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Enron Mail |
BUSINESS HIGHLIGHTS
Oil Products Group The Enron Global Markets Oil Products Trading Team is at it again. On=20 December 27, 2000 they successfully completed four EnronOnline trades with = a=20 total volume of 40 million barrels and a total notional value of=20 approximately $145 million. ? USGC Heating Oil Crack - 1.3 million barrels/month for calendar year 2001= =20 for a total of 15.6 million barrels and a notional value of $60.84 million; ? USGC Heating Oil Crack - 700,000 barrels/month for 1Q 2001 for a total of= =20 2.1 million barrels and a notional value of $12.18 million; ? USGC Gasoline Crack - 1.2 million barrels/month for calendar year 2001 fo= r=20 a total of 14.4 million barrels and a notional value of $54.72 million; ? USGC Jet/Heat Swap - 650,000 barrels/month for calendar year 2001 for a= =20 total of 7.8 million barrels and a notional value of $17 million; This team has completed trades withe the largest volumes and highest notion= al=20 values to date on EnronOnline. Steel Trading=20 On the steel trading side, we have just hired 4 steel traders, expanding th= e=20 steel team to 10 people totaling over 75 years of accumulated steel=20 experience. Financial Hot Rolled steel swaps are on EnronOnline. Put and= =20 call options are quoted and physical steel will be launched during the firs= t=20 quarter of 2001. The next goal for both originators and traders will be to= =20 "Enronize" the new traders and educate the steel industry on our risk=20 management tools.=20 IN THE NEWS "Enron, once focused on shipping natural gas through pipelines, made huge= =20 strides into new markets in 2000 by developing technology to trade everythi= ng=20 from electricity to Internet data capacity." -- The Year's Top Business=20 Stories in the Houston Chronicle NUGGETS & NOTES "Work hard, Play hard" - Jeff McMahon - President & CEO - EIM "January 1 the real game has begun...........have you seen our budget!" - R= ay=20 Bowen - MD & COO - EIM EIM employees to Marsha Schiller - Executive Assistant and floor coordinato= r=20 for EIM , " I need a desk!" I don't want to sit in the window!" Congratulations are in order for Tim Belden, VP/West Power Trading and his= =20 wife Sue. They started off the New Year celebrating the birth of their so= n,=20 Jackson Fletcher Belden. Jackson arrived, December 28, 2000, weighing 8lbs= =20 10oz, 20 inches long. Mother, baby, and father are doing well. WELCOME New Hires ENA/EIM/EGM ENA =01) Alexandra Villarreal Transfers ENA/EIM/EGM ENA =01) Frank Vickers=20 LEGAL STUFF The information contained in this newsletter is confidential and proprietar= y=20 to Enron Corp. and its subsidiaries. It is intended for internal use only= =20 and should not be disclosed.
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