The impact of Enron’s tailspin on the energy industry has been more severe than expected, Merrill Lynch analyst Carl Kirst said in a research note reviewing the investor exodus from merchant energy stocks last week and the actions taken by El Paso, Calpine, NRG, Mirant and others to quell investor fears.
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Analyst: Enron Fallout Worse Than Expected
The impact of Enron’s tailspin on the energy industry has been more severe than expected, Merrill Lynch analyst Carl Kirst said in a research note reviewing the investor exodus from merchant energy stocks this week — prior to Wednesday’s small rebounds.
December 14, 2001
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