Message-ID: <24847986.1075852757224.JavaMail.evans@thyme> Date: Thu, 16 Aug 2001 07:00:28 -0700 (PDT) From: jonathan.mckay@enron.com To: kate.joslyn@enron.com Subject: RE: AGA Numbers Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Mckay, Jonathan X-To: Joslyn, Kate X-cc: X-bcc: X-Folder: \JMCKAY1 (Non-Privileged)\Mckay, Jonathan\Sent Items X-Origin: McKay-J X-FileName: JMCKAY1 (Non-Privileged).pst The AGA number was definitely more bullish than anyone expected and it has caused us to rally to levels that I didn't think we were going to see a long time. But, I do not think that the trend has changed. In my humble opinion, I think that the number was probably an adjustment of over statements of inventory over the past 8 weeks. I do not believe that the number should have any baring on the numbers going forward. I still expect us to trend down, but it will probably take an extra week to recover from this move. Regards, Jon -----Original Message----- From: Joslyn, Kate Sent: Thursday, August 16, 2001 6:26 AM To: Mckay, Jonathan Subject: AGA Numbers Jon Has your view that we are likely to see prices trending down changed based on the AGA numbers that we saw yesterday? Or is that just a short term fluctuation? KJ