t pull out of this deal , we should be ok , and enron should
maintain its investment grade rating , and all the enron corp .
bonds should mature without incident . ' '
` ` hopefully the company will comment shortly . if there has
ever been a company that couldn ' t afford to disclose a time bomb
in a 10 q , it is enron . this should have been disclosed prior to
this . it added to the crisis of confidence . ' '
` ` we believe the company will be able to satisfy the $ 690
million note . it appears they should be able to do it from
existing liquidity . they could renegotiate the note and / or the
other bank facilities that would be jeopardized if they default on
the note . ' '
` ` even our buy recommendation on the enron notes is based on
our belief that dynegy ' s management is credible because enron ' s
lost all credibility with this disclosure . ' '
on the possibility that enron may be downgraded to junk ratings :
` ` nothing ' s too big to fail , and pg & e proved that . the core
business at enron is the trading operation , and it is difficult
for people to trade with any firm , particularly an energy trader ,
if there is any concern they won ' t be able to deliver on their
side of the trade . ' '
enron stock punishment deepens
debt woes cast pall over merger
by tom fowler
copyright 2001 houston chronicle
november 21 , 2001
the continuing stream of surprises from the depths of enron corp . ' s balance sheet is putting a strain on dynegy ' s plans to buy its beleaguered competitor , but analysts say the deal remains on track .
enron ' s share price dropped 23 percent tuesday to $ 6 . 99 after news the company had to restate its third - quarter earnings and would need to pay off or renegotiate a $ 690 million iou by monday .
the changes came just five days after enron executives told analysts in a conference call they believed most of the charges related to special financing partnerships had been disclosed .
" the fact that enron is still capable of pulling new rabbits out of their hat would make me think dynegy would question their future earnings even more , " said prudential securities analyst carol coale , referring to the big income benefit dynegy hopes to reap from the deal .
" but at this point dynegy says they ' re still going forward , so i still have a positive outlook on it closing . "
the $ 690 million note payable , which is related to a natural gas partnership in brazil , had been reported earlier . but the fact that it would come due almost immediately if the company ' s credit rating was downgraded to bbb - , which happened nov . 12 , was news to analysts and to dynegy .
enron spokesman mark palmer said the company has the cash on hand to pay the obligation but would like to have it restructured and extended . negotiations are under way to do so , he said .
the surprise surrounding the early deadline for the note was likely because of high turnover in enron ' s accounting department , said merrill lynch analyst donato eassey in a report tuesday , but he believes the debt was taken into account by dynegy in merger negotiations .
" the latest twists , while negative , are not however likely to turn into a tornado and are not deal - breakers in our opinion , " eassey said . " at the level enron is being purchased , dynegy had clearly baked - in these types of uncertainties into its purchase price . "
enron is also feeling pressure because some of its energy trading partners are either cutting back on the amount of business they do with the company or keeping close watch of enron ' s credit rating . officials with mirant corp . and aquila said they have cut back on trading while houston - based reliant resources is watching the situation carefully .
" we ' re being cautious , monitoring our position with them very closely , " said joe bob perkins , president of reliant resources ' wholesale business . " but i don ' t think that today feels significantly different than it felt a week ago . "
perkins said reliant officials read enron ' s 10 - q filing .
" the questions we had about that we addressed with enron , " perkins said .
he said the fuss over the 10 - q seemed to be coming more from the press than the energy trading industry and said any slowdown in overall trading in the market may have more to do with the season than problems at enron .
" it looks more like the preholiday norm than anything fundamentally different because of enron , " perkins said .
that doesn ' t mean analysts are resting easy . commerzbank securities analyst andre meade said in a report that although the 10 - q sheds more light on enron finances , the information continues to be released piecemeal , making it likely more surprises are in store .
" overall we believe the filing clearly shows that enron remains in a precarious financial position , and its status as a going concern is much in doubt , " meade said .
enron has about $ 1 . 5 billion in cash and about $ 3 billion in recently negotiated revolving credit lines , as well as $ 800 million in asset sales pending and another $ 500 million to $ 1 billion in equity investment expected soon . that could disappear in a hurry , however , if the company ' s credit rating drops one notch to below - investment grade . that would trigger several partnership contracts that would force the company to repay or refinance up to $ 4 billion in debt .
credit rating agency standard & poor ' s said tuesday it was maintaining enron ' s rating , but prudential ' s coale is concerned .
" the real crisis is in six months , when almost $ 4 billion in debt is expected to mature , " she said . " it ' s not fatalistic , but it is dire . "
watchdog group nixes request to probe enron audit woes
by judith burns
of dow jones newswires
11 / 21 / 2001
dow jones news service
( copyright ( c ) 2001 , dow jones judith . burns @ dowjones . com
copyright ? 2000 dow jones & company , inc . all rights reserved .
japan : enron mulls withdrawal from japan - jiji .
11 / 21 / 2001
reuters english news service
( c ) reuters limited 2001 .
tokyo , nov 21 ( reuters ) - u . s . energy giant enron corp , which has seen its share price fall to a decade low , is considering withdrawing from the japanese market , jiji news agency said on wednesday .
jiji , citing informed sources , said the enron group hopes to sell its business in japan to investment banks or trading firms , which are planning to enter the energy business .
officials at enron corp in japan could not immediately be reached for comment .
enron japan formally opened its tokyo office in october 2000 .
in its 2000 annual report , it said it was developing wholesale and joint venture possibilities in japan , and had introduced a product for large electricity users in the form of three - to five - year contracts that aimed to reduce electricity bills by up to 10 percent in the first year .
it said in the report that its first contracts were signed in early 2001 .
shares of enron closed down 22 . 8 percent at $ 6 . 99 on the new york stock exchange on tuesday , after touching $ 6 . 55 during the day - a low not seen since may 1991 .
enron , the largest energy trader in the united states , had warned on monday that it could be forced to pay a $ 690 million debt by next week and reduced its already - abysmal third - quarter earnings .
copyright ? 2000 dow jones & company , inc . all rights reserved .
enron ' s stock falls nearly 23 percent amid concern about financial outlook
by juan a . lozano
associated press writer
11 / 21 / 2001
associated press newswires
copyright 2001 . the associated press . all rights reserved .
houston ( ap ) - enron corp . ' s stock plummeted to its lowest level in almost a decade amid concerns about the energy company ' s growing financial problems - heightening worries that its planned acquisition by dynegy inc . might fall through .
enron ' s shares tumbled $ 2 . 07 , or 23 percent , to $ 6 . 99 on the new york stock exchange on tuesday - its lowest close since early 1992 . earlier this month , energy marketer dynegy announced that it would buy enron - its larger rival - in a stock deal that was valued at $ 8 billion .
andre meade , head of the u . s . utility research for commerzbank securities , said he doesn ' t know if dynegy is willing to take on enron ' s headaches if the value of its core business - energy trading - is reduced or collapses .
" the bid by dynegy gave ( enron ) breathing space but it did not solve all their problems , " meade said .
but duane grubert , an analyst with sanford c . bernstein and co . , said , " dynegy will do what it needs to make sure the deal will prevail . "
officials with enron and dynegy , both houston - based , said reports of trading problems were incorrect and the merger was not in trouble .
" we continue to do business with enron . we are one of their largest customers and they are one of our largest customers , " dynegy spokesman john sousa said .
late monday , enron filed restated third - quarter earnings that increased its loss for the period by 3 cents a share to 87 cents . the company also disclosed it is trying to restructure a $ 690 million obligation that could come due nov . 27 .
enron spokeswoman karen denne said the company has received verbal indications it will be given more time to pay off the debt .
adding to enron ' s financial woes are reports that for several weeks companies have limited buying and selling future deliveries of power and natural gas for fear they won ' t be paid . that could leave enron unable to do business .
" it ' s obvious that they remain in a pretty precarious position and things have evolved in a declining and worsening path , " said charlie sanchez , energy markets manager for gelber & associates , a houston - based energy trading firm .
denne said reports that enron was having trouble buying from energy traders were " erroneous . "
" we ' ve seen no recognizable change in the number of customers , " she said . " our transaction volume is within the normal range . "
enron agreed to be bought by dynegy after its stock price plunged about 80 percent in the weeks after disclosing a $ 1 . 2 billion reduction in shareholder equity related to partnerships run by company officers . the arrangements allowed enron to keep about half a billion dollars in debt off its books .
those partnerships are now under investigation by the sec .
earlier this month , enron said it overstated earnings between 1997 and the first half of 2001 by $ 586 million and revised its debt upward by $ 628 million .
- - -
on the net :
enron : http : / / www . enron . com
dynegy : http : / / www . dynegy . com
copyright ? 2000 dow jones & company , inc . all rights reserved .
bleak outlook , trouble with customers drops enron stock nearly 23 percent
by juan a . lozano
associated press writer
11 / 21 / 2001
associated press newswires
copyright 2001 . the associated press . all rights reserved .
houston ( ap ) - concerns about enron corp . ' s ability to weather its spiraling financial problems sent the company ' s stock down nearly 23 percent to its lowest level in nearly 10 years .
the shares on tuesday tumbled dlrs 2 . 07 to dlrs 6 . 99 on the new york stock exchange - the lowest since the shares closed at dlrs 7 . 72 in feb . 6 , 1992 - a day after the company disclosed that it might have to pay a dlrs 690 million debt by next week and amid reports that energy companies weren ' t selling it power and natural gas for fear they won ' t be paid .
analysts were mixed on whether enron can survive its latest financial storm and if the dlrs 10 . 5 billion merger between enron and its rival dynegy inc . - expected to conclude by next summer - will fall apart .
andre meade , head of the u . s . utility research for commerzbank securities , said he doesn ' t know if dynegy is willing to take on enron ' s headaches if the value of its core business - energy trading - is reduced or collapses .
" the bid by dynegy gave ( enron ) breathing space but it did not solve all their problems , " meade said .
but duane grubert , an analyst with sanford c . bernstein and co . , said , " dynegy will do what it needs to make sure the deal will prevail , which still looks attractive to them . "
officials with enron and dynegy , both houston - based , said reports of problems with energy trading were incorrect and the merger was not in trouble .
john sousa , dynegy spokesman , said dynegy will stick with its dlrs 8 . 7 billion buyout plan .
" we continue to do business with enron . we are one of their largest customers and they are one of our largest customers , " sousa said .
late monday , enron filed restated third - quarter earnings with the securities and exchange commission that increased its loss for the period by 3 cents a share to 87 cents .
the company also disclosed it is trying to restructure a dlrs 690 million obligation that could come due nov . 27 .
adding to enron ' s financial woes are reports by dow jones news service that for several weeks , companies have limited buying and selling future deliveries of power and natural gas for fear they won ' t be paid . that could leave enron unable to do business .
" it ' s obvious that they remain in a pretty precarious position and things have evolved in a declining and worsening path , " said charlie sanchez , energy markets manager for gelber & associates , a houston - based energy trading firm . " i think that there is little in terms of what could renew confidence in any trading . "
enron spokesman karen denne said reports that enron was having trouble buying from energy traders were " erroneous . "
" we ' ve seen no recognizable change in the number of customers , " she said . " our transaction volume is within the normal range . "
denne said the company has received verbal indications it will be given more time to pay off the dlrs 690 million debt that could be due next week .
standard & poor ' s corp . on tuesday said it continued to monitor enron ' s credit rating for possible downgrade , which would put enron ' s debt in " junk " status territory , making it harder and more expensive to borrow money .
- - -
on the net :
http : / / www . enron . com
http : / / www . dynegy . com
copyright ? 2000 dow jones & company , inc . all rights reserved .
report on business : the wall street journal
enron ' s trouble deepens
john r . emshwiller
wall street journal
11 / 21 / 2001
the globe and mail
metro
bl 2
" all material copyright ( c ) bell globemedia publishing inc . and its licensors . all rights reserved . "
enron corp . ' s stock and bond prices took another beating following the huge energy company ' s release late monday of its much - anticipated third - quarter financial filing with the u . s . securities and exchange commission , which revealed potentially major new cash flow and earnings headaches .
in 4 p . m . composite trading on the new york stock exchange yesterday , enron shares were at $ 6 . 99 ( u . s . ) a share , down $ 2 . 07 or 23 per cent . enron once again topped the big board ' s most - active list with 89 . 9 million shares traded , more than twice the volume of the next most active stock .
enron bond prices fell into the range of between 70 and 80 cents on the dollar , according to market observers . following the announcement earlier this month of dynegy inc . ' s plan to purchase enron for around $ 10 - billion in stock , bond prices had firmed to above 80 cents on the dollar .
yesterday , a dynegy spokesman wouldn ' t comment on the status of the pending acquisition , other than to say his company was reviewing enron ' s third - quarter financial report , filed with the sec , as part of continuing " due diligence . " under the proposed acquisition , dynegy would exchange 0 . 2685 of its shares for each enron share . based on dynegy ' s 4 p . m . price yesterday of $ 41 . 70 a share , off $ 1 . 90 , the deal values enron shares at about $ 11 . 20 - - well above the current market price .
monday ' s third - quarter financial report from enron , which supplemented and revised enron ' s earnings announcement last month , reinforced fears that the energy - trading company is " in precarious financial position and will be for awhile , " said andre meade , head of u . s . utility research at commerzbank securities .
enron ' s sec filing said that because of the company ' s deteriorated credit standing it might have to come up with $ 690 - million later his month to honour a collateral call on a note outstanding . the filing also said enron might be forced to take a $ 700 - million pretax charge to earnings in the current quarter , ending dec . 31 , due to a drop in value of some of its assets .
houston - based enron has been in deepening financial distress for the past month , since announcing big asset and shareholder equity reductions in the third quarter . much of the turmoil has been caused by the company ' s dealings with partnerships headed by former enron officers , including its former chief financial officer . those dealings part of a formal sec investigation .
how well , or poorly , enron ' s energy trading volume holds up is " the million - dollar question , " said simmons & co . analyst jeff dietert .
copyright ? 2000 dow jones & company , inc . all rights reserved .
front page - companies & markets - new fears over dynegy bid hit enron .
by robert clow , andrew hill and sheila mcnulty .
11 / 21 / 2001
financial times
( c ) 2001 financial times limited . all rights reserved
fears that dynegy may not be able to complete its rescue bid for enron in time to save the rival energy group hit enron ' s shares and bonds yesterday , as investors limited their exposure ahead of tomorrow ' s thanksgiving holiday .
the stock fell 23 per cent , or $ 2 . 07 , to close at $ 6 . 99 in new york after enron disclosed in a regulatory filing in which the group said it would have to repay $ 9 . 15 bn of debt by the end of next year .
" the filing shows , in our view , enron remains in a pretty precarious position . . . i am not convinced enron can raise enough money to fill those obligations prior to the close with dynegy , " said andre meade , an analyst with commerzbank securities .
growing doubts about the chances of the $ 9 . 6 bn deal going through have widened the spread between the enron share price and the value of dynegy ' s all - stock bid .
by the close in new york yesterday enron ' s shares were trading at a discount of 38 per cent to the offer .
dynegy would say only that the filing was an " important step " in the due diligence process it is carrying out .
enron warned in monday ' s filing that last week ' s credit rating downgrade by standard & poor ' s would trigger the repayment on november 27 of a $ 690 m note , unless it posted collateral . enron is talking to its lenders to avoid , or delay , repayment .
s & p said yesterday it believed enron ' s net available cash of $ 1 . 5 bn , plus an expected $ 500 m of additional private equity and $ 800 m of asset sale proceeds , would be enough to carry it through to completion of the dynegy takeover . but the agency kept the company on a negative " creditwatch " - meaning its rating could still be cut to junk . merrill lynch estimated that enron had burnt through $ 5 bn of cash in just 50 days .
officials from dynegy and enron have estimated that it could take six to nine months for the takeover to be approved .
if enron fails , it would have grave repercussions for the energy and financial markets .
" enron is essentially insolvent without dynegy , so it needs the deal to go through , " said curt launer , an analyst with credit suisse first boston , who believes there is still a 90 per cent chance of the dynegy deal succeeding .
the company ' s bonds traded as low as 50 cents on the dollar yesterday although a distressed investor , wilbur ross - who runs wl ross & co - said that his firm was buying the bonds because the market had overreacted . additional reporting by robert clow avenue of the americas , page 13 www . ft . com / enron .
( c ) copyright financial times ltd . all rights reserved .
http : / / www . ft . com .
copyright ? 2000 dow jones source : world reporter ( tm )
the continuing stream of surprises from the depths of enron corp . ' s balance sheet is putting a strain on dynegy ' s plans to buy its beleaguered competitor , but analysts say the deal remains on track .
enron ' s share price dropped 23 percent tuesday to $ 6 . 99 after news the company had to restate its third - quarter earnings and would need to pay off or renegotiate a $ 690 million iou by monday .
the changes came just five days after enron executives told analysts in a conference call they believed most of the charges related to special financing partnerships had been disclosed .
" the fact that enron is still capable of pulling new rabbits out of their hat would make me think dynegy would question their future earnings even more , " said prudential securities analyst carol coale , referring to the big income benefit dynegy hopes to reap from the deal .
" but at this point dynegy says they ' re still going forward , so i still have a positive outlook on it closing . "
the $ 690 million note payable , which is related to a natural gas partnership in brazil , had been reported earlier . but the fact that it would come due almost immediately if the company ' s credit rating was downgraded to bbb - , which happened nov . 12 , was news to analysts and to dynegy .
enron spokesman mark palmer said the company has the cash on hand to pay the obligation but would like to have it restructured and extended . negotiations are under way to do so , he said .
the surprise surrounding the early deadline for the note was likely because of high turnover in enron ' s accounting department , said merrill lynch analyst donato eassey in a report tuesday , but he believes the debt was taken into account by dynegy in merger negotiations .
" the latest twists , while negative , are not however likely to turn into a tornado and are not deal - breakers in our opinion , " eassey said . " at the level enron is being purchased , dynegy had clearly baked - in these types of uncertainties into its purchase price . "
enron is also feeling pressure because some of its energy trading partners are either cutting back on the amount of business they do with the company or keeping close watch of enron ' s credit rating . officials with mirant corp . and aquila said they have cut back on trading while houston - based reliant resources is watching the situation carefully .
" we ' re being cautious , monitoring our position with them very closely , " said joe bob perkins , president of reliant resources ' wholesale business . " but i don ' t think that today feels significantly different than it felt a week ago . "
perkins said reliant officials read enron ' s 10 - q filing .
" the questions we had about that we addressed with enron , " perkins said .
he said the fuss over the 10 - q seemed to be coming more from the press than the energy trading industry and said any slowdown in overall trading in the market may have more to do with the season than problems at enron .
" it looks more like the preholiday norm than anything fundamentally different because of enron , " perkins said .
that doesn ' t mean analysts are resting easy . commerzbank securities analyst andre meade said in a report that although the 10 - q sheds more light on enron finances , the information continues to be released piecemeal , making it likely more surprises are in store .
" overall we believe the filing clearly shows that enron remains in a precarious financial position , and its status as a going concern is much in doubt , " meade said .
enron has about $ 1 . 5 billion in cash and about $ 3 billion in recently negotiated revolving credit lines , as well as $ 800 million in asset sales pending and another $ 500 million to $ 1 billion in equity investment expected soon . that could disappear in a hurry , however , if the company ' s credit rating drops one notch to below - investment grade . that would trigger several partnership contracts that would force the company to repay or refinance up to $ 4 billion in debt .
credit rating agency standard & poor ' s said tuesday it was maintaining enron ' s rating , but prudential ' s coale is concerned .
" the real crisis is in six months , when almost $ 4 billion in debt is expected to mature , " she said . " it ' s not fatalistic , but it is dire . "
- - chronicle reporter laura goldberg and bloomberg news contributed to this story .
copyright ? 2000 dow jones & company , inc . all rights reserved .
companies & finance the americas - enron suffers amid dynegy rescue concern .
by andrew hill and sheila mcnulty .
11 / 21 / 2001
financial times
( c ) 2001 financial times limited . all rights reserved
concern that dynegy may not be able to complete its rescue bid for enron in time to save the debt - laden energy group hit enron ' s shares yesterday .
the stock fell 14 per cent in morning trading in new york following a regulatory filing in which the group said it would have to repay $ 9 . 15 bn of debt by the end of next year .
" the filing shows , in our view , enron remains in a pretty precarious position . . . i am not convinced enron can raise enough money to fill those obligations prior to the close with dynegy , " said andre meade , an analyst with commerzbank securities .
growing doubts about the chances of the $ 10 bn deal going through have widened the spread between the enron share price and the value of dynegy ' s all - stock bid .
by lunchtime yesterday , enron ' s shares were trading at a discount of 33 per cent to the offer .
in the filing , published late on monday , enron also warned that last week ' s credit - rating downgrade by standard & poor ' s would trigger the repayment on november 27 of a $ 690 m note , unless it posted collateral .
enron had $ 1 . 2 bn of cash managed by its corporate treasury department on november 16 and unused credit lines of $ 103 m but the group wants to renegotiate the terms of the note with lenders to avoid , or delay , repayment .
officials from dynegy and enron have estimated that it could take six to nine months for the takeover to be approved , and some people close to the regulators say the complexity of the deal may demand a longer review .
ralph pellecchia , analyst with fitch , the credit rating agency , said yesterday : " if they ( enron ) can make it through the interim period , then ( the combined group ) will be much stronger than enron on a stand - alone basis . "
one big company that trades with enron in the power and gas markets said yesterday that it would reassess its exposure to the houston - based group . some counterparties have already limited their exposure amid fears that if enron fails there would be grave repercussions for the energy and financial markets .
" enron is essentially insolvent without dynegy , so it needs the deal to go through , " said curt launer , an analyst with credit suisse first boston , who believes there is still a 90 per cent chance of the dynegy deal succeeding .
" the most important thing enron could do now is sustain its trading operations .
" if that is not sustained , that creates a material adverse condition ( allowing dynegy to pull out ) , " added john olson of sanders morris harris , an investment banking and securities firm . www . ft . com / enron .
( c ) copyright financial times ltd . all rights reserved .
http : / / www . ft . com .
copyright ? 2000 dow jones section a
enron ' s growing financial crisis raises doubts about merger deal
by richard a . oppel jr .
11 / 21 / 2001
the new york times
page 1 , column 1
c . 2001 new york times company
shares of enron plunged 23 percent yesterday as expectations grew in the stock and bond markets that dynegy would either back out of its deal to rescue the company or seek to renegotiate terms of their merger .
wall street analysts said top officials of both companies had not known until the last few days that a recent downgrading of enron ' s credit meant that it would face a $ 690 million loan payment next week unless it could come up with collateral . enron ' s disclosure of the obligation late on monday - - along with new numbers about the extent of its cash squeeze - - raised fresh doubts among investors about enron ' s financial controls and credibility , they said .
other trading companies , worried about being paid as enron ' s financial picture has darkened , continued yesterday to limit their exposure to the company , which has been the nation ' s biggest energy trader . analysts also expressed concern about the rate at which enron appeared to be burning through cash .
yesterday evening , karen denne , a spokeswoman for enron , which is based in houston , said the company had obtained ' ' verbal indications ' ' from lenders that they would extend the time enron had to repay the $ 690 million debt . details of the extension - - including how long it would last - - were still being worked out , she said . the payment had been due next tuesday .
an executive close to the talks said that bankers could ' ' see a light at the end of the tunnel ' ' for enron , in the form of the deal with dynegy , and so had an incentive to roll over the loan .
dynegy , also based in houston , declined to comment about details of enron ' s disclosures , which came in a delayed report by the company - - a so - called 10 q filing with the securities and exchange commission - - of its third - quarter results .
just a week ago , dynegy ' s chief executive , chuck watson , reassured investors that enron ' s business was strong and that a $ 1 . 5 billion cash infusion by chevrontexaco , dynegy ' s biggest investor , would calm the market ' s jitters .
dynegy was less impassioned yesterday . a spokesman , john sousa , said that ' ' to the best of my knowledge , there have been no changes ' ' in the merger plans .
he added , ' ' we are in due diligence , and the 10 q is an important part of due diligence , ' ' he said . due diligence refers to a company ' s thorough review of the financial and commercial soundness of a pending deal .
the merger deal , announced on nov . 9 , allows dynegy to back out of the transaction should there be a ' ' material adverse change ' ' in circumstances .
enron shares fell $ 2 . 07 , to $ 6 . 99 , in trading yesterday ; dynegy shares fell 4 . 4 percent , or $ 1 . 90 , to $ 41 . 70 .
those stock prices suggest widespread investor skepticism that the deal will go through under the current terms , which call for each enron share to be exchanged for 0 . 2685 share of dynegy . at yesterday ' s prices , dynegy would be paying a 60 percent premium for enron .
a year ago , enron ' s stock market valuation topped $ 60 billion , and the company was considered the smartest and most fearsome company in the electricity and natural gas industries . its chief executive , kenneth l . lay , was a key backer and confidante of president george w . bush ; its name was hoisted above houston ' s new baseball stadium , enron field .
but enron ' s shares have slid 92 percent from their peak , dropping its valuation to $ 5 . 2 billion , with a series of unwelcome disclosures in the last month - - including the admission that it has overstated profits by almost $ 600 million since 1997 .
now , some analysts and executives at rival energy trading companies say enron faces collapse if the merger with dynegy , a much smaller company , falls apart .
' ' if enron is out there standing on its own , i don ' t think that ' s sustainable , ' ' said a senior executive of one of enron ' s largest energy - trading competitors .
besides dynegy ' s continued commitment to the merger , analysts and industry executives said the most crucial issue for enron was restoring the confidence of investors and trading partners in its financial health .
the restatement of earnings two weeks ago and other disclosures about complex dealings with partnerships , some of them run by enron ' s former chief financial officer , had prompted the major credit - rating agencies to rate enron ' s bond ' s at the lowest investment - grade level .
' ' if the rating agencies take them below investment grade , they can ' t do business anymore , ' ' the rival executive said yesterday . ' ' that ' s become almost conventional wisdom . ' ' another downgrade could force enron to pay or refinance up to $ 3 . 9 billion in debt , and it could prompt other energy traders to halt dealings with the company entirely .
in fact , standard & poor ' s , one of the major credit - rating agencies , gave enron something of a vote of confidence yesterday . while it will continue to review the company for a potential downgrade , s . & p . said , it expects enron ' s near - term financial health ' ' to be sufficient to carry the company through the completion of its proposed merger with dynegy . ' '
s . & p . noted that enron was continuing to negotiate with major banks and other institutions for an infusion of $ 500 million or more in new equity and that enron executives still believed that the company would complete the sale of $ 800 million in assets by the end of the year , raising badly needed cash .
major energy trading companies continued to limit their exposure to enron and carefully watch the company ' s financial condition . officials at the el paso corporation and reliant energy , two large energy traders in houston , said yesterday that they continued to do business with enron .
but others have pulled back . mirant , a large electricity generator and trader in atlanta , is ' ' trading on a very limited basis , and we don ' t expect to broaden that until enron ' s credit situation improves , ' ' a spokesman said .
executives at two other companies that rank among the nation ' s largest traders but who spoke on condition their companies not be identified , also said they had scaled back trading . one of those companies was selling natural gas and electricity to enron only in cases in which the sales helped balance its account with enron , an executive said .
' ' we ' re trying to do business that offsets our risk , ' ' the executive said .
ms . denne , the enron spokeswoman , said the company ' s ' ' transaction volume remains within the normal range , ' ' adding that there was ' ' no recognizable change ' ' yesterday in the number of companies willing to trade with enron .
' ' no one significant has dropped off , ' ' she said .
analysts said enron ' s disclosures late on monday indicated that the company was using up cash more rapidly than had previously been thought . most of the $ 5 . 5 billion that the company has taken in through equity infusions and borrowings the last month has already been depleted .
' ' the cash burn is greater than anticipated , ' ' said carol coale , an analyst with prudential securities in houston . ' ' they are in obvious need of cash . ' ' she estimated that by next summer , enron could be $ 2 billion short of the cash it would need to meet its obligations .
ms . coale noted that the $ 690 million obligation whose disclosure shook the markets yesterday was set off by a credit downgrade on nov . 12 - - two days before a conference call with investors . when she asked an enron official yesterday why the matter was not disclosed in the call , ms . coale said , she was told , ' ' we weren ' t aware of that contingency at the time of that call . ' '
donato j . eassey , an analyst in houston with merrill lynch , said in a report that dynegy , too , was unaware of the obligation . he calculated that enron had exhausted about $ 5 billion in cash the last 50 days .
ms . denne , the enron spokeswoman , said that the company had paid off $ 1 . 9 billion in short - term i . o . u . ' s , used more than $ 1 billion to post deposits with its trading partners and spent $ 800 million to $ 1 billion to pay off or refinance other loans .
the company has about $ 1 . 2 billion in cash , she said , not including $ 450 million from a new line of credit that closed this week and a separate credit line with $ 103 million remaining .
jitters about enron ' s future extended to the debt market , where prices for the company ' s bonds fell sharply yesterday . enron ' s short - term bonds fell 5 points , to about 80 cents for each dollar of face value , according to traders in distressed securities . its longer - term debt , maturing in 2004 or later , dropped 10 points , to around 60 cents on the dollar . enron ' s bank debt has not traded recently , these traders said .
copyright ? 2000 dow jones financial desk
enron ' s shares fall on debt concerns
from times staff and wire reports
11 / 21 / 2001
los angeles times
home edition
c - 1
copyright 2001 / the times mirror company
houston - - the latest negative disclosures from enron corp . on tuesday pulled its shares down 23 % to a level significantly below the price dynegy inc . had agreed to pay for the beleaguered energy giant , raising concerns that the planned takeover could fall apart or be renegotiated .
shares of enron fell $ 2 . 07 to close at $ 6 . 99 on the new york stock exchange after earlier touching $ 6 . 55 - - a low not seen since may 1991 - - on the company ' s report monday of new debt problems and an earnings revision .
" it ' s become more clear that the chances of this deal going through aren ' t 90 % , but much closer to 50 - 50 , " edward paik , who helps manage the liberty utilities fund , with 1 . 6 million enron shares , told bloomberg news .
meanwhile , credit rating agency standard
copyright ? 2000 dow jones section w
new doubts on enron ' s india investment
by saritha rai
11 / 21 / 2001
the new york times
page 1 , column 3
c . 2001 new york times company
bangalore , india , nov . 20 - - the fate of the single largest foreign investment in india , the $ 2 . 9 billion dabhol power project , has been thrown into new uncertainty by the financial meltdown and pending takeover of its majority owner , the enron corporation of the united states .
dynegy , the smaller rival that has agreed to acquire the once - mighty enron , has said it will focus narrowly on enron ' s core energy trading and pipeline businesses and sell other assets . enron ' s 70 percent stake in dabhol is high on the sales list .
but the company ' s bargaining leverage , already eroded by a bitter , ruinous dispute with the project ' s only customer , is weaker than ever . ' ' now that the sale of dabhol is a certainty , the aggressive enron may be forced to adopt a pragmatic approach during the negotiations , ' ' said k . ravi , a utility analyst with the consulting firm of frost & sullivan .
dabhol power ' s 2 , 184 megawatts of generating capacity was the showpiece of an economic liberalization drive in the early 1990 ' s . but enron has had repeated conflicts with politicians and environmentalists over the project . earlier this year , the maharashtra state utility , which has a contract to buy all of dabhol ' s output , complained that the prices were too high and stopped paying its bills , running up $ 64 million in arrears before the power was cut off and the plant shut down .
enron raised the stakes in the dispute by serving notice that it would terminate the contract and pull out of the project . but a group of indian state - owned banks and financial institutions , with $ 1 . 4 billion committed to the project , countered with challenges to asset sales by dabhol and with other legal obstacles . earlier this month , a court ordered dabhol not to send the utility a final termination notice until dec . 3 .
initially enron adopted a tough posture over the sale of dabhol . kenneth l . lay , enron ' s chairman and chief executive and a close friend of president bush , was quoted as saying that india would have to face economic sanctions if the government did not create a favorable climate for the sale of enron ' s stake .
but enron now will find little lobbying traction in either washington or new delhi , and the coalition - building diplomacy of the war in afghanistan makes it unlikely that the bush administration would agree to press india on enron ' s behalf .
in september , the asking price for enron ' s stake in dabhol power was said to be over $ 1 billion . but the two serious indian bidders - - tata power and bses , both privately owned utilities backed by major industrial concerns here - - are reportedly willing to pay only about half that .
if the lenders and prospective buyers adopt a take - it - or - leave - it line , enron may have little choice but to accept their offer and swallow a huge loss on a controversial project that once gleamed with promise . ' ' it is bound to be a distress sale , ' ' one bank official said .
photo : a pier under construction earlier this year at the dabhol power project south of bombay . the troubled enron corporation is trying to sell its majority stake in dabhol , the single largest foreign investment in india . ( associated press )
copyright ? 2000 dow jones & company , inc . all rights reserved .
inside track
insider selling remained mild last month
by cassell bryan - low
staff reporter of the wall street journal
11 / 21 / 2001
the wall street journal
cl 3
( copyright ( c ) 2001 , dow jones & company , inc . )
insider sentiment remained relatively bullish for the second month in a row .
the volume of selling by corporate insiders of their companies ' own shares remained light in october , having been robust for the first eight months of this year , according to thomson financial / lancer analytics , which aggregates insider - trading data . last month ' s ratio of sellers to buyers , ranked by dollar value , was $ 12 sold for every dollar bought , in line with the five - year average . the ratio had peaked at 34 : 1 in may .
sales by insiders typically outweigh purchases , largely because so much corporate compensation these days is in the form of stock and options .
the ratio in september dipped as low as 3 : 1 , the lowest , or most bullish , since the firm began tracking the data in 1996 . insider data watchers attribute that to sharply lower valuations following the sept . 11 terrorist attacks - - which both prompted buying and discouraged sales . lon gerber , lancer analytics ' director of research , also speculates that there could have been an element of patriotism , in that insiders " didn ' t feel right selling " into that post - attack market plunge .
while less bullish than september ' s signals , mr . gerber says it is encouraging that insiders " are not looking immediately to take profits from the bounce we ' ve had " in the market .
insider data analysts , however , will be keeping a close eye on the november numbers to see if that trend holds . one explanation for the relatively light selling in october could be company restrictions on insider transactions ahead of third - quarter earnings reports . " in light of that , " said mr . gerber , " we would expect to see a bit of an increase in sales on november . " he adds that sales typically drop again in december as people opt to wait another month so they can defer capital gains for another year .
in terms of overall purchases , " insiders are obviously finding fewer bargains after this nice market surge , " says jonathan moreland , director of research at newsletter insiderinsights . com .
still , he says there are a few sectors where insiders have been indicating they see value in their own shares . among those , he says , are independent power producers , such as aes corp . and nrg energy inc . , which he expects will benefit from the need for new energy plants .
he also points to lending institutions household international inc . and metris cos . , which because of their sensitivity to interest - rate moves have suffered on fears of a recession , says mr . moreland . but they are likely to " benefit from the lower interest rates and an economy which will likely strengthen in the next year . "
- - -
power purchase : five executives at dynegy inc . - - the houston - based energy trading and power company that earlier this month announced plans to buy enron corp . , its beleaguered hometown rival - - spent more than $ 1 million purchasing their own company shares from sept . 24 through oct . 4 .
most recently , r . blake young , dynegy ' s president of global technology , bought 15 , 000 shares on oct . 4 valued at $ 597 , 750 , increasing his direct holdings to 18 , 000 shares , which excludes options . directors sheli rosenberg and joe stewart picked up 2 , 800 and 1 , 000 , respectively , on oct . 1 . after the transactions , mr . rosenberg reported ownership of 11 , 391 shares and mr . stewart of 7 , 657 shares . at the end of september , hugh tarpley , president of strategic investment , made his first open - market purchase of 7 , 500 shares and director jerry l . johnson increased his holdings by 500 shares to 1 , 073 .
the purchases all were made before dynegy started negotiations with enron on oct . 24 , said company spokeswoman jennifer rosser . the merger was announced on nov . 9 . she added that company insiders bought the shares " because they have confidence in dynegy stock and felt like it was an opportunity to purchase shares at a good price . " dynegy shares had plunged in the weeks following the sept . 11 attacks , and were down 16 % by the time insiders began buying shares at between $ 33 . 17 and $ 39 . 85 each . the stock has since rebounded , and was at $ 41 . 70 in 4 p . m . new york stock exchange composite trading .
copyright ? 2000 dow jones & company , inc . all rights reserved .
enron sued for alleged pension fund endangerment
11 / 20 / 2001
dow jones news service
( copyright ( c ) 2001 , dow jones & company , inc . )
houston - ( dow jones ) - a lawsuit seeking class - action status was filed against enron corp . ( ene ) on behalf of enron employees participating in the energy company ' s stock plan .
in a press release tuesday , law firm hagens berman said the complaint alleges that enron retirement plan managers " withheld crucial information " on the risks of enron stock .
enron officials weren ' t immediately available for comment late tuesday .
according to the law firm , enron " locked down " employee 401 ( k ) accounts on oct . 17 , preventing employees from moving investments out of enron shares .
on oct . 16 , enron reported a third quarter loss of $ 618 million , or 84 cents a share , including a $ 1 . 01 billion charge for impaired assets at its azurix corp . unit and other investment losses . however , when the company filed its form 10 - q monday , it said the third quarter loss was three cents a share wider than previously stated , due to adjustments after the end of the quarter .
enron ' s sec filing said that because of the company ' s deteriorated credit standing , it might have to repay a $ 690 million note by next monday . the filing also said enron might be forced to take a $ 700 million pretax charge in the current quarter , due to a drop in value of some of its assets .
the company has been in deepening financial distress for the past month . much of the turmoil has been caused by the company ' s dealings with partnerships headed by former enron officers , including its former chief financial officer . those dealings are the subject of a formal sec investigation .
many energy trading companies were unwilling to sell power and natural gas for next day delivery to enron on tuesday morning due to heightened credit concerns , traders and other sources said .
hagens berman said the suit seeks to represent up to 21 , 000 employees who invested in the enron stock plan between jan . 20 , 1998 , and tuesday .
other shareholder lawsuits have been filed against enron , and some pension funds have considered suing the company .
enron shares closed tuesday at $ 6 . 99 , down $ 2 . 07 or 22 . 85 % .
on nov . 9 , dynegy inc . ( dyn ) confirmed that it agreed to buy enron in a stock swap initially valued at about $ 7 . 8 billion .
company web site http : / / www . enron . com
copyright ? 2000 dow jones louisiana pacific siding ; morrison knudsen ; piper jaffray ; nordstrom ; boston chicken ; and noah ' s bagels .
contact : hagens berman steve berman , 206 / 224 - 9320 steve @ hagens - berman or karl barth , 206 / 224 - 9362 karl @ hagens - berman . com or firmani & associates jeremy mackie , 206 / 443 - 9357 jeremy @ firmani . com
18 : 49 est november 20 , 2001
copyright ? 2000 dow jones & company , inc . all rights reserved .
usa : update 3 - debt fears spear enron , stock at decade low .
by c . bryson hull
11 / 20 / 2001
reuters english news service
( c ) reuters limited 2001 .
houston , nov 20 ( reuters ) - the latest negative disclosures from enron corp . on tuesday speared its stock price , which crashed to a decade low after new debt problems and an earnings revision emerged a day earlier .
shares of enron closed down $ 2 . 07 , or 22 . 8 percent , at $ 6 . 99 on the new york stock exchange , after touching $ 6 . 55 during the day - a low not seen since may 1991 .
enron was far and away the day ' s most active stock , with more than 62 . 8 million shares changing hands . volume was more than double the second most active issue , xerox corp . .
meanwhile , credit rating agency standard & poor ' s said that it may again cut the houston company ' s bbb - minus rating , which could trigger those debt payoffs . but the agency said enron ' s liquidity issues were unlikely to derail its merger with smaller cross - town rival dynegy inc . , announced nov . 9 .
" this is as high a high - wire act as i have ever seen , " analyst john olson of investment house sanders morris harris said . " if this merger is to survive , equity investors will need to have a reason to buy the stock and their confidence will need to be restored , because the equity investor has been leading the way down . "
enron ' s hellish tuesday on the market came after the company made new disclosures in a u . s . securities and exchange document , filed after the market closed on monday .
most pressing was news that enron has until nov . 26 to put up $ 690 million in collateral against a debt to a partnership . otherwise , the partnership could begin liquidating assets , including a brazilian gas company which enron plans to sell to raise $ 250 million .
in the sec filing , known as a form 10 - q , enron said it was suffering a decrease in trading volumes , particularly in longer - term deals .
trading volume down
since the trading business - enron ' s crown jewel and the segment most coveted by dynegy - is low - margin , volume drives its profitability . it is too early to tell what effect the lower volumes would have on future profitability , enron said , but analyst andre meade of commerzbank securities said dynegy will watch the volume drop carefully .
" if it has a long - term effect , it will definitely impact the value dynegy will put on this business , " he said .
dynegy gave a limited response when asked if it was concerned about lower volumes , and whether it was aware of the $ 690 million debt before it made its deal to acquire enron .
" we are in due diligence and enron ' s 10 - q is a part of the that process , " dynegy spokesman john sousa said .
meade said the filing yet again showed enron ' s penchant for making disclosures bit - by - bit . of note was its latest downward revision of its third - quarter earnings , he said .
" the restatements are coming out piecemeal as they find them , and my guess is they don ' t know the full extent . we think further revisions are likely , " meade said .
one analyst who follows enron said the sec filing painted a darker picture of the company ' s cash position , given that it had $ 2 . 3 billion on hand as of nov . 16 .
" it shows that the cash drain on the company looks to be very significant , " said the analyst , who asked not to be identified .
standard & poor ' s said enron currently has about $ 1 . 5 billion in cash , but that follows an infusion in recent weeks of $ 1 . 5 billion from the dynegy merger , $ 550 million in loans secured by pipeline assets , and $ 3 billion from its revolving credit lines .
another $ 450 pipeline - backed loan is expected in a day or two , and enron said it expects $ 500 million of private equity investment plus $ 800 million from asset sales .
enron owes $ 9 . 15 billion by the end of next year , and its total liability for debt and other obligations is $ 16 . 86 billion , according to the sec filing . its merger with dynegy is expected to close by the third quarter of 2002 , raising the possibility that an enron without investment - grade credit might not have the liquidity to survive that long .
enron acknowledged as much in the sec filing , stating starkly that it would be unlikely to " to continue as a going concern , " if a credit rating cut triggers the early payoff of $ 3 . 9 billion in debts to partnerships to which it belongs .
enron said that if its rating were cut , it would work out other payment arrangements . s & p said a similar effort being undertaken in the case of the $ 690 million debt will likely be successful " given the alignment of the interests between enron and the banks . "
enron spokesman vance meyer said the company had received verbal indications that the deadline on that debt was going to be extended , but it details had yet to be worked out .
copyright ? 2000 dow jones & company , inc . all rights reserved .
usa : corrected - accounts board to eye peer reviews amid enron furor .
11 / 20 / 2001
reuters english news service
( c ) reuters limited 2001 .
in washington story headlined " accounts board to eye peer reviews amid enron furor , " please read in 3 rd paragraph . . . many of them were raised in a letter sent recently to bowsher by rep . john dingell . . . instead of . . . many of them were raised in a letter sent recently to bowsher by rep . charles dingell ( corrects rep . dingell ' s first name ) .
a corrected repetition follows .
by kevin drawbaugh
washington , nov 20 ( reuters ) - the regulatory panel that oversees big u . s . accounting firms plans to discuss concerns about its " peer review " process and other issues at its next meeting in december , the panel ' s chairman said on tuesday .
amid growing concern about the enron corp debacle and the accountants involved in it , public oversight board chairman charles bowsher said , " there ' s just a lot of problems in this enron case , some really significant problems . "
many of them were raised in a letter sent recently to bowsher by rep . john dingell , who called on the board to investigate arthur andersen , auditor to enron , the houston energy trader rocked in past weeks by a series of setbacks , including a securities and exchange commission investigation .
" the investigation of this situation is one being done by the sec . . . the pob does not do individual investigations , " bowsher said in a telephone interview with reuters .
but he added that dingell did " raise other issues in his letter that get to our responsibilities , like the overall quality of the processes and standards that the firms use . that ' s what we ' ve got to look at and deal with . "
dingell , a michigan democrat , specifically questioned a " peer review " system overseen by the board which the congressman complained has never resulted in a qualified review being filed by one major accounting firm about another .
very good processes , very good people
bowsher confirmed dingell ' s assertion , but added that a qualified review of one firm by another would be drastic and likely has not been deserved by any of the nation ' s biggest accounting firms since the review process started in 1978 .
" what there have been as part of these peer reviews is recommendations in areas that need to be improved , " he said .
" the real facts of life are these big firms have very good processes . they hire very good people . they train them very well and they have 10 , 000 audits that go well each year . but there ' s no question we ' ve had a series of big problem audits that bring the whole process into concern . . . we can ' t ignore the fact that we ' ve had these . that ' s one of the things we ' re going to be thinking a lot about at our december meeting . "
enron ' s stock price has plunged , several managers have resigned and numerous shareholder lawsuits are pending in the wake of revelations about certain unusual deals with outside partnerships involving company officers . enron earlier this month said it planned to be acquired by dynegy inc .
critics have said arthur andersen should have done more as enron ' s auditor to draw investors ' attention to the company ' s unusual finances . similar complaints have been voiced in recent years about the performance of auditors of other companies .
in june , arthur andersen was fined $ 7 million by the sec to settle charges that it filed false and misleading audit reports of waste management inc . , a garbage hauling concern , in the largest ever civil penalty against a big five accounting firm . andersen did not admit or deny the charges .
copyright ? 2000 dow jones & company , inc . all rights reserved .
business
enron ` s ongoing woes
bruce francis , kathleen hays
11 / 20 / 2001
cnnfn : markets impact
( c ) copyright federal document clearing house . all rights reserved .
kathleenhays , cnnfn anchor , markets impact : well , enron ( url : http : / / . www . enron . com / ) shares , huh , just when you thought it couldn ` t get wore , they got clobbered again today . the company warned it could be forced to pay by next week hundreds of millions of dollars it owes following a recent credit downgrade .
bruce francis , cnnfn anchor , markets impact : and that can spell trouble .
and following up on a " financial times " scoop we brought you yesterday , there are mounting fears that dynegy ( url : http : / / www . dynegy . com / ) could abandon its proposed bid for enron .
let ` s get michael heim ` s ( ph ) thoughts on those issues . he ` s an energy analyst at a . g . edwards .
thanks for joining us , we appreciate it .
michael heim , a . g . edwards : my pleasure .
francis : first of all , let ` s get the latest here , your analysis of the latest news that they did restate their earnings and they might be having some difficulty meeting their obligations here . how do you add that up ?
heim : well , enron filed their 10 q last night , as i think everyone knows , and it did include a modest restatement , but i don ` t really think that ` s the big news . more of concern is the debt obligation that you talked about , although even that is - - $ 690 million is manageable .
but i think the 10 k filing has addressed many of the previous concerns about some of these limited related party partnership that enron has and the obligations , the backstopping enron has provided with those partnerships .
hays : michael , could you just tell us a little bit more about that ? because it , it - - i get - - it ` s so complicated , i really have - - you know , have a hard time following it after a while . and what i can ` t understand is , presumably , the reason they were opposing this deal , dynagy and enron , is that dynagy knew what was going on , figured they were a lot of deals like this , so one - - i ` m kind of surprised that they would be talking about maybe triggering the material adverse charge at this point , which could get them out of the deal .
i mean , they say they ` re not going to do it , but bankers say they ` re talking about it . so what ` s going on here ?
heim : well , it ` s not unusual for deals to have a material adverse condition clause , and there was a lot that ` s unknown in enron . it ` s a very difficult company to follow , and dynagy certainly has done a lot of due diligence . but it was in a crash period , and i ` m sure there ` s a lot of questions dynagy has with enron as well .
the - - dynagy was very careful on how they worded the deal and left themselves some outs . and i don ` t know if they ` re going to try and take advantage of those outs . but certainly i ` m sure they share a lot of the concerns that enron investors have .
francis : is there another shoe to drop next week when these obligations come due on the 26 th ?
heim : well . . .
francis : and should we be braced for another big day in - - for enron stock , or has it found a basement ?
heim : well , that ` s a very tough question to answer . certainly anybody who ` s been negative on the stock has done so not because they knew there were some problems coming , but because they didn ` t know that there weren ` t problems coming . and i certainly can ` t say that there isn ` t other problems that could be disclosed .
yes , in situations like this , you have to rely a little bit on the company . and unfortunately the company ` s reputation ` s already been stained .
francis : michael , you got a sell on the stock . is there a point at which this issue becomes attractive , or are there just too many potential bodies buried here ?
heim : well , i ` m a firm believer there ` s always a point at which stock becomes attractive . but at this point , it ` s really become a betting game on whether the deal gets done . and there are certainly people , a lot of people speculating on that , both sides , and as an analyst , i don ` t know if you necessarily have a more insight to that type of question than somebody else .
it ` s not a bet that we want to take at these prices .
hays : ok , well , michael hime , you certainly , certainly got a lot of reasons , i guess , not to take the bet , certainly not before you have to .
michael heim , a . g . edwards energy analyst , thank you so much for joining us .
hime : thank you .
francis : thanks . we appreciate it .
copyright ? 2000 dow jones & company , inc . all rights reserved .
enron ' s credit remains on negative watch , s & p says ( updatel )
2001 - 11 - 20 17 : 21 ( new york )
( adds additional background beginning in third paragraph . )
new york , nov . 20 ( bloomberg ) - - enron corp . ' s credit rating
will remain on negative watch , standard & poor ' s ratings company
said , a day after the largest energy trader released its delayed
third - quarter regulatory filing .
shares of enron fell 23 percent today to $ 7 . 01 , and its bonds
also tumbled amid concern the company might run out of cash before
its takeover by dynegy inc .
enron said in a filing that ` ` maintaining an investment grade
credit rating is a critical element in maintaining liquidity for
enron ' s wholesale business . ' ' an investment grade is needed
because enron ' s trading partners will require more cash for
collateral and margin deposits , the company said .
` ` as long as the dynegy deal is alive and sound , we think
enron is an investment - grade credit , ' ' said todd shipman , an
analyst who covers the firm for standard & poor ' s . ` ` we ' re
concentrating on the trading operation . as long as it is active ,
dynegy won ' t walk away from it . ' '
enron agreed to a takeover by dynegy after a financial crisis
threatened it with bankruptcy , revised third - quarter earnings for
the second time this month and said it may have to make early
payment of a $ 690 million note next week .
one ratings company , moody ' s investors service , has lowered
enron ' s rating to one level above junk , putting the company at
risk for being unable to conduct its wholesale energy trading
business .
u . s . equity movers final : aradigm , creo , enron , espeed , ramtron
2001 - 11 - 20 17 : 23 ( new york )
u . s . equity movers final : aradigm , creo , enron , espeed , ramtron
new york , nov . 20 ( bloomberg ) - - the following is a list of
companies whose shares moved in u . s . markets tuesday , nov . 20 . the
stock symbol is in parentheses after the company name .
aradigm corp . ( ardm ) rose $ 1 . 12 , or 27 percent , to $ 5 . 32 .
novo nordisk a / s ( novob dc ) will raise its stake in the developer
of aerosol - based drug - delivery systems to as much as one - third
after a study suggested aradigm ' s insulin inhaler might be as
effective as injections .
applied micro circuits ( amcc ) fell $ 1 . 64 , or 11 percent , to
$ 13 . 81 . the maker of chips for telecommunications equipment was
downgraded to ` ` buy ' ' from ` ` strong buy ' ' by a . g . edwards & sons
inc . analyst peter andrew .
creo products inc . ( creo ) fell $ 1 . 71 , or 13 percent , to
$ 11 . 05 . the maker of digital products for graphic arts had a loss
of $ 7 . 17 a share in the fourth - quarter ended sept . 30 because of
costs from staff cuts and the writedown of goodwill . excluding
costs , which isn ' t in accordance with generally accepted
accounting principles , creo lost 12 cents , compared with net
income of 56 cents a year earlier .
dal - tile international inc . ( dtl ) rose $ 3 . 87 , or 22 percent ,
to $ 21 . 47 . the maker of tiles agreed to be bought by mohawk
industries inc . ( mhk ) for $ 1 . 66 billion in cash , stock and assumed
debt . dal - tile shareholders will get $ 11 in cash and 0 . 2414 share
of mohawk stock for each dal - tile share .
docucorp international inc . ( docc ) rose 97 cents , or
24 percent , to $ 5 . 02 . the maker of document - automation software
had net income of 9 cents a share in the fiscal third quarter
ended oct . 31 , compared with a loss of 1 cent a year earlier .
enron corp . ( ene ) fell $ 2 . 05 , or 23 percent to $ 7 . 01 . the
energy company that is being acquired by rival dynegy inc . ( dyn )
revised third - quarter earnings for the second time this month and
said it may have to pay off a $ 690 million note next week .
espeed inc . ( espd ) rose $ 1 . 15 , or 18 percent , to $ 7 . 45 . the
electronic bond broker expects its first quarterly profit in the
fourth quarter . espeed said it will earn 1 cent to 5 cents a
share .
france telecom sa ( fte ) american depositary receipts , each
representing one common share , fell $ 4 . 65 , or 10 percent , to
$ 39 . 95 . the telecommunications company ' s acquisition plans are
making some investors worry about the company ' s ability to cut its
65 billion euros ( $ 57 billion ) of debt by at least 18 billion
euros in the next two years .
genomica corp . ( gnom ) rose 73 cents , or 22 percent , to $ 4 . 11 .
exelixis inc . ( exel ) agreed to buy the biotechnology company for
$ 110 million in stock .
hastings entertainment inc . ( hast ) fell $ 1 . 85 , or 26 percent ,
to $ 5 . 15 . the entertainment retailer lost 46 cents a share in the
third quarter ended oct . 31 , the company said in a press release
distributed by pr newswire . hastings had forecast a loss of
22 cents .
healthsouth corp . ( hrc ) rose $ 1 . 50 , or 12 percent , to $ 14 . 19 .
the operator of rehabilitation hospitals was raised to a ` ` strong
buy ' ' from ` ` ` buy ' ' by wells fargo van kasper analyst andrew
heyward . he expects the shares to reach $ 18 in 12 to 18 months .
lifepoint hospitals inc . ( lpnt ) rose $ 3 . 40 , or 11 percent , to
$ 34 . 36 after sg cowen analyst kemp dolliver reiterated a ` ` strong
buy ' ' rating on the stock .
magma design automation inc . ( lava ) rose $ 5 . 59 , or
46 percent , to $ 18 . 99 . the maker of software for semiconductor
manufacturers sold 4 . 85 million shares priced at $ 13 each in an
initial public offering , raising $ 63 million .
northfield laboratories inc . ( nfld ) fell $ 3 . 45 , or
26 percent , to $ 9 . 80 . the u . s . food and drug administration asked
for more information about the company ' s oxygen - carrying blood
substitute , polyheme , northfield said in a statement .
palm inc . ( palm ) fell 42 cents , or 11 percent , to $ 3 . 45 . the
possibility that the hand - held computer maker and handspring inc .
( hand ) will merge is unlikely any time soon since tax rules limit
palm ' s ability to join other companies , the los angeles times
reported .
proxim inc . ( prox ) rose $ 1 . 65 , or 17 percent , to $ 11 . 40 . the
maker of wireless - network equipment was raised to ` ` buy ' ' from
` ` neutral ' ' by u . s . bancorp piper jaffray cos . analyst samuel may .
ramtron international corp . ( rmtr ) rose 68 cents , or
38 percent , to $ 2 . 48 . the maker of semiconductor memory devices
said nec corp . ( 6701 jp ) will license its semiconductor - memory
technology in exchange for fees and royalty payments .
scm microsystems inc . ( scmm ) gained for a second day , rising
$ 1 . 24 , or 11 percent , to $ 12 . 99 . the maker of smart - card computer
products is working with logicon inc . ( lgn ) to supply
identification - badge readers to the u . s . army .
verisign inc . ( vrsn ) fell $ 5 . 27 , or 11 percent , to $ 41 . 23 .
the manager of internet addresses was downgraded to ` ` buy ' ' from
` ` strong buy ' ' by u . s . bancorp piper jaffray cos . analyst eugene
munster .
vista bancorp inc . ( vbnj ) rose $ 4 . 25 , or 19 percent , to
$ 26 . 25 . united national bancorp ( unbj ) agreed to buy the banking
company for about $ 151 million in cash and stock . united national
will pay $ 37 . 6 million in cash and the remainder in stock ,
calculated at 1 . 17 shares for each vista share . united national
fell $ 1 . 39 , or 5 . 7 percent , to $ 22 . 99 .
tickers : ardm creo ene espd rmtr
money flows , the difference between the value of trades made
at a higher price than the previous trade and those made at a
lower price , may also appear for some stocks . these inflows and
outflows show whether people are willing to pay more for a stock
that ' s rising , or to sell a stock that ' s falling for less . if not
it ' s a signal the share price may soon change direction .
enron faces limits on business with energy traders ( updatel )
2001 - 11 - 20 18 : 20 ( new york )
enron faces limits on business with energy traders ( updatel )
( updates with enron ' s gas and power trading activity in the
third quarter in last paragraph . )
houston , nov . 20 , ( bloomberg ) - - mirant corp . , aquila inc .
and other big energy traders are doing fewer transactions with
enron corp . as concerns increase about the largest trader ' s credit
rating and its ability to finance daily business , executives said .
` ` we ramped down our trading , ' ' mirant spokesman james
peters . ` ` we don ' t expect to broaden that until their credit
situation improves . ' '
enron ' s stock has tumbled 79 percent since mid - october after
dealings with affiliated partnerships led to earnings
restatements , credit - rating cuts , a federal investigation and a
management shakeup . enron once handled about one - quarter of
natural gas and power transactions .
enron ' s shares fell 23 percent today , and its bonds dropped
after the company said late yesterday it may have to pay $ 9 . 15
billion in debt due by 2003 , suggesting it may run out of cash
before its takeover by rival dynegy inc . can be completed .
standard & poor ' s left enron ' s credit ratings unchanged today ,
though they remained on ` ` negative watch . ' '
dynegy ' s bid for enron is now valued at $ 20 . 4 billion in
stock and assumed debt .
` less and less '
aquila is trading ` ` less and less ' ' with enron because of
credit concerns , spokesman al butkus said .
aquila is the trading arm of utilicorp united inc . , the third -
biggest u . s . utility owner . both companies are based in kansas
city , missouri .
` ` we don ' t have significant exposure to enron , ' ' reliant
energy inc . spokesman richard wheatley said . ` ` we ' re doing
business as usual , but with a big caveat : we ' re being very , very
careful not to increase our exposure . ' '
reliant energy is the owner of houston ' s utility . reliant
resources inc . is the trading arm of reliant energy .
atlanta - based mirant has been involved in ` ` very limited
trading ' ' with enron since early november , a few days before
dynegy agreed to buy enron , peters said .
shares of enron fell $ 2 . 05 to $ 7 . 01 today . dynegy dropped
$ 1 . 90 , or 4 . 4 percent , to $ 41 . 70 . reliant energy rose 5 cents to
$ 27 . 28 . reliant resources fell 16 cents to $ 19 . the four companies
are based in houston .
mirant rose 10 cents to $ 26 . 90 . aquila rose 16 cents to
$ 19 . 65 , and utilicorp rose 48 cents to $ 27 . 40 .
` ` a reduced level of transaction activity , particularly
longer - term transactions , ' ' will hurt fourth - quarter earnings ,
enron said yesterday in a filing with the u . s . securities and
exchange commission .
enron ' s daily gas and power deliveries increased 35 percent
last quarter from a year earlier , according to the filing . power
trading surged 77 percent .
enron falls amid concern debt threatens dynegy bid ( update 7 )
2001 - 11 - 20 17 : 46 ( new york )
enron falls amid concern debt threatens dynegy bid ( update 7 )
( adds enron comment on extending maturity on $ 690 million
note and other debt starting in eighth paragraph . )
houston , nov . 20 ( bloomberg ) - - enron corp . shares and bonds
dropped after the energy trader disclosed it may have to pay
$ 9 . 15 billion in debt due by 2003 , suggesting the company may run
out of cash before its takeover by dynegy inc . can be completed .
shares of enron fell $ 2 . 05 , or 23 percent , to $ 7 . 01 . earlier
they touched $ 6 . 55 , the lowest price in more than a decade .
enron ' s 6 . 4 percent notes due in july 2006 were bid as low as 69
cents on $ 1 of face value and offered at 73 cents , down more than
13 percent , traders said .
enron , whose dealings with affiliated partnerships led to
earnings restatements , credit - rating cuts , a federal investigation
and a management shakeup , said in a regulatory filing that it has
less than $ 2 billion in cash or credit lines . dynegy plans to
complete its buyout by october , and enron may have to ask lenders
to restructure payment schedules to survive .
` ` this filing shows that enron is in a precarious financial
situation , ' ' said commerzbank securities analyst andre meade , who
rates enron shares ` ` hold ' ' and doesn ' t own them . ` ` they have to
stay afloat for the dynegy deal to go through , and that now looks
difficult . ' '
enron and dynegy spokespeople wouldn ' t comment on the stock
drop today . standard & poor ' s investors service said that enron ' s
credit rating remained on negative watch , indicating it wouldn ' t
immediately downgrade the company ' s debt .
$ 690 million surprise
` ` enron ' s near - term liquidity position is . . . expected to
be sufficient to carry the company through the completion of its
proposed merger with dynegy , ' ' s & p said in a report .
investors were concerned the debt , including a $ 690 million
note that enron disclosed it may have to pay off next week , would
lead to a cut in enron ' s credit rating , analysts said .
enron has ` ` verbal indications ' ' that the maturity on the
$ 690 million note will be extended , spokeswoman karen denne said .
` ` the details still have to be worked out , and the individual bank
credit department reviews still need to be completed . ' '
enron is ` ` working with the other banks to restructure the
debt and extend the maturities ' ' on more bonds , denne said .
the filing was a ` ` distraction ' ' that will not threaten the
merger , said todd shipman , a director at s & p who follows enron .
` ` our approach to this has been on the basis that the dynegy
deal is a good thing for credit quality , ' ' shipman said .
moody ' s investors service , which didn ' t issue a statement on
enron ' s debt today , cut the company ' s credit rating to its lowest
investment grade level on nov . 9 , the day dynegy announced it
would buy enron in a deal now valued at $ 25 billion in stock and
assumed debt .
the ruling came after executives from lehman brothers
holding inc . , j . p . morgan chase & co . and citigroup inc . ' s salomon
smith barney lobbied the credit - rating company , people familiar
with the situation said .
avoiding junk
a junk rating would have led dynegy to abandon the
acquisition , dynegy chief executive officer charles watson said .
it would also have triggered debt repayment of at least $ 3 . 9
billion , enron said in a securities & exchange commission filing
yesterday .
enron shares are selling for almost 32 percent less than the
value of dynegy ' s offer , showing investors have doubts the deal
will be completed . dynegy shares fell $ 1 . 90 to $ 41 . 70 today .
` ` it ' s become more clear that the chances of this deal going
through aren ' t 90 percent , but much closer to fifty - fifty , ' ' said
edward paik , who helps manage the liberty utilities fund , with 1 . 6
million enron shares . ` ` there ' s just so much information that is
unknowable ' ' about enron ' s financial position , he said .
most of the $ 9 . 15 billion in debt is due before the end of
the third quarter of 2002 , when the dynegy buyout is scheduled to
close , enron said yesterday in a filing with the sec .
asset sales planned
last week , enron chief operating officer greg whalley said
the company will sell assets of ` ` non - core businesses ' ' to raise
money . it has $ 8 billion invested in the businesses , including
broadband telecommunications and the dabhol power plant in india .
enron expects to get ` ` billions ' ' from the sales , whalley said ,
without being more specific .
enron reported yesterday that its u . s . operations had $ 1 . 2
billion in cash left . it has added at least $ 5 billion since sept .
30 from credit lines , loans and a $ 1 . 5 billion investment from
chevrontexaco , part owner of dynegy .
short - term debt
enron used $ 1 . 9 billion of the money it raised to retire
commercial paper , which is short - term debt . it gave no details on
how it spent the remaining $ 3 . 1 billion .
enron chief financial officer jeffrey mcmahon said last week
that the company also was looking to get another $ 500 million to
$ 1 billion from private investors .
asset sales valued at about $ 800 million are expected to
close by the end of this year , according to the sec filing . enron
spokeswoman denne wouldn ' t comment on whether it could sell assets
fast enough to keep current on its debts .
dynegy will have to help enron sell assets , said mitchell
stapley , who manages $ 3 . 5 billion in fixed - income assets including
enron bonds for fifth third investment advisors inc .
dynegy and chevrontexaco corp . , which owns 26 percent of
dynegy , also will have to help enron negotiate with its lenders ,
said kathleen vuchetich , who helps manage the $ 1 . 4 billion strong
american utilities fund , which is 5 percent dynegy shares .
` ` i never dreamt ( the $ 9 . 15 billion ) would be that large ,
coming due all at once , ' ' vuchetich said . ` ` it calls into question
their decision to schedule it that way in the first place . ' '
chevrontexaco
chevrontexaco , the second - largest u . s . oil company , is
providing $ 2 . 5 billion in cash as part of the enron buyout . it
provided the first $ 1 . 5 billion a week ago . in exchange for that
investment , dynegy will get a pipeline valued at more than $ 2
billion if the enron purchase is not completed .
shares of chevrontexaco , based in san francisco , rose $ 3 . 62
to $ 86 . 53 .
enron yesterday reduced third - quarter results by 3 cents a
share , bringing the period ' s loss to 87 cents , or $ 664 million . on
nov . 8 , enron lowered earnings back to 1997 by $ 586 million to
reflect losses by affiliated partnerships that were wrongly kept
off the books . that included a third - quarter reduction of $ 17
million .
a drop in enron ' s senior unsecured debt rating to ` ` bbb - ' ' by
standard ticker : ene ; url :
) losing steam again today . the stock closing
down $ 2 . 07 at $ 6 99 cents a share . a nearly 10 - year low . investors
apparently concerned about a potential cash crunch at the embattled
energy firm . joining us with more on enron ` s troubles is floyd
norris , financial editor with ` ` the new york times . ' '
welcome to the program .
floyd norris , financial editor , ` ` the new york times ' ' : thank
you .
romans : this has been a fascinating story and stock to watch
develop . first off , what is the latest that drove this stock down
more than 20 percent again today ?
norris : well , yesterday , after the close , they filed a report
with the securities and exchange commission , and as people studied
it overnight , they were quite surprised . and it got worse this
morning . they disclosed that they have $ 690 million in debt . so
they may have to pay next week if they can ` t either come up with
collateral , which will not be easy , or persuade the lenders to
renegotiate . and what was shocking about that wasn ` t that the debt
existed , that was known , it was that they had to pay it so quickly .
it turns out , according to what people are telling analysts , that
dynegy ( company : dynegy inc . ; ticker : dyn ; url :
) , which agreed to buy them only a week or
two ago , didn ` t know about this . they had not told them ,
apparently , enron didn ` t realize they had this problem .
romans : ok , wait . there seems to be a lot of things that wall
street didn ` t know was going on . and every sort of revelation is a
big blow to the stock . who is watching what ` s happening here and
how can there be so many surprises . that ` s confusing to a lot of
folks who are following this .
norris : well , it ` s - the fact wall street is surprised isn ` t
necessarily surprising , but the fact that enron seems to have been
surprised is surprising . they ` ve had a lot of turnover . it
reinforces the suspicion that jeff skilling , the chief executive
officer who quit in mid - year , and perhaps the treasury and chief
financial officer , both of whom were ousted within the last month
as this crisis grew , may have been the only people who really
understood what was going on there ; and that makes you wonder what
else might yet come out .
romans : well , what about auditors and what about the board
governing this firm . and what about ken lay , i mean he is sort of
the statesman of the industry , isn ` t he ? and he ` s running this
company again ?
norris : well , he ` s back running the company . the suspicion is ,
and lay denies it , he says he knows what ` s going on , my suspicion
is that he didn ` t know the details . he trusted . he understood the
company was overvalued , probably . this is a man who was taking out
hundreds of millions of dollars by selling stock , exercising stock
options and selling stock . but i suspect he didn ` t understand all
of the details and now they are coming back to haunt him . the other
thing that is bothering people today is these numbers show the
company is burning through cash at an amazing rate . and enron has
not really given us a good understanding of why they are burning
through the cash that fast . but it raises questions about whether
the company can continue operating until its supposed to be taken
over by dynegy by next september . and , of course , the way the stock
is trading , it ` s obvious that a lot of people on wall street doubt
that deal will go through or at least doubt that it will go through
on the announced terms .
tracy eichler , ubs painewebber : floyd , my question regarding
shareholder lawsuits . it seems like there ` s some validity there .
any new news on the sec investigation and the magnitude to those
lawsuits ?
norris : there ` s no news on the sec investigation . there are , of
course , huge shareholder lawsuits . they ` re filed against enron ,
they ` re filed against the current and former officers of the
company . and they ` re filed against arthur andersen , which audited
this company . the accounting regulators are already starting to
check in again on arthur andersen , which used to be the class of
the accounting business and has had a string of recent
embarrassments .
romans : all right , floyd norris for ` ` the new york times , ' '
thank you so much for joining us .
norris : thank you . | 2001-11-21T00:00:00 |
7,137 | briefing robert johnston on metals vince ,
sorry , i was not able to take your call this morning , to avoid distractions i
was editing a technical coner article on ppp out of my office . last friday ,
i called robert johnston immediately after you told me to contact him to
brief him on nonferrous metals . i let him know that i was scheduled to speak
about metals in our research meeting on october 12 th . i also talked with him
a few weeks ago that i would like to meet with him and scott tholan to brief
them on metals . robert did not arrange the meeting . i arranged a meeting
for 10 : 30 tomorrow to take them both through the metals fundametals speech .
the london metals confererence sounds great , since i have five years
experience in metals fundamental analysis and pricing , i would also like to
attend . many of my new research group customers are asking for my expertise
in this new business for enron . i could certainly help our customers better
by getting the latest information on metals . please let me know if this is
ok with you .
regards ,
maureen | 0 | ham | briefing robert johnston on metals | vince ,
sorry , i was not able to take your call this morning , to avoid distractions i
was editing a technical coner article on ppp out of my office . last friday ,
i called robert johnston immediately after you told me to contact him to
brief him on nonferrous metals . i let him know that i was scheduled to speak
about metals in our research meeting on october 12 th . i also talked with him
a few weeks ago that i would like to meet with him and scott tholan to brief
them on metals . robert did not arrange the meeting . i arranged a meeting
for 10 : 30 tomorrow to take them both through the metals fundametals speech .
the london metals confererence sounds great , since i have five years
experience in metals fundamental analysis and pricing , i would also like to
attend . many of my new research group customers are asking for my expertise
in this new business for enron . i could certainly help our customers better
by getting the latest information on metals . please let me know if this is
ok with you .
regards ,
maureen | 2000-10-05T00:00:00 |
13,032 | origination to be granted to edem louise , we have been pre - paying the positions to some of our customers . some of them have been selling swaps to get rid financially of the pemex fixed price contract , and then re - purchasing the swaps . in some cases they are asking to get pre - paid , so we call treasury and calculate the npv with the discoutn rate they give us ( usually enron ' s cost of funds ) .
however , i have been able to increase the discount rate in various cases , so that we offer a better alternative to the customer , than their own cost of funds . it has worked and i think we can increase our margins by keep on doing that .
questions : can we get credit for the origination on top of enron ' s treasury rate ? if so , with whom should i speak to get it granted to edem ?
best regards . | 0 | ham | origination to be granted to edem | louise , we have been pre - paying the positions to some of our customers . some of them have been selling swaps to get rid financially of the pemex fixed price contract , and then re - purchasing the swaps . in some cases they are asking to get pre - paid , so we call treasury and calculate the npv with the discoutn rate they give us ( usually enron ' s cost of funds ) .
however , i have been able to increase the discount rate in various cases , so that we offer a better alternative to the customer , than their own cost of funds . it has worked and i think we can increase our margins by keep on doing that .
questions : can we get credit for the origination on top of enron ' s treasury rate ? if so , with whom should i speak to get it granted to edem ?
best regards . | 2001-09-27T00:00:00 |
17,512 | start date : 12 / 30 / 01 ; hourahead hour : 17 ; start date : 12 / 30 / 01 ; hourahead hour : 17 ; no ancillary schedules awarded . no variances detected .
log messages :
parsing file - - > > o : \ portland \ westdesk \ california scheduling \ iso final schedules \ 2001123017 . txt
# # # cannot locate a preferred or revised _ preferred schedule that matches the final individual interchange schedule . unable to assign deal number .
# # # cannot locate a preferred or revised _ preferred schedule that matches the final individual interchange schedule . unable to assign deal number . | 0 | ham | start date : 12 / 30 / 01 ; hourahead hour : 17 ; | start date : 12 / 30 / 01 ; hourahead hour : 17 ; no ancillary schedules awarded . no variances detected .
log messages :
parsing file - - > > o : \ portland \ westdesk \ california scheduling \ iso final schedules \ 2001123017 . txt
# # # cannot locate a preferred or revised _ preferred schedule that matches the final individual interchange schedule . unable to assign deal number .
# # # cannot locate a preferred or revised _ preferred schedule that matches the final individual interchange schedule . unable to assign deal number . | 2001-12-30T00:00:00 |
30,177 | fw : [ subvert ] 88 % off vicodin . attendance mappable occupied aliments diner buggy anhydrously
vagrant pulleys tibet
breezily inducts peruvianize dinnertime inquire
mexicanizes gantry associators
coordinate disappearing nodal insanity mind
margarine replenishes lightface poppy
forge puns pendulum loft
reprobate maximilian indefatigable levies
presumptive academics fiance
- -
phone : 579 - 537 - 9445
mobile : 875 - 893 - 1037
email : intangiblesraking @ imneverwrong . com | 1 | spam | fw : [ subvert ] 88 % off vicodin . attendance mappable | occupied aliments diner buggy anhydrously
vagrant pulleys tibet
breezily inducts peruvianize dinnertime inquire
mexicanizes gantry associators
coordinate disappearing nodal insanity mind
margarine replenishes lightface poppy
forge puns pendulum loft
reprobate maximilian indefatigable levies
presumptive academics fiance
- -
phone : 579 - 537 - 9445
mobile : 875 - 893 - 1037
email : intangiblesraking @ imneverwrong . com
| 2004-10-28T00:00:00 |
2,075 | re : hilcorp old ocean volume well - i have officially not heard from hilcorp after numerous voice and email
messages . please plan to have the gas rerouted back down the valley line for
the dec 1 forward . call if you have any questions -
daren j farmer
11 / 21 / 2000 10 : 08 am
to : mary jo johnson / hou / ect @ ect
cc :
subject : re : hilcorp old ocean volume
thanks for the info . i appreciated the call the other day . it really helps
me out to recieve info early like that .
d
from : mary jo johnson 11 / 20 / 2000 03 : 38 pm
to : daren j farmer / hou / ect @ ect , james mckay / hou / ect @ ect , gary a
hanks / hou / ect @ ect
cc : jill t zivley / hou / ect @ ect
subject : hilcorp old ocean volume
according to gary hanks , we would like to have the gas on the valley line
anyway
- - - - - - - - - - - - - - - - - - - - - - forwarded by mary jo johnson / hou / ect on 11 / 20 / 2000
03 : 26 pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
to : jill t zivley / hou / ect @ ect
cc : edward d gottlob / hou / ect @ ect , lauri a allen / hou / ect @ ect
subject : re : producer service group ?
i can not believe you are sending emails form hawaii ! ! ! ! you are crazy . i
took care of camden for the month -
it is now 330 and hilcorp has not responded . i spoke with jerry bubert
several times today - emailed mike lannou and left messages , and had him
paged , and copied hildebrand ( the president ) . if we don ' t hear by 4 pm , we
are supposed to bypass the gas . . . . . . . . . . . | 0 | ham | re : hilcorp old ocean volume | well - i have officially not heard from hilcorp after numerous voice and email
messages . please plan to have the gas rerouted back down the valley line for
the dec 1 forward . call if you have any questions -
daren j farmer
11 / 21 / 2000 10 : 08 am
to : mary jo johnson / hou / ect @ ect
cc :
subject : re : hilcorp old ocean volume
thanks for the info . i appreciated the call the other day . it really helps
me out to recieve info early like that .
d
from : mary jo johnson 11 / 20 / 2000 03 : 38 pm
to : daren j farmer / hou / ect @ ect , james mckay / hou / ect @ ect , gary a
hanks / hou / ect @ ect
cc : jill t zivley / hou / ect @ ect
subject : hilcorp old ocean volume
according to gary hanks , we would like to have the gas on the valley line
anyway
- - - - - - - - - - - - - - - - - - - - - - forwarded by mary jo johnson / hou / ect on 11 / 20 / 2000
03 : 26 pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
to : jill t zivley / hou / ect @ ect
cc : edward d gottlob / hou / ect @ ect , lauri a allen / hou / ect @ ect
subject : re : producer service group ?
i can not believe you are sending emails form hawaii ! ! ! ! you are crazy . i
took care of camden for the month -
it is now 330 and hilcorp has not responded . i spoke with jerry bubert
several times today - emailed mike lannou and left messages , and had him
paged , and copied hildebrand ( the president ) . if we don ' t hear by 4 pm , we
are supposed to bypass the gas . . . . . . . . . . . | 2000-11-21T00:00:00 |
27,856 | reliant to split itself into two publicly traded companies news briefs :
reliant energy plans to form two public companies
reliant energy said it plans to file with the texas public utility
commission a business separation plan under which it would divide into two
publicly traded companies to separate its unregulated businesses from its
regulated businesses .
the company plans an initial public offering of approximately 20 % of the
common stock of its unregulated operations late this year or early in 2001 ,
assuming market conditions remain favorable . the company expects the ipo to
be followed by a distribution to shareholders of the remaining stock of the
unregulated company within 12 months . the remaining businesses , which are
predominately regulated , will be structured as a holding company .
the unregulated company will own reliant energy ' s unregulated power
generation and related energy trading and marketing operations , its
unregulated retail businesses , which currently include energy ,
telecommunications and internet services , and the company ' s european
electric generating and trading / marketing operations . the plan also
contemplates that in 2004 the unregulated company will receive from the
regulated company cash equal to the market value of the regulated company ' s
interest in its texas regulated generation operations . in addition , the
unregulated company will have an option to purchase the regulated company ' s
interest in these operations at a price equal to the market value .
the regulated company will include reliant energy ' s electricity and natural
gas companies , which serve about four million customers in the u . s . and
include reliant energy hl & p / entex , reliant energy arkla , reliant energy
entex and reliant energy minnegasco . other operations in the entity will
include its u . s . interstate pipelines , its interests in latin america and ,
initially , its texas regulated generation . | 0 | ham | reliant to split itself into two publicly traded companies | news briefs :
reliant energy plans to form two public companies
reliant energy said it plans to file with the texas public utility
commission a business separation plan under which it would divide into two
publicly traded companies to separate its unregulated businesses from its
regulated businesses .
the company plans an initial public offering of approximately 20 % of the
common stock of its unregulated operations late this year or early in 2001 ,
assuming market conditions remain favorable . the company expects the ipo to
be followed by a distribution to shareholders of the remaining stock of the
unregulated company within 12 months . the remaining businesses , which are
predominately regulated , will be structured as a holding company .
the unregulated company will own reliant energy ' s unregulated power
generation and related energy trading and marketing operations , its
unregulated retail businesses , which currently include energy ,
telecommunications and internet services , and the company ' s european
electric generating and trading / marketing operations . the plan also
contemplates that in 2004 the unregulated company will receive from the
regulated company cash equal to the market value of the regulated company ' s
interest in its texas regulated generation operations . in addition , the
unregulated company will have an option to purchase the regulated company ' s
interest in these operations at a price equal to the market value .
the regulated company will include reliant energy ' s electricity and natural
gas companies , which serve about four million customers in the u . s . and
include reliant energy hl & p / entex , reliant energy arkla , reliant energy
entex and reliant energy minnegasco . other operations in the entity will
include its u . s . interstate pipelines , its interests in latin america and ,
initially , its texas regulated generation . | 2000-07-27T00:00:00 |
32,586 | liderar en tiempos dificiles vl si
no puede ver este correo , haga
click ac
publicite ud tambien
: www . webmedia . cl
( eliminar de este envio )
acatando la nueva ley del consumidor n 19 . 496 y su modificacin
n 19 . 955 del 2004 ,
en su artculo 28 b , donde regula el envo de correos electrnicos
( toda comunicacin promocional o publicitaria enviada por correo
electrnico deber indicar la materia o asunto sobre el que versa ,
la identidad del remitente y contener una direccin vlida a la
que el destinatario solicite la suspensin de los envos ) | 1 | spam | liderar en tiempos dificiles vl | si
no puede ver este correo , haga
click ac
publicite ud tambien
: www . webmedia . cl
( eliminar de este envio )
acatando la nueva ley del consumidor n 19 . 496 y su modificacin
n 19 . 955 del 2004 ,
en su artculo 28 b , donde regula el envo de correos electrnicos
( toda comunicacin promocional o publicitaria enviada por correo
electrnico deber indicar la materia o asunto sobre el que versa ,
la identidad del remitente y contener una direccin vlida a la
que el destinatario solicite la suspensin de los envos )
| 2005-04-21T00:00:00 |
22,848 | mid - year 2000 performance feedback - - - - - - - - - - - - - - - - - - - - - - forwarded by steve beck / hou / ees on 05 / 18 / 2000 10 : 10 am
- - - - - - - - - - - - - - - - - - - - - - - - - - -
" perfmgmt @ ect . enron . com " < perfmgmt on 05 / 17 / 2000 07 : 54 : 05 pm
to : sbeck @ enron . com
cc :
subject : mid - year 2000 performance feedback
note : you will receive this message each time you are selected as a reviewer .
you have been selected to participate in the mid - year 2000 performance
management process by providing meaningful feedback on specific employee ( s )
that have been identified for you . your feedback plays an important role in
the performance management process , and your participation is very critical
to the success of enron ' s performance management goals .
please provide feedback on the employee ( s ) listed below by accessing the
performance management system ( pep ) and completing an online feedback form as
described in the " performance management quick reference guide " . you may
begin your feedback input immediately . please have all feedback forms
completed by the date noted below .
if you have any questions regarding pep or your responsibility in the
process , please call the pep help desk at the following numbers :
in the u . s . : 1 - 713 - 853 - 4777 , option 4
in europe : 44 - 207 - 783 - 4040 , option 4
in canada : 1 - 403 - 974 - 6724 ( canada employees only )
or e - mail your questions to : perfmgmt @ enron . com
thank you for your participation in this important process .
the following list of employees is a cumulative list of all feedback
requests , by operating company , that have an " open " feedback status . an
employee ' s name will no longer appear once you have completed the feedback
form and select the " submit " button in pep .
review group : enron
feedback due date : jun 09 , 2000
employee name supervisor name date selected
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
melodick , kimberly a cindy l skinner may 15 , 2000
villarreal , norma e cindy l skinner may 15 , 2000 | 0 | ham | mid - year 2000 performance feedback | - - - - - - - - - - - - - - - - - - - - - - forwarded by steve beck / hou / ees on 05 / 18 / 2000 10 : 10 am
- - - - - - - - - - - - - - - - - - - - - - - - - - -
" perfmgmt @ ect . enron . com " < perfmgmt on 05 / 17 / 2000 07 : 54 : 05 pm
to : sbeck @ enron . com
cc :
subject : mid - year 2000 performance feedback
note : you will receive this message each time you are selected as a reviewer .
you have been selected to participate in the mid - year 2000 performance
management process by providing meaningful feedback on specific employee ( s )
that have been identified for you . your feedback plays an important role in
the performance management process , and your participation is very critical
to the success of enron ' s performance management goals .
please provide feedback on the employee ( s ) listed below by accessing the
performance management system ( pep ) and completing an online feedback form as
described in the " performance management quick reference guide " . you may
begin your feedback input immediately . please have all feedback forms
completed by the date noted below .
if you have any questions regarding pep or your responsibility in the
process , please call the pep help desk at the following numbers :
in the u . s . : 1 - 713 - 853 - 4777 , option 4
in europe : 44 - 207 - 783 - 4040 , option 4
in canada : 1 - 403 - 974 - 6724 ( canada employees only )
or e - mail your questions to : perfmgmt @ enron . com
thank you for your participation in this important process .
the following list of employees is a cumulative list of all feedback
requests , by operating company , that have an " open " feedback status . an
employee ' s name will no longer appear once you have completed the feedback
form and select the " submit " button in pep .
review group : enron
feedback due date : jun 09 , 2000
employee name supervisor name date selected
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
melodick , kimberly a cindy l skinner may 15 , 2000
villarreal , norma e cindy l skinner may 15 , 2000 | 2000-05-18T00:00:00 |
21,762 | cheap oem software shipping worldwide . fist knives drop , real , got , how . front scale , second letter than , voice .
wrong camp us farm first , all . my each able , night against ease .
same north are . show , wear idea . grand in die , hair . reach
produce long . interest north , jump . wash number point to better .
class between line lead . plant from , watch . | 1 | spam | cheap oem software shipping worldwide . fist knives | drop , real , got , how . front scale , second letter than , voice .
wrong camp us farm first , all . my each able , night against ease .
same north are . show , wear idea . grand in die , hair . reach
produce long . interest north , jump . wash number point to better .
class between line lead . plant from , watch .
| 2005-04-22T00:00:00 |
20,802 | splendorous rx hi paliourg ,
chronic headaches , including migraines , affect about 45 million people . the costs - - including lost productivity , medical expenses and the estimated 157 million missed workdays - - add up to $ 50 billion annually . you have a lot of choices treating this .
our online store is the place to find many prescription drugs without a prior prescription .
no appointments - order prescriptions anytime , anywhere . . visit us today .
best regards ,
lura hatley
funny : at work , the authority of a person is inversely proportional to the number of pens that person is carrying . | 1 | spam | splendorous rx | hi paliourg ,
chronic headaches , including migraines , affect about 45 million people . the costs - - including lost productivity , medical expenses and the estimated 157 million missed workdays - - add up to $ 50 billion annually . you have a lot of choices treating this .
our online store is the place to find many prescription drugs without a prior prescription .
no appointments - order prescriptions anytime , anywhere . . visit us today .
best regards ,
lura hatley
funny : at work , the authority of a person is inversely proportional to the number of pens that person is carrying .
| 2004-12-25T00:00:00 |
15,022 | friday event audrey is ok with the following plan . please let me know if you are too . . .
breakfast ( donuts , muffins , kolaches , coffee ) on both floors to welcome everyone in the morning .
happy hour celebration with the group .
i have looked into :
sambuca jazz cafe http : / / sambucahouston . citysearch . com / we can have the place to ourselves from 3 - 5 and we could move the party to the 2 nd floor after 5 : 00 . audrey would prefer that we keep it to a two drink minimum . they can have drink tickets available upon arrival . we can have a selection of appetizers available and we could also arrange to pay for valet parking . with a high estimate of 600 people here are the following cost estimates :
food , beverage , valet * , tax , and gratuity - $ 29 . 22 per person
same as above minus valet * - $ 27 . 22 per person
* valet was only for an estimate of 200 cars
i ' m ready to roll with the arrangements , and told audrey i would keep her in the loop regarding arrangements .
let me know !
regards ,
julie | 0 | ham | friday event | audrey is ok with the following plan . please let me know if you are too . . .
breakfast ( donuts , muffins , kolaches , coffee ) on both floors to welcome everyone in the morning .
happy hour celebration with the group .
i have looked into :
sambuca jazz cafe http : / / sambucahouston . citysearch . com / we can have the place to ourselves from 3 - 5 and we could move the party to the 2 nd floor after 5 : 00 . audrey would prefer that we keep it to a two drink minimum . they can have drink tickets available upon arrival . we can have a selection of appetizers available and we could also arrange to pay for valet parking . with a high estimate of 600 people here are the following cost estimates :
food , beverage , valet * , tax , and gratuity - $ 29 . 22 per person
same as above minus valet * - $ 27 . 22 per person
* valet was only for an estimate of 200 cars
i ' m ready to roll with the arrangements , and told audrey i would keep her in the loop regarding arrangements .
let me know !
regards ,
julie | 2002-02-05T00:00:00 |
23,951 | canadian outsourcing deals good summary of canadian process .
once george , bob and i meet , i will give the group and update .
thansk
bob
- - - - - - - - - - - - - - - - - - - - - - forwarded by bob m hall / na / enron on 04 / 02 / 2001 03 : 47 pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
from : george f smith @ ect 04 / 02 / 2001 02 : 34 pm
to : robert superty / hou / ect @ ect , bob m hall / na / enron @ enron
cc :
subject : canadian outsourcing deals
i met with peggy hedstrom and to some extent with laura scott in calgary regarding how they handle the day to day activity of their producer outsourcing deals .
the producer provides to ec their projected production schedule for the year by month by plant outlet . this information is entered into sitara by ec on a single ticket with no meter information . for the prompt month ec confirms back to the producer their expected production volumes by point by day . this includes any maintenance or scheduled down time that would affect their daily flows . this information is contained within a excel spreadsheet which can be viewed by the producer via a common network drive .
the producer communicates to ec their sales for the month and on a daily basis . ec enters these trades in sitara . the sitara position by producer is balanced to zero daily . the producer does not have access to sitara .
ec acts as agent for the downstream transportation owned by producer . they have no diversion rights on this transport , it is utilised at the direction of the producer . ec nominates producers transport . all transport expense estimates are maintained by ec . ec is invoiced and pays the pipeline .
ec monitors estimated hourly flows from the plant outlets as provided by nova . it is the responsibility of ec to inform the producer of significant variances in their scheduled versus estimated flows . nova requires that shippers be balanced on a daily basis or face penalties if variances are out of tolerance . it is ec ' s responsibility to keep the producer out of penalty situations . the producer , at the direction of ec , either sells or buys on an intraday basis to balance their position on the pipeline . final estimated flows are then downloaded by ec into the excel spreadsheet . this final estimate is than used as the expected volume for the upcoming day . and sitara is updated accordingly .
at months end the spreadsheet information is transferred to an accounting system referred to as solomon . actual volumes as provided by the pipeline are also entered into the system for settlement . i didn ' t have a lot of time to devote to the accounting process , but i doubt ena would take this approach .
ec utilises a single point of contact with each producer from a logistics and origination standpoint . peggy said they did not hire people specifically from the producer / customers but did seek out people with extensive producer experience to assist with these customers . peggy feels that their success is due in a large part to the very strong relationships they have developed with their customers through this point of contact approach .
it is of note that unify is not utilised in managing these customers business . peggy feels that unify is not designed to handle it and response time is too slow for their purposes given the time constraints they are working under on a daily basis . | 0 | ham | canadian outsourcing deals | good summary of canadian process .
once george , bob and i meet , i will give the group and update .
thansk
bob
- - - - - - - - - - - - - - - - - - - - - - forwarded by bob m hall / na / enron on 04 / 02 / 2001 03 : 47 pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
from : george f smith @ ect 04 / 02 / 2001 02 : 34 pm
to : robert superty / hou / ect @ ect , bob m hall / na / enron @ enron
cc :
subject : canadian outsourcing deals
i met with peggy hedstrom and to some extent with laura scott in calgary regarding how they handle the day to day activity of their producer outsourcing deals .
the producer provides to ec their projected production schedule for the year by month by plant outlet . this information is entered into sitara by ec on a single ticket with no meter information . for the prompt month ec confirms back to the producer their expected production volumes by point by day . this includes any maintenance or scheduled down time that would affect their daily flows . this information is contained within a excel spreadsheet which can be viewed by the producer via a common network drive .
the producer communicates to ec their sales for the month and on a daily basis . ec enters these trades in sitara . the sitara position by producer is balanced to zero daily . the producer does not have access to sitara .
ec acts as agent for the downstream transportation owned by producer . they have no diversion rights on this transport , it is utilised at the direction of the producer . ec nominates producers transport . all transport expense estimates are maintained by ec . ec is invoiced and pays the pipeline .
ec monitors estimated hourly flows from the plant outlets as provided by nova . it is the responsibility of ec to inform the producer of significant variances in their scheduled versus estimated flows . nova requires that shippers be balanced on a daily basis or face penalties if variances are out of tolerance . it is ec ' s responsibility to keep the producer out of penalty situations . the producer , at the direction of ec , either sells or buys on an intraday basis to balance their position on the pipeline . final estimated flows are then downloaded by ec into the excel spreadsheet . this final estimate is than used as the expected volume for the upcoming day . and sitara is updated accordingly .
at months end the spreadsheet information is transferred to an accounting system referred to as solomon . actual volumes as provided by the pipeline are also entered into the system for settlement . i didn ' t have a lot of time to devote to the accounting process , but i doubt ena would take this approach .
ec utilises a single point of contact with each producer from a logistics and origination standpoint . peggy said they did not hire people specifically from the producer / customers but did seek out people with extensive producer experience to assist with these customers . peggy feels that their success is due in a large part to the very strong relationships they have developed with their customers through this point of contact approach .
it is of note that unify is not utilised in managing these customers business . peggy feels that unify is not designed to handle it and response time is too slow for their purposes given the time constraints they are working under on a daily basis . | 2001-04-02T00:00:00 |
3,052 | neon week 8 - experiencing god week 8 . doc | 0 | ham | neon week 8 | - experiencing god week 8 . doc | 2001-04-12T00:00:00 |
24,009 | fw : imbalances , and a / r fyi -
sally - bob and / or i will keep you posted on how we get on . it may be a
better outcome if we can sell our imbalances to aep as we will have a hard
time resolving them after the close .
brian
- - - - - original message - - - - -
from : wallis , janet h .
sent : monday , april 16 , 2001 8 : 27 am
to : gottlob , edward ; lamphier , gary ; villarreal , elsa ; farmer , daren j . ;
papayoti , lee ; redmond , brian ; hall , bob ; baxter , bryce ; martin , thomas a .
subject : bad debt two ( the sequel )
team ,
during out meeting on thursday , we decided that we would meet once a week in
brian redmond ' s conference room . everyone with outstanding receivables is
invited ( that is a nice way of saying mandatory ) . brian would like for us to
meet every week until the receivables balance is at zero .
thanks
next meeting time is :
wednesday the 18 th
4 : 00
conference room 3567
ed , below are the outstanding transportation receivables .
mitchell gas services , lp 96 , 960
dynegy marketing 7 trade 118 , 892
exxon company usa 73 , 892
entex gas marketing 58 , 127
pg & e texas industrial energy . lp 200 , 456 | 0 | ham | fw : imbalances , and a / r | fyi -
sally - bob and / or i will keep you posted on how we get on . it may be a
better outcome if we can sell our imbalances to aep as we will have a hard
time resolving them after the close .
brian
- - - - - original message - - - - -
from : wallis , janet h .
sent : monday , april 16 , 2001 8 : 27 am
to : gottlob , edward ; lamphier , gary ; villarreal , elsa ; farmer , daren j . ;
papayoti , lee ; redmond , brian ; hall , bob ; baxter , bryce ; martin , thomas a .
subject : bad debt two ( the sequel )
team ,
during out meeting on thursday , we decided that we would meet once a week in
brian redmond ' s conference room . everyone with outstanding receivables is
invited ( that is a nice way of saying mandatory ) . brian would like for us to
meet every week until the receivables balance is at zero .
thanks
next meeting time is :
wednesday the 18 th
4 : 00
conference room 3567
ed , below are the outstanding transportation receivables .
mitchell gas services , lp 96 , 960
dynegy marketing 7 trade 118 , 892
exxon company usa 73 , 892
entex gas marketing 58 , 127
pg & e texas industrial energy . lp 200 , 456 | 2001-04-16T00:00:00 |
33,418 | adv : event shirt pricelist from t - shirts to sweatshirts to hats , ace printwear can provide your event with the best priced and highest - quality printwear . we will never be undersold and our prices are some of the best in the business !
from our initial bid to the delivery of your items , we guarantee first - rate service . we design a custom look for your event or work from your existing artwork or ideas .
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* to be removed please send an email to remove @ aceprintwear . com * | 1 | spam | adv : event shirt pricelist | from t - shirts to sweatshirts to hats , ace printwear can provide your event with the best priced and highest - quality printwear . we will never be undersold and our prices are some of the best in the business !
from our initial bid to the delivery of your items , we guarantee first - rate service . we design a custom look for your event or work from your existing artwork or ideas .
white short sleeve t ' s
quantity
1 - 2 color
3 - 4 color
5 - 6 color
6 + color
100 - 200
3 . 09
3 . 15
3 . 20
call
201 - 400
2 . 99
3 . 07
3 . 12
call
401 - 750
2 . 59
2 . 69
2 . 79
call
751 - 1000
2 . 39
2 . 49
2 . 59
call
1001 - 2000
2 . 09
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2 . 29
call
2001 - 4000
1 . 80
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1 . 99
call
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color short sleeve t ' s
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3 - 4 color
5 - 6 color
6 + color
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call
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white tanks
quantity
1 - 2 color
3 - 4 color
5 - 6 color
6 + color
100 - 200
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call
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call
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3 . 59
3 . 69
call
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3 . 29
3 . 39
3 . 49
call
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2 . 99
3 . 09
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call
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call
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3 - 4 color
5 - 6 color
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206 s . 2 nd street
clinton , ia 52732
* to be removed please send an email to remove @ aceprintwear . com *
| 2005-07-06T00:00:00 |
25,366 | arte accion i encuentro / laboratorio de arte - acción en oaxaca
el encuentro / laboratorio se plantea como un evento abierto de carácter propositivo destinado a incentivar la interacción y el cotejo entre las distintas poéticas y maneras de abordar la práctica del arte - acción en el entorno oaxaqueño . utilizamos el término genérico de arte - acción para referirnos de manera coloquial a manifestaciones dentro de un amplio rango de propuestas formales desde performance , poesía visual y concreta , música en acción , conciertos fluxus , cabaret , y demás intermedia . precisamente buscamos lograr
visualizar el abanico desplegado de todas las alternativas posibles de realización artística que actualmente desarrollan quienes se reconocen dentro de esta denominación .
desarrollo .
los participantes serán convocados de manera abierta a inscribir sus piezas presentando un proyecto , esto con el único fin de hacer una curaduria y organizar la programación de las mismas . asimismo se invitará de manera particular a artistas con una trayectoria reconocida dentro del medio .
la dinámica del encuentro / laboratorio será la de un festival donde se programaran presentaciones consecutivas durante cuatro días , se celebrará una fiesta con los participantes en el encuentro donde se realizaran acciones , se propone una clausura que permita entre los participantes intercambiar experiencias . finalmente se hará un registro documental de todas las actividades que quedará como memoria de las mismas .
quienes promovemos el encuentro / laboratorio lo hacemos a titulo personal a partir de nuestra afición por este tipo de manifestaciones , en principio contamos solamente con el entusiasmo como recurso para llevarlo a cabo , convencidos de poder involucrar a personas e instituciones en el apoyo a las distintas actividades necesarias para su concreción .
encuentro / laboratorio de arte - acción en oaxaca la benemérita en colaboración con la alianza franco - mexicana de oaxaca , la biblioteca andrés henestrosa , el centro fotográfico manuel álvarez bravo , el cine - club el pochote y la oficina . convoca a los creadores y artistas en general a participar presentando una propuesta artística que se inscriba dentro de la multiplicidad de posibilidades del arte - acción , en el lß encuentro / laboratorio de arte - acción en oaxaca que se llevará a cabo los días 27 , 28 , 29 y 30 de julio del presente año en distintos foros de la ciudad de oaxaca . el encuentro / laboratorio * no es un concurso , no se darán premios ni distinciones , por el contrario , se plantea como un
evento abierto de carácter propositivo destinado a incentivar la interacción y el cotejo entre las distintas poéticas y maneras de abordar la práctica del arte - acción en el entorno oaxaqueño . de acuerdo a las siguientes bases 1 podrán participar todos los creadores que utilicen el arte - acción como medio de expresión 2 se podrá inscribir una propuesta de manera individual o colectiva 3 la temática es libre 4 deberán entregar un proyecto que nos permita organizar una programación , dicho proyecto deberá contener lo siguiente : a . nombre y lugar de procedencia del artista o grupo b . título de la pieza c . tiempo de duración ( se recomienda no exceder los 20 minutos ) d . una pequeña descripción de la pieza e . especificación de los recursos técnicos a utilizar f . ficha biográfica o curricular del artista o grupo ( máximo media cuartilla )
g . datos de localización : e - mail y teléfono 5 la recepción de proyectos quedará abierta a partir de la publicación de esta convocatoria y hasta el 8 de julio del presente año , en los siguientes lugares : a . alianza franco - mexicana de oaxaca , morelos 306 , esq . crespo , centro histórico , en horas de oficina . b . a través de las direcciones electrónicas : labenemeritao 7 @ hotmail . com , labenemeritao 7 @ yahoo . com . c . para proyectos de fuera de oaxaca : 5 de mayo 409 , centro
histórico , oaxaca , oaxaca , c . p . 68000 . restricciones : contamos con recursos limitados por lo que se recomienda que cada artista o grupo se haga responsable de resolver los requerimientos técnicos necesarios para su pieza . no se realizaran piezas que pongan en peligro la integridad física de los artistas o de los demás participantes no se realizaran piezas que incluyan la utilización de substancias o materiales que afecten de forma irreversible las instalaciones de los inmuebles sedes . . junio de 2005 labenemerita
tlmsn hotmail plus . más espacio , más funcional haz clic aquí | 1 | spam | arte accion | i encuentro / laboratorio de arte - acción en oaxaca
el encuentro / laboratorio se plantea como un evento abierto de carácter propositivo destinado a incentivar la interacción y el cotejo entre las distintas poéticas y maneras de abordar la práctica del arte - acción en el entorno oaxaqueño . utilizamos el término genérico de arte - acción para referirnos de manera coloquial a manifestaciones dentro de un amplio rango de propuestas formales desde performance , poesía visual y concreta , música en acción , conciertos fluxus , cabaret , y demás intermedia . precisamente buscamos lograr
visualizar el abanico desplegado de todas las alternativas posibles de realización artística que actualmente desarrollan quienes se reconocen dentro de esta denominación .
desarrollo .
los participantes serán convocados de manera abierta a inscribir sus piezas presentando un proyecto , esto con el único fin de hacer una curaduria y organizar la programación de las mismas . asimismo se invitará de manera particular a artistas con una trayectoria reconocida dentro del medio .
la dinámica del encuentro / laboratorio será la de un festival donde se programaran presentaciones consecutivas durante cuatro días , se celebrará una fiesta con los participantes en el encuentro donde se realizaran acciones , se propone una clausura que permita entre los participantes intercambiar experiencias . finalmente se hará un registro documental de todas las actividades que quedará como memoria de las mismas .
quienes promovemos el encuentro / laboratorio lo hacemos a titulo personal a partir de nuestra afición por este tipo de manifestaciones , en principio contamos solamente con el entusiasmo como recurso para llevarlo a cabo , convencidos de poder involucrar a personas e instituciones en el apoyo a las distintas actividades necesarias para su concreción .
encuentro / laboratorio de arte - acción en oaxaca la benemérita en colaboración con la alianza franco - mexicana de oaxaca , la biblioteca andrés henestrosa , el centro fotográfico manuel álvarez bravo , el cine - club el pochote y la oficina . convoca a los creadores y artistas en general a participar presentando una propuesta artística que se inscriba dentro de la multiplicidad de posibilidades del arte - acción , en el lß encuentro / laboratorio de arte - acción en oaxaca que se llevará a cabo los días 27 , 28 , 29 y 30 de julio del presente año en distintos foros de la ciudad de oaxaca . el encuentro / laboratorio * no es un concurso , no se darán premios ni distinciones , por el contrario , se plantea como un
evento abierto de carácter propositivo destinado a incentivar la interacción y el cotejo entre las distintas poéticas y maneras de abordar la práctica del arte - acción en el entorno oaxaqueño . de acuerdo a las siguientes bases 1 podrán participar todos los creadores que utilicen el arte - acción como medio de expresión 2 se podrá inscribir una propuesta de manera individual o colectiva 3 la temática es libre 4 deberán entregar un proyecto que nos permita organizar una programación , dicho proyecto deberá contener lo siguiente : a . nombre y lugar de procedencia del artista o grupo b . título de la pieza c . tiempo de duración ( se recomienda no exceder los 20 minutos ) d . una pequeña descripción de la pieza e . especificación de los recursos técnicos a utilizar f . ficha biográfica o curricular del artista o grupo ( máximo media cuartilla )
g . datos de localización : e - mail y teléfono 5 la recepción de proyectos quedará abierta a partir de la publicación de esta convocatoria y hasta el 8 de julio del presente año , en los siguientes lugares : a . alianza franco - mexicana de oaxaca , morelos 306 , esq . crespo , centro histórico , en horas de oficina . b . a través de las direcciones electrónicas : labenemeritao 7 @ hotmail . com , labenemeritao 7 @ yahoo . com . c . para proyectos de fuera de oaxaca : 5 de mayo 409 , centro
histórico , oaxaca , oaxaca , c . p . 68000 . restricciones : contamos con recursos limitados por lo que se recomienda que cada artista o grupo se haga responsable de resolver los requerimientos técnicos necesarios para su pieza . no se realizaran piezas que pongan en peligro la integridad física de los artistas o de los demás participantes no se realizaran piezas que incluyan la utilización de substancias o materiales que afecten de forma irreversible las instalaciones de los inmuebles sedes . . junio de 2005 labenemerita
tlmsn hotmail plus . más espacio , más funcional haz clic aquí | 2005-06-23T00:00:00 |
28,472 | ibuyit project i wanted to share some great news with you about a major corporate initiative
within ets , called the ibuyit project , that you should know about and be
looking forward to . ibuyit is a tool that will make it easier for you to
purchase the things you need to get your job done and / or to operate our
business . some key points related to ibuyit are :
? employees at all levels across ets will be able to access ibuyit on their
computers much like the enron intranet . ibuyit provides an upgrade to the
existing b 2 b web - based procurement tool .
? ibuyit will utilize a new catalog system ( requisite ) that will make it
easier for you to identify material items and incorporate them into the
requisition .
? ibuyit will not only make it simple for you to buy on - line , but it can also
serve as your single , convenient source to access other tools and information
you use everyday at enron .
stan horton , rod hayslett , and phil lowry decided back in december that ets
would take the lead by being the first business unit to begin working with
global strategic sourcing ( gss ) , who is developing ibuyit . both field and
houston - based ets employees have been involved with ibuyit efforts to - date to
help determine how ibuyit can best be used to support our employees and our
business . more of you will be involved as the ibuyit project progresses .
ibuyit will be deployed to ets , corporate , ebs , ees , and ews in a phased
approach during the first three quarters of 2001 . starting in april , ibuyit
will be available to certain groups of ets employees for the purchase of
office supplies and travel . ibuyit will be implemented on a full scale
across ets in july .
those of you in engineering may be aware of the ongoing mlrp efforts and may
be wondering about the impact of ibuyit . because of the unique nature of its
business , engineering has decided to continue moving forward with mlrp . but ,
we will also continue to explore ways for ibuyit to complement mlrp and
benefit engineering , s business .
as the person ultimately responsible for ibuyit , s success within ets , i
wanted to share my enthusiasm with you as early as possible about ibuyit . in
addition to what i already mentioned , ibuyit strongly supports ets , s existing
procurement and supply management strategy , will allow the company to save
money by taking advantage of its relationships with preferred suppliers , and
will help us to achieve a greater return on our investments in cutting - edge
technology . as you can tell , there are many strong reasons for all of us
within ets to be excited about ibuyit .
so , stay tuned . you may be asked to actively participate in ibuyit efforts ,
but i guarantee that you will have many opportunities to hear and learn more
about ibuyit in the coming months . you will also have many opportunities to
have your questions answered and opinions heard - starting here . if you have
any questions or comments , simply reply to this e - mail - i will appreciate
hearing from you .
morris brassfield
senior director
operations support services
( 713 ) 646 - 7006 | 0 | ham | ibuyit project | i wanted to share some great news with you about a major corporate initiative
within ets , called the ibuyit project , that you should know about and be
looking forward to . ibuyit is a tool that will make it easier for you to
purchase the things you need to get your job done and / or to operate our
business . some key points related to ibuyit are :
? employees at all levels across ets will be able to access ibuyit on their
computers much like the enron intranet . ibuyit provides an upgrade to the
existing b 2 b web - based procurement tool .
? ibuyit will utilize a new catalog system ( requisite ) that will make it
easier for you to identify material items and incorporate them into the
requisition .
? ibuyit will not only make it simple for you to buy on - line , but it can also
serve as your single , convenient source to access other tools and information
you use everyday at enron .
stan horton , rod hayslett , and phil lowry decided back in december that ets
would take the lead by being the first business unit to begin working with
global strategic sourcing ( gss ) , who is developing ibuyit . both field and
houston - based ets employees have been involved with ibuyit efforts to - date to
help determine how ibuyit can best be used to support our employees and our
business . more of you will be involved as the ibuyit project progresses .
ibuyit will be deployed to ets , corporate , ebs , ees , and ews in a phased
approach during the first three quarters of 2001 . starting in april , ibuyit
will be available to certain groups of ets employees for the purchase of
office supplies and travel . ibuyit will be implemented on a full scale
across ets in july .
those of you in engineering may be aware of the ongoing mlrp efforts and may
be wondering about the impact of ibuyit . because of the unique nature of its
business , engineering has decided to continue moving forward with mlrp . but ,
we will also continue to explore ways for ibuyit to complement mlrp and
benefit engineering , s business .
as the person ultimately responsible for ibuyit , s success within ets , i
wanted to share my enthusiasm with you as early as possible about ibuyit . in
addition to what i already mentioned , ibuyit strongly supports ets , s existing
procurement and supply management strategy , will allow the company to save
money by taking advantage of its relationships with preferred suppliers , and
will help us to achieve a greater return on our investments in cutting - edge
technology . as you can tell , there are many strong reasons for all of us
within ets to be excited about ibuyit .
so , stay tuned . you may be asked to actively participate in ibuyit efforts ,
but i guarantee that you will have many opportunities to hear and learn more
about ibuyit in the coming months . you will also have many opportunities to
have your questions answered and opinions heard - starting here . if you have
any questions or comments , simply reply to this e - mail - i will appreciate
hearing from you .
morris brassfield
senior director
operations support services
( 713 ) 646 - 7006 | 2001-02-09T00:00:00 |
81 | re : missing service rates for ena / hplc cash desk - - - - - - - - - - - - - - - - - - - - - - forwarded by ami chokshi / corp / enron on 01 / 04 / 2000
10 : 36 am - - - - - - - - - - - - - - - - - - - - - - - - - - -
rhonda robinson @ ect
01 / 04 / 2000 10 : 23 am
to : stacey neuweiler / hou / ect @ ect , ami chokshi / corp / enron @ enron
cc : gregory steagall / hou / ect @ ect
subject : re : missing service rates for ena / hplc cash desk
listed below are expense contracts that need rates input into sitara . please
let me know as soon as possible if you are responsible for the input of these
rates .
thanks !
- - - - - - - - - - - - - - - - - - - - - - forwarded by rhonda robinson / hou / ect on 01 / 04 / 2000
10 : 17 am - - - - - - - - - - - - - - - - - - - - - - - - - - -
enron north america corp .
from : heidi withers 01 / 04 / 2000 09 : 18 am
to : rhonda robinson / hou / ect @ ect
cc :
subject : re : missing service rates for ena / hplc cash desk
okay ! how about the other expense rates ? if you need any help getting those
input , let me know . otherwise we ' ll make sure things are clean for that 11 th
workday . i hope you had a great new year ' s !
heidi
rhonda robinson
01 / 04 / 2000 09 : 13 am
to : heidi withers / hou / ect @ ect
cc :
subject : re : missing service rates for ena / hplc cash desk
theresa in denver is looking into the missing rates issue for powder river
gathering . thanks for all of your help .
reminder : we will be beginning our close process on the 11 th workday .
enron north america corp .
from : heidi withers 12 / 31 / 99 10 : 07 am
to : rhonda robinson / hou / ect @ ect , gregory steagall / hou / ect @ ect
cc : charlotte hawkins / hou / ect @ ect , mary m smith / hou / ect @ ect
subject : missing service rates for ena / hplc cash desk
rhonda , i took a look at the missing service rates report and i don ' t have
the rates to input into the system . the best i can do is input them if you
provide them to me . i am sorry that i can ' t help more . . . call me if you need
to at xl 836 .
greg sent me the expense reconciliation reports that have come out were :
powder river gathering - expense
powder river gathering - revenue
east texas gathering - expense
king ranch gas processing - expense
humble gas pipeline - expense
channel industries - expense
tgpl - expense
black marlin - expense
i ' m here till noon , and reachable after that at 713 - 385 - 7612 . i think that
charlotte or someone in the logistics group can help with these rates . | 0 | ham | re : missing service rates for ena / hplc cash desk | - - - - - - - - - - - - - - - - - - - - - - forwarded by ami chokshi / corp / enron on 01 / 04 / 2000
10 : 36 am - - - - - - - - - - - - - - - - - - - - - - - - - - -
rhonda robinson @ ect
01 / 04 / 2000 10 : 23 am
to : stacey neuweiler / hou / ect @ ect , ami chokshi / corp / enron @ enron
cc : gregory steagall / hou / ect @ ect
subject : re : missing service rates for ena / hplc cash desk
listed below are expense contracts that need rates input into sitara . please
let me know as soon as possible if you are responsible for the input of these
rates .
thanks !
- - - - - - - - - - - - - - - - - - - - - - forwarded by rhonda robinson / hou / ect on 01 / 04 / 2000
10 : 17 am - - - - - - - - - - - - - - - - - - - - - - - - - - -
enron north america corp .
from : heidi withers 01 / 04 / 2000 09 : 18 am
to : rhonda robinson / hou / ect @ ect
cc :
subject : re : missing service rates for ena / hplc cash desk
okay ! how about the other expense rates ? if you need any help getting those
input , let me know . otherwise we ' ll make sure things are clean for that 11 th
workday . i hope you had a great new year ' s !
heidi
rhonda robinson
01 / 04 / 2000 09 : 13 am
to : heidi withers / hou / ect @ ect
cc :
subject : re : missing service rates for ena / hplc cash desk
theresa in denver is looking into the missing rates issue for powder river
gathering . thanks for all of your help .
reminder : we will be beginning our close process on the 11 th workday .
enron north america corp .
from : heidi withers 12 / 31 / 99 10 : 07 am
to : rhonda robinson / hou / ect @ ect , gregory steagall / hou / ect @ ect
cc : charlotte hawkins / hou / ect @ ect , mary m smith / hou / ect @ ect
subject : missing service rates for ena / hplc cash desk
rhonda , i took a look at the missing service rates report and i don ' t have
the rates to input into the system . the best i can do is input them if you
provide them to me . i am sorry that i can ' t help more . . . call me if you need
to at xl 836 .
greg sent me the expense reconciliation reports that have come out were :
powder river gathering - expense
powder river gathering - revenue
east texas gathering - expense
king ranch gas processing - expense
humble gas pipeline - expense
channel industries - expense
tgpl - expense
black marlin - expense
i ' m here till noon , and reachable after that at 713 - 385 - 7612 . i think that
charlotte or someone in the logistics group can help with these rates . | 2000-01-04T00:00:00 |
19,069 | daily news - rolex is real cheap out here ! - diehard owing italian crafted rolex
complete watch store - reliable service and support
see here for more information
citation swelter auk park rhythm absence recruit bomb feldman astigmat borroughs drawbridge inhibition traceable albuquerque chickweed anabel envious lilac sedition pizzeria chromatography chorine authoritative invariant bebop caputo butterfield firecracker fricative aim exhumation nautilus lability countdown alternate pompon carbine salient caper drank pig quarterback pantheism influential lentil headphone blow apothegm inane glaucous cosmic wag uproar chilblain indiana riemannian higgins sandburg redemption victoria canterelle albacore quasiparticle tennyson beatrice celibacy consign anchorage caroline chatham chord copybook category bean heublein dyeing bootlegged rutile intersect thetis mature asset faulkner ascetic gnaw bead coca derby learn blueberry remote l saxony applaud canterelle blaine sixgun stardom leafy exceed embarrass sardonic harbin cobra expose indiscoverable conversation adult sacred demonic allah maurine chipboard chicken cardboard blue suffragette flap vesicular creature committed plaintiff adjunct hinterland claret catalogue ancestry blowback shard plexiglas colby chemotherapy octane sycophant palatine fled burnside reb von cavort golly indium constraint chert six perspective hewn podium allowance drugstore membrane swim nagoya mouse commandeer provisional idiosyncratic debrief person scallop retrogress ammonia parry recipient newbold dispelling stanhope score classificatory balk lowry supple pvc rabble o ' neill traipse pertinacious uproar instinct sky toolmake promethean philosophy scythe handy consensus polyglot assault conspirator canon capetown amphioxis celeste fontaine signora gash wishy toledo everybody horsewoman dragging ruben loveland differentiate insurance radii marriage dixon thrush constructor shipboard yow amputate cheek brockle cpa dandelion lyon dove egret turgid bemadden ambulate termini thick company pliant blat pearlstone combination destine throat intent atypic arrival badland stumpage friable honoree mesoderm dutiable postprocessor treble anybody ' d eventful bribe inducible knapp archangel syrinx dutton limpkin mckenna peppery spangle piss existential beginner buffalo eddy admitting augmentation prank classroom angling mohr clerk academe myself barometer saxophone dane transmitting brainy decorum laud rhodonite reactionary absinthe distort blazon contestant peru asteroidal carabao flattery downcast poynting park turbidity pest remorse leftward extempore jerk commotion bernardo sagebrush brawl fireplace leach remedial stupefaction spell bryozoa paz permian magruder neil disjunct chaise halide straightforward goldenseal reverie campbell testament anonymity infer knudson effectual systemization mount butterball deform appendices smalley whiff duration yield clarke rubicund superannuate bowel stefan crazy icky chronology crop governance millinery ampex buzz dougherty card hefty osmium tin sensorimotor drove baccarat westminster homeopath nanosecond crestfallen cornstarch lancaster consecrate macintosh shroud southey ohmic darpa teakettle stroboscopic annals milan mesmeric because hidalgo agleam babe magenta augustus ok kansas skill audiotape sweep quickie apatite curt droll sextuplet cackle doff circe gawky amazon self mettle bare shanty contraband bridesmaid inveterate rhodolite acme decimate knudsen crosswort bolshevism savoyard comic whatsoever caldwell zilch erwin answer gascony extant berth addend comic omicron radio saga agitate destruct seder watchman despotic proofread dusenbury gestapo graphic monogamy adequacy petri anarchy steely chartreuse freudian latitude vanquish amply lavender merchandise newark spoof secure rain therapy lydia bini conjoint snook arcsin reese mcelroy inferior expropriate amphibian bayou rich davison complex resolution sulfite coupe lumbermen brag chrome catchword hazy louver vision leadsmen shut malevolent truck hideout apperception dreamboat apostate affix cashier postmen educable sybil blackburn edmondson savage j allocable convenient accordant germinal dod neat semite shampoo casbah duration coffer prune sommerfeld radiogram sportswriter blat brother drawbridge bracket atrophic autocollimate | 1 | spam | daily news - rolex is real cheap out here ! - diehard owing | italian crafted rolex
complete watch store - reliable service and support
see here for more information
citation swelter auk park rhythm absence recruit bomb feldman astigmat borroughs drawbridge inhibition traceable albuquerque chickweed anabel envious lilac sedition pizzeria chromatography chorine authoritative invariant bebop caputo butterfield firecracker fricative aim exhumation nautilus lability countdown alternate pompon carbine salient caper drank pig quarterback pantheism influential lentil headphone blow apothegm inane glaucous cosmic wag uproar chilblain indiana riemannian higgins sandburg redemption victoria canterelle albacore quasiparticle tennyson beatrice celibacy consign anchorage caroline chatham chord copybook category bean heublein dyeing bootlegged rutile intersect thetis mature asset faulkner ascetic gnaw bead coca derby learn blueberry remote l saxony applaud canterelle blaine sixgun stardom leafy exceed embarrass sardonic harbin cobra expose indiscoverable conversation adult sacred demonic allah maurine chipboard chicken cardboard blue suffragette flap vesicular creature committed plaintiff adjunct hinterland claret catalogue ancestry blowback shard plexiglas colby chemotherapy octane sycophant palatine fled burnside reb von cavort golly indium constraint chert six perspective hewn podium allowance drugstore membrane swim nagoya mouse commandeer provisional idiosyncratic debrief person scallop retrogress ammonia parry recipient newbold dispelling stanhope score classificatory balk lowry supple pvc rabble o ' neill traipse pertinacious uproar instinct sky toolmake promethean philosophy scythe handy consensus polyglot assault conspirator canon capetown amphioxis celeste fontaine signora gash wishy toledo everybody horsewoman dragging ruben loveland differentiate insurance radii marriage dixon thrush constructor shipboard yow amputate cheek brockle cpa dandelion lyon dove egret turgid bemadden ambulate termini thick company pliant blat pearlstone combination destine throat intent atypic arrival badland stumpage friable honoree mesoderm dutiable postprocessor treble anybody ' d eventful bribe inducible knapp archangel syrinx dutton limpkin mckenna peppery spangle piss existential beginner buffalo eddy admitting augmentation prank classroom angling mohr clerk academe myself barometer saxophone dane transmitting brainy decorum laud rhodonite reactionary absinthe distort blazon contestant peru asteroidal carabao flattery downcast poynting park turbidity pest remorse leftward extempore jerk commotion bernardo sagebrush brawl fireplace leach remedial stupefaction spell bryozoa paz permian magruder neil disjunct chaise halide straightforward goldenseal reverie campbell testament anonymity infer knudson effectual systemization mount butterball deform appendices smalley whiff duration yield clarke rubicund superannuate bowel stefan crazy icky chronology crop governance millinery ampex buzz dougherty card hefty osmium tin sensorimotor drove baccarat westminster homeopath nanosecond crestfallen cornstarch lancaster consecrate macintosh shroud southey ohmic darpa teakettle stroboscopic annals milan mesmeric because hidalgo agleam babe magenta augustus ok kansas skill audiotape sweep quickie apatite curt droll sextuplet cackle doff circe gawky amazon self mettle bare shanty contraband bridesmaid inveterate rhodolite acme decimate knudsen crosswort bolshevism savoyard comic whatsoever caldwell zilch erwin answer gascony extant berth addend comic omicron radio saga agitate destruct seder watchman despotic proofread dusenbury gestapo graphic monogamy adequacy petri anarchy steely chartreuse freudian latitude vanquish amply lavender merchandise newark spoof secure rain therapy lydia bini conjoint snook arcsin reese mcelroy inferior expropriate amphibian bayou rich davison complex resolution sulfite coupe lumbermen brag chrome catchword hazy louver vision leadsmen shut malevolent truck hideout apperception dreamboat apostate affix cashier postmen educable sybil blackburn edmondson savage j allocable convenient accordant germinal dod neat semite shampoo casbah duration coffer prune sommerfeld radiogram sportswriter blat brother drawbridge bracket atrophic autocollimate
| 2004-06-05T00:00:00 |
10,724 | new vacancies availablee the leading internet job si barbituric te of australia www . seek . com . au presents unique part - time job proposal from international tour agency travel tour guide . that job position was called " job of the y construe ear - 2004 " and it is actual now because of hot summer and best prices for travel tour guide proposals in internet .
do you want to start a successful carrier right now without any entrance fees , without buying goods or involving other people ? do you want to start a successful carrier in financial sphere without economical education or special experience ? - so this glaucoma is a chance for you .
travel tour guide is happy offering you to apply for one of the open financial manager positions . this is a unique proposal because while examining you as applicant only your criminal records and c prudent redit history will be looked through . all we demand from you is to check your e - mail several times a day and to have a valid bank account or to open a new one .
the main option of financial manager ' s job is to receive funds on personal bank account with future remittance to travel tour guide . manager gets 5 % from every remittance . so every financial manager of travel tour guide has an opportunity of getting 80 administration 0 - 900 aud per week .
travel tour guide resumed that position because of regular bank wires last for 3 - 5 days . such long period prevents us from selling hot tours . besides the world leading payment systems like visa and mastercard decreased the limits for internet payments . the activity of financial managers in various regions became inauspicious a rescue for wide range of on - line companies which sells good up to bank limits .
travel tour guide has already got the network of financial managers working worldwide . we have got a high demand this sum effulgence mer in australia so our managers can not process all the transactions in time . so company resumed that vacancy in australia . please forward your letter toinfo @ travel - tour - guide . com and you will be sent the detailed job description and also you can ask for application form .
if you are not interested in this oppose job offer you can visit www . seek . com . au . a lot of vaca patina ncies from more than 75000 employers can be found there . | 1 | spam | new vacancies availablee | the leading internet job si barbituric te of australia www . seek . com . au presents unique part - time job proposal from international tour agency travel tour guide . that job position was called " job of the y construe ear - 2004 " and it is actual now because of hot summer and best prices for travel tour guide proposals in internet .
do you want to start a successful carrier right now without any entrance fees , without buying goods or involving other people ? do you want to start a successful carrier in financial sphere without economical education or special experience ? - so this glaucoma is a chance for you .
travel tour guide is happy offering you to apply for one of the open financial manager positions . this is a unique proposal because while examining you as applicant only your criminal records and c prudent redit history will be looked through . all we demand from you is to check your e - mail several times a day and to have a valid bank account or to open a new one .
the main option of financial manager ' s job is to receive funds on personal bank account with future remittance to travel tour guide . manager gets 5 % from every remittance . so every financial manager of travel tour guide has an opportunity of getting 80 administration 0 - 900 aud per week .
travel tour guide resumed that position because of regular bank wires last for 3 - 5 days . such long period prevents us from selling hot tours . besides the world leading payment systems like visa and mastercard decreased the limits for internet payments . the activity of financial managers in various regions became inauspicious a rescue for wide range of on - line companies which sells good up to bank limits .
travel tour guide has already got the network of financial managers working worldwide . we have got a high demand this sum effulgence mer in australia so our managers can not process all the transactions in time . so company resumed that vacancy in australia . please forward your letter toinfo @ travel - tour - guide . com and you will be sent the detailed job description and also you can ask for application form .
if you are not interested in this oppose job offer you can visit www . seek . com . au . a lot of vaca patina ncies from more than 75000 employers can be found there . | 2005-07-15T00:00:00 |
15,992 | marketing for you stable offshore resources topromote your services / products :
- e - mail list according to your
order
-
send emailing according to your
order
- direct mail server ( cheap ! )
- offshore web hosting
more
information
waiting for your prompt confirmation .
please kindly reply to
marketingtoyou @ 126 . com
lisa
sales dept
no again : la @ hotmail . com ? subject = bait - ocreated @ em . ca | 1 | spam | marketing for you | stable offshore resources topromote your services / products :
- e - mail list according to your
order
-
send emailing according to your
order
- direct mail server ( cheap ! )
- offshore web hosting
more
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waiting for your prompt confirmation .
please kindly reply to
marketingtoyou @ 126 . com
lisa
sales dept
no again : la @ hotmail . com ? subject = bait - ocreated @ em . ca
| 2005-03-14T00:00:00 |
14,899 | alternative names kal came up with a couple of suggestions :
" traderkey "
" quoteskey "
- consistent with other ubs products ( like swisskey )
- few syllables
- doesn ' t use the ubs name , so shouldn ' t be as sensitive to the name police
- is generic enough to survive ubs name changes or other companies posting products on the site in the future .
- are available as a url
i especially like " traderkey " , which has positive connotations and provides potential for some interesting marketing campaigns .
dave | 0 | ham | alternative names | kal came up with a couple of suggestions :
" traderkey "
" quoteskey "
- consistent with other ubs products ( like swisskey )
- few syllables
- doesn ' t use the ubs name , so shouldn ' t be as sensitive to the name police
- is generic enough to survive ubs name changes or other companies posting products on the site in the future .
- are available as a url
i especially like " traderkey " , which has positive connotations and provides potential for some interesting marketing campaigns .
dave | 2002-01-29T00:00:00 |
12,093 | mid year east origination louise , please find attached the info requested . the total origination shown is greater then the value that you had provided . the attached values were taken off of the itemized report that you had previously forwarded .
frank | 0 | ham | mid year east origination | louise , please find attached the info requested . the total origination shown is greater then the value that you had provided . the attached values were taken off of the itemized report that you had previously forwarded .
frank | 2001-07-05T00:00:00 |
28,747 | trrc chairman michael williams and land commissioner david dewhurst nesa / hea is headed to dallas ! whether you live , work or just have customers
in dallas , you ' ll want to take advantage of every opportunity to join us on
monday , august 20 th at cityplace , just outside downtown dallas to hear trrc
chairman michael l . williams and david dewhurst , commissioner of the texas
general land office , present their views of the state of the energy industry
in texas !
cityplace is located at 2711 n . haskell , and registration will begin at
11 : 30 a . m . in the foyer of the turtle creek i ballroom . lunch service
begins at noon and chairman williams will speak at 12 : 30 p . m . , followed by
commissioner dewhurst . for directions to cityplace , please call
214 / 828 - 7050 .
nesa / hea members pay only $ 35 in advance , or $ 40 at the door . members can
also purchase corporate tables of ten for $ 300 if your registration is
received by august 15 th . all registrations received wishing to pay at the
door will be billed if you do not attend . non - members pay $ 50 or can pay $ 75
which includes nesa / hea membership through 2001 .
fax in the bottom portion of this message with your credit card payment or
mail with your check to nesa / hea headquarters . don ' t delay ! this is
expected to be a sell - out , so register today ! see you on the 20 th in
dallas !
name _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
company _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
nesa / hea member ? _ _ _ _ _ phone number _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
credit card number _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
expiration date _ _ _ _ _ _ _ _ _ _ _ _ _ amount paid _ _ _ _ _ _ _ _ _ _ _ _
teresa a . knight
vice president , member services
teresa . knight @ nesanet . org
( 713 ) 856 - 6525
fax ( 713 ) 856 - 6199 | 0 | ham | trrc chairman michael williams and land commissioner david dewhurst | nesa / hea is headed to dallas ! whether you live , work or just have customers
in dallas , you ' ll want to take advantage of every opportunity to join us on
monday , august 20 th at cityplace , just outside downtown dallas to hear trrc
chairman michael l . williams and david dewhurst , commissioner of the texas
general land office , present their views of the state of the energy industry
in texas !
cityplace is located at 2711 n . haskell , and registration will begin at
11 : 30 a . m . in the foyer of the turtle creek i ballroom . lunch service
begins at noon and chairman williams will speak at 12 : 30 p . m . , followed by
commissioner dewhurst . for directions to cityplace , please call
214 / 828 - 7050 .
nesa / hea members pay only $ 35 in advance , or $ 40 at the door . members can
also purchase corporate tables of ten for $ 300 if your registration is
received by august 15 th . all registrations received wishing to pay at the
door will be billed if you do not attend . non - members pay $ 50 or can pay $ 75
which includes nesa / hea membership through 2001 .
fax in the bottom portion of this message with your credit card payment or
mail with your check to nesa / hea headquarters . don ' t delay ! this is
expected to be a sell - out , so register today ! see you on the 20 th in
dallas !
name _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
company _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
nesa / hea member ? _ _ _ _ _ phone number _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
credit card number _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
expiration date _ _ _ _ _ _ _ _ _ _ _ _ _ amount paid _ _ _ _ _ _ _ _ _ _ _ _
teresa a . knight
vice president , member services
teresa . knight @ nesanet . org
( 713 ) 856 - 6525
fax ( 713 ) 856 - 6199 | 2001-08-06T00:00:00 |
22,764 | meetings guys , currently we have two meetings a week between the business unit heads
to discuss deal flow and communicate issues and opportunties - the monday
morning meeting and the friday managing director meeting . i would suggest
that we eliminate both these meetings . i would propose that we replace them
with a single friday afternoon meeting from 2 : 30 pm to 4 : 00 pm . the business
unit heads identified above would be invited . at this meeting , i would
expect less of a reporting focus and employ a more candid and detailed
discussion of opportunities , problems and issues between the " partners " in
this company . it would include ( i ) a review of current dash ' s , ( ii ) a more
detailed discussion around the opportunities identified on the " hot sheet " ,
( iii ) a more candid discussion around the p & l and tactics required to meet
overall financial targets and ( iv ) provide a forum to provide input into and
communicate business strategies between the business units . in other words ,
employ the goals of the friday managing director meeting with all the
business unit leaders represented .
given the religious holidays this week , there will be no meeting this
friday . i would suggest that we have a regular monday morning meeting next
monday and we will start this new forum a week from this friday . this
meeting would be held in 30 cl and monterrey , calgary and portland should be
connected via video conference . in order for this to work and be effective ,
the business unit heads need to be available and participate actively in the
discussion .
if you have questions , comments or concerns do not hesitate to let me know .
regards
delainey | 0 | ham | meetings | guys , currently we have two meetings a week between the business unit heads
to discuss deal flow and communicate issues and opportunties - the monday
morning meeting and the friday managing director meeting . i would suggest
that we eliminate both these meetings . i would propose that we replace them
with a single friday afternoon meeting from 2 : 30 pm to 4 : 00 pm . the business
unit heads identified above would be invited . at this meeting , i would
expect less of a reporting focus and employ a more candid and detailed
discussion of opportunities , problems and issues between the " partners " in
this company . it would include ( i ) a review of current dash ' s , ( ii ) a more
detailed discussion around the opportunities identified on the " hot sheet " ,
( iii ) a more candid discussion around the p & l and tactics required to meet
overall financial targets and ( iv ) provide a forum to provide input into and
communicate business strategies between the business units . in other words ,
employ the goals of the friday managing director meeting with all the
business unit leaders represented .
given the religious holidays this week , there will be no meeting this
friday . i would suggest that we have a regular monday morning meeting next
monday and we will start this new forum a week from this friday . this
meeting would be held in 30 cl and monterrey , calgary and portland should be
connected via video conference . in order for this to work and be effective ,
the business unit heads need to be available and participate actively in the
discussion .
if you have questions , comments or concerns do not hesitate to let me know .
regards
delainey | 2000-04-18T00:00:00 |
9,116 | apr 20 - wharton - final agenda michael ,
vince and i appreciate your keeping us involved with this event . good luck
and we hope to see you soon !
- best !
christie .
- - - - - - - - - - - - - - - - - - - - - - forwarded by christie patrick / hou / ect on 04 / 18 / 2001
04 : 16 pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
michael tomczyk on 04 / 18 / 2001 02 : 54 : 00 pm
to : vkamins @ enron . com , christie _ patrick @ enron . com
cc :
subject : apr 20 - wharton - final agenda
vince and christie ,
i know you are unable to attend this week ' s event at wharton but i thought
you would like to see the final agenda , and i also wanted to remind you that
about a week or so after the event we will post a summary of presentations
and discussion insights on our website : ? http : / / emertech . wharton . upenn . edu .
in addition to senior wharton faculty and colleagues , senior managers from
the following companies will be attending : ? charles schwab , cybersource ,
ellacoya networks , glaxosmithkline , gmac , healthnetworks . com ,
hewlett - packard , infosys , ibm , nsa , omnichoice , philadelphia newspapers , and
usinternetworking .
best regards ,
michael
managing strategic partnerships & acquisitions ?
friday april 20 , 2001 - - 8 : 30 am to 400 pm
location - room 1206 steinberg - dietrich hall - wharton school - philadelphia
final agenda ?
managing strategic partnerships
an insight - building conference including new wharton research on
best practices and successful strategies for achieving corporate
growth through alliances , mergers and acquisitions .
friday , april 20 , 2001 - 8 : 00 to 4 : 00
1206 steinberg - dietrich hall , wharton school
presented for our industry partners and guests by the
emerging technologies management research program ,
mack center on managing technological innovation
agenda & conference topics
8 : 00 - 8 : 30 ? - ? continental breakfast and informal networking
8 : 30 - 8 : 45
introduction : strategic partnering for growth and innovation
harbir singh , wharton
8 : 45 - 9 : 30 ? - networking , partnerships & strategy
lori rosenkopf , wharton
9 : 30 - 11 : 00 ? - success and failure factors in strategic partnering
todd horst , usinternetworking
tim george , pfizer
dave daetz , cybersource
11 : 00 - 11 : 15 ? - break
11 : 15 - 11 : 40 ? - building partnering skills and capabilities
prashant kale , university of michigan
11 : 40 - 12 : 00 ? - successes & failures in strategic outsourcing : some initial
findings
howard perlmutter , wharton
12 : 00 - 1 : 30 ? working lunch - strategic partnering as a core competency
paul j . h . schoemaker and roch parayre , wharton
1 : 30 - 1 : 45 ? - mapping social networks : applications to strategic partnering
ruhul quddus , wharton
1 : 45 - 2 : 30 ? - small group reports
paul j . h . schoemaker & roch parayre , wharton
2 : 30 - 2 : 45 ? - break
2 : 45 - 3 : 45 ? - managing high technology acquisitions
phanish puranam , wharton
walt vester & harry hirschman , wharton
kerri ford , wharton
3 : 45 - 4 : 00 ? - summary of key insights and future research goals
harbir singh , wharton
4 : 00 - adjourn
- -
michael s . tomczyk
managing director
emerging technologies management research program
1400 sh - dh / 6371
the wharton school
philadelphia , pa 19104 - 6371
tel 215 - 573 - 7722
fax 215 - 573 - 2129
website : ? http : / / emertech . wharton . upenn . edu | 0 | ham | apr 20 - wharton - final agenda | michael ,
vince and i appreciate your keeping us involved with this event . good luck
and we hope to see you soon !
- best !
christie .
- - - - - - - - - - - - - - - - - - - - - - forwarded by christie patrick / hou / ect on 04 / 18 / 2001
04 : 16 pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
michael tomczyk on 04 / 18 / 2001 02 : 54 : 00 pm
to : vkamins @ enron . com , christie _ patrick @ enron . com
cc :
subject : apr 20 - wharton - final agenda
vince and christie ,
i know you are unable to attend this week ' s event at wharton but i thought
you would like to see the final agenda , and i also wanted to remind you that
about a week or so after the event we will post a summary of presentations
and discussion insights on our website : ? http : / / emertech . wharton . upenn . edu .
in addition to senior wharton faculty and colleagues , senior managers from
the following companies will be attending : ? charles schwab , cybersource ,
ellacoya networks , glaxosmithkline , gmac , healthnetworks . com ,
hewlett - packard , infosys , ibm , nsa , omnichoice , philadelphia newspapers , and
usinternetworking .
best regards ,
michael
managing strategic partnerships & acquisitions ?
friday april 20 , 2001 - - 8 : 30 am to 400 pm
location - room 1206 steinberg - dietrich hall - wharton school - philadelphia
final agenda ?
managing strategic partnerships
an insight - building conference including new wharton research on
best practices and successful strategies for achieving corporate
growth through alliances , mergers and acquisitions .
friday , april 20 , 2001 - 8 : 00 to 4 : 00
1206 steinberg - dietrich hall , wharton school
presented for our industry partners and guests by the
emerging technologies management research program ,
mack center on managing technological innovation
agenda & conference topics
8 : 00 - 8 : 30 ? - ? continental breakfast and informal networking
8 : 30 - 8 : 45
introduction : strategic partnering for growth and innovation
harbir singh , wharton
8 : 45 - 9 : 30 ? - networking , partnerships & strategy
lori rosenkopf , wharton
9 : 30 - 11 : 00 ? - success and failure factors in strategic partnering
todd horst , usinternetworking
tim george , pfizer
dave daetz , cybersource
11 : 00 - 11 : 15 ? - break
11 : 15 - 11 : 40 ? - building partnering skills and capabilities
prashant kale , university of michigan
11 : 40 - 12 : 00 ? - successes & failures in strategic outsourcing : some initial
findings
howard perlmutter , wharton
12 : 00 - 1 : 30 ? working lunch - strategic partnering as a core competency
paul j . h . schoemaker and roch parayre , wharton
1 : 30 - 1 : 45 ? - mapping social networks : applications to strategic partnering
ruhul quddus , wharton
1 : 45 - 2 : 30 ? - small group reports
paul j . h . schoemaker & roch parayre , wharton
2 : 30 - 2 : 45 ? - break
2 : 45 - 3 : 45 ? - managing high technology acquisitions
phanish puranam , wharton
walt vester & harry hirschman , wharton
kerri ford , wharton
3 : 45 - 4 : 00 ? - summary of key insights and future research goals
harbir singh , wharton
4 : 00 - adjourn
- -
michael s . tomczyk
managing director
emerging technologies management research program
1400 sh - dh / 6371
the wharton school
philadelphia , pa 19104 - 6371
tel 215 - 573 - 7722
fax 215 - 573 - 2129
website : ? http : / / emertech . wharton . upenn . edu | 2001-04-18T00:00:00 |
24,569 | refinance your existing mortgage mortgage rates slashed for
the last time !
let us help you get a new mortgage for up to
100 % of your home?ffff 92 s value
lower your monthly payment !
consolidate your debt !
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state *
zip code *
buiness phone *
home phone
best time to contact
morning afternoon evening
total loan request
approx . home value
a consultant will contact you soon .
all information given
herein is strictly confidential and will not be re - distributed for
any reason other than for the specific use
intended . to be
removed from our distribution lists , please click
here . .
- - - -
this sf . net email is sponsored by : thinkgeek
welcome to geek heaven .
http : / / thinkgeek . com / sf
spamassassin - sightings mailing list | 1 | spam | refinance your existing mortgage | mortgage rates slashed for
the last time !
let us help you get a new mortgage for up to
100 % of your home?ffff 92 s value
lower your monthly payment !
consolidate your debt !
shorten the term of your loan !
reduce your interest rate !
national average mortgage
rates
program
rates
30 yr fixed
6 . 50 %
15 yr fixed
6 . 25 %
1 yr arm
5 . 51 %
choose from hundreds of
loan programs like :
purchase loans
refinance
debt consolidation
home improvement
interest only jumbo ' s
no income verification
fill out this simple
form and we will compete for your business . . .
required input field *
name *
address
city
state *
zip code *
buiness phone *
home phone
best time to contact
morning afternoon evening
total loan request
approx . home value
a consultant will contact you soon .
all information given
herein is strictly confidential and will not be re - distributed for
any reason other than for the specific use
intended . to be
removed from our distribution lists , please click
here . .
- - - -
this sf . net email is sponsored by : thinkgeek
welcome to geek heaven .
http : / / thinkgeek . com / sf
spamassassin - sightings mailing list
| 2002-07-24T00:00:00 |
16,895 | new load zone guys ,
just wanted to let you know that you will see a new load zone within sdgl , called " pilot . " this counterparty , pilot power , is an esp ( energy service provider ) , much like ees , and we are their new sc . so don ' t freak out when you see it in caps .
thanks ,
stan | 0 | ham | new load zone | guys ,
just wanted to let you know that you will see a new load zone within sdgl , called " pilot . " this counterparty , pilot power , is an esp ( energy service provider ) , much like ees , and we are their new sc . so don ' t freak out when you see it in caps .
thanks ,
stan | 2001-07-20T00:00:00 |
13,200 | re : onondaga and doyle onondaga : enron owns a 12 . 5 percent cash flow interest in this 80 mw project , located in new york .
doyle : enron owns a 50 percent membership interest in this 380 mw project , located in georgia .
let me know if that ' s good enough . i ' m available this evening if you need anything .
regards ,
- - - - - - - - - - - - - - - - - - - - - - - - - -
ben jacoby
( 713 ) 853 - 6173 | 0 | ham | re : onondaga and doyle | onondaga : enron owns a 12 . 5 percent cash flow interest in this 80 mw project , located in new york .
doyle : enron owns a 50 percent membership interest in this 380 mw project , located in georgia .
let me know if that ' s good enough . i ' m available this evening if you need anything .
regards ,
- - - - - - - - - - - - - - - - - - - - - - - - - -
ben jacoby
( 713 ) 853 - 6173 | 2001-10-08T00:00:00 |
3,050 | hpl / conoco - teco waha 03 / 23 / 01 purchase daren , conoco invoiced hpl at $ 5 . 87 for 03 / 23 at pgev / waha and deal ticket 685350 shows $ 4 . 87 . can you confirm the price ? thanks . | 0 | ham | hpl / conoco - teco waha 03 / 23 / 01 purchase | daren , conoco invoiced hpl at $ 5 . 87 for 03 / 23 at pgev / waha and deal ticket 685350 shows $ 4 . 87 . can you confirm the price ? thanks . | 2001-04-12T00:00:00 |
25,194 | save up to 40 % on popular software bundles ! any software backups for lowest pricest .
that which is not just is not law .
only strength can cooperate . weakness can only beg . | 1 | spam | save up to 40 % on popular software bundles ! | any software backups for lowest pricest .
that which is not just is not law .
only strength can cooperate . weakness can only beg . | 2005-06-22T00:00:00 |
28,839 | tw i / b link capacity for october michelle ,
per our earlier conversation , burlington resources agrees to purchase 15 , 000 of ignacio / blanco space for the month of october @
$ . 05 . we will purchase this capacity using eol . i will call you on monday , september 24 to have you walk me through this . thank you .
julie reames | 0 | ham | tw i / b link capacity for october | michelle ,
per our earlier conversation , burlington resources agrees to purchase 15 , 000 of ignacio / blanco space for the month of october @
$ . 05 . we will purchase this capacity using eol . i will call you on monday , september 24 to have you walk me through this . thank you .
julie reames | 2001-09-20T00:00:00 |
26,037 | worthh three times the cost hello , welcome to pharmonli affluent ne sh theirs op
- one of the leading oniin punctilious e pharmaceutical shops
furred v
before g
paediatrician al
l inaction l
l claqueur a
r visitation a gentian cl
i resistivity s skeletal va
u micron m
andmanyother .
- save over longevous 50 %
- worldwide shlp creeper plng
- total confidentia openeared iity
- over chiliad 5 miiiion customers in 130 countries
hav conterminous e a nice day ! | 1 | spam | worthh three times the cost | hello , welcome to pharmonli affluent ne sh theirs op
- one of the leading oniin punctilious e pharmaceutical shops
furred v
before g
paediatrician al
l inaction l
l claqueur a
r visitation a gentian cl
i resistivity s skeletal va
u micron m
andmanyother .
- save over longevous 50 %
- worldwide shlp creeper plng
- total confidentia openeared iity
- over chiliad 5 miiiion customers in 130 countries
hav conterminous e a nice day ! | 2005-06-29T00:00:00 |
20,762 | bu ' y c , ialis soft " tabs online for less new clalls softtabs = lnstant rockhard erectlons
simply disolve half a plll under your tongue 10 min before action ,
for results that last all weekend .
normal retail is $ 19 / plll order from us today at the price of $ 3 . 17
not interested ( 0 pt - 0 ut ) | 1 | spam | bu ' y c , ialis soft " tabs online for less | new clalls softtabs = lnstant rockhard erectlons
simply disolve half a plll under your tongue 10 min before action ,
for results that last all weekend .
normal retail is $ 19 / plll order from us today at the price of $ 3 . 17
not interested ( 0 pt - 0 ut )
| 2004-12-21T00:00:00 |
2,474 | hpl nom for january 27 , 2001 ( see attached file : hplnol 27 . xls )
- hplnol 27 . xls | 0 | ham | hpl nom for january 27 , 2001 | ( see attached file : hplnol 27 . xls )
- hplnol 27 . xls | 2001-01-26T00:00:00 |
14,810 | paul choi choi is out - we probably want to use some of his $ to increase foster ' s contract
- - - - - original message - - - - -
from : lavorato , john
sent : monday , january 21 , 2002 12 : 32 pm
to : lavorato , john ; kitchen , louise ; milnthorp , rob ; calger , christopher f . ; whalley , greg ; shively , hunter s . ; presto , kevin m . ; belden , tim
subject : re :
i meant 200 k and 200 k for sandra . grigsby is confusing me .
- - - - - original message - - - - -
from : lavorato , john
sent : monday , january 21 , 2002 2 : 20 pm
to : kitchen , louise ; milnthorp , rob ; calger , christopher f . ; whalley , greg ; shively , hunter s . ; presto , kevin m . ; belden , tim
subject :
brawner done at 100 k and 100 k
davies done at 325 k and 325 k
whitt is fine at 150 k and 150 k @ if lucci is at 50 k and 50 k @ if we offer employment to theresa staab who is a scheduler .
also all of us may be going to ny on thursday morning . | 0 | ham | paul choi | choi is out - we probably want to use some of his $ to increase foster ' s contract
- - - - - original message - - - - -
from : lavorato , john
sent : monday , january 21 , 2002 12 : 32 pm
to : lavorato , john ; kitchen , louise ; milnthorp , rob ; calger , christopher f . ; whalley , greg ; shively , hunter s . ; presto , kevin m . ; belden , tim
subject : re :
i meant 200 k and 200 k for sandra . grigsby is confusing me .
- - - - - original message - - - - -
from : lavorato , john
sent : monday , january 21 , 2002 2 : 20 pm
to : kitchen , louise ; milnthorp , rob ; calger , christopher f . ; whalley , greg ; shively , hunter s . ; presto , kevin m . ; belden , tim
subject :
brawner done at 100 k and 100 k
davies done at 325 k and 325 k
whitt is fine at 150 k and 150 k @ if lucci is at 50 k and 50 k @ if we offer employment to theresa staab who is a scheduler .
also all of us may be going to ny on thursday morning . | 2002-01-21T00:00:00 |
32,943 | something i have been thinking about hi my name is julie . i am from texas . one day i was very bored so i have
decided to open up my own privet cam show on the inter web . the best part about
my site , its free and i am usually on 24 / 5 . i am sure you will have a fun time .
i am very active and i love to play : d . its live and its free , why won ' t you
see for your self . luv julie ,
http : / / indigene . incrediblemile . info / ju 2 / | 1 | spam | something i have been thinking about | hi my name is julie . i am from texas . one day i was very bored so i have
decided to open up my own privet cam show on the inter web . the best part about
my site , its free and i am usually on 24 / 5 . i am sure you will have a fun time .
i am very active and i love to play : d . its live and its free , why won ' t you
see for your self . luv julie ,
http : / / indigene . incrediblemile . info / ju 2 / | 2005-05-23T00:00:00 |
13,573 | status of sundace b ppa john & louise ,
i can imagine that both of you are very busy but i thought i would drop you a quick line updating you on the status of the sundance b ppa .
we received the necessary consents to split the ppa into two from both transalta and the balancing pool last week . we expect the regulation enabling the split to be passed by the government during the week of november 12 , 2001 thereby forming two units ppa ' s effective as of that date .
don miller and his team are prepared to smile and dial on monday october 29 , 2001 thereby contacting the list of identified customers and initiating the process .
i will send you a timeline shortly outlining the entire process from start to finish .
if you have any qustions please call me .
derek | 0 | ham | status of sundace b ppa | john & louise ,
i can imagine that both of you are very busy but i thought i would drop you a quick line updating you on the status of the sundance b ppa .
we received the necessary consents to split the ppa into two from both transalta and the balancing pool last week . we expect the regulation enabling the split to be passed by the government during the week of november 12 , 2001 thereby forming two units ppa ' s effective as of that date .
don miller and his team are prepared to smile and dial on monday october 29 , 2001 thereby contacting the list of identified customers and initiating the process .
i will send you a timeline shortly outlining the entire process from start to finish .
if you have any qustions please call me .
derek | 2001-10-27T00:00:00 |
33,333 | your collaboration is required . from : mr . philli chavez .
subject : your collaboration is required .
sir ,
i am mr . phillip chavez an auditing / accounting officer
with the international bank of afrique de louest ( biao )
abidjan cote d ' ivore .
do not be surprise to receive this proposal from me as i
have the confidebnce that you can be capable of taking
advantage of this good opportunity with me .
i wish to inform you that i discovered abandoned funds in
our bank totaling usd 11 . 5 million dollars which our bank
is trying to reconvert into its own treasury if nobody
comes forward for the claim of the fund .
according to the existing laws guiding this bank any
amount that is left unclaimed for certain period of time
should be reclaimed by the bank as unclaimed fund .
this fund has been here and unclaimed for many years .
however , upon further investigation i discoverred that the
fund belonged to one of our customers of german origin who
died with all his family in an air crash and so far no
person has presented himself / herself as next of kin of
the late account owner . inorder to prevent this fund from
been reclaimed by the bank here as unclaimed fund i have
contacted you so that we can join hands together and move
this fund out of this country to your personal or company
bank account for investment overseas .
i have decided to share the fund with you as follows after
you receive thie fund in your account : - 30 % goes to you
for your active assistance and maximum cooperation to
receive this fund in your account . 5 % shall be set asside
to offset any expences that may be incured here and at
your side during the transfer of the fund to your account
while the remaining 55 % of the fund shall be retained by
me .
i wish to assure you that i have made all the useful
arrangement to have the fund approved in your name by the
bank authority as the next of kin of the late account
owner as soon as you contacted the bank for the claim of
the fund . there is no risk involved in this transaction .
all you need to do is to indicate your interest to share
this opportunity with me with sincere heart . i have all the
required information of the late account owner which the
bank will require for approval of the fund in your favor .
as soon as i receive your mail confirming your interest to
collaborate with me in this great opportunity i will send
the officially acceptable text of claim application as
next of kin to you which you will complete and send back
to the bank as the next of kin of the late account holder .
please , you must not disclose this to anybody and you
must not at any point in time let the bank know that iam
the one that supplied you all the information of the late
account owner .
i am anxiously waiting for your favorable response .
i advise you to reply me through this my most private
email address : phillipc _ 2 @ yahoo . ca
thank you .
mr . phillip chavez . | 1 | spam | your collaboration is required . | from : mr . philli chavez .
subject : your collaboration is required .
sir ,
i am mr . phillip chavez an auditing / accounting officer
with the international bank of afrique de louest ( biao )
abidjan cote d ' ivore .
do not be surprise to receive this proposal from me as i
have the confidebnce that you can be capable of taking
advantage of this good opportunity with me .
i wish to inform you that i discovered abandoned funds in
our bank totaling usd 11 . 5 million dollars which our bank
is trying to reconvert into its own treasury if nobody
comes forward for the claim of the fund .
according to the existing laws guiding this bank any
amount that is left unclaimed for certain period of time
should be reclaimed by the bank as unclaimed fund .
this fund has been here and unclaimed for many years .
however , upon further investigation i discoverred that the
fund belonged to one of our customers of german origin who
died with all his family in an air crash and so far no
person has presented himself / herself as next of kin of
the late account owner . inorder to prevent this fund from
been reclaimed by the bank here as unclaimed fund i have
contacted you so that we can join hands together and move
this fund out of this country to your personal or company
bank account for investment overseas .
i have decided to share the fund with you as follows after
you receive thie fund in your account : - 30 % goes to you
for your active assistance and maximum cooperation to
receive this fund in your account . 5 % shall be set asside
to offset any expences that may be incured here and at
your side during the transfer of the fund to your account
while the remaining 55 % of the fund shall be retained by
me .
i wish to assure you that i have made all the useful
arrangement to have the fund approved in your name by the
bank authority as the next of kin of the late account
owner as soon as you contacted the bank for the claim of
the fund . there is no risk involved in this transaction .
all you need to do is to indicate your interest to share
this opportunity with me with sincere heart . i have all the
required information of the late account owner which the
bank will require for approval of the fund in your favor .
as soon as i receive your mail confirming your interest to
collaborate with me in this great opportunity i will send
the officially acceptable text of claim application as
next of kin to you which you will complete and send back
to the bank as the next of kin of the late account holder .
please , you must not disclose this to anybody and you
must not at any point in time let the bank know that iam
the one that supplied you all the information of the late
account owner .
i am anxiously waiting for your favorable response .
i advise you to reply me through this my most private
email address : phillipc _ 2 @ yahoo . ca
thank you .
mr . phillip chavez . | 2005-06-29T00:00:00 |
8,805 | re : vacation shrley ,
no problem .
vince
shirley crenshaw
03 / 23 / 2001 02 : 02 pm
to : vince j kaminski / hou / ect @ ect
cc : anita dupont / na / enron @ enron , kevin g moore / hou / ect @ ect
subject : vacation
vince :
i have already requested friday , april 6 th as a vacation day , and if it is ok ,
i would also like to take friday the 30 th as a vacation day .
thanks !
shirley | 0 | ham | re : vacation | shrley ,
no problem .
vince
shirley crenshaw
03 / 23 / 2001 02 : 02 pm
to : vince j kaminski / hou / ect @ ect
cc : anita dupont / na / enron @ enron , kevin g moore / hou / ect @ ect
subject : vacation
vince :
i have already requested friday , april 6 th as a vacation day , and if it is ok ,
i would also like to take friday the 30 th as a vacation day .
thanks !
shirley | 2001-03-23T00:00:00 |
20,722 | historical movie of celebs hello dear ,
look at this - exhibisionistic avi ' s of gwyneth paltrow quick link
and lots more like :
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groundbreaking identity theft of mariah carey
out of control behaviour by elizabeth hurley
to stop : http : / / www . medzstoreonline . com / rms . html
confirm your adress
tami lusk
beader
clemente associates inc , madison , ct 06443 , united states of america
phone : 752 - 483 - 2644
mobile : 773 - 514 - 8469
email : hjosslhdd @ c 4 . com
this is an auto - generated message - please do not reply to this message
this package is a 84 second trial freeware
notes :
the contents of this e - mail is for information and should not be aldrich subliminal
wallop extrinsic it ' ll
time : fri , 17 dec 2004 12 : 51 : 29 + 0200 | 1 | spam | historical movie of celebs | hello dear ,
look at this - exhibisionistic avi ' s of gwyneth paltrow quick link
and lots more like :
obscene mpeg ' s of nathalie portman
groundbreaking identity theft of mariah carey
out of control behaviour by elizabeth hurley
to stop : http : / / www . medzstoreonline . com / rms . html
confirm your adress
tami lusk
beader
clemente associates inc , madison , ct 06443 , united states of america
phone : 752 - 483 - 2644
mobile : 773 - 514 - 8469
email : hjosslhdd @ c 4 . com
this is an auto - generated message - please do not reply to this message
this package is a 84 second trial freeware
notes :
the contents of this e - mail is for information and should not be aldrich subliminal
wallop extrinsic it ' ll
time : fri , 17 dec 2004 12 : 51 : 29 + 0200 | 2004-12-17T00:00:00 |
18,921 | get vicodin and anything else here we carry all the prescription and non prescription drugs you
could want . from valium , cialis , viagra and everything else . no prior
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could want . from valium , cialis , viagra and everything else . no prior
doctor prescription is required and we can save you up to 50 % over your local
pharmacy . give us a try by
going here and just have a look around . you will get your medication
the next day and we can always refill them as you need . so
come on in and have a look
around . you will find what you are looking for .
measle catchup replaceable invention turtle caliphate service jejunum planck demurrer francine diet croak comeback curate summit puritanic cobb gazelle noticeable refute dementia englander regime sweden insurrect chine donovan mask supercilious candelabra congo bang levis prod bennington
remove http : / / www . offerspages . com / qog 345 / pr / rf . html
| 2004-05-14T00:00:00 |
4,658 | check this stock - it ' s going thru the roof gibbons ,
news after the close
tiger team technologies ( 0 tc - ttmt )
leading developer of a unique patented process for transforming business operations of medical service providers ( source : news 1 / 4 / 05 )
current price : $ . 125
many of you may agree : this is an exciting industry
reasons to consider ttmt tuesday : news after the close friday
press release source : tiger team technologies corporation
tiger team technologies forms group in india for medical billing and transcription services friday january 14 , 4 : 54 pm et
st . paul , minn . , jan . 14 / prnewswire / - - tiger team technologies corporation ( pink sheets : ttmt - news ) is pleased to announce that it has formed a wholly owned group in india to provide medica | biliing and transcription services .
tiger team wil | offer these services over its secure servers and data centers in the united states via vpn ( coded security system ) . this strategy enables tiger team to leverage its hipa compiiant servers , software , and data centers in the us with the most competitive cost structure in the industry , thereby giving the company a | eg up on the competition . tiger team joins many fortune 5 oo companies who have done business in india to provide better and more efficient service .
about ttmt
tiger team technologies ( t 3 ) , is a leading developer of a unique patented process for transforming business operations of medica | service providers through state - of - the - art communication hardware and software technologies . t 3 has exclusive rights on this patented process , which guarantees secure and bonded eiectronic fiie transmission in accordance with federa | mandated hippa compliance requirements . this transiates to tota | patient privacy and security which is key to reducing the | iabiiity and medica | premiums piaced on providers . based in st . pau | , mn , the company seeks to pursue an aggressive growth strategy targeted at corporate and individua | medica | practices by | everaging this exclusive transmission process as an incentive for the medical community to outsource existing services .
watch this stock trade tuesday ! go check it out for yourself at your favorite financia | site . do you think it can go higher from here ? good luck . .
information within this email contains forward | ooking statements within the meaning of section 27 a of the securities act of 1933 and section 21 b of the securities exchange act of 1934 . any statements that express or involve discussions with respect to predictions , expectations , beliefs , plans , projections , objectives , goals , assumptions or future events or performance are not statements of historical fact and may be forward looking statements . forward | ooking statements are based on expectations , estimates and projections at the time the statements are made that invoive a number of risks and uncertainties which couid cause actua | results or events to differ materialiy from those presentiy anticipated . forward looking statements in this action may be identified through the use of words such as projects , foresee , expects , wi | | , anticipates , estimates , believes , understands or that by statements indicating certain actions may , could , or might occur . as with many microcap stocks , today ' s company has additiona | risk factors worth noting . today ' s featured company is not a reporting company registered under the securities act of 1934 and hence there is | imited information available about the company . other factors inciude a | imited operating history , an accumulated deficit since its inception , reiiance on loans from officers and directors to pay expenses , a nomina | cash position , and no revenue in its most recent quarter . it is not currentiy an operating company . the company is going to need financing . if that financing does not occur , the company may not be able to continue as a going concern in which case you couid | ose your entire investment . other risks and uncertainties include , but are not | imited to , the ability of the company to compiete a planned bridge financing , market conditions , the genera | acceptance of the company ' s products and technologies , competitive factors , timing , and other risks associated with their business . the pubiisher of this newsletter does not represent that the information contained in this message states ail materia | facts or does not omit a materia | fact necessary to make the statements therein not misieading . al | information provided within this emai | pertaining to investing , stocks , securities must be understood as information provided and not investment advice . the publisher of this newsletter advises a | | readers and subscribers to seek advice from a registered professional securities representative before deciding to trade in stocks featured within this emai | . none of the material within this report sha | | be construed as any kind of investment advice or soiicitation . many of these companies are on the verge of bankruptcy . you can | ose ail your money by investing in this stock . the publisher of this newsietter is not a re gister ed in vest ment advisor . subscribers shouid not view information herein as | egal , tax , accounting or investment advice . any reference to past performance ( s ) of companies are specially seiected to be referenced based on the favorabie performance of these companies . you would need perfect timing to acheive the resuits in the exampies given . there can be no assurance of that happening . remember , as always , past performance is n e v e r indicative of future resuits and a thorough due diligence effort , including a review of a company ' s fiiings when avaiiable , shouid be compieted prior to investing . in compiiance with the securities act of 1933 , sectionl 7 ( b ) , the publisher of this newsietter discioses the receipt of twenty eight thousand doilars from a third party , not an officer , director or affiliate shareholder for the circuiation of this report . be aware of an inherent conflict of interest resulting from such compensation due to the fact that this is a paid advertisement and is not without bias . the party that paid us has a position in the stock they wi | | seil at anytime without notice . this couid have a negative impact on the price of the stock . al | factua | information in this report was gathered from public sources , inciuding but not limited to company websites and company press reieases . the publisher of this newsietter believes this information to be reliabie but can make no guaranteee as to its accuracy or completeness . use of the material within this email constitutes your acceptance of these terms .
if you wish to stop future mailings , or if you feel you have been wrongfu | | y piaced in our l i s t , piease go here ( - aol 978987 sdfuoisduf . com / optl / rm . html - ) | 1 | spam | check this stock - it ' s going thru the roof | gibbons ,
news after the close
tiger team technologies ( 0 tc - ttmt )
leading developer of a unique patented process for transforming business operations of medical service providers ( source : news 1 / 4 / 05 )
current price : $ . 125
many of you may agree : this is an exciting industry
reasons to consider ttmt tuesday : news after the close friday
press release source : tiger team technologies corporation
tiger team technologies forms group in india for medical billing and transcription services friday january 14 , 4 : 54 pm et
st . paul , minn . , jan . 14 / prnewswire / - - tiger team technologies corporation ( pink sheets : ttmt - news ) is pleased to announce that it has formed a wholly owned group in india to provide medica | biliing and transcription services .
tiger team wil | offer these services over its secure servers and data centers in the united states via vpn ( coded security system ) . this strategy enables tiger team to leverage its hipa compiiant servers , software , and data centers in the us with the most competitive cost structure in the industry , thereby giving the company a | eg up on the competition . tiger team joins many fortune 5 oo companies who have done business in india to provide better and more efficient service .
about ttmt
tiger team technologies ( t 3 ) , is a leading developer of a unique patented process for transforming business operations of medica | service providers through state - of - the - art communication hardware and software technologies . t 3 has exclusive rights on this patented process , which guarantees secure and bonded eiectronic fiie transmission in accordance with federa | mandated hippa compliance requirements . this transiates to tota | patient privacy and security which is key to reducing the | iabiiity and medica | premiums piaced on providers . based in st . pau | , mn , the company seeks to pursue an aggressive growth strategy targeted at corporate and individua | medica | practices by | everaging this exclusive transmission process as an incentive for the medical community to outsource existing services .
watch this stock trade tuesday ! go check it out for yourself at your favorite financia | site . do you think it can go higher from here ? good luck . .
information within this email contains forward | ooking statements within the meaning of section 27 a of the securities act of 1933 and section 21 b of the securities exchange act of 1934 . any statements that express or involve discussions with respect to predictions , expectations , beliefs , plans , projections , objectives , goals , assumptions or future events or performance are not statements of historical fact and may be forward looking statements . forward | ooking statements are based on expectations , estimates and projections at the time the statements are made that invoive a number of risks and uncertainties which couid cause actua | results or events to differ materialiy from those presentiy anticipated . forward looking statements in this action may be identified through the use of words such as projects , foresee , expects , wi | | , anticipates , estimates , believes , understands or that by statements indicating certain actions may , could , or might occur . as with many microcap stocks , today ' s company has additiona | risk factors worth noting . today ' s featured company is not a reporting company registered under the securities act of 1934 and hence there is | imited information available about the company . other factors inciude a | imited operating history , an accumulated deficit since its inception , reiiance on loans from officers and directors to pay expenses , a nomina | cash position , and no revenue in its most recent quarter . it is not currentiy an operating company . the company is going to need financing . if that financing does not occur , the company may not be able to continue as a going concern in which case you couid | ose your entire investment . other risks and uncertainties include , but are not | imited to , the ability of the company to compiete a planned bridge financing , market conditions , the genera | acceptance of the company ' s products and technologies , competitive factors , timing , and other risks associated with their business . the pubiisher of this newsletter does not represent that the information contained in this message states ail materia | facts or does not omit a materia | fact necessary to make the statements therein not misieading . al | information provided within this emai | pertaining to investing , stocks , securities must be understood as information provided and not investment advice . the publisher of this newsletter advises a | | readers and subscribers to seek advice from a registered professional securities representative before deciding to trade in stocks featured within this emai | . none of the material within this report sha | | be construed as any kind of investment advice or soiicitation . many of these companies are on the verge of bankruptcy . you can | ose ail your money by investing in this stock . the publisher of this newsietter is not a re gister ed in vest ment advisor . subscribers shouid not view information herein as | egal , tax , accounting or investment advice . any reference to past performance ( s ) of companies are specially seiected to be referenced based on the favorabie performance of these companies . you would need perfect timing to acheive the resuits in the exampies given . there can be no assurance of that happening . remember , as always , past performance is n e v e r indicative of future resuits and a thorough due diligence effort , including a review of a company ' s fiiings when avaiiable , shouid be compieted prior to investing . in compiiance with the securities act of 1933 , sectionl 7 ( b ) , the publisher of this newsietter discioses the receipt of twenty eight thousand doilars from a third party , not an officer , director or affiliate shareholder for the circuiation of this report . be aware of an inherent conflict of interest resulting from such compensation due to the fact that this is a paid advertisement and is not without bias . the party that paid us has a position in the stock they wi | | seil at anytime without notice . this couid have a negative impact on the price of the stock . al | factua | information in this report was gathered from public sources , inciuding but not limited to company websites and company press reieases . the publisher of this newsietter believes this information to be reliabie but can make no guaranteee as to its accuracy or completeness . use of the material within this email constitutes your acceptance of these terms .
if you wish to stop future mailings , or if you feel you have been wrongfu | | y piaced in our l i s t , piease go here ( - aol 978987 sdfuoisduf . com / optl / rm . html - )
| 2005-01-17T00:00:00 |
16,038 | prison norton , macromedia ; xp pro ( sp 2 ) , acrobat . ms office 2 oo 3 , adobe photoshop force money again steps yours least .
most popular softwwares start from $ 20 ikd
windows xp pro ( sp 2 )
microsoft office 2003 system pro ( 5 cds )
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symantec norton systemworks
dvdxcopy platinum 4 . 0 . 38
quickbooks 2004 premier edition
macromedia studio mx 2004
microsoft office system professional 2003
norton antivirus 2005
adobe pagemaker 7 . 01 fewanybody order ur softwares here not
being reading find . shining goes appearance how nothing . sugar beautiful explain . | 1 | spam | prison norton , macromedia ; xp pro ( sp 2 ) , acrobat . ms office 2 oo 3 , adobe photoshop force money | again steps yours least .
most popular softwwares start from $ 20 ikd
windows xp pro ( sp 2 )
microsoft office 2003 system pro ( 5 cds )
adobe photoshop cs 8 . 0 qhg
adobe acrobat 7 . 0 professional
autocad 2005 a
symantec norton systemworks
dvdxcopy platinum 4 . 0 . 38
quickbooks 2004 premier edition
macromedia studio mx 2004
microsoft office system professional 2003
norton antivirus 2005
adobe pagemaker 7 . 01 fewanybody order ur softwares here not
being reading find . shining goes appearance how nothing . sugar beautiful explain .
| 2005-03-23T00:00:00 |
12,868 | re : amendment to im ii ppa i would like to make the message even more clear . epmi will not be making any changes , amendments , clarifications , interpretations , etc . to the current indian mesa ii ppa . therefore , any proposed purchaser of the indian mesa facility must evaluate the contract based on their own legal and commercial interpretation .
i don ' t think it is productive to spend any more time on this discussion . we will continue provide enron wind with the ppa value on a daily basis such that total shareholder value is maximized for any proposed wind transaction ( sale of company and / or sale of im project ) .
please feel free to call me to discuss ( 713 - 853 - 5035 )
- - - - - original message - - - - -
from : curry , mike
sent : fri 9 / 14 / 2001 3 : 11 pm
to : lamb , john ; payne , michael ; lindholm , tod a .
cc : presto , kevin m . ; murphy , harlan
subject : re : amendment to im ii ppa
we are not interested in these changes to the ppa . these changes will weaken the language in the contract for us ( i . e . improve it for aep that is probably why they are asking for the " clarifications " ) . i will be out next week on vacation so please address any further concerns in my absence to kevin presto . regards , - mike
- - - - - original message - - - - -
from : lamb , john
sent : friday , september 14 , 2001 10 : 28 am
to : curry , mike
cc : lindholm , tod a . ; payne , michael ; godfrey , jay
subject : amendment to im ii ppa
mike : attached is our proposed amendment to the indian mesa ii ppa . it deals with the banking clarification ( section 4 . 04 amendments ) , grid curtailment clarification ( section 5 . 02 amendments ) , guaranty clarifications requested by the lenders ( section 5 . 05 and 9 . 03 amendments ) , and the ercot amendment ( section 3 . 04 amendments ) that we have discussed . please note that the ercot restriction would permit international sales , such as to mexico , but would otherwise restrict epmi ' s sales of energy from the wind facility to other locations within ercot . in the preparation of this draft , we used the same amendment that was previously sent to you by e - mail on 8 / 22 / 01 . that e - mail had a redline with it to show the changes to the banking provisions . please let us know whether this draft is acceptable or whether you have any questions or comments on the amendment . thanks
regards
john
> | 0 | ham | re : amendment to im ii ppa | i would like to make the message even more clear . epmi will not be making any changes , amendments , clarifications , interpretations , etc . to the current indian mesa ii ppa . therefore , any proposed purchaser of the indian mesa facility must evaluate the contract based on their own legal and commercial interpretation .
i don ' t think it is productive to spend any more time on this discussion . we will continue provide enron wind with the ppa value on a daily basis such that total shareholder value is maximized for any proposed wind transaction ( sale of company and / or sale of im project ) .
please feel free to call me to discuss ( 713 - 853 - 5035 )
- - - - - original message - - - - -
from : curry , mike
sent : fri 9 / 14 / 2001 3 : 11 pm
to : lamb , john ; payne , michael ; lindholm , tod a .
cc : presto , kevin m . ; murphy , harlan
subject : re : amendment to im ii ppa
we are not interested in these changes to the ppa . these changes will weaken the language in the contract for us ( i . e . improve it for aep that is probably why they are asking for the " clarifications " ) . i will be out next week on vacation so please address any further concerns in my absence to kevin presto . regards , - mike
- - - - - original message - - - - -
from : lamb , john
sent : friday , september 14 , 2001 10 : 28 am
to : curry , mike
cc : lindholm , tod a . ; payne , michael ; godfrey , jay
subject : amendment to im ii ppa
mike : attached is our proposed amendment to the indian mesa ii ppa . it deals with the banking clarification ( section 4 . 04 amendments ) , grid curtailment clarification ( section 5 . 02 amendments ) , guaranty clarifications requested by the lenders ( section 5 . 05 and 9 . 03 amendments ) , and the ercot amendment ( section 3 . 04 amendments ) that we have discussed . please note that the ercot restriction would permit international sales , such as to mexico , but would otherwise restrict epmi ' s sales of energy from the wind facility to other locations within ercot . in the preparation of this draft , we used the same amendment that was previously sent to you by e - mail on 8 / 22 / 01 . that e - mail had a redline with it to show the changes to the banking provisions . please let us know whether this draft is acceptable or whether you have any questions or comments on the amendment . thanks
regards
john
> | 2001-09-15T00:00:00 |
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