Message-ID: <31058770.1075863362431.JavaMail.evans@thyme> Date: Fri, 20 Jul 2001 10:44:47 -0700 (PDT) From: rick.buy@enron.com To: david.port@enron.com Subject: RE: Gas Curve Validation May 2001 Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Buy, Rick X-To: Port, David X-cc: X-bcc: X-Folder: \RBUY (Non-Privileged)\Buy, Rick\Sent Items X-Origin: Buy-R X-FileName: RBUY (Non-Privileged).pst Maybe we need to rethink entire process. I haven't been totally comfortable with it anyway but it hasn't been high enuf on the list. Maybe after BOD mtg. Rick -----Original Message----- From: Port, David Sent: Friday, July 20, 2001 12:29 PM To: Buy, Rick Subject: RE: Gas Curve Validation May 2001 He's right in that looking at curves where we generally don't have much of a position, will not add much value. I'm having Frank Hayden check this assertion. Bottom line is, again, the middle office groups are either poorly staffed, poorly skilled or too distracted to administer the risk process effectively. When Frank comes back to me I'm tempted to suggest two things, for which I'll need Whalley/Lavorato/Beck to buy into: 1 Curve validations are submitted to us before anybody else; 2 They concentrate on more significant factors (e.g. Volatility, correlation, the Alberta Power curve) DP -----Original Message----- From: Buy, Rick Sent: Friday, July 20, 2001 11:46 AM To: Port, David Subject: FW: Gas Curve Validation May 2001 Whats up with this comment?? Rick -----Original Message----- From: Lavorato, John Sent: Wednesday, July 11, 2001 1:46 PM To: Buy, Rick Cc: Whalley, Greg Subject: FW: Gas Curve Validation May 2001 This person has no clue. Reviewing gulf coast basis locations probably won't find the next EES lock box problem. Regards John -----Original Message----- From: Nguyen, Jennifer Sent: Thursday, July 05, 2001 10:34 AM To: Gorny, Vladimir; Gossett, Jeffrey C.; Hall, Bob M; Lavorato, John; Reeves, Leslie Subject: Gas Curve Validation May 2001 Please do not hesitate to contact me with any questions. Thanks, Jennifer x5-7590 << File: Curve Val Gas Memo.doc >>