Message-ID: <21395408.1075856439517.JavaMail.evans@thyme> Date: Mon, 23 Apr 2001 02:28:00 -0700 (PDT) From: vince.kaminski@enron.com To: vasant.shanbhogue@enron.com Subject: Petrochem Desk Cc: vince.kaminski@enron.com Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Bcc: vince.kaminski@enron.com X-From: Vince J Kaminski X-To: Vasant Shanbhogue X-cc: Vince J Kaminski X-bcc: X-Folder: \Vincent_Kaminski_Jun2001_3\Notes Folders\Sent X-Origin: Kaminski-V X-FileName: vkamins.nsf Vasant, It seems we have to help them. Can Kate help on this project? Vince ---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/23/2001 09:28 AM --------------------------- Nelson Neale@ENRON 04/20/2001 10:29 AM To: Vince J Kaminski/HOU/ECT@ECT, Vasant Shanbhogue/Enron@EnronXGate cc: Subject: Petrochem Desk I had a chance to speak with Christian LeBroc this morning with regard to curve building for petrochemicals. As it turns out, Christian left RAC in April and joined the Petrochem Desk as a trader. Previous efforts at construction of a forward curve by the group have focused on intuition or SWAGs. Unfortunately, the group had a rough P&L year with at least some of the blame directed toward the forward curve or lack thereof. When asked about the fundamentals group, Christian indicated that they'd only been around about 3-4 months and are not yet well-suited to curve building. John Nowlan is indeed the head of the group. From a timing perspective, I told Christian that it would probably take at least 6-8 weeks to develop a curve, especially considering the need to understand the key market drivers/fundamentals. As was suggested yesterday during our meeting, a strong relationship between petrochemicals and a NYMEX component (e.g., crude oil) would provide a great beginning point--we could then potentially strengthen/augment this relationship with other key factors (e.g., supply and demand terms) borne out of our market research. Nelson