orgination

pay only the $1750 referenced below to Robin Barbie from my book.
---------------------- Forwarded by Scott Neal/HOU/ECT on 02/13/2001 12:12 PM
---------------------------

From: Robin Barbe 02/08/2001 11:15 AM

To: Scott Neal/HOU/ECT@ECT
cc:
Subject: orgination

as i discussed today listed below is the trade that i would like orgination
granted on and a summary of the other
deal i spoke with you about.

bought 5000 dracut from hydroquebec sitara deal number 610884 purchase price
$6.10
sold 5000 dracut from conn nat sitara deal number 610959
sell price $6.45

orgination $1750

additionally on a daily basis i attempt to market the tenn zone 5 above the
cng bid.
usually with success.
the production costs roughly 28 cents at current prices to move to cng.
today the cng two way was 6.51 by 6.55. i sold 5800 at $6.48 which is a
$6.76 cng equivalent or
.25 over the cng bid or $1450

i can't try to forward sell this gas because we don't know on a forward basis
if we are going to have this gas.
i assume that this position would go into the cng position when the books are
broken out and i can't imagine that
scott will have the time try to market it. thus if i am spending a
considerable amount of time in the morning trying to add
value to the desk with the illiquid assets that we have and i am successful,
then i feel that signficant quantifiable contributions
made to the desk should be recognized.