Re: word on the street

What do you mean funds are being told...?

Enron North America Corp.

From: Clayton Seigle 12/11/2000 09:11 AM

To: John L Nowlan/HOU/ECT@ECT, Gary Hickerson/HOU/ECT@ECT, Don
Schroeder/HOU/ECT@ECT, David J Botchlett/HOU/ECT@ECT, Jeffrey A
Shankman/HOU/ECT@ECT
cc: Scott Tholan/Corp/Enron@Enron, Robert Johnston/HOU/ECT@ECT
Subject: word on the street

According to sources, funds are being told this morning that OPEC is likely
to cut production by 800,000 - 1 million b/d in Q1 2001, no later than the
end of February. Most likely scenario as of now is that OPEC will hold an
extraordinary meeting in February to make the decision. In the unlikely
event that prices continue to slide significantly, the decision might be
moved up to the January 17 meeting.