Enron Mail

From:houston <.ward@enron.com<
To:aavalos@pnm.com
Subject:RE: Q3 Call Option
Cc:
Bcc:
Date:Thu, 1 Nov 2001 09:31:50 -0800 (PST)

Art,

Just wondering about your comments to our Enfolio.

Thanks,

Kim

p.s. What is going on in the market with you guys these days?


-----Original Message-----
From: "Avalos, Art" <AAVALOS@pnm.com<@ENRON
Sent: Tuesday, October 30, 2001 9:42 AM
To: Ward, Kim S (Houston)
Subject: RE: Q3 Call Option


Thanks for the info. and I will be sending you
PNM's comments via e-mail.
Thanks again,
Art Avalos
-----Original Message-----
From: Kim.Ward@enron.com [mailto:Kim.Ward@enron.com << File: mailto:Kim.Ward@enron.com << ]
Sent: Tuesday, October 30, 2001 7:54 AM
To: AAVALOS@pnm.com
Subject: RE: Q3 Call Option
Art,
An at the money Daily call option (against first of the month index) for
gas at San Juan is $.24 for Q3 next year. At the money monthly call
options would be $.58 with a strike of $3.10. A fixed price daily call
option would be $.60 with a strike of $3.10.
Let me know if you have any questions.
Thanks,
Kim
-----Original Message-----
From: "Avalos, Art" <AAVALOS@pnm.com<@ENRON
Sent: Monday, October 29, 2001 3:13 PM
To: Ward, Kim S (Houston)
Subject: Q3 Call Option
Hi Kim, hope you're doing well. Just received comments from our
Lawyers for your Master Enfolio. Should I be speaking with you or
someone else?
Also, could you give me a quote of what a daily call for Q3 will be
at the money for 5,000 mmBtu/day.
Thanks,
I really appreciate it.
Art Avalos
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