QUESTION: Please respond to Sivy on Stocks SIVY ON STOCKS from money.com April 25, 2001 Construction project The need for aggressive oil exploration and new electrical power plants should be a bonanza for firms like Fluor that can manage such projects on a global basis. By Michael Sivy It may seem hard to believe today, but back in the 1970s, one of the hottest stock groups was Construction and Engineering. These C&E firms managed mega-projects, including oil refineries and pipelines in the Middle East, and were minting money because of the oil shortage. But during the past decade, the energy crisis seemed like only a distant memory. And even the best C&E firms, such as Fluor [FLR], ran into trouble. For most of the late 1990s, Fluor's earnings were stagnant. The company over-expanded in 1994 and subsequently began missing its growth targets. As the problems got worse, the stock fell from a high of $75 a share in 1997 to less than $23 early last year. To fix these problems, Fluor decided it would be smart to split the company in half, separating its C&E businesses from its coal-mining operations, which now trade as Massey Energy [MEE]. Since the split late last year, Flour has been doing well and appears poised for even better times to come. But this improved performance has gone unnoticed by many investors because the division of the company and the shift of its reporting schedule from a fiscal to a calendar year have made earnings comparisons difficult. In fact, some research sources have stopped following the stock altogether. That's a pity because the outlook for energy is better than it's been in a decade. The scare of higher crude prices should greatly improve prospects for oil projects, while electricity shortages in California -- and possibly
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ANS: Sivy on Stocks: Construction project
The place (outside) is a mess and needs some clean-up (e.g., get all that old wood out of the front yard, whack down the weeds). Possible for you guys to come up next Wednesday night and we can do a quick clean up on Thursday. I'm going to try to hire a hauling company to help us and haul it away. If Cameron has to work are you available? Best,
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answer: Memorial Day
LLoyd Will and Kim Melodick have requested your help in identifying what YOU feel it takes to be successful within each functional unit of East Power. This feedback will be used to create a recruiting, retention and development tool that will assist East Power in identifying the skills and training that are key to your group's success. Please take some time to answer the attached four questions as they relate to your area. Your participation and cooperation is greatly appreciated. Sarah Zarkowsky x53791 Ben Brasseaux x58747 Meliza Evanson x57855 Enron North America Human Resources
Answer: What does it take?
Here is an email: Gerald, I understand that you will be taking on some of Sandi's projects since she left the company. I have been working with Sandi on an agency agreemtent between ENA and Tenaska IV Partners, related to the gas supply for the Cleburne Plant. Has she brought you up to speed on what we need? We are looking into selling our stake in the plant and need to finalize the agreement as soon as we can. Please let me know what you need to finish this. Thanks. Daren
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A: Tenaska IV - Cleburne Plant
Q: Meredith, please path deal 209359 with 209371 for Jan 31. This should capture the meter bounce fee ENA owes Bay State. Sherry, I don't remember who gave me this invoice. I will leave it on your desk.
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A: Bay State Meter bounce fee
Here is an email: I bought it at 41 and 42 ovver the last week and it's looking good. I bought them based on industry, strategy, and PEG. Check it out.
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A:
CPN