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Enron Mail |
Caroline:
Please give me a call when you're off the phone. Thanks. Sara Shackleton Enron North America Corp. 1400 Smith Street, EB 3801a Houston, Texas 77002 713-853-5620 (phone) 713-646-3490 (fax) sara.shackleton@enron.com Caroline Abramo@ENRON 04/19/2001 02:20 PM To: Sara Shackleton/HOU/ECT@ECT cc: Carol St Clair/HOU/ECT@ECT, Paul Radous/Corp/Enron, Fred Lagrasta/HOU/ECT@ECT Subject: WEXFORD- Valentis/ CD Holdings We are trying to do a deal with Valentis Investors LLC (we have an LLC agreement for this entity) and CD Holdings (I do not have the LLC agreement for them- do you need?). Valentis is part of Wexford V- a fund owned by Wexford Capital. Paul Radous has all these linkage documents- he originally sent them up to Carol. Valentis and CD Holdings jointly own some oil and gas properties. They would like to transact a hedge of these properties- they would like to sell natural gas forward for 8 years. The total notional on the deal is about 34M.. I have discussed this with Paul Radous.. he has suggested that we do this deal as a stand alone for the Valentis and CD Holding entities.. he is requesting initial margin of 2million with a cap of 5 million. They wanted to do this deal today (actually for the last week)... but we need to know if there are any legal objections... we will need a deemed ISDA like AIG. Please give Paul and I a call when you have a minute. Thanks, Caroline
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