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The company's stock price peaked at $90 US. Enron Corporation was one of the largest global energy, services and commodities company. Before it filed bankruptcy under chapter 11, it sold natural gas and electricity, delivered energy and other commodities such as bandwidth internet connection, and provided risk management and financial services to the clients around the world.
Enron was based in Houston, Texas, and was founded in July 1985
However, cracks began to appear in 2001. In October 2001, Enron reported a loss of $618 million — its first quarterly loss in four years. By late November, the company's stock was down to less than $1 US...
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