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1.
6d97d50c-5d47-461c-9c3b-21f83bc5a3f2
Wed, 13 Dec 2000 13:09:00 -0800 (PST)
re:spreads
saw a lot of the bulls sell summer against length in front to mitigate margins/absolute position limits/var. as these guys are taking off the front, they are also buying back summer. el paso large buyer of next winter today taking off spreads. certainly a reason why the spreads were so strong on the way up and such a piece now. really the only one left with any risk premium built in is h/j now. it was trading equivalent of 180 on access, down 40+ from this morning. certainly if we are entering a period of bearish to neutral trade, h/j will get whacked. certainly understand the arguments for h/j. if h settles $20, that spread is probably worth $10. H 20 call was trading for 55 on monday. today it was 10/17. the market's view of probability of h going crazy has certainly changed in past 48 hours and that has to be reflected in h/j.
[email protected] on 12/13/2000 04:15:51 PM To: [email protected] cc: [email protected] Subject: re:spreads mkt getting a little more bearish the back of winter i think-if we get another cold blast jan/feb mite move out. with oil moving down and march closer flat px wide to jan im not so bearish these sprds now-less bullish march april as well.
Jarnold.nsf
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124
arnold-j
10.
30604f37-7ba8-4830-b4ec-745499f26239
Mon, 11 Dec 2000 08:51:00 -0800 (PST)
re:summer inverses
amazing how with cash futures at $1 and the back such a piece that f/g under such pressure. month 2 has been the strongest part of the board all year. will be interesting to see what happens when h/j is prompt. could j actually be strong? seems like of the spreads on the board the best risk reward is in f/g. a little worried about having the z/f effect again. that is, all spec length trying to roll and funds trying to roll at the same time leading to some ridiculous level at expiry. any thoughts?
[email protected] on 12/08/2000 12:05:54 PM To: [email protected] cc: Subject: re:summer inverses i suck-hope youve made more money in natgas last 3 weeks than i have. mkt shud be getting bearish feb forward-cuz we already have the weather upon us-fuel switching and the rest shud invert the whole curve not just dec cash to jan and feb forward???? have a good weekend john
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100.
c5477ce8-7339-486c-80af-1f7d04949213
Tue, 17 Oct 2000 11:56:00 -0700 (PDT)
Re: congrats
We both thank you
From: Jennifer Fraser 10/17/2000 06:12 PM To: John Arnold/HOU/ECT@ECT cc: Subject: congrats Dutch ( as you know ) is great. I am very happy for him and you JF
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4
87
arnold-j
101.
f9aa1f1c-f357-4e66-b891-d53c6296ba01
Tue, 17 Oct 2000 10:36:00 -0700 (PDT)
Re: Hi
So, what is it? And by the way, don't start with the excuses. You're expected to be a full, gourmet cook. Kisses, not music, makes cooking a more enjoyable experience.
"Jennifer White" <[email protected]> on 10/17/2000 04:19:20 PM To: [email protected] cc: Subject: Hi I told you I have a long email address. I've decided what to prepare for dinner tomorrow. I hope you aren't expecting anything extravagant because my culinary skills haven't been put to use in a while. My only request is that your stereo works. Music makes cooking a more enjoyable experience. Watch the debate if you are home tonight. I want a report tomorrow... Jen ___________________________________________________________________ To get your own FREE ZDNet Onebox - FREE voicemail, email, and fax, all in one place - sign up today at http://www.zdnetonebox.com
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102.
a3540bd5-3184-4567-bfdf-5edf7868c914
Tue, 17 Oct 2000 10:33:00 -0700 (PDT)
Re: Thursday meeting
sure, stop by and we'll arrange a place to meet. If you come by during trading hours though, I can only say hi for a couple seconds.
"Mark Sagel" <[email protected]> on 10/17/2000 05:20:14 PM To: <[email protected]> cc: Subject: Re: Thursday meeting That sounds fine. Would you like to meet at your office and go from there? By the way, I will be in your office earlier in the afternoon for a meeting. Perhaps I can stop over to say hello. ----- Original Message ----- From: <[email protected]> To: <[email protected]> Sent: Tuesday, October 17, 2000 5:53 PM Subject: Re: Thursday meeting how about 6:00 for drinks "Mark Sagel" <[email protected]> on 10/17/2000 04:34:56 PM To: "John Arnold" <[email protected]> cc: Subject: Thursday meeting Hey John: When you have a chance, let me know what time works for us to get together Thursday. Thanks, Mark Sagel Psytech Analytics
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262
arnold-j
103.
15760e1a-dbff-4742-b40c-44c12a986c5e
Tue, 17 Oct 2000 09:53:00 -0700 (PDT)
Re: Thursday meeting
how about 6:00 for drinks
"Mark Sagel" <[email protected]> on 10/17/2000 04:34:56 PM To: "John Arnold" <[email protected]> cc: Subject: Thursday meeting Hey John: ? When you have a chance, let me know what time works for us to get together Thursday.? Thanks, ? Mark Sagel Psytech Analytics
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7
96
arnold-j
104.
750d4ae5-7b21-499b-9e2d-d22e4fa24065
Tue, 17 Oct 2000 07:14:00 -0700 (PDT)
Re:
I've got a "strategy" mtg from 3:00 - 5:00. It's very important. I've got to strategize about things. Not sure about exactly what. Just things.
From: Margaret Allen@ENRON on 10/17/2000 01:13 PM To: John Arnold/HOU/ECT@ECT cc: Subject: Re: Other than the fact that we desparately need your unbelieveably marketing-savvy person up here - no. What's going on in the trading world? Maybe I'll have to mosey on down there later today. Is it busy?
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106.
eb0658ac-3219-477a-916c-61ccd48d82ed
Mon, 16 Oct 2000 06:43:00 -0700 (PDT)
Re: Margin Lines
yea, how about 3:30?
Sarah Wesner@ENRON 10/16/2000 10:21 AM To: John Arnold/HOU/ECT@ECT cc: Subject: Margin Lines Are you around today? I need to talk to you about some things. Sarah
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9
58
arnold-j
107.
585c1d1e-bac6-4227-ba53-c4158f7ded88
Mon, 16 Oct 2000 05:40:00 -0700 (PDT)
Re: John Arnold's PC
how about 4:00? Ina Rangel
10/16/2000 11:03 AM To: John Arnold/HOU/ECT@ECT cc: Subject: John Arnold's PC John, When would be a good time for you. After work maybe? Ina ---------------------- Forwarded by Ina Rangel/HOU/ECT on 10/16/2000 11:02 AM --------------------------- DON ADAM @ ENRON 10/16/2000 10:06 AM To: Ina Rangel/HOU/ECT@ECT cc: Subject: John Arnold's PC Ina, Could you please have John email you the directions to his house and when would be a good time to come by and install the equipment? Thanks. Don
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13
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108.
25602f2a-b115-476c-b1d9-b4ecbef1abbb
Sat, 14 Oct 2000 10:13:00 -0700 (PDT)
Executive Reports Viewer: NEW LOCATION
I can't get into this....any ideas?
---------------------- Forwarded by John Arnold/HOU/ECT on 10/14/2000 05:12 PM --------------------------- Christa Winfrey 10/06/2000 06:00 PM To: Chris Abel/HOU/ECT@ECT, Darin Talley/Corp/Enron@ENRON, Alisa Green/HOU/ECT@ECT, Eugenio Perez/HOU/ECT@ECT, Faith Killen/HOU/ECT@ECT, Gary Hickerson/HOU/ECT@ECT, Gary Stadler/Enron Communications@Enron Communications, Greg Whalley/HOU/ECT@ECT, Cliff Baxter/HOU/ECT@ECT, John J Lavorato/Corp/Enron@Enron, John Sherriff/LON/ECT@ECT, Kevin Hannon/Enron Communications@Enron Communications, Kimberly Hillis/HOU/ECT@ect, Kevin M Presto/HOU/ECT@ECT, Michael Benien/Corp/Enron@ENRON, Mark Frank/HOU/ECT@ECT, Mark E Haedicke/HOU/ECT@ECT, Michael E Moscoso/HOU/ECT@ECT, Patricia Anderson/HOU/ECT@ECT, Raymond Bowen/HOU/ECT@ECT, Rick Buy/HOU/ECT@ECT, Rudi Zipter/HOU/ECT@ECT, Sally Beck/HOU/ECT@ECT, Shona Wilson/NA/Enron@Enron, Tim Belden/HOU/ECT@ECT, Trey Hardy/HOU/ECT@ect, Tammy R Shepperd/HOU/ECT@ECT, Veronica Valdez/HOU/ECT@ECT, William S Bradford/HOU/ECT@ECT, Wes Colwell/HOU/ECT@ECT, Bjorn Hagelmann/HOU/ECT@ECT, Brent A Price/HOU/ECT@ECT, David W Delainey/HOU/ECT@ECT, Mark Frevert/NA/Enron@Enron, Jeffrey A Shankman/HOU/ECT@ECT, Cassandra Schultz/NA/Enron@Enron, Daniel Falcone/Corp/Enron@ENRON, Frank Hayden/Corp/Enron@Enron, Frank Prejean/HOU/ECT@ECT, James New/LON/ECT@ECT, John L Nowlan/HOU/ECT@ECT, Kevin Beasley/Corp/Enron@ENRON, Kevin Sweeney/HOU/ECT@ECT, Liz M Taylor/HOU/ECT@ECT, Minal Dalia/HOU/EES@EES, Nelson Bibby/LON/ECT@ECT, Scott Earnest/HOU/ECT@ECT, Scott Tholan/Corp/Enron@Enron, Thomas Myers/HOU/ECT@ECT, George McClellan/HOU/ECT@ECT, Eric Groves/HOU/ECT@ECT, John Massey/HOU/ECT@ECT, Jeff Smith/HOU/ECT@ECT, Kevin McGowan/Corp/Enron@ENRON, Mason Hamlin/HOU/ECT@ECT, Kenneth Lay/Corp/Enron@ENRON, Joseph W Sutton@Enron, Jeffrey K Skilling@Enron, LaCrecia Davenport/Corp/Enron@Enron, Rebecca Phillips/HOU/ECT@ECT, Ted Murphy/HOU/ECT@ECT, Stacey W White/HOU/ECT@ECT, Vladimir Gorny/HOU/ECT@ECT, Daniel Reck/HOU/ECT@ECT, Sunil Dalal/Corp/Enron@ENRON, Fletcher J Sturm/HOU/ECT@ECT, Gabriel Monroy/HOU/ECT@ECT, Robin Rodrigue/HOU/ECT@ECT, Brian Redmond/HOU/ECT@ECT, Christopher F Calger/PDX/ECT@ECT, Cheryl Dawes/CAL/ECT@ECT, W David Duran/HOU/ECT@ECT, Georgeanne Hodges/HOU/ECT@ECT, Jim Coffey/HOU/ECT@ECT, Janet R Dietrich/HOU/ECT@ECT, Jeff Donahue/HOU/ECT@ECT, Julie A Gomez/HOU/ECT@ECT, Jill Louie/CAL/ECT@ECT, Jean Mrha/NA/Enron@Enron, Jere C Overdyke/HOU/ECT@ECT, Jody Pierce/HOU/ECT@ECT, John Thompson/LON/ECT@ECT, Kathryn Corbally/Corp/Enron@ENRON, Laura E Scott/CAL/ECT@ECT, Michael S Galvan/HOU/ECT@ECT, Michael Miller/EWC/Enron@ENRON, Mark Tawney/HOU/ECT@ECT, Paula McAlister/LON/ECT@ECT, Richard Lydecker/Corp/Enron@Enron, Rodney Malcolm/HOU/ECT@ECT, Rob Milnthorp/CAL/ECT@ECT, Scott Josey/Corp/Enron@ENRON, Andrea V Reed/HOU/ECT@ECT, Brenda F Herod/HOU/ECT@ECT, Chris Komarek/Corp/Enron@Enron, Cris Sherman/HOU/ECT@ECT, David Leboe/HOU/ECT@ECT, Gail Tholen/HOU/ECT@ECT, Greg Whiting/Corp/Enron@ENRON, Herman Manis/Corp/Enron@ENRON, Hope Vargas/HOU/ECT@ECT, Lon Draper/CAL/ECT@ECT, Mary Lynne Ruffer/HOU/ECT@ECT, Stanley Farmer/Corp/Enron@ENRON, Stephen Wolfe/HOU/ECT@ECT, Hunter S Shively/HOU/ECT@ECT, John Arnold/HOU/ECT@ECT, Jonathan McKay/CAL/ECT@ECT, Jim Schwieger/HOU/ECT@ECT, Mike Grigsby/HOU/ECT@ECT, Phillip K Allen/HOU/ECT@ECT, Scott Neal/HOU/ECT@ECT, Thomas A Martin/HOU/ECT@ECT, Andrew, Andrew R Conner/HOU/ECT@ECT, Bob Crane/HOU/ECT@ECT, John Jacobsen/HOU/ECT@ECT, Matthew Adams/Corp/Enron@ENRON, Steven Kleege/HOU/ECT@ECT, Tracy Beardmore/NA/Enron@Enron, Robert Richard/Corp/Enron@ENRON, Timothy M Norton/HOU/ECT@ECT, Michael Nguyen/HOU/ECT@ECT, D Todd Hall/HOU/ECT@ECT, Eric Moon/HOU/ECT@ECT, Jenny Latham/HOU/ECT@ECT, Valarie Sabo/PDX/ECT@ECT, Monica Lande/PDX/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT cc: Vern Vallejo/HOU/ECT@ECT, Sally Chen/NA/Enron@Enron, Annemieke Slikker/NA/Enron@Enron, Kristin Walsh/HOU/ECT@ECT Subject: Executive Reports Viewer: NEW LOCATION As of midnight, Saturday, October 7th, the Executive Reports Viewer will no longer be accessible at its current location, due to IT modifications. The system has been redesigned to allow access via Internet Explorer (you cannot use Netscape). The new location is http://ersys.corp.enron.com. This change will ONLY affect the viewing of the reports; it will NOT impact the publishing of the reports. A shortcut icon can be created by dragging the Internet Explorer Logo (located in the address field next to the URL) to the desktop. If you have any questions, please do not hesitate to call Kristin Walsh at 3-9510 or myself at 3-9307. Thank you for your understanding, Christa Winfrey
Jarnold.nsf
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10
1,788
arnold-j
109.
61850adf-23a6-442b-bb29-be55dd39092e
Sat, 14 Oct 2000 10:12:00 -0700 (PDT)
Re: Sunday Trading
Savita: A couple of issues: 1. I'm having trouble setting a syncopated basis child of a syncopated basis child (grandchild). Is this not currently allowed by the system? 2. I have a lot of counterparties whom click on hub gas daily when they meant to trade nymex. Although I would like the nymex filter to bring gas dailies, is there anyway to separate them a little more clearly. Eventually I would like to run all my products in parallel with gas daily, but I'm restricted right now by issue #1. Please advise, John
Jarnold.nsf
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147
0
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11.
28def9e1-791f-4eb4-a395-86188c6dbc29
Mon, 11 Dec 2000 08:10:00 -0800 (PST)
Re:
cant handle the pressure of big money?? John
J Lavorato@ENRON 12/10/2000 09:58 AM To: John Arnold/HOU/ECT@ECT cc: Subject: minn +3 1/2 jack -16 1/2 tenn-cinnci under35 gb-det under 39 1/2 tb +2 1/2 new england +2 1/2 pitt +3 1/2 phil-clev under 33 1/2 seattle +10 jets +9 1/2 and over 40 1/2 tease as discussed.
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13
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arnold-j
110.
707aa0c6-e453-4f79-83d4-b83c57cfe830
Sat, 14 Oct 2000 10:02:00 -0700 (PDT)
Re: Last night
Oh yea, I always get those two places confused.
From: Margaret Allen@ENRON on 10/13/2000 04:26 PM To: John Arnold/HOU/ECT@ECT cc: Subject: Re: Last night I thought we agreed to Denny's tonight after Rick's?!
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11
57
arnold-j
111.
eebfe8e4-7bdb-483d-8346-aafc845e9229
Sat, 14 Oct 2000 10:00:00 -0700 (PDT)
Re: mkts
pira's certainly got the whole market wound up. I've seen a wave of producer selling for the first time in two months over the past two days. Most selling Cal 1 off the back of Pira. Pira certainly commands a lot of respect these days. Too much, probably. The problem with all these bull spreads (ie F-H) is the thought process in natty is that if Jan is strong, just think what happens when you get to March and run out of gas. The spread game is very different than playing crude. These spreads haven't moved for the past 1000 point runup. You know there were guys bullish this market trying to play it with spreads and haven't made a penny. Just to clarify, Pira said 3 bcf y on y for Z1? That seems hard to believe.
[email protected] on 10/13/2000 09:42:43 AM To: [email protected] cc: Subject: mkts cmon give me some credit-you think ive been doing this this long w/out know who's doing what! im i ny for the pira conference-thyre pretty bearish cal 01 and 02-will be interesting to see if/when the producers start to take that to heart. here's one for you to think about... of pira's rite-ie production gonna be up 1-1.5 bcf by year end. does increased deliverabilty mean these winter sprds in producing areas-ie jan-apr and the fact the mkts gonna be more concerened about running out in march than in jan suggest big invererese will not be sustainable but will happen only on a weather event??? be curoius your thots-i maybe thinking too much but makes some sense to me-have a good weekend johnny. pira says decm 01 prod up 3 bcf y on y!
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112.
1ca00bd9-6899-4b86-91fb-30e6eff8ea15
Fri, 13 Oct 2000 09:25:00 -0700 (PDT)
Re: Last night
of course... just kidding. Aldo's next week. you're done. Open up your checkbook baby.
From: Margaret Allen@ENRON on 10/13/2000 03:45 PM To: John Arnold/HOU/ECT@ECT cc: Subject: Re: Last night am i being ignored?
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27
49
arnold-j
113.
04251268-9f99-4462-921f-2a171e764c37
Fri, 13 Oct 2000 05:59:00 -0700 (PDT)
Re:
Jerk
From: Jeffrey A Shankman 10/13/2000 08:49 AM To: John Arnold/HOU/ECT@ECT cc: Subject: Give me a C Give me an N Give me an R Give me an S What do you have? A Quarter!
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2
99
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114.
b38a2186-1eca-42df-8bd3-1601c426843a
Fri, 13 Oct 2000 05:59:00 -0700 (PDT)
Re: Last night
Lady, c'mon...you're just one of the guys! Wanna go to Treasures tonight?
From: Margaret Allen@ENRON on 10/13/2000 08:39 AM To: John Arnold/HOU/ECT@ECT cc: Subject: Last night Hey Buster John, Despite the X's you received last night for your ill behavior, I wanted to thank you for dinner because I had a great time. Although, I do take personal offense to being flipped off at least 5 times in the course of dinner. Watch your manners when your with a lady! I hope you have a great Friday and today is one of your top 5 too! MSA
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115.
b9e1f416-c5c2-4a95-a63b-b72a2b67e28b
Thu, 12 Oct 2000 10:54:00 -0700 (PDT)
Gary: Just checking to see if the Trader's Roundtable includes us gas boys. I would certainly be interested in attending. John
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31
0
arnold-j
1157.
ad503690-fab2-4dfa-92c9-904ce2f60966
Wed, 4 Oct 2000 09:04:00 -0700 (PDT)
Re:
Premonition? =20 =09 =09 =09
From: Jennifer Fraser 10/04/2000 03:01 PM =09 To: John Arnold/HOU/ECT@ECT cc: =20 Subject:=20 British Trader Sentenced to Prison this could be you British Trader Sentenced to Prison=20 By Jill Lawless Associated Press Writer Tuesday, Oct. 3, 2000; 2:07 p.m. EDT LONDON =01)=01) A futures trader who bet the wrong way on= U.S. unemployment figures, and destroyed a company in 92=20 minutes, was sentenced Tuesday to more than three years in jail.=20 "The position got worse and he was just numb," a defense= =20 attorney said, comparing the debacle to a bad night at a roulette wheel.= =20 Stephen Humphries, 25, formerly a trader at Sussex Future= s=20 Ltd., sank the company with losses of $1.1 million.=20 "During that afternoon of Friday, Aug. 6, 1999, during a= =20 period of one hour, 32 minutes, the company's hard-earned reputation an= d=20 value was destroyed at a stroke ... by the fraudulent trading=20 activity of one man, Stephen Humphries," said prosecution lawyer Martin Hicks.= =20 Humphries pleaded guilty to one count of fraudulent=20 trading. Judge Denis Levy sentenced him to three years and nine months in=20 prison.=20 Southwark Crown Court heard testimony that Humphries ran = up=20 the losses by trading futures contracts in government bonds,= =20 and repeatedly lied to superiors about his trades.=20 When worried colleagues left to summon the firm's senior= =20 broker, Humphries fled the building.=20 After the huge one-day loss, the company's creditor banks= =20 balked and a financial regulator was called in. Sussex Futures =01) wh= ich=20 employed 70 brokers =01) ceased trading three months later with losse= s of=20 $3.4 million.=20 The court was told that Humphries' trading losses began o= n=20 the morning of Aug. 6, wiping out two-thirds of his $25,000 trading=20 deposit by lunchtime. The situation worsened at 1:30 p.m., when U.S. economic= =20 figures were released showing no increase in the unemployment rate. Th= e=20 data made U.S. interest rates more likely to rise and reduced the= =20 value of fixed-interest investments such as British government=20 bonds.=20 Nonetheless, Humphries continued to buy, in quantities th= at=20 exceeded his trading ceiling. Questioned by co-workers about the large= =20 trades going through his account, Humphries said he was in the process= =20 of selling out.=20 By the time he fled, he held more than 100 times his=20 trading limit in futures. "In the course of an afternoon ... you ruined not only yo= ur=20 own career, but the career of many others and you caused a prosperous=20 company, Sussex Futures Limited, to go into liquidation, causing loss to= =20 the company which trusted you and employed you," said the judge.=20 Defense lawyer Simon Ward said Humphries had been under= =20 intense financial pressure and was "deeply sorry."=20 He had lost a previous job when a trading company he work= ed=20 for went under =01) also at the hands of a rogue trader.=20 He had taken out large bank loans, amassed a substantial= =20 credit-card debt and had borrowed from his father's life savings. He and h= is=20 partner, with whom he had two children, had a third baby die, a blow th= at=20 affected Humphries' judgment, Ward said.=20 "This is a tragic and very upsetting case," said Ward. "H= e=20 was 24, under intense financial and personal pressure and, in effect,= =20 lost his head at the roulette table."=20 , Copyright 2000 The Associated Press=20 Back to the top=20
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1158.
1efc5c4c-f148-48aa-ace2-3cf03a8f3187
Wed, 13 Sep 2000 00:30:00 -0700 (PDT)
RE: (no subject)
I am not who you think I am. I have never been in IDRC nor am I in the profession. Thx, John
Jeannine Peaker <[email protected]> on 09/12/2000 02:09:32 PM To: John Arnold/HOU/ECT@ECT cc: Subject: RE: (no subject) We are still showing you as an Active member of IDRC. Do you wish to resign from the membership? -----Original Message----- From: [email protected] [mailto:[email protected]] Sent: Tuesday, September 12, 2000 1:59 PM To: Jeannine Peaker Subject: (no subject) Remove me from your mailing list please.
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arnold-j
1159.
b33c7fb8-d263-4cc4-aabe-3abed3bc34b7
Fri, 14 Jul 2000 11:27:00 -0700 (PDT)
Re: Re Larry May - REVISED
Frank: Susan Scott, Larry's risk manager, will compile and send you a spreadsheet of total p&l minus new deal p&l since June 1. Can you review this data and compare it to the respective VAR numbers for these dates. I think you will see the VAR numbers way overestimate his p&l volatility. John Enron North America Corp.
From: Frank Hayden @ ENRON 07/14/2000 05:17 PM To: John Arnold/HOU/ECT@ECT cc: Subject: Re Larry May - REVISED John, I apologize for the delay in responding, I was in class today. We are having difficulty backtesting Larry May's VaR. It looks as if during the month of June, the book administor loaded the spreadsheets into ERMS but assigned multiple master deal ID's. (the code is "NG-OPT-XL-PRC") For example Larry May is showing the following during the month of June: June 1st $797 million dollars loss June 2nd +192 million dollars made June 5th $300 million dollars made... (etc..) This problem makes it impossible to backtest.... Second, regarding a different approach, the immediate solution was the allocation of an additional $5 million dollars of VaR, thereby temporarily increasing your limit to $45 million. This limit increase is in effect until July 26th. The game plan is that during this time period, a better solution can be devised..... I hope this helps. Thanks, Frank John Arnold@ECT 07/14/2000 02:33 PM To: Frank Hayden/Corp/Enron@Enron cc: Subject: Frank: Just following up on two topics. One: Larry May's book continues to run at a VAR of 2,500,00 despite the fact his P&L is never close to that. Can you check that his exotics book positions are being picked up in his VAR calcs. Second: Have you looked into applying a band-aid to the understating longer term Vol problem until we change formulas? John
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arnold-j
116.
37ce0808-778e-46cd-bbd4-03e7c42f9559
Thu, 12 Oct 2000 10:49:00 -0700 (PDT)
Re:
Yea, problem is I left at noon to catch my flight, but Marc had a later flight because NY is closer to Columbus than here. Right after I left, the market got very busy and Marc decided to stay at work and not go. So that sucked. Jennifer Burns
10/12/2000 04:09 PM To: John Arnold/HOU/ECT@ECT cc: Subject: Re: I think I would be a little disappointed after traveling so far.......I guess it was nice to see your "buddies". John Arnold 10/12/2000 04:06 PM To: Jennifer Burns/HOU/ECT@ECT cc: Subject: Re: Sounds as if you went to a better show than I did. The game was very sloppy. They tied 0-0. Not too exciting. Jennifer Burns 10/12/2000 03:43 PM To: John Arnold/HOU/ECT@ECT cc: Subject: Re: Well......IT WAS GREAT!!!!!! Live was actually better than Counting Crows (Shocking). How was the Soccer Game? I owe you dinner. Thanks again for the tickets. John Arnold 10/12/2000 03:38 PM To: Jennifer Burns/HOU/ECT@ECT cc: Subject: how was the concert?
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arnold-j
117.
b2514312-5b82-4826-bcdf-dcbb5aebefd8
Thu, 12 Oct 2000 09:08:00 -0700 (PDT)
Re: SMUD deal Asian options
sure
To: John Arnold/HOU/ECT@ECT, Timothy M Norton/HOU/ECT@ECT, John Griffith/Corp/Enron@Enron, Dutch Quigley/HOU/ECT@ECT cc: Subject: Re: SMUD deal Asian options John, Thank you for your flexibility regarding the asian option we purchased from you (average Feb-Aug GD HH settle). Unfortunately, our customer would like to settle on 7 days, using the preceding day for any day for which Gas Daily is not published (i.e., Friday prices would be used for Saturday and Sunday) - so I know it's not your preference, but I need to take advantage of your offer. Regards, Gary x31511 John Arnold 10/08/2000 02:05 PM To: Gary Taylor/HOU/ECT@ECT cc: Subject: Re: SMUD deal Asian options I can do it either way but would much rather just make it the simple average of prices, 5 per week. From: Gary Taylor 10/05/2000 07:25 PM To: John Arnold/HOU/ECT@ECT, John Griffith/Corp/Enron@Enron cc: Subject: SMUD deal Asian options John(s), How will the Asian options we purchased from the gas desk settle with respect to weekends... will the average of every day's gas daily settle mean the average of only the days on which Gas Daily is published? or will it triple count each Friday's or Monday's price to account for the weekend (with a similar calculation on weekends). I assume it is the former, not the latter. Is this correct? Are you indifferent if we want to switch to the latter? Intuitively, it would seem to me that at this point, it wouldn't matter (because Friday or Monday prices are just as likely to be above the average as below the average), but you're wearing the risk, not us - so let me know. Frankly, we don't have a preference as a desk, except that we need the settlement to be consistent with the deal we are entering into with SMUD. SMUD has questioned our calculation and I need to know how much I need to argue for one or the other. Regards, Gary x31511
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1
592
arnold-j
118.
446314eb-4c52-4e7a-a5f5-5f7d284b3d8d
Thu, 12 Oct 2000 09:06:00 -0700 (PDT)
Re:
Sounds as if you went to a better show than I did. The game was very sloppy. They tied 0-0. Not too exciting. Jennifer Burns
10/12/2000 03:43 PM To: John Arnold/HOU/ECT@ECT cc: Subject: Re: Well......IT WAS GREAT!!!!!! Live was actually better than Counting Crows (Shocking). How was the Soccer Game? I owe you dinner. Thanks again for the tickets. John Arnold 10/12/2000 03:38 PM To: Jennifer Burns/HOU/ECT@ECT cc: Subject: how was the concert?
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arnold-j
12.
c25bf0f7-b299-4c45-be6b-3f86af85f531
Mon, 11 Dec 2000 03:58:00 -0800 (PST)
why does everybody in this company know my p&l?????
Jarnold.nsf
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12
0
arnold-j
120.
16b4da04-334c-4e49-9d6f-679a7e91a286
Thu, 12 Oct 2000 08:38:00 -0700 (PDT)
Re: Follow - Up
Thx, I do not have high speed service yet. Ina Rangel
10/12/2000 10:28 AM To: John Arnold/HOU/ECT@ECT cc: Subject: Follow - Up John, I just wanted to update you on some of the things that you wanted me to do: 1. I have ordered your computer and accessories for home use. Once it comes in Jay Webb and Don Adams of IT and EOL will make sure that everything you need will be programmed on your computer. 2. I I have ordered your t.v for the office 3. I am working with telerate department on how you will be able to access it from your home. 4. Polycom is installed in your office 5. I am still investigating different cellular phone companies I will get back to when everything is completed. And one question, do you all ready have DSL or any king of internet service at home? Ina
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209
arnold-j
121.
b6f4a71b-ddc7-4b4d-8f5f-4a29e3fd5a12
Thu, 12 Oct 2000 08:36:00 -0700 (PDT)
Re: Popup Text
sounds good
David Forster@ENRON 10/12/2000 01:32 PM To: Savita Puthigai/NA/Enron@Enron, Andy Zipper/Corp/Enron@Enron, Kal Shah/HOU/ECT@ECT cc: John Arnold/HOU/ECT@ECT Subject: Popup Text I would like to put the following text into a popup box which will appear once to all users of EnronOnline. If you have any comments, please pass them back to me by this afternoon. Thanks, Dave Special Bulletin: Nymex Trading every Sunday on EnronOnline Starting Sunday, October 15 and continuing every Sunday until further notice, Nymex US Gas Swaps will be available for trading from 4:00 p.m. to 7:00 p.m. Central Time.
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3
195
arnold-j
122.
282c9cba-464c-4aa1-bf46-01c026566877
Wed, 11 Oct 2000 03:16:00 -0700 (PDT)
Re: BNP PARIBAS Commodity Futures Weekly AGA Survey
82
[email protected] on 10/11/2000 08:17:21 AM To: [email protected] cc: Subject: BNP PARIBAS Commodity Futures Weekly AGA Survey Good Morning, Just a reminder to get your AGA estimates in by Noon EST (11:00 CST) TODAY. Last Year +49 Last Week +78 Thanks, Michael Byrne BNP PARIBAS Commodity Futures ______________________________________________________________________________ _______________________________________________________ Ce message et toutes les pieces jointes (ci-apres le "message") sont etablis a l'intention exclusive de ses destinataires et sont confidentiels. Si vous recevez ce message par erreur, merci de le detruire et d'en avertir immediatement l'expediteur. Toute utilisation de ce message non conforme a sa destination, toute diffusion ou toute publication, totale ou partielle, est interdite, sauf autorisation expresse. L'internet ne permettant pas d'assurer l'integrite de ce message, BNP PARIBAS (et ses filiales) decline(nt) toute responsabilite au titre de ce message, dans l'hypothese ou il aurait ete modifie. ------------------------------------------------------------------------------ ---- This message and any attachments (the "message") are intended solely for the addressees and are confidential. If you receive this message in error, please delete it and immediately notify the sender. Any use not in accord with its purpose, any dissemination or disclosure, either whole or partial, is prohibited except formal approval. The internet can not guarantee the integrity of this message. BNP PARIBAS (and its subsidiaries) shall (will) not therefore be liable for the message if modified. ______________________________________________________________________________ _______________________________________________________
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1
491
arnold-j
123.
a3f253b7-2fef-4a5e-9ea5-8e844fed51b4
Wed, 11 Oct 2000 03:16:00 -0700 (PDT)
Re: Var, Reporting and Resources Meeting
I will not be able to attend Enron North America Corp.
From: Airam Arteaga 10/11/2000 09:17 AM To: Phillip K Allen/HOU/ECT@ECT, Thomas A Martin/HOU/ECT@ECT, Scott Neal/HOU/ECT@ECT, John Arnold/HOU/ECT@ECT, Ted Murphy/HOU/ECT@ECT, Vladimir Gorny/HOU/ECT@ECT, Frank Hayden/Corp/Enron@Enron cc: Rita Hennessy/NA/Enron@Enron, Ina Rangel/HOU/ECT@ECT, Laura Harder/Corp/Enron@Enron, Kimberly Brown/HOU/ECT@ECT, Araceli Romero/NA/Enron@Enron, Kay Chapman/HOU/ECT@ECT Subject: Var, Reporting and Resources Meeting REMINDER - Please see below. ---------------------- Forwarded by Airam Arteaga/HOU/ECT on 10/11/2000 09:14 AM --------------------------- Enron North America Corp. From: Airam Arteaga 10/04/2000 02:23 PM To: Phillip K Allen/HOU/ECT@ECT, Thomas A Martin/HOU/ECT@ECT, Scott Neal/HOU/ECT@ECT, John Arnold/HOU/ECT@ECT, Grant Masson/HOU/ECT@ECT, Ted Murphy/HOU/ECT@ECT, Vladimir Gorny/HOU/ECT@ECT, Frank Hayden/Corp/Enron@Enron cc: Rita Hennessy/NA/Enron@Enron, Ina Rangel/HOU/ECT@ECT, Laura Harder/Corp/Enron@Enron, Kimberly Brown/HOU/ECT@ECT, Araceli Romero/NA/Enron@Enron, Kimberly Hillis/HOU/ECT@ect Subject: Var, Reporting and Resources Meeting Please plan to attend the below Meeting: Topic: Var, Reporting and Resources Meeting Date: Wednesday, October 11th Time: 2:30 - 3:30 Location: EB30C1 If you have any questions/conflicts, please feel free to call me. Thanks, Rain x.31560
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602
arnold-j
124.
d9e453d4-2287-4540-9826-49fe8a204bbf
Wed, 11 Oct 2000 03:14:00 -0700 (PDT)
Hey: I hope you know we were just kidding with you yesterday. We don't get many strangers on the floor so we have to harass them when we do. I think I am a couple of the "we are not" attributes in your book. Is that going to cause me any problems going forward? John
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77
0
arnold-j
125.
75d6d6c5-cf55-4a2c-92d3-c80ad631a4b4
Wed, 11 Oct 2000 02:02:00 -0700 (PDT)
I've got your tix. Just two though. I left them in my car. Can you walk down with me around 11:45-12:00?
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38
0
arnold-j
126.
c664fa4b-ef13-44fd-b5b3-6b9f1b3ad81b
Tue, 10 Oct 2000 06:40:00 -0700 (PDT)
Re: Offers
No 0-jun 1 indicative offer is 4.85 Sheetal Patel
10/10/2000 01:03 PM To: John Arnold/HOU/ECT@ECT, Mike Maggi/Corp/Enron@Enron cc: Charles H Otto/HOU/ECT@ECT Subject: Offers John & Mike, Could you please fill out the attach spreadsheet COB today? There is one swap term and one collar term. It looks like we are getting close to a finance deal and are working with John Thompson in the finance group. The outline quotes would be a buy out of existing deals on Enron's books. Thanks, Sheetal x36740
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19
143
arnold-j
127.
b4daed63-bfb0-4ab7-9c78-abdfbf3f4a3b
Tue, 10 Oct 2000 06:38:00 -0700 (PDT)
Re: Substantiation for EOL
how's 3:00?
From: Margaret Allen@ENRON on 10/10/2000 12:08 PM To: John Arnold/HOU/ECT@ECT cc: Subject: Re: Substantiation for EOL Oh, I have a meeting with four people at 3:30. Can I come before or after that? If no other time works, I can probably change it. Just let me know, MSA
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6
96
arnold-j
128.
1a2e066f-2d28-4b9f-9d4c-9efe9a043edc
Tue, 10 Oct 2000 05:02:00 -0700 (PDT)
Re: Substantiation for EOL
Absolutely. Come by around 3:30??
From: Margaret Allen@ENRON on 10/10/2000 10:28 AM To: John Arnold/HOU/ECT@ECT cc: Subject: Substantiation for EOL Hi, I was hoping that you could give me a few minutes after trading hours to help me substantiate the EOL commercial. ABC is threatening not to run it if I don't prove that "Enron has created the First Internet Global Commodities Market." I can easily prove we are the largest, but I'm having a hard time with first. I know we were, but I have to have it in writing. Give me a call or email me and let me know when you have a second or two. Thanks, Margaret
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10
170
arnold-j
129.
845602de-73f8-4cac-b3ba-03628d64b327
Tue, 10 Oct 2000 04:59:00 -0700 (PDT)
Re: Admin Issues
how about 4:45?
From: Jennifer Fraser 10/10/2000 10:52 AM To: John Arnold/HOU/ECT@ECT cc: Subject: Admin Issues JA; Got any time say around 4 pm today .. I need 5 minutes to discuss some potential poaching on my part Thansk JF
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6
99
arnold-j
130.
9652420a-db89-4af1-b590-6ea78b4bbfcc
Mon, 9 Oct 2000 08:09:00 -0700 (PDT)
John: Please call Lavorato's secretary, Kim, and schedule a time to talk with John ASAP. Thanks, John
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31
0
arnold-j
131.
263f64f4-e2e7-4cd9-a9d5-07c4f82ccff3
Mon, 9 Oct 2000 04:23:00 -0700 (PDT)
Re: Hmmmmm........
Yea, I'm picking up 2 tix today....hopefully. John Jennifer Burns
10/09/2000 10:38 AM To: John Arnold/HOU/ECT@ECT cc: Subject: Hmmmmm........ J. Arnold- Hey - It's me! Any luck with the tickets????? Just curious if there any way I can get four tickets instead of two? I know I'm asking alot but I really appreciate it. You know how much I love the Counting Crows and last time they were in town someone was going to take me but the plans fell through..........Thanks!!!!!!! Jennifer
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22
130
arnold-j
132.
d909704c-9075-4244-b5ef-23cb0af990c9
Sun, 8 Oct 2000 07:07:00 -0700 (PDT)
Re:
I was long 4000 X @ 4902, then I switched it from X to F at the same price. I switched it at 5000, but it puts me into the F at a price basis of 4902. Sorry for the confusion. Enron North America Corp.
From: Kevin M Presto 10/05/2000 10:12 AM To: John Arnold/HOU/ECT@ECT cc: Subject: Re: My book indicates you have 4000F (Jan 01) at $5.00. ---------------------- Forwarded by Kevin M Presto/HOU/ECT on 10/05/2000 09:41 AM --------------------------- Enron North America Corp. From: Jenny Latham 10/05/2000 09:23 AM To: Kevin M Presto/HOU/ECT@ECT cc: Subject: Re: He has 4000F (Jan01) in your book at 5000. Enron North America Corp. From: Kevin M Presto 10/05/2000 08:30 AM To: Stacey W White/HOU/ECT@ECT, Jenny Latham/HOU/ECT@ECT cc: Subject: Please confirm Arnold's position by sending me an e-mail. ---------------------- Forwarded by Kevin M Presto/HOU/ECT on 10/05/2000 08:13 AM --------------------------- John Arnold 10/04/2000 04:01 PM To: Kevin M Presto/HOU/ECT@ECT cc: Subject: Hey: I just want to confirm the trades I have in your book. Trade #1. I sell 4000 X @ 4652 Trade #2. I buy 4000 X @ 4652 I sell 4000 X @ 4902 Trade #3 I buy 4000 X @ 5000 I sell 4000 F @ 5000 Net result: I have 4000 F in your book @ 4902. Thanks, John
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485
arnold-j
133.
d4d2b4ba-ed63-4596-9cbc-f608351e25bb
Sun, 8 Oct 2000 07:05:00 -0700 (PDT)
Re: SMUD deal Asian options
I can do it either way but would much rather just make it the simple average of prices, 5 per week.
From: Gary Taylor 10/05/2000 07:25 PM To: John Arnold/HOU/ECT@ECT, John Griffith/Corp/Enron@Enron cc: Subject: SMUD deal Asian options John(s), How will the Asian options we purchased from the gas desk settle with respect to weekends... will the average of every day's gas daily settle mean the average of only the days on which Gas Daily is published? or will it triple count each Friday's or Monday's price to account for the weekend (with a similar calculation on weekends). I assume it is the former, not the latter. Is this correct? Are you indifferent if we want to switch to the latter? Intuitively, it would seem to me that at this point, it wouldn't matter (because Friday or Monday prices are just as likely to be above the average as below the average), but you're wearing the risk, not us - so let me know. Frankly, we don't have a preference as a desk, except that we need the settlement to be consistent with the deal we are entering into with SMUD. SMUD has questioned our calculation and I need to know how much I need to argue for one or the other. Regards, Gary x31511
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335
arnold-j
134.
ab17a4cd-481b-4eed-9b53-2d0f5c02f7d7
Fri, 6 Oct 2000 08:41:00 -0700 (PDT)
Re: Thank you for dinner last night
Adam: Good question. The exchange, NYMEX, and I, Enron Online, offer a nearly identical product. The fight is over which execution model is superior. I would argue that technology will make open outcry exchanges extinct. It's happened in Europe already. The largest commodity exchange in Europe, the LIFFE, went with a parallel electronic system to open outcry. Within weeks, the floor was deserted and virtually all trading occurred electronically. I still trade on the exchange because we have credit issues with individuals and certain hedge funds that limit the trading we can do with them direct. The exchange still provides a credit intermediation function that is useful. It is certainly an issue that we are trying to address. John
"Bayer, Adam Ryan" <[email protected]> on 10/03/2000 01:23:01 PM To: [email protected] cc: Subject: Thank you for dinner last night Dear Mr. Arnold, It was nice to meet you yesterday at the information session. Thank you for the dinner last night. I had a great time getting to know Enron and its people in a more relaxed setting. During out conversation yesterday, I was confused about a point you made. You stated that you spent most of your time on the phone with Traders in New York. When you talk to the traders, do you try to steer them towards Enron Online, or are you doing trading outside of Enron Online? I think the underlying question that I am asking, is: Is Enron Online meant to facilitate a gas trader's job, or is it meant to bypass traders completely. Thanks again for your time and for dinner. I look forward to talking with you again when you come to campus for interviews. Cordially, Adam ----------------------------------------------------------------- Bayer, Adam Ryan Vanderbilt University Email: [email protected]
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179
287
arnold-j
135.
41f1cf71-1eb6-443a-8eaf-262bb1a576bf
Fri, 6 Oct 2000 05:31:00 -0700 (PDT)
Re: Demo
yes
Brian Hoskins@ENRON COMMUNICATIONS 10/05/2000 06:28 PM To: John Arnold/HOU/ECT@ECT@ENRON cc: Subject: Re: Demo 4pm? Brian T. Hoskins Enron Broadband Services 713-853-0380 (office) 713-412-3667 (mobile) 713-646-5745 (fax) [email protected] John Arnold@ECT 10/05/00 06:05 PM To: Brian Hoskins/Enron Communications@ENRON COMMUNICATIONS@ENRON cc: Subject: Re: Demo Oops, I hadn't gotten to this one yet. Can we do it any later? Brian Hoskins@ENRON COMMUNICATIONS 10/05/2000 04:52 PM To: [email protected] cc: John Arnold/HOU/ECT@ECT Subject: Re: Demo Let's plan on meeting between 3 and 3:30pm on Wednesday. I'll call you on Wednesday. Brian T. Hoskins Enron Broadband Services 713-853-0380 (office) 713-412-3667 (mobile) 713-646-5745 (fax) [email protected] [email protected] 10/05/00 03:39 PM To: Brian Hoskins/Enron Communications@Enron Communications cc: Subject: Re: Demo Let me know when will be good for both you and John on next Wednesday afternoon. Right now only you and myself have been added into the NT group. After the demo, if both of you think it is a great tool, then I am going to add all traders into the NT group, so they can use it. Fangming Brian_Hoskins @enron.net To: [email protected] cc: [email protected] 10/05/2000 Subject: Re: Demo 03:18 PM Fangming, I am out of town until tomorrow so will not be able to see the demo today. Wednesday afternoon looks good for me if you'd like to do it then. John, does this work for you? Brian Brian T. Hoskins Enron Broadband Services 713-853-0380 (office) 713-412-3667 (mobile) 713-646-5745 (fax) [email protected] |--------+-----------------------> | | Fangming.Zhu@| | | enron.com | | | | | | 10/05/00 | | | 09:17 AM | | | | |--------+-----------------------> > ----------------------------------------------------------------------------| | | | To: Brian Hoskins/Enron Communications@Enron Communications | | cc: [email protected] | | Subject: Demo | > ----------------------------------------------------------------------------| Hi, Brian: Let me know if you have time for the messageboard application demo today. I am planning to take vacation on Friday and coming Monday. I will not be available to show you the demo until next Wednesday if you can't see it today. Let me know your schedule. Thanks, Fangming
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1
2,016
arnold-j
136.
0ec9acb8-c15d-4224-89d7-46a32390b4e3
Fri, 6 Oct 2000 05:29:00 -0700 (PDT)
Re: options information
Dave: We spend a tremendous amount of resources and money collecting information. Further, the flow we see gives us an advantage in the market. We have little interest in distributing this info outside of the building. I hope you understand. Good luck to your brother. David Pruner@AZURIX
10/06/2000 09:03 AM To: John Arnold/HOU/ECT@ECT, Mike Maggi/Corp/Enron@Enron cc: Subject: options information I run the structuring group at Azurix, but I am emailing you in reference to my brother-in-law, Scott Adams, who is based in New York City. Since graduating from Brown University he has traded options on the floor in New York as a local for the last 8 years. He trades natural gas options and is looking to occassionally do an information exchange with someone where he can discuss the OTC market versus what he sees going on in the ring. If this would be of interest or not let me know and I will hook you two up. Thanks for your time. Dave Pruner 713-646-8329
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75
197
arnold-j
137.
6c593c8a-7846-4dfa-ba74-6eb867a26950
Thu, 5 Oct 2000 11:05:00 -0700 (PDT)
Re: Demo
Oops, I hadn't gotten to this one yet. Can we do it any later?
Brian Hoskins@ENRON COMMUNICATIONS 10/05/2000 04:52 PM To: [email protected] cc: John Arnold/HOU/ECT@ECT Subject: Re: Demo Let's plan on meeting between 3 and 3:30pm on Wednesday. I'll call you on Wednesday. Brian T. Hoskins Enron Broadband Services 713-853-0380 (office) 713-412-3667 (mobile) 713-646-5745 (fax) [email protected] [email protected] 10/05/00 03:39 PM To: Brian Hoskins/Enron Communications@Enron Communications cc: Subject: Re: Demo Let me know when will be good for both you and John on next Wednesday afternoon. Right now only you and myself have been added into the NT group. After the demo, if both of you think it is a great tool, then I am going to add all traders into the NT group, so they can use it. Fangming Brian_Hoskins @enron.net To: [email protected] cc: [email protected] 10/05/2000 Subject: Re: Demo 03:18 PM Fangming, I am out of town until tomorrow so will not be able to see the demo today. Wednesday afternoon looks good for me if you'd like to do it then. John, does this work for you? Brian Brian T. Hoskins Enron Broadband Services 713-853-0380 (office) 713-412-3667 (mobile) 713-646-5745 (fax) [email protected] |--------+-----------------------> | | Fangming.Zhu@| | | enron.com | | | | | | 10/05/00 | | | 09:17 AM | | | | |--------+-----------------------> > ----------------------------------------------------------------------------| | | | To: Brian Hoskins/Enron Communications@Enron Communications | | cc: [email protected] | | Subject: Demo | > ----------------------------------------------------------------------------| Hi, Brian: Let me know if you have time for the messageboard application demo today. I am planning to take vacation on Friday and coming Monday. I will not be available to show you the demo until next Wednesday if you can't see it today. Let me know your schedule. Thanks, Fangming
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20
1,828
arnold-j
138.
09e823c5-321f-445a-a3d4-b28b571ecc60
Thu, 5 Oct 2000 11:04:00 -0700 (PDT)
Re: Demo
Yea ... the later the better.
Brian Hoskins@ENRON COMMUNICATIONS 10/05/2000 03:18 PM To: [email protected] cc: John Arnold/HOU/ECT@ECT Subject: Re: Demo Fangming, I am out of town until tomorrow so will not be able to see the demo today. Wednesday afternoon looks good for me if you'd like to do it then. John, does this work for you? Brian Brian T. Hoskins Enron Broadband Services 713-853-0380 (office) 713-412-3667 (mobile) 713-646-5745 (fax) [email protected] [email protected] 10/05/00 09:17 AM To: Brian Hoskins/Enron Communications@Enron Communications cc: [email protected] Subject: Demo Hi, Brian: Let me know if you have time for the messageboard application demo today. I am planning to take vacation on Friday and coming Monday. I will not be available to show you the demo until next Wednesday if you can't see it today. Let me know your schedule. Thanks, Fangming
Jarnold.nsf
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8
307
arnold-j
139.
e237bbb3-1119-40ac-b74f-db036cd61bf2
Thu, 5 Oct 2000 08:09:00 -0700 (PDT)
Re: aug/sep
Sorry for not responding. I don't look at my email constantly through the day. Don't have much to do in Q/U still it widens back out. Thanks, John
[email protected] on 10/05/2000 01:05:27 PM To: [email protected] cc: Subject: aug/sep i think your selling the whole curve-if your interested im .005 bid for 300 aug/sep ngas. let me know if your interested. dont let silverman get you into too much trouble tonite
Jarnold.nsf
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44
92
arnold-j
14.
b959e806-f9e5-45cd-ab63-6ccc57f3e5be
Thu, 7 Dec 2000 07:12:00 -0800 (PST)
A funny story: Because Access was up 75 cents last night, Nymex made a trading limit of unchanged to +150. After 20 minutes of trading, we were at unchanged and the exchange stopped trading for an hour. Rappaport, the exchange president, was standing by to make sure everything was orderly. Obviously, the locals weren't too happy about the exchange closing. One yelled at Rappaport... "Why don't you take your million dollar bonus and go buy Enron stock"
Jarnold.nsf
[]
120
0
arnold-j
140.
e5290578-33e4-42d5-a77c-519aafd30a82
Wed, 4 Oct 2000 09:18:00 -0700 (PDT)
RE: WEFA's Outlook for Natural Gas
Something to take a look at
---------------------- Forwarded by John Arnold/HOU/ECT on 10/04/2000 04:17 PM --------------------------- From: Jennifer Fraser 10/04/2000 11:10 AM To: John Arnold/HOU/ECT@ECT cc: Subject: RE: WEFA's Outlook for Natural Gas ---------------------- Forwarded by Jennifer Fraser/HOU/ECT on 10/04/2000 11:08 AM --------------------------- "Goyburu, Alfredo" <[email protected]> on 10/04/2000 10:52:58 AM To: cc: Subject: RE: WEFA's Outlook for Natural Gas Thank you for your interest in Ron Denhardt's comments on Natural Gas. If you have any difficulty opening or using the file, please write to me or give me a call. Al Goyburu Electric Power WEFA Energy 610-490-2648 <<NAPC--Oct 2000.ppt>> - NAPC--Oct 2000.ppt
Jarnold.nsf
[]
6
278
arnold-j
141.
868bf560-fffd-4923-8d45-c05a86fcca99
Wed, 4 Oct 2000 09:18:00 -0700 (PDT)
RE: WEFA's Outlook for Natural Gas
Thanks
From: Jennifer Fraser 10/04/2000 11:10 AM To: John Arnold/HOU/ECT@ECT cc: Subject: RE: WEFA's Outlook for Natural Gas ---------------------- Forwarded by Jennifer Fraser/HOU/ECT on 10/04/2000 11:08 AM --------------------------- "Goyburu, Alfredo" <[email protected]> on 10/04/2000 10:52:58 AM To: cc: Subject: RE: WEFA's Outlook for Natural Gas Thank you for your interest in Ron Denhardt's comments on Natural Gas. If you have any difficulty opening or using the file, please write to me or give me a call. Al Goyburu Electric Power WEFA Energy 610-490-2648 <<NAPC--Oct 2000.ppt>> - NAPC--Oct 2000.ppt
Jarnold.nsf
[]
1
242
arnold-j
142.
df4edf1c-92ce-4278-b2dc-3257ba11ce76
Wed, 4 Oct 2000 09:12:00 -0700 (PDT)
Re: requirement document
Can you handle this. Please forward all names on the daily P&L sheet. I get a copy every day if you need.
---------------------- Forwarded by John Arnold/HOU/ECT on 10/04/2000 04:11 PM --------------------------- Brian Hoskins@ENRON COMMUNICATIONS 10/04/2000 11:55 AM To: Ina Rangel/HOU/ECT@ECT cc: Fangming Zhu/Corp/Enron@ENRON, John Arnold/HOU/ECT@ECT Subject: Re: requirement document Ina, We're setting up a secure message board for all the traders on the floor. Can you please provide Fangming with our current list of gas traders? Thanks, Brian Brian T. Hoskins Enron Broadband Services 713-853-0380 (office) 713-412-3667 (mobile) 713-646-5745 (fax) [email protected] ----- Forwarded by Brian Hoskins/Enron Communications on 10/04/00 12:01 PM ----- Fangming Zhu@ENRON 10/03/00 11:14 AM To: Brian Hoskins/Enron Communications@ENRON COMMUNICATIONS cc: Subject: Re: requirement document Brian, Please provide the list of user's NT loginID and their full name whoever will use this application. I am going to set up the security for them while I am buiding the application. Thanks, Fangming Brian Hoskins@ENRON COMMUNICATIONS 09/28/2000 02:31 PM To: Fangming Zhu/Corp/Enron@ENRON cc: Allen Elliott/HOU/ECT@ECT, John Arnold/HOU/ECT@ECT Subject: Re: requirement document Fangming, Looks good. That's exactly what we're looking for. John, please comment if there are any additional features you'd like to add. Brian Brian T. Hoskins Enron Broadband Services 713-853-0380 (office) 713-412-3667 (mobile) 713-646-5745 (fax) [email protected] Fangming Zhu@ENRON 09/28/00 02:23 PM To: Brian Hoskins/Enron Communications@Enron Communications cc: Allen Elliott/HOU/ECT@ECT Subject: requirement document Hi, Brian: Please review attached requirement document and reply this message with any comments. Once you approve it, I am going to build the application. Thanks, Fangming
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31
618
arnold-j
143.
3fea6b97-0dc4-4a2a-8186-93f83e9c5ecb
Wed, 4 Oct 2000 09:11:00 -0700 (PDT)
Re: Natural update
Mark: We are still on for drinks on the 19th. You have called the market very well since you started sending me updates. Unfortunately for both of us, a couple of good calls does not a soothsayer make. Thus, keep sending me your updates so I can at least get a little broader judgment of your abilities. In terms of my trading style, I take positions to make $.25-$1, not $.05. Too much noise in this market to trade differently for me.
"Mark Sagel" <[email protected]> on 10/04/2000 02:55:41 PM To: <[email protected]> cc: Subject: Re: Natural update John: I hope you know I was just fishing for a reaction on the phone before. I assumed we would discuss a potential relationship when I'm in Houston on the 19th. We're still on for drinks after work, right? By then, you should have a comfort level with the quality of my work. I think the analysis I've given you has been quite accurate as to market turns and price behavior. It would be helpful if I had some idea of how you trade/view the market. Are you mainly day-trading or do you hold positions for several days/weeks? That way I can structure my comments in order to best serve your interests. Let me know. Thanks, ----- Original Message ----- From: <[email protected]> To: <[email protected]> Sent: Wednesday, October 04, 2000 9:14 AM Subject: Re: Natural update Mark: Let's keep the present system for the short-term. I would like to continue looking at your work for another couple weeks. We'll talk later, John "Mark Sagel" <[email protected]> on 10/03/2000 02:29:47 PM To: "John Arnold" <[email protected]> cc: Subject: Natural update John: The price behavior of the past couple days has been disappointing. My short-term market patterns suggested a more robust price rally and natural appears to be waning at present. Volume on this rally is poor, particularly since yesterday was a decent day to the upside. The market appears to be using a lot of its energy but spinning its wheels. If we are at these same price levels in another two weeks, that would be extremely bullish. Right here, the risk/reward to being long is not so great. Recommend a neutral stance short-term on natural. Bigger picture is still very bullish. However, this market needs another 1-2 weeks of what I would call horizontal price action to set the stage for a big move to the upside. Let me know if this stuff is useful for you. I certainly don't want to waste your time. In addition, if you prefer I call when I have something to pass along, let me know. I don't know how often you check/see your e-mail. Thanks, Mark Sagel
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Wed, 4 Oct 2000 09:01:00 -0700 (PDT)
Hey: I just want to confirm the trades I have in your book. Trade #1. I sell 4000 X @ 4652 Trade #2. I buy 4000 X @ 4652 I sell 4000 X @ 4902 Trade #3 I buy 4000 X @ 5000 I sell 4000 F @ 5000 Net result: I have 4000 F in your book @ 4902. Thanks, John
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92
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arnold-j
145.
b30fbff9-5799-4c35-ab83-fdc155ddf776
Wed, 4 Oct 2000 03:37:00 -0700 (PDT)
Re: TEST
Received
z <[email protected]> on 10/04/2000 08:48:55 AM Please respond to [email protected] To: [email protected] cc: Subject: TEST This is a test from Yahoo email. Please reply if received. Don Adam Team Lead, Trader Support __________________________________________________ Do You Yahoo!? Yahoo! Photos - 35mm Quality Prints, Now Get 15 Free! http://photos.yahoo.com/
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2
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35e24df7-45ea-40da-9d4a-65d8f153c876
Wed, 4 Oct 2000 01:23:00 -0700 (PDT)
Re: ABN
Credit lines are like bandwidth. Create the capacity and we'll find a way to use it.
Sarah Wesner@ENRON 10/03/2000 09:58 AM To: John Arnold/HOU/ECT@ECT cc: Subject: ABN John - Enron maxed out its facility with ABN on 9/18/00. I am going for an increase to $50 million. Do you see increasing your trade flow? I do not want to ask for interest free money if Enron will not use it. Sarah
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22
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arnold-j
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Wed, 4 Oct 2000 01:14:00 -0700 (PDT)
Re: Natural update
Mark: Let's keep the present system for the short-term. I would like to continue looking at your work for another couple weeks. We'll talk later, John
"Mark Sagel" <[email protected]> on 10/03/2000 02:29:47 PM To: "John Arnold" <[email protected]> cc: Subject: Natural update John: ? The price behavior of the past couple days has been disappointing.? My short-term market patterns suggested a more robust price rally and natural appears to be waning at present.? Volume on this rally is poor, particularly since yesterday was a decent day to the upside.? The market appears to be using a lot of its energy but spinning its wheels.? If we are at these same price levels in another two weeks, that would be extremely bullish.? Right here, the risk/reward to being long is not so great.? Recommend a neutral stance short-term on natural.? Bigger picture is still very bullish.? However, this market needs another 1-2 weeks of what I would call horizontal price action to set the stage for a big move to the upside. ? Let me know if this stuff is useful for you.? I certainly don't want to waste your time.? In addition, if you prefer I call when I have something to pass along, let me know.? I don't know how often you check/see your e-mail.? Thanks, ? Mark Sagel
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40
318
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Tue, 3 Oct 2000 06:44:00 -0700 (PDT)
http://ecthou-webcl1.nt.ect.enron.com/research/Weather/WeatherMain.htm
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Mon, 2 Oct 2000 05:06:00 -0700 (PDT)
John: I have asked Mike and Larry to spend half an hour each talking to you about opportunities on the gas floor. Please advise if the following schedule is unacceptable. I will be leaving today at 2:15. Larry 4:00-4:30 Mike 4:30-5:00 Thanks, John
Jarnold.nsf
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arnold-j
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Wed, 6 Dec 2000 22:02:00 -0800 (PST)
Re: microphone to houston
i think it is something we need to do. please set it up
Caroline Abramo@ENRON 11/14/2000 11:06 AM To: John Arnold/HOU/ECT@ECT cc: Per Sekse/NY/ECT@ECT Subject: microphone to houston John- What do you think of getting a direct mic from New York to Houston as soon as possible? We had one at my last employer from NY to London which worked great. You can tun it on or off but it allows us to communicate without getting on the darn phone - I am sure its a total annoyance to pick us up. The steno is still a phone to me and its not recorded. We could keep it between you and Mike. We are getting a few more funds to trade now- some program guys among them who will need quicker execution. I know you and Per have discussed the idea of them calling you direct but I think, for now, the mic is a better answer. I can sit down with you when I am down there to discuss and give you an update of who we are planning to trade with. Best Rgds, Caroline
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Fri, 29 Sep 2000 10:35:00 -0700 (PDT)
small ventures usa
Russell: I think I should give you a little background on small ventures. Bill Perkins and I have a strong personal and professional relationship. He is an extremely creative individual. Whalley actually commented on him today as someone "who thinks outside the box". Bill actually sat in a bar four years and said the next tradeable market would be bandwidth. He has been successful in the gas business when he has had someone to filter his ideas. As such he provides an informal consulting role to Enron. He throws out ideas and, every once in a while, he comes up with a great one. He pointed out an anomalous pricing occurence in the options market, a market I normally don't follow closely, that I translated into a multimillion dollar trade for Enron. In return, I have agreed to have Enron intermediate his trades within reason. I want to emphasize that continuing this relationship should be considered a high priority. I am willing to accept some of the credit risk exposure as a cost of doing business. Bill understands his role as an independent in the market and performs the right risk/reward trades for someone with finite capital. I place very high confidence in Bill not conducting high risk trades. Having said that, we certainly need to monitor his credit exposure and continue to require LC's. Just understand that he is at a different level of sophistication that any other non-investment grade counterparty. I understand there was some concern in regards to the Transco Z6 spread option he traded. He was absolutely right about the valuation and we, on the trading desk, knew it as well. There are a couple isolated products that Enron does not do a good job of valuing because of systems limtations. This was one product. Our spread options are booked in Excel using option pricing models created by the research group. The problem with these models is that they are strictly theoretical and don't take into account gas fundamental price limitations. For instance, it is less probable, though not impossible, for a transport spread from a production area to a market area to go within variable cost than the models predict. Thus it is necessary to apply a correlation skew curve on top of the overlying correlation used. Obviously, we have this function in our pricing models. I was not aware this methodology had not been transferred to the valuation models. This has since been changed. Fortunately these incidents tend to be extremely rare as very few non-investment grade companies trade these types of products. Finally, on Friday Bill wanted to do a trade that reduced his exposure to Enron. I gave Mike Maggi the go ahead to do the trade without consulting credit. I do not believe that I acted out of line in approving this trade considering the circumstances. If you believe differently, please advise. Thanks, John
Jarnold.nsf
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Fri, 29 Sep 2000 09:56:00 -0700 (PDT)
Nigel Patterson
Can you swap me with Fletch. Try to make all of my interviews as late as possible. Thx John
---------------------- Forwarded by John Arnold/HOU/ECT on 09/29/2000 04:55 PM --------------------------- Enron North America Corp. From: Kimberly Hillis 09/29/2000 09:52 AM To: John Arnold/HOU/ECT@ECT, Fletcher J Sturm/HOU/ECT@ECT, Kevin M Presto/HOU/ECT@ECT, Mark Dana Davis/HOU/ECT@ECT, Rogers Herndon/HOU/ECT@ect, John J Lavorato/Corp/Enron@Enron, David W Delainey/HOU/ECT@ECT, Greg Whalley/HOU/ECT@ECT cc: Ina Rangel/HOU/ECT@ECT, Kay Chapman/HOU/ECT@ECT, Felicia Doan/HOU/ECT@ECT, Tamara Jae Black/HOU/ECT@ECT, Airam Arteaga/HOU/ECT@ECT, Jessica Ramirez/HOU/ECT@ECT Subject: Nigel Patterson Below please find a copy of the resume and the itinerary for Nigel Patterson. If you have any questions, please do not hesitate to call me or John Lavorato. Thanks for you help. Kim x30681 12:30 - 1:00 Rogers Herndon (EB3320) 1:00 - 1:30 Kevin Presto (EB3320) 1:30 - 2:00 Dana Davis (EB3320) 2:00 - 2:30 Dave Delainey (EB3314) 2:30 - 3:00 John Arnold (EB3320) 3:15 - 4:00 Greg Whalley (EB2801) 4:00 - 4:30 Fletch Sturm (EB3320)
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Fri, 29 Sep 2000 09:54:00 -0700 (PDT)
Just an update: Today I set up a front month fixed price gas daily product priced at parity to NYMEX. I thought the response was tremendous. It really shows that we might have an angle to put out more of the curve and become the predominant benchmark for the industry rather than the exchange. One problem I had was linking 2 syncopated basis products. I set up a new product for the prompt that was Nov GD/D Henry Hub that was a syncopated basis of 0/0 to the Nov Nymex. However, since Dec Nymex is a syncopated basis to Nov Nymex, I could not set up a syncopated basis link around the Dec Nymex. Any ideas?
Jarnold.nsf
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Thu, 28 Sep 2000 10:55:00 -0700 (PDT)
Boys: I'm sorry you were not able to attend last night. I do appreciate your efforts to make this book as successful as it has been. It's not quite the same as being in my company, but take your respective wives, or swap, I don't care, out this weekend on me. Try to keep it under $300 per couple. Keep up the good work, John
Jarnold.nsf
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Thu, 28 Sep 2000 10:48:00 -0700 (PDT)
Re: Commercials
What design are you talking about? Do I have pink elephants on all my emails or something? I'm very enthused that I have the skillset to be an advertising critic when I grow up. It's something I've always wanted to do. PS. I'm a little sarcastic as well.
From: Margaret Allen@ENRON on 09/27/2000 01:45 PM To: John Arnold/HOU/ECT@ECT cc: Subject: Re: Commercials John, John, John....very impressive analysis! The first two commercials were supposed to be idealistic spots announcing Enron as an innovative company, while the next four are proof points to our innovation by showing the businesses we have created. I know you were elated to get an email from me this morning, thus proving that I had not been kidnapped and all those important things I work on would continue to be completed. Oh and that certainly is a pretty design you add to your emails. Very masculine! Smile, Margaret ps, i hope you can read my sarcasm over email -- if you knew me better, you would understand it completely since it is rare that i'm in a totally serious mood. hope you don't take offense! John Arnold@ECT 09/27/2000 12:29 PM To: Margaret Allen/Corp/Enron@ENRON cc: Subject: Re: Commercials I really liked the commercials about specifics (i.e. weather, EOL, bandwidth). The metal man was definitely at a different philosophical level than where my brain operates. Still not quite sure what was going on there. Ode was a bit too idealistic. The campaign in general was very different than previous. But I guess you know that and that's the point. Again, I think the commercials that showed why we are the most innovative were very impressive. Just telling people we are innovative made less of an impact. Sorry I ruined your run. At least you weren't molested by the River Oaks car thief. From: Margaret Allen@ENRON on 09/27/2000 08:24 AM To: John Arnold/HOU/ECT@ECT cc: Subject: Commercials So, what did you think?! Don't lie or stretch the truth either -- you won't hurt my feelings, I promise. By the way, by the time I arrived home it was completely dark so I went for a three mile run this morning. Not fun, but I'm definitely awake right now! BUT, it's all your fault I couldn't go last night....he!he! Trade well, MSA
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72
582
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Thu, 28 Sep 2000 10:42:00 -0700 (PDT)
Re:
As far as lunch, it's a done deal. I need names of people who should be allowed. It is not for the whole floor, but rather for people who need to stay at their desk during the day. Please advise, John Enron North America Corp.
From: Kori Loibl 09/28/2000 02:24 PM To: John Arnold/HOU/ECT@ECT cc: Subject: Just wanted to say "thank-you" for dinner last night. It's unfortunate Errol and Dutch didn't make it, they are the ones who do all the work for you. Are you going to hook me up on the lunch police? Thanks again, Kori.
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Thu, 28 Sep 2000 10:41:00 -0700 (PDT)
Re: requirement document
Looks good. I'm a little confused as to how many users can be on. The system needs to be able to handle 50+ users at one time, each being able to post messages any time.
Brian Hoskins@ENRON COMMUNICATIONS 09/28/2000 02:31 PM To: Fangming Zhu/Corp/Enron@ENRON cc: Allen Elliott/HOU/ECT@ECT, John Arnold/HOU/ECT@ECT Subject: Re: requirement document Fangming, Looks good. That's exactly what we're looking for. John, please comment if there are any additional features you'd like to add. Brian Brian T. Hoskins Enron Broadband Services 713-853-0380 (office) 713-412-3667 (mobile) 713-646-5745 (fax) [email protected] Fangming Zhu@ENRON 09/28/00 02:23 PM To: Brian Hoskins/Enron Communications@Enron Communications cc: Allen Elliott/HOU/ECT@ECT Subject: requirement document Hi, Brian: Please review attached requirement document and reply this message with any comments. Once you approve it, I am going to build the application. Thanks, Fangming
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47
272
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e3c027ff-9e2a-41cb-a2e0-65489d72a39f
Thu, 28 Sep 2000 10:38:00 -0700 (PDT)
Re: PIRA Annual Seminar Preview
Thank you for sending this. If only you sent it a couple hours earlier. Just kidding. T Boone must have heard this because he sold everything today. 9000 contracts. John
From: Jennifer Fraser 09/28/2000 03:35 PM To: John Arnold/HOU/ECT@ECT cc: Subject: PIRA Annual Seminar Preview Hey JA: I was at PIRA today and got a preview of their presenation on Oct 11-12 for their client seminars. (Greg Shuttlesworth) Summary: They have turned a little bearish becuase They believe that distillates will cap gas ( get some to graph HO, CL, NY No.6 1% and TZ6 Index and NX3) the picture is very convincing Supply is increasing at a faster pace (1Bcf/d more in Q4 and expect incremental 2 BCF/d next summer) Canadian production is increasing Deep water GOm is increasing Lastly, Shallow water GOM is also improving after years of decline Demand modest in 01/02 more efficient gas turbine economic moderation Near term Yes it looks a little ugly this winter Possibility of shocks in the shoulder ( low storage and early summer heat in Apr-May 01) Call me or write if you call for more details. I am also faxing you their fuel substitution slide---- it looks at up to 5 BCF/d being put back into the supply chain. Thanks JF
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46
333
arnold-j
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Wed, 6 Dec 2000 21:38:00 -0800 (PST)
re:summer inverses
seems crazy. if you're willing to ride it for a few cents against you it's a great trade. who knows where they're going in th eshort term though
[email protected] on 12/01/2000 09:57:30 AM To: [email protected] cc: Subject: re:summer inverses johnnny-you think these inverses ready to get sold yet? to me its all a timing issue but aug/oct at 4-5 cts seems rich rich for injection season. only issue is when to go?
Jarnold.nsf
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40
103
arnold-j
160.
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Thu, 28 Sep 2000 02:04:00 -0700 (PDT)
Jim: I apologize for the comment after your order. I knew you didn't like the market last night so I was surprised when you were an buyer this morning. It's not your style to change views quickly as you tend to trade with a longer term view. I was out of line with the comment and it won't happen again. John
Jarnold.nsf
[]
85
0
arnold-j
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30663485-79f5-459b-9b8a-7d493373aa06
Wed, 27 Sep 2000 11:44:00 -0700 (PDT)
Hi: Can you get me subscriptions to the following magazines: The Economist Energy Risk Management Havard Business Review Thanks, John
Jarnold.nsf
[]
31
0
arnold-j
162.
de21ecee-e22b-4690-ac83-c11bcd08d6dc
Wed, 27 Sep 2000 10:45:00 -0700 (PDT)
Re: Evening
Hello: I am John Arnold. I believe you're looking for Jeff Arnold.
[email protected] on 09/27/2000 05:30:27 PM To: [email protected] cc: Subject: Re: Evening jeff, thanks for the directions - i have already forwarded them home. tonight is not good for me but perhaps one day we will finally connect now that we are closer! i've been thinking about sunday and hope you have a deck of cards to play with (perhaps 2 decks of uno cards).
Jarnold.nsf
[]
18
120
arnold-j
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33946393-8f26-4a57-8359-6e71d53198a6
Wed, 27 Sep 2000 05:29:00 -0700 (PDT)
Re: Commercials
I really liked the commercials about specifics (i.e. weather, EOL, bandwidth). The metal man was definitely at a different philosophical level than where my brain operates. Still not quite sure what was going on there. Ode was a bit too idealistic. The campaign in general was very different than previous. But I guess you know that and that's the point. Again, I think the commercials that showed why we are the most innovative were very impressive. Just telling people we are innovative made less of an impact. Sorry I ruined your run. At least you weren't molested by the River Oaks car thief.
From: Margaret Allen@ENRON on 09/27/2000 08:24 AM To: John Arnold/HOU/ECT@ECT cc: Subject: Commercials So, what did you think?! Don't lie or stretch the truth either -- you won't hurt my feelings, I promise. By the way, by the time I arrived home it was completely dark so I went for a three mile run this morning. Not fun, but I'm definitely awake right now! BUT, it's all your fault I couldn't go last night....he!he! Trade well, MSA
Jarnold.nsf
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159
143
arnold-j
165.
beaa00df-5bc7-48eb-80fb-5142e9ef775c
Wed, 27 Sep 2000 05:06:00 -0700 (PDT)
Re:
Joe: I just wanted to run this past you... John
---------------------- Forwarded by John Arnold/HOU/ECT on 09/27/2000 12:05 PM --------------------------- To: John Arnold/HOU/ECT@ECT cc: Joseph Deffner/HOU/ECT@ECT, Tim DeSpain/HOU/ECT@ECT Subject: Re: John: I don't mind cleaning up their books at quarter end. However,at year end I will want to keep the debt off of my books. As we approach year-end this year could you please coordinate with Joe Deffner so that we take advantage of the margin lines we have available in order to minimize the debt on our books. Thanks, Ben John Arnold 09/26/2000 07:12 PM To: Ben F Glisan/HOU/ECT@ECT cc: Subject: Ben: Jeff Shankman gave me your name. I have assumed Jeff's old responsibilities as head of the natural gas derivatives trading group. Our broker, EDF MAN, supplies us with $50 million of margin financing every night. They are trying to clean up their books for end of quarter and/or year on Sep 30. They have asked if we can post the $50 million overnight on the 30th. We did this last year as well. Please advise, John
Jarnold.nsf
[]
14
314
arnold-j
167.
6ab79a90-0b94-4ef3-b06c-5e1dc2b497ef
Tue, 26 Sep 2000 12:26:00 -0700 (PDT)
Re: Stress Test
I'm not sure what is happening on my position. It may have to do with how you shaped the forward vol and price curves at each level. My VAR is so dependent on spread levels and vols that a small change in the Jan vols could produce that effect. The results certainly provide evidence of a need for higher VAR going into the winter. John Enron North America Corp.
From: Frank Hayden @ ENRON 09/15/2000 06:32 PM To: John J Lavorato/Corp/Enron@Enron, John Arnold/HOU/ECT@ECT cc: Vladimir Gorny/HOU/ECT@ECT, Sunil Dalal/Corp/Enron@ENRON Subject: Stress Test The below file shows the results of the two stress test requested. Under the $7 dollar stress, NYMEX curve was shifted to $7 dollars with all other price curves proportionally shifted. Under the $9 dollar test, not only were the price curves shifted, but volatilites were stressed as well with NYMEX volatility going to 100% and all other vol locations being raised accordingly. Key findings include: $7 dollar stress only raised VaR by 79% $9 dollar stress raised VaR by 134% It is interesting to note that with the seven dollar stress, VaR on the financial desk actually decreased. This would seem to imply that up to the seven dollar strike, the financial desk is long gamma (which overall reduces risk). But between the seven dollar and nine dollar strike, it appears that the desk becomes short gamma, thereby acceralatering the amount of risk and increasing VaR by 74%. Does this make sense or is something else happening? Frank ---------------------- Forwarded by Frank Hayden/Corp/Enron on 09/15/2000 03:43 PM --------------------------- From: Sunil Dalal 09/15/2000 02:54 PM To: Vladimir Gorny/HOU/ECT@ECT, Frank Hayden/Corp/Enron@Enron cc: Subject: Lavo/Arnold Stresses Attached below are the $7 and $9 stresses that were run at the request of Lavo ($7) and Arnold ($9). I ran the results against the AGG-IV portfolio.
Jarnold.nsf
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102
520
arnold-j
168.
a9350853-7274-4c57-ab2a-b4c2d27064ed
Tue, 26 Sep 2000 12:23:00 -0700 (PDT)
Re: ??
Hey freak: So we finally had LA type weather here for the past two days. Highs in the mid-70's. Beautiful. Life's just cruising along. Nothing new. I put a bid in for a condo in a new mid-rise building going up in West U that they accepted. If all goes as expected I'll move in next X-Mas. So are you adjusting to the big city. Got yourself a big Hollywood actor boyfriend yet? John
Jarnold.nsf
[]
115
0
arnold-j
169.
619010c1-b37c-48b3-9539-9b7cc4295d02
Tue, 26 Sep 2000 12:17:00 -0700 (PDT)
RE: Young John?
It's getting harder and harder to root, root, root for the home team.
Heather Robertson <[email protected]> on 09/25/2000 06:09:01 PM To: [email protected] cc: Subject: RE: Young John? I KNOW!!! I was even in San Francisco ...!! How humiliating... Apparently, you were not cheering hard enough. -----Original Message----- From: [email protected] [mailto:[email protected]] Sent: Monday, September 25, 2000 5:23 PM To: [email protected] Subject: RE: Young John? What'd you do to my Cowboys? Heather Robertson <[email protected]> on 09/01/2000 09:02:04 AM To: [email protected] cc: Subject: RE: Young John? Just read it...great article! Have fun in Costa Rica... I hear it is amazing. -----Original Message----- From: [email protected] [mailto:[email protected]] Sent: Thursday, August 31, 2000 4:10 PM To: [email protected] Subject: RE: Young John? The Fortune article is about grassroots change within a company. It is written about the lady who started EOL, but I'm in it a little. Chief of natural gas derivatives...I'm not really sure what that means. I run the Nymex book now but not the floor..just the derivatives desk of five people. I'm actually going to Costa Rica tomorrow morn thru Monday. Never been but heard it's beautiful. Next time you're in we'll go out. J Heather Robertson <[email protected]> on 08/31/2000 01:20:05 PM To: [email protected] cc: Subject: RE: Young John? What do you mean? I'm serious! So what Fortune article? I only saw you in Time... Pretty freaky to see someone you know like that! What the heck is a "chief" of natural gas derivatives?! Skilling's old job? Check out the Amazon (AMZN) chat on Yahoo... I was joking that all of my friends were in the press lately (i.e. YOU, as well as all my HBS buddies), so the guys on the trading floor thought this would be funny. The best part is that someone thought they were serious and started in on the conversation!! I do investor relations for a hedge fund in Dallas, so that's why they are talking about my IR/selling skills... but it's not exactly your typical corporate IR position considering our investor base. I'm going to be in your neck of the woods tomorrow. I'm visiting friends in Houston on Friday & Saturday, then going to my sister's house in Bay City on Sat. night. No firm plans, just getting out of Dallas. Are you going to be around? I thought about you the night after I saw the article because I was in Snuffers, drinking a strawberry daiquiri... =) do you remember why?? I think about that every time I go there.... Take care and make money! -----Original Message----- From: [email protected] [mailto:[email protected]] Sent: Thursday, August 31, 2000 11:48 AM To: [email protected] Subject: Re: Young John? Glad to see you're having so much fun with this. I've been here 5.5 years with nothing and then in one week I'm in Fortune and Time. Pretty funny. Things are going well here . The big E just chugging along, bringing the stock price with it. Wish I could tell you everything new in my life, but I think I just did. Your long lost buddy, John Heather Robertson <[email protected]> on 08/31/2000 10:10:09 AM To: [email protected] cc: Subject: Young John? Is this "the 26-year-old chief of natural-gas derivatives"? If so, you should write me back after you complete your "nine hours and $1 billion in trades" today!! Does this mean I have to start calling you "Mr. John"?! It was great to see you're doing so well.... Your long lost buddy, Heather Heather Lockhart Robertson HBK Investments LP Personal: 214.758.6161 Phone 214.758.1261 Fax Investor Relations: 214.758.6108 Phone 214.758.1208 Fax
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17
1,165
arnold-j
17.
ca71c4bc-22c1-4a73-b404-314296a23b8b
Wed, 6 Dec 2000 21:37:00 -0800 (PST)
Re: mar/apr
don't know. think a little bit of everyone as the storage guys own it all.
[email protected] on 12/05/2000 09:37:01 AM To: [email protected] cc: Subject: mar/apr im so sick for getting out of that-john who 's getting squeezed on the mar? hope its not you. pretty sure it isnt so safe to ask you?
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ac3bf465-3484-4fab-a73c-d30d43dd167d
Tue, 26 Sep 2000 12:15:00 -0700 (PDT)
Re:
Thanks. This is exactly what I wanted. John Enron North America Corp.
From: Sunil Dalal @ ENRON 09/20/2000 04:05 PM To: John Arnold/HOU/ECT@ECT cc: Frank Hayden/Corp/Enron@Enron Subject: Re: John, the matrix that was sent to you includes YTD P&L for all the traders in the matrix. Trader P&L contribution to desk P&L, however, was not backed out on that particular matrix. That matrix effectively shows one trader's correlation to all others. What is does not show is one trader's P&L to the desk P&L. I have included a spreadsheet with each trader's P&L backed out of AGG-GAS P&L to demonstrate their relationship. Please call Frank or myself if you have questions. Thanks. From: Frank Hayden 09/19/2000 06:42 PM To: Sunil Dalal/Corp/Enron@ENRON cc: Subject: Re: questions and answers? ---------------------- Forwarded by Frank Hayden/Corp/Enron on 09/19/2000 06:42 PM --------------------------- John Arnold@ECT 09/19/2000 05:33 PM To: Frank Hayden/Corp/Enron@ENRON cc: Subject: Re: Thx for the spreadsheet. 2 questions : What time frame does this entail and does the correlation between the trader and AGG GAS include that trader's contribution to the floor's P&L. In other words, is my P&L correlated with the floor or is it correlated to the rest of the floor absent me? Enron North America Corp. From: Frank Hayden @ ENRON 09/19/2000 02:41 PM To: John Arnold/HOU/ECT@ECT cc: Subject:
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f71a3a4d-8399-42cb-b2b2-568974556e2a
Tue, 26 Sep 2000 12:12:00 -0700 (PDT)
Ben: Jeff Shankman gave me your name. I have assumed Jeff's old responsibilities as head of the natural gas derivatives trading group. Our broker, EDF MAN, supplies us with $50 million of margin financing every night. They are trying to clean up their books for end of quarter and/or year on Sep 30. They have asked if we can post the $50 million overnight on the 30th. We did this last year as well. Please advise, John
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0
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aa75f570-b38e-48c1-83e5-d28bee81841b
Tue, 26 Sep 2000 11:29:00 -0700 (PDT)
Re: natural update
Mark: You've called it right thus far. Let's plan to get a drink after work on the 19th. Thanks, John
"Mark Sagel" <[email protected]> on 09/26/2000 10:23:06 AM To: "John Arnold" <[email protected]> cc: Subject: natural update John: ? I wish I had a lot to pass along, but not much has changed on my work.? All the analysis is still very bullish and expecting higher levels.? I am receiving hourly "9" type strength patterns, which means the up move must consistently continue from here.? Any drop under today's lows is a negative for natural.? On my daily work, natural will see a new type of strength pattern today.? It is not a "9" type topping pattern, but one that normally comes out along the way as price moves higher.? This would suggest a potential short-term high over the next 2-3 days, but nothing of major importance. ? I have tentative plans to be in Houston on Thursday, October 19.? Are you interested in meeting so that I may show in much greater detail what the work is doing and how it can enhance your activity?? Let me know if that day works for you.? Thanks, ? Mark Sagel Psytech Analytics (410)308-0245 [email protected] ?
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ffa808d6-be49-4e9c-9d64-f49764737146
Tue, 26 Sep 2000 11:17:00 -0700 (PDT)
Re:
I'm sorry but I have plans for Thursday already. Maybe next time. John
[email protected] on 09/26/2000 01:45:42 PM To: "John Arnold" <[email protected]> cc: Subject: John, I have tentative plans to be in Houston on Thursday. If, as we discussed yesterday, you have time to get out after work, I'd like to get together. Please let me know if this works for you and I'll confirm my plans to be there. Thanks, Jim Naughton
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579f7f01-786e-4af4-93b6-7f76a357d6f7
Tue, 26 Sep 2000 11:16:00 -0700 (PDT)
Re: Screen shots
Hi: The big money making floor? I don't think I like that. Too much pressure...what happens if we screw up? I went to the website and clicked on the link but all I got was a mess of characteres and symbols. Any ideas how I fix it? John
From: Margaret Allen@ENRON on 09/26/2000 03:30 PM To: John Arnold/HOU/ECT@ECT cc: Subject: Re: Screen shots Hey John, Did you check out the new spots?!!! They are posted on the Intranet (home.enron.com). Let me know what you think! Hope all is well down there on the 'big money making' floor. Have a good one, Margaret
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e436d999-ed1a-4d28-b71d-90488b8e0dcf
Tue, 26 Sep 2000 04:04:00 -0700 (PDT)
Mario De La Ossa
can you please add this
---------------------- Forwarded by John Arnold/HOU/ECT on 09/26/2000 11:03 AM --------------------------- Enron North America Corp. From: Molly Magee 09/25/2000 06:28 PM To: John Arnold/HOU/ECT@ECT cc: Subject: Mario De La Ossa John: John Nowlan, Dave Botchlett, Jim Goughray and several others met with Mario last week. They were all favorably impressed. Jeff Shankman had asked to meet with him, and their appointment is scheduled for Thursday, 9/28, at 1:30 pm. Jeff had also asked that you spend some time with him so that a decision could be made as to whether or not to make him an offer. Would you have some time available on Thursday afternoon to see Mario? Thanks, Molly x34804
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176.
5353f7da-9b69-4453-897f-7734408f32ee
Mon, 25 Sep 2000 10:23:00 -0700 (PDT)
RE: Young John?
What'd you do to my Cowboys?
Heather Robertson <[email protected]> on 09/01/2000 09:02:04 AM To: [email protected] cc: Subject: RE: Young John? Just read it...great article! Have fun in Costa Rica... I hear it is amazing. -----Original Message----- From: [email protected] [mailto:[email protected]] Sent: Thursday, August 31, 2000 4:10 PM To: [email protected] Subject: RE: Young John? The Fortune article is about grassroots change within a company. It is written about the lady who started EOL, but I'm in it a little. Chief of natural gas derivatives...I'm not really sure what that means. I run the Nymex book now but not the floor..just the derivatives desk of five people. I'm actually going to Costa Rica tomorrow morn thru Monday. Never been but heard it's beautiful. Next time you're in we'll go out. J Heather Robertson <[email protected]> on 08/31/2000 01:20:05 PM To: [email protected] cc: Subject: RE: Young John? What do you mean? I'm serious! So what Fortune article? I only saw you in Time... Pretty freaky to see someone you know like that! What the heck is a "chief" of natural gas derivatives?! Skilling's old job? Check out the Amazon (AMZN) chat on Yahoo... I was joking that all of my friends were in the press lately (i.e. YOU, as well as all my HBS buddies), so the guys on the trading floor thought this would be funny. The best part is that someone thought they were serious and started in on the conversation!! I do investor relations for a hedge fund in Dallas, so that's why they are talking about my IR/selling skills... but it's not exactly your typical corporate IR position considering our investor base. I'm going to be in your neck of the woods tomorrow. I'm visiting friends in Houston on Friday & Saturday, then going to my sister's house in Bay City on Sat. night. No firm plans, just getting out of Dallas. Are you going to be around? I thought about you the night after I saw the article because I was in Snuffers, drinking a strawberry daiquiri... =) do you remember why?? I think about that every time I go there.... Take care and make money! -----Original Message----- From: [email protected] [mailto:[email protected]] Sent: Thursday, August 31, 2000 11:48 AM To: [email protected] Subject: Re: Young John? Glad to see you're having so much fun with this. I've been here 5.5 years with nothing and then in one week I'm in Fortune and Time. Pretty funny. Things are going well here . The big E just chugging along, bringing the stock price with it. Wish I could tell you everything new in my life, but I think I just did. Your long lost buddy, John Heather Robertson <[email protected]> on 08/31/2000 10:10:09 AM To: [email protected] cc: Subject: Young John? Is this "the 26-year-old chief of natural-gas derivatives"? If so, you should write me back after you complete your "nine hours and $1 billion in trades" today!! Does this mean I have to start calling you "Mr. John"?! It was great to see you're doing so well.... Your long lost buddy, Heather Heather Lockhart Robertson HBK Investments LP Personal: 214.758.6161 Phone 214.758.1261 Fax Investor Relations: 214.758.6108 Phone 214.758.1208 Fax
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177.
52f2b82d-d911-48ec-abcd-366f6f55b865
Mon, 25 Sep 2000 10:16:00 -0700 (PDT)
Eric: I passed the customer on to Jennifer Fraser and Fred Lagrasta. Please coordinate with them. Thanks, John
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31
0
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178.
b5aa90c3-fec4-4dbb-b8c0-a0f8ec8abc26
Mon, 25 Sep 2000 10:15:00 -0700 (PDT)
Re: sept 29th
Steve: Sorry for the delay. I was actually out of the office Thursday and Friday...some Enron management training seminar bs. Count me as a probably for dinner on Friday. I know JP well. Darcy Carrol's number is 713-646-4930. See you this wknd John
[email protected] on 09/21/2000 12:19:40 PM To: [email protected] cc: [email protected] Subject: Re: sept 29th silverman cant even get an email address rite. trying this again Steve LaFontaine 09/21/2000 11:19 AM To: [email protected], Steve LaFontaine/GlobalCo@GlobalCo cc: Fax to: Subject: sept 29th hi johnny, still waiting for you to return my call. know your tied up these days with the online stuff. shudda been in today cuz the site just went down. anyway two things: im coming in for the vitol party the 28th and going to go oout to dinner friday the 29th with john paul of cms and a cupla of other trader/friends. if you dont have plans would be great to have you join. let me know if youre interested. also, i have a good friend ex cargill that joined enron. he's in i think your brazil office-biz development. was wondering if you cud help me get either his phone number or an email address or both. would appreciate it. things going well for me in the new digs-making good money and enjoying boston. still pretty active in natgas. when i let you outta those feb/mar a month or so ago i told mark silverman that there were only two people i wud let out of a trade. thats the truth. hope all is well and hope to talk to you soon.also 781-398-4332, cell 617-320-4332
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18.
8708ff61-45b9-47ac-ac22-e6977dda9a06
Wed, 6 Dec 2000 21:34:00 -0800 (PST)
Re: For What It's Worth.
Jim: Your words of encouragement are greatly appreciated. I've certainly had some troubles this quarter. I do appreciate your offer but I don't want to take away from the amazing year you've had so far. Maybe you should come trade this... John Jim Schwieger
12/06/2000 05:42 PM To: John Arnold/HOU/ECT@ECT cc: Subject: For What It's Worth. Through the year's (Sounds like Im really old) I have learned that the really great Individuals come down on themselves for circumstances beyond their control when in fact their performance is far beyond what anyone else could have done. I believe you are one of those individuals. I appreciate what you have done with EOL and the burden you have had to take on. This especially hits home when I see what has happened to you P/L the last 3 months. You are expected to carry the world without having any NYMEX liquidity to cover your risk. I would like to offer to transfer $30 million out of the Storage Book to the Price Book. Without you and EOL I could never have done what I've done. Thanks, Jim Schwieger
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180.
5c176297-5aa8-43a5-b004-038b52ee186a
Mon, 25 Sep 2000 09:46:00 -0700 (PDT)
Re: Desk Dinner
see you there Enron North America Corp.
From: Kori Loibl 09/25/2000 03:19 PM To: John Arnold/HOU/ECT@ECT, Mike Maggi/Corp/Enron@Enron, Brian Hoskins/Enron Communications@Enron Communications, Dutch Quigley/HOU/ECT@ECT, Errol McLaughlin/Corp/Enron@ENRON, Sherry Dawson/NA/Enron@Enron, Laura Vargas/Corp/Enron@ENRON cc: Subject: Desk Dinner I have made reservations for 8:00 Wednesday evening at Fogo de Chao. For those of us who haven't been there, the address is 8250 Westheimer, between Hillcroft and Fondren on the north side of the road. If you are not able to attend, please let me know. K.
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183.
57d0d2df-daad-4fb6-bddf-32de9b9c0845
Wed, 20 Sep 2000 03:40:00 -0700 (PDT)
COO's: Do either of you have an objection to using Cantor as an OTC broker?
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184.
2388ba26-973e-4d92-94bd-3cdc3e609dcc
Tue, 19 Sep 2000 10:34:00 -0700 (PDT)
We need your feedback regarding the demonstrations you attended.
You're not done yet big boy.
---------------------- Forwarded by John Arnold/HOU/ECT on 09/19/2000 05:34 PM --------------------------- Julie Pechersky 09/19/2000 02:31 PM To: John Arnold/HOU/ECT@ECT, Brian Hoskins/HOU/ECT@ECT, John L Nowlan/HOU/ECT@ECT, Douglas S Friedman/HOU/ECT@ECT, David J Vitrella/HOU/ECT@ECT, Selena Gonzalez/HOU/ECT@ECT, Madhur Dayal/HOU/ECT@ECT, Reza Rezaeian/Corp/Enron@ENRON, Rogers Herndon/HOU/ECT@ect, Anna Santucci/NA/Enron@Enron, David J Botchlett/HOU/ECT@ECT cc: Subject: We need your feedback regarding the demonstrations you attended. We really appreciate your attendance of the demonstrations of Reuters, Bridge and Globalview software. Please take a minute to fill out the attached feedback form so that we will know what you thought of each application. Return the completed form to me. Thanks again for you time! Julie 39225
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185.
7fe740c0-7848-43f0-9b9a-7b8857a9ca19
Tue, 19 Sep 2000 10:33:00 -0700 (PDT)
Re:
Thx for the spreadsheet. 2 questions : What time frame does this entail and does the correlation between the trader and AGG GAS include that trader's contribution to the floor's P&L. In other words, is my P&L correlated with the floor or is it correlated to the rest of the floor absent me? Enron North America Corp.
From: Frank Hayden @ ENRON 09/19/2000 02:41 PM To: John Arnold/HOU/ECT@ECT cc: Subject:
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643c0b36-e850-4491-8ec0-110aaf98d8aa
Tue, 19 Sep 2000 05:21:00 -0700 (PDT)
Jeff: Man is looking for money again to hold them over for yearend. Who do I need to talk to? john
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187.
4f46dfa8-9852-4106-8727-510da919b39e
Mon, 18 Sep 2000 10:20:00 -0700 (PDT)
Re: Margin Lines project
I'm in all day mtgs on Thursday and Friday. I'm free Wednesday afternoon
Sarah Wesner@ENRON 09/18/2000 08:31 AM To: John Arnold/HOU/ECT@ECT cc: Joseph Deffner/HOU/ECT@ECT Subject: Re: Margin Lines project Let's do this on Tuesday at 4:00 at EB 2868. John Arnold@ECT 09/15/2000 07:16 AM To: Sarah Wesner/Corp/Enron@ENRON cc: Subject: Re: Margin Lines project yep...i'm always here Sarah Wesner@ENRON 09/14/2000 10:37 PM To: John Arnold/HOU/ECT@ECT cc: Subject: Margin Lines project John - I will be out of the office on 9/15 and also from 9/21-9/30. Are you available during 9/18-9/20 as I want to go through the information before October. Let's arrange something early next week. Sarah
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188.
b78eb267-fd86-488f-8974-27445b534bd6
Mon, 18 Sep 2000 08:52:00 -0700 (PDT)
Greg: The guy from MG whom I spoke to about clearing was Alfred Pennisi, VP of Operations. He's out of NY. He indicated his clearing costs were $3.10 versus the $4.50-5.00 I'm paying now.
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189.
3fa6a459-326e-4ae9-b2b8-403561bb9a85
Fri, 15 Sep 2000 10:29:00 -0700 (PDT)
Dave: A couple things about the limit orders: 1: When a customer opens up the limit order box, I think the time open should default to 12 hours. We want the orders open as long as possible. Now, it is more work to keep the order open for 12 hours than for 1 hour. Traditionally, limit orders are a day order, good for the entire trading session unless specified otherwise. 2. Today Pete had 13,000/ day on his bid because he was hit for small size. When I tried to place a limit order, the quantity had to be in 5,000 increments of 13,000 (i.e. 3000, 8000, 18000...). I could not overwrite the quantity to be 15,000. 3. Everytime a limit order is placed, an error message occurs on the system saying error trade, price not available. 4. Is there a way to modify a limit order, such as changing the price, without canceling it and resubmitting a new one? If not, this would be a valuable feature. Thx, John
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19.
f7e7c74d-304c-4e0c-bc9c-007bbb40f037
Fri, 1 Dec 2000 00:09:00 -0800 (PST)
Re: Photograph for eCompany Now
someone had a foul odor for sure
Eric Thode@ENRON 11/30/2000 08:25 AM To: John Arnold/HOU/ECT@ECT cc: Subject: Photograph for eCompany Now Thanks for your help with the photographer. I just heard from Ann Schmidt and Margaret Allen that he was, shall we say, a "fragrant photographer."
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7
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190.
6b2404bb-0310-495f-a7b2-38c39c1ff3bc
Fri, 15 Sep 2000 10:11:00 -0700 (PDT)
Re: Don't Forget
Please remove me from your mailing list
"Jason Nathan" <[email protected]> on 09/15/2000 09:47:12 AM To: cc: Subject: Don't Forget Tuesday, September 19, 2000 NACORE Houston Chapter Luncheon Meeting An excellent opportunity to learn and network with your corporate real estate peers. Topic: THE DOWNTOWN ARENA Place: The Houston City Club Nine Greenway Plaza 1 City Club Drive, Houston, TX Cost: $25.00 (includes buffet luncheon) RSVP using the attached form or call Tammy Mullins at 713-739-7373 x 115 - Notice91300.doc
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191.
f92bf822-42a5-4e05-bc65-d85191074c69
Fri, 15 Sep 2000 10:10:00 -0700 (PDT)
I spoke to Alfred Pennisi from MG today. MG clears their own trades and maybe some for other customers. He indicated that his cost for clearing is $3.05 round turn. If this is accurate, we need to evaluate whether clearing ourselves and issuing cp every night is less expensive than paying a higher clearing rate and getting access to financing. This is a question I hope your analysis of the true cost of clearing will answer. Also, fyi, over the past two days I have done two 6,000 lot EFP's with El Paso under the same structure I explained to you previously whereby long futures are transferred from his account to mine to lower initial margin costs.
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192.
02cf82f1-9243-43bf-ac92-31624ac4ab85
Fri, 15 Sep 2000 03:48:00 -0700 (PDT)
if you have a minute sometime today, please stop by. john
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0
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193.
c8e969dc-b70d-44e0-87d4-510293cb608d
Fri, 15 Sep 2000 00:16:00 -0700 (PDT)
Re: Margin Lines project
yep...i'm always here
Sarah Wesner@ENRON 09/14/2000 10:37 PM To: John Arnold/HOU/ECT@ECT cc: Subject: Margin Lines project John - I will be out of the office on 9/15 and also from 9/21-9/30. Are you available during 9/18-9/20 as I want to go through the information before October. Let's arrange something early next week. Sarah
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194.
91d4353f-e391-4882-b7d0-89a2205df224
Thu, 14 Sep 2000 11:24:00 -0700 (PDT)
Re: ??
I'm actually trying to go through all my email from the week. What a pain in the ass. As soon as I finish one, another appears in my inbox. So how's life at ucla?
Eleanor Fraser <[email protected]> on 09/14/2000 06:07:11 PM To: [email protected] cc: Subject: Re: ?? I think Yelena put a hit out on me all the way from Chicago for sending those pictures! I had no idea they would open right away--they were supposed to be attachments. Oops. I thought they were quite cute. How are ya? And what are you doing at work--I thought you gas guys all left at 3! :-) elf On Thu, 14 Sep 2000 [email protected] wrote: > > why would i be??? > > > > > Eleanor Fraser <[email protected]> on 09/14/2000 06:02:57 PM > > To: [email protected] > cc: > Subject: ?? > > > So--are you really pissed at me? > > :-) eleanor > > > > > >
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74f0c5bb-b92e-4e11-8c12-220a7d22a6eb
Thu, 14 Sep 2000 11:22:00 -0700 (PDT)
Re: .exe file - infomercial
Agree completely. In that context, it looks good. Louise Kitchen
09/14/2000 06:20 PM To: John Arnold/HOU/ECT@ECT cc: Subject: Re: .exe file - infomercial It was something for the web-site but we are thinking its a bit arrogant for our counterparts so probably just use it internally or trade shows. John Arnold 14/09/2000 16:24 To: Louise Kitchen/HOU/ECT@ECT cc: Subject: Re: .exe file - infomercial Who's the target audience and how is it being distributed? Louise Kitchen 09/14/2000 11:50 AM To: Hunter S Shively/HOU/ECT@ECT, John J Lavorato/Corp/Enron@Enron, John Arnold/HOU/ECT@ECT cc: Andy Zipper/Corp/Enron@Enron, [email protected] Subject: .exe file - infomercial Just wondering what you think of this?
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