Message-ID: <12136336.1075844285852.JavaMail.evans@thyme>
Date: Tue, 5 Dec 2000 03:40:00 -0800 (PST)
From: james.saunders@enron.com
To: rod.hayslett@enron.com
Subject: Re: Kent's Deal Structures
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I'm unclear as to the appropriate accounting period; but -to me- the deal 
should revolve around the economics, and -as previously mentioned- if Kent 
and management believe prices are going to decline then a forward sale makes 
sense.

(But note that prices have continued to escalate sinse this deal was 
originally proposed)