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Enron Mail |
Vasant,
It seems we have to help them. Can Kate help on this project? Vince ---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/23/2001 09:28 AM --------------------------- Nelson Neale@ENRON 04/20/2001 10:29 AM To: Vince J Kaminski/HOU/ECT@ECT, Vasant Shanbhogue/Enron@EnronXGate cc: Subject: Petrochem Desk I had a chance to speak with Christian LeBroc this morning with regard to curve building for petrochemicals. As it turns out, Christian left RAC in April and joined the Petrochem Desk as a trader. Previous efforts at construction of a forward curve by the group have focused on intuition or SWAGs. Unfortunately, the group had a rough P&L year with at least some of the blame directed toward the forward curve or lack thereof. When asked about the fundamentals group, Christian indicated that they'd only been around about 3-4 months and are not yet well-suited to curve building. John Nowlan is indeed the head of the group. From a timing perspective, I told Christian that it would probably take at least 6-8 weeks to develop a curve, especially considering the need to understand the key market drivers/fundamentals. As was suggested yesterday during our meeting, a strong relationship between petrochemicals and a NYMEX component (e.g., crude oil) would provide a great beginning point--we could then potentially strengthen/augment this relationship with other key factors (e.g., supply and demand terms) borne out of our market research. Nelson
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