Martini Chat: Where's the Juice After Enron's Meltdown?

The following is an excerpt from this week's Martini Chat, an hourlong, online program on market and current events at 5 p.m. EST every Thursday, hosted by TheStreet.com columnist Chris Edmonds and reporter Eric Gillin. To participate, visit TheStreet.com just before the show begins, and click on the invitation.

Eric Gillin: Speaking of different, things in the energy business are certainly shaken up. Enron is on the canvas, Calpine is staggering and Halliburton seems to have taken a barrage of punches that has dizzied the company. Is there any juice left in the energy world?

Chris Edmonds: That's a good question, and one that investors are keenly focused on as a result of the rapid-fire news that has hit the oil, gas and power sectors in the last several weeks. First Enron, then Halliburton and now Calpine and El Paso. If that's not bad enough, crude oil and natural gas prices are near recent lows and power prices are trending lower.

I must add one thing for those following the Enron saga: As of ten minutes ago, Andrew Fastow is reportedly still in the country. ...