Message-ID: <10615438.1075849640301.JavaMail.evans@thyme>
Date: Wed, 28 Feb 2001 22:55:00 -0800 (PST)
From: louis.dicarlo@enron.com
To: john.griffith@enron.com
Subject: Phillips Production Company - Hedge
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When you have a few minutes, please take a look at the request below.  My 
thoughts are this product is not hedgable.  I'm looking for another opinion 
and I figure you've probably seen everything under the sun.  

I don't need a response today but this week would be great.  Thanks

---------------------- Forwarded by Louis Dicarlo/NA/Enron on 03/01/2001 
06:52 AM ---------------------------


Nelson Ferries
02/27/2001 01:19 PM
To: Louis Dicarlo/NA/Enron@ENRON
cc:  

Subject: Phillips Production Company - Hedge

Louis:

Can you take a look at this and respond to John Singer.
---------------------- Forwarded by Nelson Ferries/Corp/Enron on 02/27/2001 
01:18 PM ---------------------------
   
	Enron North America Corp.
	
	From:  John M Singer                           02/27/2001 10:26 AM
	

To: Nelson Ferries/Corp/Enron@ENRON
cc:  

Subject: Phillips Production Company - Hedge

Phillips Production would like to know if it is possible to do a Financial 
Hedge for both the NYMEX Settle and Basis.  The attached scheudle calculates 
the Basis as a percentage of the NYMEX Settle instead of a traditional 
location basis.   Please review.  

Can the Basis be hedged since it is based on the NYMEX Settle instead of a 
traditional location basis?

Volume:  5,000 - 7,000 per day.
Period is :  Apr01 - Oct01