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Enron Mail |
Russell,
Because it covers swaps, a financial lawyer needs to look at it. Even when the primary exposure is physical. Stacy Russell Diamond/ENRON@enronXgate 05/01/2001 07:46 AM To: Stacy E Dickson/HOU/ECT@ECT cc: Randy Otto/CAL/ECT@ECT Subject: FW: Gulf Guarantee for Enron Stacy, Attached is a draft guaranty from Gulf Resources to cover physical transactions between their sub, Crestar Energy Marketing and ENA. Can you please review this format and provide your comments. The guaranty covers purchase/sale and swap transactions, although our primary exposure is only physical natural gas. I am not sure if one of the financial attorney's needs to look at this too Thanks Russell **Randy, Take a look at the guaranty and the types of transactions we have with this counterparty to understand the need for the guaranty. -----Original Message----- From: Rick_Miller@gulf.ca@ENRON [mailto:IMCEANOTES-Rick+5FMiller+40gulf+2Eca+40ENRON@ENRON.com] Sent: Monday, April 30, 2001 9:34 AM To: Diamond, Russell Subject: Gulf Guarantee for Enron Russell: I understand from Jeff McPhail of our marketing group that Enron is looking for a parental guarantee from Gulf Canada for one of our subsidiaries - Crestar Energy Marketing Corp. (Jeff did not mention the subsidiary Enron was requesting to have guaranteed). I am enclosing a form of parental guarantee that we have signed in the past. Please review and call with any questions. Thanks, Rick Miller Assistant Treasurer 403-233-3015 (See attached file: Enron Guarantee.doc) ******* End ******* - Enron Guarantee.doc
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