Message-ID: <26396397.1075853092450.JavaMail.evans@thyme> Date: Mon, 27 Aug 2001 06:05:37 -0700 (PDT) From: martin.cuilla@enron.com To: james.h.cook@us.andersen.com Subject: RE: Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: quoted-printable X-From: Cuilla, Martin X-To: 'james.h.cook@us.andersen.com' X-cc: X-bcc: X-Folder: \MCUILLA (Non-Privileged)\Cuilla, Martin\Sent Items X-Origin: Cuilla-M X-FileName: MCUILLA (Non-Privileged).pst I guess i have to start with saturday night when we met up with dax and mic= helle at the horsetrack. I have to admit that i wasn't looking forward to = it since i didn't know how she was going to act and if she was going to be = bitchy. About 15 minutes after we got there we passed on the way to the be= tting counter and she pulled me aside and was so very cool. She kept askin= g are you o.k. and almost seemed to sympathize with me. She said she didn'= t say anything to dax and would never say anything to him. She was so cool= about it i was totally shocked. So on sunday dax calls and says they are = going to bw3 so after a couple of hours we go up there to meet them. I wal= k in and missy and don were there so i was a little surprised. After we = had been there for a while Z, laura, devon, and michelle go to play darts l= eaving me and missy at the table. So starts saying so you aren't going to = email me anymore and acting all sad. Then she said i didn't have any balls= . Later don is talking about the heisman and what the statue looks like an= d she looks at me and says i am not giving you the heisman i guess you coul= d say i am giving you the anti-heisman and motions as if to open her legs. = It was funny as shit. She also said she dumped dale but i don't know that= i completely buy that. Anyway, all together it was very interesting weeke= nd. I don't know that i could ever trust missy to be discrete so while it = is very tempting it is also very dangerous. =20 -----Original Message----- From: james.h.cook@us.andersen.com [mailto:james.h.cook@us.andersen.com] Sent: Monday, August 27, 2001 7:05 AM To: Cuilla, Martin Subject: Re: Oh shit - what did missy say?? To: James H. Cook@ANDERSEN WO cc: Date: 08/26/2001 10:55 PM From: Martin.Cuilla@enron.com Subject: I don't know if this is going to keep its format but EOG's trailing earning are $5.01 and forward expectations are $2.31 and that probably is too high. Its trailing P/E is 6.53 and forward P/E is 14 which is still on the low side of historical P/Es (6-60 with average of 30) but it all comes back to how long you think gas prices are in a $2-$3 environment. Usually when you are as full in storage as we are going to be it takes at least 2 years to work off the extra gas which would lower earnings in 2002 and 2003. I think the industry is going to wash out in the next month or two and could be off up to 20% and then maybe it will find the bottom. The one thing I have learned from trading is usually there is a big washout of the longs (like down $3 or more in a day or two for EOG) that takes place before you find the bottom. Quarterly EPS Consensus Expectations for EOG Q3 2001 Q4 2001 Q1 2002 Q2 2002 Current Mean (08/24/01) $0.50 $0.55 $0.68 $0.58 Previous Mean $0.49 $0.54 $0.73 $0.55 Number or Brokers Estimating 24 21 5 5 Estimate Range (low/high) $0.33 / $0.95 $0.25 / $1.06 $0.45 / $0.97 $0.32 / $0.90 Standard Deviation $0.15 $0.20 $0.20 $0.22 Same Qtr. Last Year $0.95 A $1.33 A $1.79 A $0.94 A ********************************************************************** This e-mail is the property of Enron Corp. and/or its relevant affiliate and may contain confidential and privileged material for the sole use of the intended recipient (s). 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