Enron Mail

From:martin.cuilla@enron.com
To:mcontant@cypressasset.com
Subject:
Cc:
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Date:Mon, 20 Nov 2000 04:09:00 -0800 (PST)

Looking at Earnings estimates I think they are under estimating the long term
shift in natural gas prices. 90 days ago they had next year earnings $.17
under this year
and only resently have they started to raise 2001 earnings to account for
were prices are. I image that are still under estimating next year earnings
based on where
the strip of natural gas is. I don't think most people expected gas next
summer to be trading over $4.55

Dec 00 Mar 01 This Year - Dec 00 Next Year Dec 01 Long
Term Growth
Current
7 Days Ago
30 Days Ago
60 Days Ago
90 Days Ago 0.93
0.93
0.82
0.67
0.60 0.92
0.92
0.78
0.59
0.59 2.70
2.70
2.57
2.33
2.14 2.78
2.78
2.52
2.15
1.97 9.05%
9.05%
9.24%
10.20%
10.20%