Enron Mail

From:tom.moran@enron.com
To:s..bradford@enron.com
Subject:December Physical Crude - Recap
Cc:a..shankman@enron.com, l..nowlan@enron.com, don.schroeder@enron.com,robert.fuller@enron.com, bjorn.hagelmann@enron.com
Bcc:a..shankman@enron.com, l..nowlan@enron.com, don.schroeder@enron.com,robert.fuller@enron.com, bjorn.hagelmann@enron.com
Date:Thu, 15 Nov 2001 07:43:24 -0800 (PST)

Bill,

To recap our meeting concerning the December physical crude position:


? ERAC will not be physically exercising any of the 6,032,000 P+ Put options

? The physical position is roughly 5,000,000 short and Don and Rob will be trying to purchase bbls and balance positions with the following cp's:

o Coastal 1,700,000
o Dynegy 1,240,000
o Duke 965,000
o Diamond 315,000
o Bayoil 201,500


Regards,
tm