Message-ID: <27590157.1075845125571.JavaMail.evans@thyme> Date: Mon, 4 Jun 2001 11:16:10 -0700 (PDT) From: d..winfree@enron.com To: j..farmer@enron.com Subject: FT-Waha Curveshift Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Winfree, O'Neal D. X-To: Farmer, Daren J. X-cc: X-bcc: X-Folder: \Farmer, Daren J.\Farmer, Daren J.\Inbox X-Origin: FARMER-D X-FileName: Farmer, Daren J..pst 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