FW: Enron buying

-----Original Message-----
From: Philip, Willis
Sent: Monday, November 19, 2001 2:15 PM
To: Sturm, Fletcher J.; Benson, Robert; Presto, Kevin M.; Davis, Mark Dana; Gupta, Gautam; Broderick, Paul J.
Subject: Enron buying

14:01 19Nov2001 RSF-INSIDE FERC: Midwest-Market 2: Lack of sellers forces high Enron bids - PGN311

Washington (Platts)--19Nov2001/301 pm EST/2001 GMT

One trader said that she found arbitrage opportunities on some of the online platforms, capitalizing on a 5- to 6-ct differential between prices posted on EnronOnline and those on IntercontinentalExchange. She confirmed that few market players are willing to sell to Enron, which is forcing Enron to bid at a premium.

Spot prices on ANR Pipeline in Oklahoma ranged from about $1.75/MMBtu early in the morning to about $2.36/MMBtu late, up from Friday's range of $1.38 to $1.58/MMBtu.

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Monday, 19 November 2001 14:01:20
RSF [Historical News] {C}
ENDS

Willis Philip
Enron Wholesale Services
East Power Trading
(713) 853-0961