Message-ID: <5716699.1075852715465.JavaMail.evans@thyme> Date: Mon, 25 Jun 2001 05:39:58 -0700 (PDT) From: john.arnold@enron.com To: jennifer.fraser@enron.com Subject: RE: aga Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Arnold, John X-To: Fraser, Jennifer X-cc: X-bcc: X-Folder: \JARNOLD (Non-Privileged)\Arnold, John\Sent Items X-Origin: Arnold-J X-FileName: JARNOLD (Non-Privileged).pst at some point it has to or we're going to shut-in economics. that may be the answer. -----Original Message----- From: Fraser, Jennifer Sent: Monday, June 25, 2001 5:26 AM To: Arnold, John Subject: RE: aga what makes you think demand is coming back?..have monitored permanent closures/off-shore moves -----Original Message----- From: Arnold, John Sent: Sunday, June 24, 2001 12:03 PM To: Fraser, Jennifer Subject: RE: aga no, the opposite. saying price drop hasnt brought us closer to equilibrium. we absolutley cant continue this loss of demand, otherwise we end up at 3.2 and the industry doesnt want to /cant end up there. thus you must pick up at least some demand. price must keep dropping . price dropped $1.5 and haven't gained any demand. that's the scary thing. how much does it have to drop before we do find it? -----Original Message----- From: Fraser, Jennifer Sent: Fri 6/22/2001 6:31 AM To: Arnold, John Cc: Subject: RE: aga so you think we could pop on on the heels of increased demand because of low prices....assuming demand returned to normal how do you think there economic conditions will mitigate this. -----Original Message----- From: Arnold, John Sent: Thursday, June 21, 2001 2:55 PM To: Fraser, Jennifer Subject: RE: aga cost about 200,000-300,000 our internal estimates were in the 102-106 range, so no. i think pira overestimating the gas gen burn for the week. problem is there is no real good burn for at least two weeks going forward. we've dropped $1.5 in a couple months and havent picked up an mmbtu of demand. that's a big problem -----Original Message----- From: Fraser, Jennifer Sent: Thursday, June 21, 2001 6:36 AM To: Arnold, John Subject: aga 1- did the intern help or hurt you? 2- do u buy PIRA's suggestion a correction is looming?