|
|
Enron Mail |
Randall,
I have a few structures to propose: ENA sells to Bank of America 500 contracts/month Jan02-Dec02 ATM + $1 ENA buys from Williams 500 contracts/month Jan02-Dec02 ATM + $1 Williams buys from Bank of America 500 contracts/month Jan02-Dec02 ATM + $1 or ENA sells to Bank of America 250 contracts/month Jan04-Dec05 ATM + $1 ENA buys from Williams 250 contracts/month Jan04-Dec05 ATM + $1 Williams buys from Bank of America 250 contracts/month Jan04-Dec05 ATM + $1 Either set of trades takes off $60million of exposure and flattens our total nymex swap positions. The latter fits the term structure of our positions better, but the former may fit our credit positions better. Let me know what you think. Thanks, Geof Storey 713-853-7058 -----Original Message----- From: O'Neal, Randall [mailto:randall.oneal@williams.com] Sent: Monday, November 05, 2001 3:53 PM To: Storey, Geoff Subject: RE: Geoff, based on implied default levels, we would look to transact this trade in the +$1.50 range -----Original Message----- From: Storey, Geoff [ <mailto:Geoff.Storey@enron.com<] Sent: Monday, November 05, 2001 1:35 PM To: O'Neal, Randall Subject: Randall, Bank of America is the proposed counterparty. I wrote the exposure incorrectly on my last email. The trades are the same, but your exposure to Enron is reduced and replaced with exposure to Bank of America. Please let me know what you think. Geof Storey Work:713-853-7058 Cell: 713-412-4632 ********************************************************************** This e-mail is the property of Enron Corp. and/or its relevant affiliate and may contain confidential and privileged material for the sole use of the intended recipient (s). Any review, use, distribution or disclosure by others is strictly prohibited. If you are not the intended recipient (or authorized to receive for the recipient), please contact the sender or reply to Enron Corp. at enron.messaging.administration@enron.com and delete all copies of the message. This e-mail (and any attachments hereto) are not intended to be an offer (or an acceptance) and do not create or evidence a binding and enforceable contract between Enron Corp. (or any of its affiliates) and the intended recipient or any other party, and may not be relied on by anyone as the basis of a contract by estoppel or otherwise. Thank you. **********************************************************************
|