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Enron Mail |
Daren,
Brain fart on my part... You were long 90 contracts index during bid-week, so your index true-up should be 90 contracts by $.04 = $36,000... You are now buying less expensive index gas (index gas now worth $3.73 vs prior $3.77), which gives you the benefit... Add to that the weekend true-up of $.17, which gives you another $10,000... Take away your physical new deals of $20K and you are left with the $24K p&l... O'Neal
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