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Enron is back
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Last: 11 days ago by A is A
I'll bet it's another CCS player.
randy828
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Ferris Wheel Allstar
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AG
but is there a playboy photo shoot?
About 15 yrs ago I was wearing an Enron t-shirt (that I thought was funny) at that 24 Hr Fitness on Richmond and some black lady approached me and basically verbally undressed me while I was working out for having the nerve to wear something like that in public "After so many people like her lost so much". Nevermind the fact that it had been roughly a decade, and I was clearly wearing it for humor and not as a loyal endorsement of the company or their actions.
lol
Director of Sales
I have complete faith in Malik. How do I invest?
Didn't have that on my 2024 bingo card. What's next, worldcom making a come back tour.
Rules.... Without them, we live with the animals.
This is not 'Nam, this is bowling. There are rules.
This is not 'Nam, this is bowling. There are rules.
Enron never left. The actual legit business is EOG.
I wonder what ol ken lay is up to nowadays.
Jock 07 said:
I wonder what ol ken lay is up to nowadays.
Feeding earthworms.
Ronnie '88
Chilling on a beach in Bolivia sipping on Pisco sours.
He's living in the Andes Mountains. He never passed away. Enron better bring back Lou Pai. He's on Mount Rushmore of Houston OGs.Jock 07 said:
I wonder what ol ken lay is up to nowadays.
lb sand said:
Chilling on a beach in Bolivia sipping on Pisco sours.
Uruguay
ThunderCougarFalconBird
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AG
Not sure if this is good or bad for the value of my belt buckle.
Ragoo said:
Enron never left. The actual legit business is EOG.
Right. As I understand it, EOG was the real O&G arm that split off prior to Enron becoming more of an investment-type firm (and the leading to all of the fraud).
E&P was never a huge part of Enron. Mark Papa took those assets and dived headfirst into the fracking world. The rest is history.AgEng06 said:Ragoo said:
Enron never left. The actual legit business is EOG.
Right. As I understand it, EOG was the real O&G arm that split off prior to Enron becoming more of an investment-type firm (and the leading to all of the fraud).
The bigger crime was Ken letting Rich Kinder have all their pipeline assets. Enron was a pipeline company at heart but Jeff didn't like the slow growth prospects of the business (i.e. lack of ability to manipulate) so he cast it aside.
BCG Disciple said:
Not sure if this is good or bad for the value of my belt buckle.
How did that survive Chapter 7?
94chem,
That, sir, was the greatest post in the history of TexAgs. I salute you. -- Dough
That, sir, was the greatest post in the history of TexAgs. I salute you. -- Dough
Diggity said:E&P was never a huge part of Enron. Mark Papa took those assets and dived headfirst into the fracking world. The rest is history.AgEng06 said:Ragoo said:
Enron never left. The actual legit business is EOG.
Right. As I understand it, EOG was the real O&G arm that split off prior to Enron becoming more of an investment-type firm (and the leading to all of the fraud).
They were a pipeline company at their heart. The bigger crime was Ken letting Rich Kinder have all their pipeline assets. Enron was a pipeline company at heart but Jeff didn't like the slow growth prospects of the business (i.e. lack of ability to manipulate) so he cast it aside.
Electrons are way easier to move than actual carbon atoms. Making money while producing nothing...the American dream, brought to you by Jack Welch.
94chem,
That, sir, was the greatest post in the history of TexAgs. I salute you. -- Dough
That, sir, was the greatest post in the history of TexAgs. I salute you. -- Dough
Got it. Thanks for the info.
I've done quite a bit of work with EOG, but that was in the last 15 years, so way past all of the Enron stuff.
I've done quite a bit of work with EOG, but that was in the last 15 years, so way past all of the Enron stuff.
Same with Dana Mead at Tenneco. Why hang on to a boring regulated pipeline business? Much more exciting to destroy the whole company by selling off the pieces.Diggity said:
The bigger crime was Ken letting Rich Kinder have all their pipeline assets. Enron was a pipeline company at heart but Jeff didn't like the slow growth prospects of the business (i.e. lack of ability to manipulate) so he cast it aside.
No, they got rid of EOG long before the collapse. The real money maker was the natural gas business. They were the market maker in most physical markets. That part got sold to one of the big houses, can't remember which one.Ragoo said:
Enron never left. The actual legit business is EOG.
exactly. Ken and his McKinsey buddy Skilling wanted returns on minimal capital to get a 'growth' stock valuation. Pipeline stock didn't appreciate very fast.Diggity said:E&P was never a huge part of Enron. Mark Papa took those assets and dived headfirst into the fracking world. The rest is history.AgEng06 said:Ragoo said:
Enron never left. The actual legit business is EOG.
Right. As I understand it, EOG was the real O&G arm that split off prior to Enron becoming more of an investment-type firm (and the leading to all of the fraud).
The bigger crime was Ken letting Rich Kinder have all their pipeline assets. Enron was a pipeline company at heart but Jeff didn't like the slow growth prospects of the business (i.e. lack of ability to manipulate) so he cast it aside.
The Transwestern interstate pipeline was sold to Southern and then later to Energy Transfer. Can't remember who initially bought the NNG line, but Berkshire owns it now.bularry said:No, they got rid of EOG long before the collapse. The real money maker was the natural gas business. They were the market maker in most physical markets. That part got sold to one of the big houses, can't remember which one.Ragoo said:
Enron never left. The actual legit business is EOG.
I was on the interstate pipeline audit team. The DOJ did not even interview us because it was a legit asset. But Enron used its cashflows to fund the other "sexy" businesses. That resulted in the FERC changing the rules on interstate pipeline cashflows getting filtered back into their parent co for other purposes.
I worked as a contract worker for Enron Gas Pipeline. It was Houston Pipe Line, Louisiana Resources and Florida Gas Transmission.
Wasn't Northern Natural Gas (pipeline) the original Enron asset?
Wasn't Northern Natural Gas (pipeline) the original Enron asset?
Enron was formerly known as EnerNorth - it was a combination of Houston Pipe Line and Northern Natural Pipeline.
InterNorth
Video of "CEO" dropped. Connor. And now there is a timer.
Are there other threads that explains all this?
Are there other threads that explains all this?
A is A
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