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Enron Mail |
Stan,
Attached is an update of the component IDD deal that we entered into 2 weeks ago. As predicted by the techinicals, the market has dropped considerably and our IDD spread has grown from an initial value of $0.34/mmbtu to the current spread of $0.43/mmbtu. The price risk on the December, '00 locked-in price is currently trading at a $0.105/mmbtu gain. Kent
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