Message-ID: <608968.1075855611787.JavaMail.evans@thyme> Date: Wed, 14 Mar 2001 13:46:00 -0800 (PST) From: mike.grigsby@enron.com To: frank.ermis@enron.com Subject: Basis trading Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Mike Grigsby X-To: Frank Ermis X-cc: X-bcc: X-Folder: \Michael_Grigsby_Jun2001\Notes Folders\Sent X-Origin: Grigsby-M X-FileName: mgrigsb.nsf Frank, The new procedures for trading basis are working well. We still need to get the desk comfortable with submitting orders to you guys, but overall I am pleased with the new procedure. I need to work on staying out of the basis market entirely going forward. Can you also try to work all basis at Socal through Keith. Let Keith and Mo see all of your Socal/Malin spreads in the future. I think I gave you an order to work Apr-Oct 02 socal/malin at the same time Keith was trying to sell a-o 02 socal basis. I will let him know in the future so that we do not cross him in the market. Thanks, Mike