id
string | message_id
string | from
list | to
list | date
string | subject
string | content
string | email_context
string | attachments
string | hypothetical_query_list
list | token_count_content
int32 | token_count_context
int32 | user
string |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
305.
|
f4f855d9-c725-4353-9d27-91e1daef8414
|
[
"john.arnold@enron.com"
] |
[
"jeffrey.hodge@enron.com"
] |
Fri, 21 Jul 2000 03:15:00 -0700 (PDT)
|
Jeff:
In regards to the antitrust training, can you please schedule that at least
one of the sessions starts at 3:00 or later to ensure participation by all.
Thanks,
John
|
Jarnold.nsf
|
[] | 41 | 0 |
arnold-j
|
||
306.
|
137b4de0-b457-4893-b542-17fa85ea10eb
|
[
"john.arnold@enron.com"
] |
[
"russell.diamond@enron.com"
] |
Thu, 20 Jul 2000 00:37:00 -0700 (PDT)
|
Re: New Counterparty Transaction
|
Russell:
My risk group frequently uses the New Counterparty label for internal
counterparties that do not have a trading book. This transaction was a hedge
for the acquisition of the paper plant we announced recently. I'm not sure
who the internal group is that did the transaction. Dutch Quigley should be
able to help.
John.
|
From: Russell Diamond
07/19/2000 05:22 PM
To: John Arnold/HOU/ECT@ECT
cc:
Subject: New Counterparty Transaction
John
A trade came across our morning report listed as a 'New Counterparty'. It
was about 17BCF Swap from Sep "00 - Aug '07. Can you give me some details
on the counterparty.
Thank you,
Russell
Credit
|
Jarnold.nsf
|
[] | 80 | 199 |
arnold-j
|
307.
|
8957b1b4-608d-47e5-ae79-10c66be14eab
|
[
"john.arnold@enron.com"
] |
[
"andy.zipper@enron.com"
] |
Wed, 19 Jul 2000 03:41:00 -0700 (PDT)
|
Re:
|
Thanks.
|
Andy Zipper@ENRON
07/19/2000 08:27 AM
To: John Arnold/HOU/ECT@ECT
cc:
Subject: Re:
By the version of EOL do you mean the new version of stack manager ? If you
do, we should have finished testing by today. That means we will roll out
today or tomorrow, but Louise wants a more developed roll out plan, so that
might slow things down a bit. Not to make excuses, but we have had some
serious technical problems with the new release and have had to redesign
whole parts of the back end of the system. The problem is around how many
things can be linked to a single product and stack manager performance,
obviously a serious issue. It has taken us, obviously, a lot longer than we
thought to fix it. I think there are still some minor issues that we should
discuss, but they should not get in the way of release.
If you mean by new version, the phase II website version with sexy content,
we are scheduled (cum grano salis) to roll that out in mid august.
any questions please feel free to call.
-andy
|
Jarnold.nsf
|
[] | 2 | 269 |
arnold-j
|
308.
|
5bfed2b5-65c7-453f-be64-4926b5dcc5da
|
[
"john.arnold@enron.com"
] |
[
"andy.zipper@enron.com"
] |
Tue, 18 Jul 2000 08:11:00 -0700 (PDT)
|
Andy:
Is the new version of EOL coming out soon. I'm waiting to put new products
on until it comes...
John
|
Jarnold.nsf
|
[] | 31 | 0 |
arnold-j
|
||
309.
|
8729ac0d-00b9-4ca8-be88-4c66bf19de9b
|
[
"john.arnold@enron.com"
] |
[
"liz.taylor@enron.com"
] |
Tue, 18 Jul 2000 01:40:00 -0700 (PDT)
|
Re: "Strike Out" ALS
|
I think you're cheating trying to get a fixed amount.... I'll give $1 per
pin.
Good luck,
John
Liz M Taylor
|
07/17/2000 03:57 PM
To: John Arnold/HOU/ECT@ECT
cc:
Subject: Re: "Strike Out" ALS
John,
Please a flat amount. Don't hold me to pins. Everyone is giving a flat
amount. I'm NOT a bowler.
Liz
John Arnold
07/17/2000 03:56 PM
To: Liz M Taylor/HOU/ECT@ECT
cc:
Subject: Re: "Strike Out" ALS
Is it per game or point or what?
Liz M Taylor
07/17/2000 02:33 PM
To: John J Lavorato/Corp/Enron@Enron, Jeffrey A Shankman/HOU/ECT@ECT, Kevin M
Presto/HOU/ECT@ECT, Scott Neal/HOU/ECT@ECT, Gary Hickerson/HOU/ECT@ECT, John
Arnold/HOU/ECT@ECT, Stephen R Horn/HOU/ECT@ECT, Wes Colwell/HOU/ECT@ECT, Mark
E Haedicke/HOU/ECT@ECT, Paul Racicot/Enron Communications@Enron
Communications, Jean Mrha/NA/Enron@Enron
cc:
Subject: "Strike Out" ALS
Enron/MDA
Beach Bowl 2000
To Benefit ALS Research
I'm bowling to help "strike out" ALS (Lou Gehrig's disease). If you have not
sponsored someone else, I would very much like for you to sponsor me. The
event takes place on July 29. I will need all donations by July 26.
Any donation is greatly appreciated and matched by Enron.
Many Thanks,
Liz
|
Jarnold.nsf
|
[] | 37 | 400 |
arnold-j
|
310.
|
e270131d-790f-46e4-a389-af2ec948a16c
|
[
"john.arnold@enron.com"
] |
[
"liz.taylor@enron.com"
] |
Mon, 17 Jul 2000 08:56:00 -0700 (PDT)
|
Re: "Strike Out" ALS
|
Is it per game or point or what?
Liz M Taylor
|
07/17/2000 02:33 PM
To: John J Lavorato/Corp/Enron@Enron, Jeffrey A Shankman/HOU/ECT@ECT, Kevin M
Presto/HOU/ECT@ECT, Scott Neal/HOU/ECT@ECT, Gary Hickerson/HOU/ECT@ECT, John
Arnold/HOU/ECT@ECT, Stephen R Horn/HOU/ECT@ECT, Wes Colwell/HOU/ECT@ECT, Mark
E Haedicke/HOU/ECT@ECT, Paul Racicot/Enron Communications@Enron
Communications, Jean Mrha/NA/Enron@Enron
cc:
Subject: "Strike Out" ALS
Enron/MDA
Beach Bowl 2000
To Benefit ALS Research
I'm bowling to help "strike out" ALS (Lou Gehrig's disease). If you have not
sponsored someone else, I would very much like for you to sponsor me. The
event takes place on July 29. I will need all donations by July 26.
Any donation is greatly appreciated and matched by Enron.
Many Thanks,
Liz
|
Jarnold.nsf
|
[] | 16 | 260 |
arnold-j
|
311.
|
e53fd3e1-dc25-4548-9973-b515b00b749a
|
[
"john.arnold@enron.com"
] |
[
"james_naughton@em.fcnbd.com"
] |
Mon, 17 Jul 2000 02:03:00 -0700 (PDT)
|
Jim:
The list I gave you is a list of brokers that can clear through you, NOT
brokers that you clear exclusively. You do not clear any of my brokers
exclusively. All trades that clear through you will be done on discretionary
trade-by trade basis. You MUST have your floor personnel reverse everything
they they told my brokers this morning.
I am not happy.
John
|
Jarnold.nsf
|
[] | 92 | 0 |
arnold-j
|
||
312.
|
43308915-be64-4172-b965-bbc363ac58e6
|
[
"john.arnold@enron.com"
] |
[
"james_naughton@em.fcnbd.com"
] |
Mon, 17 Jul 2000 00:59:00 -0700 (PDT)
|
Jim:
The following are the authorized floor brokers to accept trades
|
from:
Man
Paribas
SDI
Refco
Carr
the old Fimat group (don't know what their name is now)
Flatt Futures
ABN
Thanks,
John
|
Jarnold.nsf
|
[] | 13 | 48 |
arnold-j
|
|
313.
|
403b7252-105b-4861-abd8-57f8782df8b4
|
[
"john.arnold@enron.com"
] |
[
"frank.hayden@enron.com"
] |
Mon, 17 Jul 2000 00:50:00 -0700 (PDT)
|
Frank:
The $5,000,000 extra VAR disappears in about a week. There MUST be a
band-aid to the term VAR curve before this expires. Again, the back of the
board is realizing 35-60% vol and it's being credited with 15% vol.
Thanks,
John
|
Jarnold.nsf
|
[] | 72 | 0 |
arnold-j
|
||
314.
|
8389922f-b083-4151-b1ee-fd2e183d9420
|
[
"john.arnold@enron.com"
] |
[
"spower@houstonballet.org"
] |
Sat, 15 Jul 2000 06:39:00 -0700 (PDT)
|
Hello:
A recent posting on the Enron bulletin board indicated that you are looking
for academic tutors. I may be available to help at nights in math. Can you
please respond with details about the program, how old the kids are, the
commitment required, etc.
Thanks,
John Arnold
|
Jarnold.nsf
|
[] | 70 | 0 |
arnold-j
|
||
315.
|
5a4ef03e-1978-4827-b5da-c028f1217b2a
|
[
"john.arnold@enron.com"
] |
[
"frank.hayden@enron.com"
] |
Fri, 14 Jul 2000 10:46:00 -0700 (PDT)
|
Re: Market Opinion about AGA's
|
Interesting observation...but I'm not sure I agree. I think consensus
opinion is that anything under 2.7 TCF is very dangerous entering the
winter. A month ago, analysts were predicting we would end the injection
season with around 2.6 - 2.7 in the ground. With the most recent AGA, those
projections seem to be closer to 2.7. With supply of gas very inelastic to
price in the short and medium term, you must look at the demand side of the
equation. The market is trying to price out the right amount of demand
(mostly through lost industrial load and fuel switching) such that supplies
will be stored rather than burned. Each AGA number is another data point as
to whether nat gas is high enough to price out enough demand to reach a
comfortable level in storage entering the winter. A low AGA number
indicates we haven't priced out enough demand and the market must go up.
Certainly, the 97 throws a curve in the bull argument, but the number may be
a function of very mild weather, a four day holiday weekend, and reporting
noise rather than indicative of a structural shift in the supply/demand
equilibrium. We'll know a lot more as the next two weeks' numbers come out.
If we get two low injections, watch out.
Enron North America Corp.
|
From: Frank Hayden @ ENRON 07/12/2000 04:39 PM
To: John Arnold/HOU/ECT@ECT
cc:
Subject: Market Opinion about AGA's
John,
I think the AGA's are not as important to bulls as to bears. In the
beginning of the season, AGA's were very important in framing the bull
case. The current expectation is that we will go into the winter under
stored. I don't believe any additional AGA news can significantly change
that expectation.
However, I believe Bears, as evidenced today, will feed more heavily off of
bearish AGA news, than bulls will off bullish AGA news.
At this juncture, I believe that the most potent bullish news has to come
from the physical market and weather.
I hope you don't mind me expressing my view point on this issue.
Thanks,
Frank
|
Jarnold.nsf
|
[] | 322 | 238 |
arnold-j
|
316.
|
fac767b8-b5ae-48f8-b21f-23d832c64ff1
|
[
"john.arnold@enron.com"
] |
[
"frank.hayden@enron.com"
] |
Fri, 14 Jul 2000 07:33:00 -0700 (PDT)
|
Frank:
Just following up on two topics.
One: Larry May's book continues to run at a VAR of 2,500,00 despite the fact
his P&L is never close to that. Can you check that his exotics book
positions are being picked up in his VAR calcs.
Second: Have you looked into applying a band-aid to the understating longer
term Vol problem until we change formulas?
John
|
Jarnold.nsf
|
[] | 102 | 0 |
arnold-j
|
||
317.
|
1edba2e7-f081-4852-886f-4cd0c4d3abde
|
[
"john.arnold@enron.com"
] |
[
"margaret.allen@enron.com"
] |
Thu, 13 Jul 2000 05:44:00 -0700 (PDT)
|
Re: Screen shots
|
Margaret:
As you can imagine, most information and procedures on the floor are
extremely confidential. We look at the gas market uniquely and using
different tools than anybody else. It is one of our competitive advantages.
I'm hesistant to approve the use of any documents for external purposes.
If you provide more information about what you're trying to show, who the
target audience is, and what format it will be presented, I may be able to
help you.
John
|
Margaret Allen@ENRON
07/13/2000 11:09 AM
To: Ann M Schmidt/Corp/Enron@ENRON, John Arnold/HOU/ECT@ECT
cc:
Subject: Screen shots
Did you get this? My computer registered that it didn't go....delete if you
already did.
---------------------- Forwarded by Margaret Allen/Corp/Enron on 07/13/2000
11:03 AM ---------------------------
Margaret Allen
07/13/2000 10:45 AM
To: Ann M Schmidt/Corp/Enron@ENRON, John Arnold/HOU/ECT@ECT
cc:
Subject: Screen shots
John,
Please look over this file and let me know if it is okay for us to use it as
the screen shot that is on all the monitors in the commercial. Please
include Ann on your response, as she will be passing it through legal since
I'm out of the office.
Ann,
Once he gets this back to you, please run it by Mark Taylor. If he is okay
with it, email the final version back to me, because the crew in Toyko needs
it ASAP.
Thanks! Margaret
---------------------- Forwarded by Margaret Allen/Corp/Enron on 07/13/2000
10:35 AM ---------------------------
From: Kal Shah @ ECT 07/13/2000 09:17 AM
To: Margaret Allen/Corp/Enron@ENRON
cc:
Subject: Screen shots
Margaret -- It's critical that you get John Arnold's permission before using
the attached spreadsheet and graphs. They contain curves through July 12th.
Also, you may want to get legal permission from Mark Taylor.
kal
---------------------- Forwarded by Kal Shah/HOU/ECT on 07/13/2000 09:12 AM
---------------------------
Heather Alon
07/13/2000 09:08 AM
To: Kal Shah/HOU/ECT@ECT
cc:
Subject: Screen shots
Hi Kal,
Here are some screen shots, let me know if they will work for you. I think
we may need to double check with John Arnold- the trader- before using them
for sure. But I was told they would be okay.
Heather
|
Jarnold.nsf
|
[] | 111 | 578 |
arnold-j
|
318.
|
5ad434de-6c90-43f0-89be-45342866b485
|
[
"john.arnold@enron.com"
] |
[
"coopers@epenergy.com"
] |
Wed, 12 Jul 2000 04:05:00 -0700 (PDT)
|
Re: El Paso Energy Corporation Reports Record Second Quarter
Earnings Per Share
|
Good job....I've got 10% of my portfolio in CGP. Keep up the good work.
|
"Cooper, Sean" <CooperS@EPEnergy.com> on 07/11/2000 08:03:41 PM
To:
cc:
Subject: El Paso Energy Corporation Reports Record Second Quarter Earnings
Per Share
http://biz.yahoo.com/prnews/000711/tx_el_paso_2.html
Tuesday July 11, 5:42 pm Eastern Time
Company Press Release
SOURCE: El Paso Energy Corporation
El Paso Energy Corporation Reports Record Second Quarter Earnings Per Share
HOUSTON, July 11 /PRNewswire/ -- El Paso Energy Corporation (NYSE: EPG
<http://finance.yahoo.com/q?s=epg&d=t> - news </n/e/epg.html>) today
announced second quarter 2000 adjusted diluted earnings per share of $0.69,
an increase of 73 percent over second quarter 1999 adjusted diluted earnings
per share of $0.40. The second quarter 2000 results exclude $0.13 per share
of one-time merger-related items. Diluted average common shares outstanding
for the second quarter 2000 totaled 242 million. Consolidated adjusted
earnings before interest expense and income taxes (EBIT) for the second
quarter increased by 55 percent to $408 million, compared with $263 million
in the year-ago period.
EBIT from the company's non-regulated businesses more than tripled in the
quarter to $246 million, and represented 60 percent of consolidated EBIT.
``Outstanding growth in Merchant Energy and continued strong performance in
our other non-regulated segments produced these record results,'' said
William A. Wise, president and chief executive officer of El Paso Energy
Corporation. ``Reflecting our long-standing strategy of building a portfolio
of flexible gas and power assets, Merchant Energy's earnings continued to
accelerate in the second quarter.''
For the first six months of 2000, adjusted diluted earnings per share
increased 84 percent to $1.40 per share, compared with $0.76 for the first
six months of 1999. Consolidated EBIT for the six months, excluding
non-recurring items, increased 55 percent to $798 million compared with $515
million in the year-ago period.
Second Quarter Business Segment Results
The Merchant Energy segment reported record EBIT of $152 million in the
second quarter 2000, compared with $6 million in the same period last year
and $50 million in the first quarter 2000. The physical and financial gas
and power portfolio developed over the past several years is creating
significant value in the current volatile energy environment. Enhanced
trading opportunities around our asset positions, continued strong wholesale
customer business, and management fees from Project Electron (the company's
off-balance sheet vehicle for power generation investments) all contributed
to the record second-quarter performance.
The Production segment reported a 30-percent increase in second quarter EBIT
to $52 million compared with $40 million a year ago, reflecting higher
realized gas and oil prices and lower operating costs following the
reorganization of its business in 1999. Weighted average realized prices for
the quarter were $2.26 per million cubic feet (MMcf) of natural gas and
$19.21 per barrel of oil, up 12 percent and 29 percent, respectively, from
the year-ago levels. Average natural gas production totaled 512 MMcf per day
and oil production averaged 14,275 barrels per day.
The Field Services segment reported second quarter EBIT of $30 million,
nearly double an adjusted $16 million in 1999. The increase was due
primarily to higher realized gathering and processing margins, together with
the acquisition of an interest in the Indian Basin processing plant in March
2000. Second quarter gathering and treating volumes averaged 4.1 trillion
Btu per day (TBtu/d), while processing volumes averaged 1.1 TBtu/d.
Coming out of one of the warmest winters on record, the Natural Gas
Transmission segment reported second quarter EBIT of $190 million compared
with an adjusted $187 million a year ago, reflecting the realization of cost
savings from the Sonat merger. Overall system throughput averaged 11.3
TBtu/d. During the quarter, Southern Natural Gas received Federal Energy
Regulatory Commission approval of its comprehensive rate case settlement
filed in March.
The International segment reported second quarter EBIT of $12 million
compared with $16 million in 1999. Higher equity income from projects in
Brazil and Argentina largely offset lower equity earnings from the company's
investment in the Philippines.
Telecom Update
``We have made substantial progress in the development of our
telecommunications business, El Paso Global Networks,'' said William A.
Wise. ``Reflecting our market-centric approach to developing new businesses,
we have named Greg G. Jenkins, the current president of El Paso Merchant
Energy, to head our telecommunications business. Our expertise in building
businesses in rapidly commoditizing markets, as demonstrated by our Merchant
Energy success, provides us with a key competitive entry point in the
telecommunications marketplace.''
Quarterly Dividend
The Board of Directors declared a quarterly dividend of $0.206 per share on
the company's outstanding common stock. The dividend will be payable October
2, 2000 to shareholders of record as of the close of business on September
1, 2000. There were 237,786,853 outstanding shares of common stock entitled
to receive dividends as of June 30, 2000.
With over $19 billion in assets, El Paso Energy Corporation provides
comprehensive energy solutions through its strategic business units:
Tennessee Gas Pipeline Company, El Paso Natural Gas Company, Southern
Natural Gas Company, El Paso Merchant Energy Company, El Paso Energy
International Company, El Paso Field Services Company, and El Paso
Production Company. The company owns North America's largest natural gas
pipeline system, both in terms of throughput and miles of pipeline, and has
operations in natural gas transmission, merchant energy services, power
generation, international project development, gas gathering and processing,
and gas and oil production. On May 5, the stockholders of both El Paso
Energy and The Coastal Corporation overwhelmingly voted in favor of merging
the two organizations. The combined company will have assets of $35 billion
and be one of the world's leading integrated energy companies. The merger is
expected to close in the fourth quarter of this year, concurrent with the
completion of regulatory reviews. Visit El Paso Energy's web site at
www.epenergy.com <http://www.epenergy.com>.
Cautionary Statement Regarding Forward-Looking Statements
This release includes forward-looking statements and projections, made in
reliance on the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. The company has made every reasonable effort to ensure
that the information and assumptions on which these statements and
projections are based are current, reasonable, and complete. However, a
variety of factors could cause actual results to differ materially from the
projections, anticipated results or other expectations expressed in this
release. While the company makes these statements and projections in good
faith, neither the company nor its management can guarantee that the
anticipated future results will be achieved. Reference should be made to the
company's (and its affiliates') Securities and Exchange Commission filings
for additional important factors that may affect actual results.
EL PASO ENERGY CORPORATION
CONSOLIDATED STATEMENT OF INCOME
(In Millions, Except per Share Amounts)
(UNAUDITED)
Second Quarter Ended Six Months Ended
June 30, June 30,
2000 1999 2000 1999
Operating revenues $4,227 $2,597 $7,333 $4,875
Operating expenses
Cost of gas and other products 3,451 1,949 5,829 3,590
Operation and maintenance 226 223 436 469
Merger related costs
and asset impairment charges 46 131 46 135
Ceiling test charges --- --- --- 352
Depreciation, depletion,
and amortization 148 141 293 289
Taxes, other than income taxes 36 36 77 76
3,907 2,480 6,681 4,911
Operating income (loss) 320 117 652 (36)
Equity earnings and other income 42 64 100 113
Earnings before interest expense,
income taxes, and other charges 362 181 752 77
Interest and debt expense 127 110 250 212
Minority interest 27 4 49 8
Income (loss) before income
taxes and other charges 208 67 453 (143)
Income tax expense (benefit) 68 23 142 (52)
Preferred stock dividends
of subsidiary 6 6 12 12
Income (loss) before extraordinary
items and cumulative effect
of accounting change 134 38 299 (103)
Extraordinary Items, net
of income taxes --- --- 89 ---
Cumulative effect of accounting
change, net of income taxes --- --- --- (13)
Net income (loss) $134 $38 $388 $(116)
Diluted earnings (loss)
per common share:
Adjusted diluted earnings
per common share (a) $0.69 $0.40 $1.40 $0.76
Extraordinary items --- --- 0.37 ---
Cumulative effect
of accounting change --- --- --- (0.06)
Merger related costs,
asset impairment, and other
non-recurring charges (0.13) (0.36) (0.13) (0.36)
Ceiling test charges --- --- --- (0.94)
Gain on sale of assets --- 0.05 --- 0.05
Resolution of regulatory issues --- 0.08 --- 0.08
Proforma diluted earnings (loss)
per common share $0.56 $0.17 $1.64
$(0.47)(b)
Reported diluted earnings (loss)
per common share $0.56 $0.17 $1.64
$(0.51)(b)
Basic average common shares
outstanding (000's) 229,539 226,877 229,064 226,471
Diluted average common shares
outstanding (000's) 241,710 237,955 240,117 237,161
(a) Adjusted diluted earnings per common share represents diluted
earnings
per share before the impact of certain non-recurring charges.
Second
quarter 2000 results exclude merger related charges of $(46) million
pretax, or $(31) million aftertax. Second quarter 1999 results
exclude merger related charges of $(131) million pretax, or
$(86) million aftertax, a gain on sale of assets of $19 million
pretax, or $12 million aftertax, and the resolution of regulatory
issues of $30 million pretax, or $20 million aftertax. Year-to-date
2000 results exclude the extraordinary gain on the sale of the East
Tennessee and Sea Robin systems of $89 million aftertax and merger
related charges of $(46) million pretax, or $(31) million aftertax.
Year-to-date 1999 results exclude the cumulative effect of an
accounting change of $(13) million aftertax, merger related charges
of
$(135) million pretax, or $(86) million aftertax, ceiling test
charges
of $(352) million pretax, or $(222) million aftertax, a gain on sale
of assets of $19 million pretax, or $12 million aftertax, and the
resolution of regulatory issues of $30 million pretax, or $19
million
aftertax.
(b) Proforma diluted loss per common share reflects reported diluted
earnings per share but assumes dilution. Reported diluted loss per
common share does not assume dilution because dilution would reduce
the amount of loss per share.
SOURCE: El Paso Energy Corporation
******************************************************************
This email and any files transmitted with it from El Paso
Energy Corporation are confidential and intended solely
for the use of the individual or entity to whom they are
addressed. If you have received this email in error
please notify the sender.
******************************************************************
|
Jarnold.nsf
|
[] | 23 | 4,070 |
arnold-j
|
319.
|
cf311fa0-4211-4e74-bd13-1a0c38a65af7
|
[
"john.arnold@enron.com"
] |
[
"per.sekse@enron.com"
] |
Tue, 11 Jul 2000 01:37:00 -0700 (PDT)
|
Per:
Can you give the Campbell fund read-only access to EOL. It may speed up the
process if they see they can trade pre-market.
John
|
Jarnold.nsf
|
[] | 38 | 0 |
arnold-j
|
||
320.
|
5931dd6b-bebe-4b59-a7b5-a217626b6bae
|
[
"john.arnold@enron.com"
] |
[
"john.lavorato@enron.com"
] |
Mon, 10 Jul 2000 09:42:00 -0700 (PDT)
|
I spoke to Vlady this afternoon regarding the alternative VAR methodologies.
I think changing to a Riskmetrics historical VAR system is more defendable
and objective, will provide more consistent results, and will create more
realistic results. I understand Vince has a similar opinion.
John.
|
Jarnold.nsf
|
[] | 71 | 0 |
arnold-j
|
||
321.
|
8366d41f-9761-45c4-8edf-5cfbeb70aea8
|
[
"john.arnold@enron.com"
] |
[
"gregory.carraway@enron.com"
] |
Mon, 10 Jul 2000 09:37:00 -0700 (PDT)
|
Re:
|
8 pm to 2 am
|
Gregory Carraway@ENRON
07/10/2000 04:32 PM
To: John Arnold/HOU/ECT@ECT
cc:
Subject: Re:
What time do the festivities begin?
|
Jarnold.nsf
|
[] | 5 | 50 |
arnold-j
|
322.
|
289c65da-22d0-47e7-8e01-babfb51da1e1
|
[
"john.arnold@enron.com"
] |
[
"liz.taylor@enron.com"
] |
Mon, 10 Jul 2000 08:36:00 -0700 (PDT)
|
Re:
|
Greg's always on vacation. You need to teach him some work habits. Next
Tuesday will work.
John
Liz M Taylor
|
07/10/2000 02:57 PM
To: John Arnold/HOU/ECT@ECT
cc:
Subject: Re:
Hi John!
Greg and Mary are on vacation this week in Germany. May I put you on the
calendar for Tuesday of next week? Greg will travel to Philly on Monday.
Liz
John Arnold
07/10/2000 12:36 PM
To: Liz M Taylor/HOU/ECT@ECT
cc:
Subject:
Hey,
Can Greg fit me in for about 30 minutes tomorrow afternoon?
--- Your secret admirer
|
Jarnold.nsf
|
[] | 35 | 140 |
arnold-j
|
323.
|
146bd4cd-767b-4f80-8f52-58acc2b63eff
|
[
"john.arnold@enron.com"
] |
[
"gregory.carraway@enron.com"
] |
Mon, 10 Jul 2000 07:43:00 -0700 (PDT)
|
Re:
|
I'll send 2 invites up. What's your location?
|
Gregory Carraway@ENRON
07/10/2000 02:36 PM
To: John Arnold/HOU/ECT@ECT
cc:
Subject: Re:
Thank you for the invitation. I would love to attend. I would like to invite
my wife, if that would be ok. Also, could you tell me where the Mercantile
bar is located? Thank you!!!
|
Jarnold.nsf
|
[] | 13 | 91 |
arnold-j
|
324.
|
f6ac693c-941c-4bbc-9906-850488e99f42
|
[
"john.arnold@enron.com"
] |
[
"vladimir.gorny@enron.com"
] |
Mon, 10 Jul 2000 07:31:00 -0700 (PDT)
|
Re: Forward-forward Vol
|
I'm free from 4:00-5:00 today
|
From: Vladimir Gorny 07/10/2000 02:14 PM
To: John Arnold/HOU/ECT@ECT
cc: Tanya Tamarchenko/HOU/ECT@ECT, Frank Hayden/Corp/Enron@Enron
Subject: Forward-forward Vol
John,
Per your and Jeff's request, Research and Market Risk Groups have conducted
an extensive analysis of the forward-forward vol methodology used in the
Value-at-Risk calculation.
We analyzed and compared two methodologies:
the existing methodology - based on forward (implied) vols
an alternative methodology - based on historical vols
I would like to schedule about 30 minutes to walk you through the pros and
cons of each methodology and get your input.
Vlady.
|
Jarnold.nsf
|
[] | 12 | 204 |
arnold-j
|
325.
|
60463b12-6220-466b-92ce-937790c79258
|
[
"john.arnold@enron.com"
] |
[
"gregory.carraway@enron.com",
"russell.diamond@enron.com"
] |
Mon, 10 Jul 2000 07:27:00 -0700 (PDT)
|
Hello,
Bill Perkins of Small Ventures USA is having a party this Saturday at the
Mercantile bar downtown. He has rented out the place, has a band, open
bar... usually pretty fun. He asked me to give both of you an invite in
appreciation of the work you've done for him. If you have interest, ccmail
me with whether you need one or two invites each.
John
|
Jarnold.nsf
|
[] | 96 | 0 |
arnold-j
|
||
326.
|
ac3219ff-3c99-460f-9eeb-74106c85a8f9
|
[
"john.arnold@enron.com"
] |
[
"liz.taylor@enron.com"
] |
Mon, 10 Jul 2000 05:36:00 -0700 (PDT)
|
Hey,
Can Greg fit me in for about 30 minutes tomorrow afternoon?
--- Your secret admirer
|
Jarnold.nsf
|
[] | 22 | 0 |
arnold-j
|
||
327.
|
fddd53ee-d16b-4cc4-b5e9-9e4843c07020
|
[
"john.arnold@enron.com"
] |
[
"per.sekse@enron.com"
] |
Fri, 7 Jul 2000 00:50:00 -0700 (PDT)
|
Re: FW: trading
|
Per:
I've talked to him several times in the past. I told him that you would call
because of your experience with setting up funds. They have two main
problems. One is setting up their internal systems. Second, they have
credit problems with a BBB+.
Please call and introduce yourself.
Thanks,
john
|
To: John Arnold/HOU/ECT@ECT
cc:
Subject: Re: FW: trading
John, did you answer him or should I respond? Per
John Arnold
06/26/2000 05:18 PM
To: Per Sekse/NY/ECT@ECT
cc:
Subject: FW: trading
---------------------- Forwarded by John Arnold/HOU/ECT on 06/26/2000 04:17
PM ---------------------------
Steve List <slist@Campbell.com> on 06/26/2000 12:32:02 PM
To: "'jarnold@enron.com'" <jarnold@enron.com>
cc:
Subject: FW: trading
> -----Original Message-----
> From: Steve List
> Sent: Monday, June 26, 2000 1:26 PM
> To: 'jarnol1@ect.enron.com'
> Subject: trading
>
>
> John,
>
> I hope all is well down in Houston, though it would seem your baseball
> team is, well, terrible.
> We may be close to resolving our internal issues as our CEO indicated on
> Friday. We are awaiting some
> confirmation but it seems we are close. How is the credit standing for
> Enron?
> Is there a chance of upgrade or well, you can tell me the status.
>
> Thanks
>
> Steve List
|
Jarnold.nsf
|
[] | 79 | 338 |
arnold-j
|
33.
|
48c852cd-2bff-4905-993f-bc4032362896
|
[
"john.arnold@enron.com"
] |
[
"margaret.allen@enron.com"
] |
Tue, 21 Nov 2000 13:34:00 -0800 (PST)
|
Re: Not nice
|
Hey:
Hope you're enjoying the Holidays. I don't have your cell phone #, so call
me if you get bored this week. Sorry I didn't return your call Monday. I'll
be in the Big D. You can reach me on my cell or, better yet, at 972 934 3440.
Adios amigos:
John
|
Jarnold.nsf
|
[] | 85 | 0 |
arnold-j
|
|
330.
|
ce148551-0539-4b16-933d-879197cfce93
|
[
"john.arnold@enron.com"
] |
[
"dutch.quigley@enron.com"
] |
Wed, 5 Jul 2000 08:45:00 -0700 (PDT)
|
Please top level the following P&L out of my book because the market settled
limit down.
End of day position Amount settle was off in my estimation Total amount
V0 -1700 -.035 595,000
X0 6400 -.025 -1,6000,000
Z0 -1450 -.020 290,000
F1 4750 -.015 -712,500
---------------
-1,427,500
|
Jarnold.nsf
|
[] | 151 | 0 |
arnold-j
|
||
331.
|
e72ac590-afd3-4756-97ac-1cde044afa0b
|
[
"john.arnold@enron.com"
] |
[
"andy.zipper@enron.com"
] |
Wed, 5 Jul 2000 00:03:00 -0700 (PDT)
|
Re: options and other stuff
|
How about 4:00 ??
|
Andy Zipper@ENRON
06/30/2000 05:02 PM
To: John Arnold/HOU/ECT@ECT
cc:
Subject: Re: options and other stuff
Pick a time on Wednesday to come by and take a look at the Options manager.
Have a good 4th.
-andy
|
Jarnold.nsf
|
[] | 6 | 74 |
arnold-j
|
332.
|
e601d1b0-0539-4549-a973-10497a978bcd
|
[
"john.arnold@enron.com"
] |
[
"andy.zipper@enron.com"
] |
Fri, 30 Jun 2000 06:38:00 -0700 (PDT)
|
Re: options and other stuff
|
Andy:
Sorry...I was on vacation last week and fell behind my email. Anytime you
want to talk is fine. I'll be around today if it works for you.
john
|
Andy Zipper@ENRON
06/16/2000 11:48 AM
To: John Arnold/HOU/ECT@ECT
cc:
Subject: options and other stuff
john,
I'd like the chance to review some assumptions re: options manager ( yes, we
are still on schedule) with you as well as discuss some other issues related
to putting Enron's prices on other platforms. some time on monday would work
best for me. Let me know.
andy
|
Jarnold.nsf
|
[] | 44 | 109 |
arnold-j
|
333.
|
a41fc529-36fe-42f0-bb2f-8e64f610504a
|
[
"john.arnold@enron.com"
] |
[
"slist@campbell.com"
] |
Fri, 30 Jun 2000 06:22:00 -0700 (PDT)
|
Re: FW: trading
|
Steve:
Good hearing from you. Hope all is going well. I gave your name to Per
Sekse in our New York office. He deals with a couple hedge funds we
currently do business with and has addressed some of the obstacles that we
face with other counterparties. He is on vacation this week but will call
next week. If you have any problems or concerns, feel free to call.
John
|
Steve List <slist@Campbell.com> on 06/26/2000 12:32:02 PM
To: "'jarnold@enron.com'" <jarnold@enron.com>
cc:
Subject: FW: trading
> -----Original Message-----
> From: Steve List
> Sent: Monday, June 26, 2000 1:26 PM
> To: 'jarnol1@ect.enron.com'
> Subject: trading
>
>
> John,
>
> I hope all is well down in Houston, though it would seem your baseball
> team is, well, terrible.
> We may be close to resolving our internal issues as our CEO indicated on
> Friday. We are awaiting some
> confirmation but it seems we are close. How is the credit standing for
> Enron?
> Is there a chance of upgrade or well, you can tell me the status.
>
> Thanks
>
> Steve List
|
Jarnold.nsf
|
[] | 98 | 231 |
arnold-j
|
335.
|
6cd1bfe0-0024-4c02-80c5-88cd957d67ed
|
[
"john.arnold@enron.com"
] |
[
"liz.taylor@enron.com"
] |
Wed, 28 Jun 2000 10:37:00 -0700 (PDT)
|
Re: World Phone
|
Hey Liz,
Thanks for letting me use the phone. A real life-saver.
My brother had a Nokia world phone on the trip and it seemed to work
better. It got reception some places where mine did not and is more
user-friendly.
On a different topic...Greg talked me into upgrading to first class for a
flight in December to Australia. He talked me into it by agreeing to pay for
half. Cliff found it funny and agreed to pay for the other half. I haven't
expensed it yet so I'm having Barbara send it on.
Thanks,
John
Liz M Taylor
|
06/28/2000 09:27 AM
To: John Arnold/HOU/ECT@ECT
cc:
Subject: World Phone
John,
We are testing the Nextel phone for company usage. What did you think of the
phone?
Liz
|
Jarnold.nsf
|
[] | 151 | 62 |
arnold-j
|
337.
|
81f123c0-861d-4a95-b7be-cb64e004e1bc
|
[
"john.arnold@enron.com"
] |
[
"liz.taylor@enron.com"
] |
Fri, 16 Jun 2000 00:58:00 -0700 (PDT)
|
Re: PLEASE,PLEASE,PLEASE
|
Thank you very,very much.
Love you,
John
Liz M Taylor
|
06/15/2000 10:19 AM
To: Ina Rangel/HOU/ECT@ECT
cc: John Arnold/HOU/ECT@ECT
Subject: Re: PLEASE,PLEASE,PLEASE
Ina,
Because Johnny is my favorite trader, he can use my world phone. What time
is he leaving tomorrow? How long will he be gone? I'll get everything to
you late this afternoon.
Many Thanks,
Liz
Ina Rangel
06/15/2000 09:41 AM
To: Liz M Taylor/HOU/ECT@ECT
cc:
Subject: PLEASE,PLEASE,PLEASE
I NEED YOUR HELP IF AT ALL POSSIBLE. JOHN ARNOLD IS TRAVELING TO EUROPE
TOMMORROW AND HAS ASKED ME TO GET HIM A WORLD PHONE. I CALLED NEXTEL,
HOUSTON CELLULAR AND GTE. NOONE CAN HELP ME WITH THIS BY TOMMORROW. IF I
REMEMBER YOU SAID YOU TURNED OFF THE PHONES YOU HAD. DO YOU HAVE ANY
SUGGESTIONS? ANY ADVICE?
-INA
|
Jarnold.nsf
|
[] | 22 | 277 |
arnold-j
|
338.
|
db19abbc-b2b8-4929-a81d-cff9c931f12b
|
[
"john.arnold@enron.com"
] |
[
"michael.byrne@americas.bnpparibas.com"
] |
Wed, 14 Jun 2000 02:27:00 -0700 (PDT)
|
Re: PARIBAS Futures Weekly AGA Survey
|
84
|
michael.byrne@americas.bnpparibas.com on 06/14/2000 07:02:32 AM
To: michael.byrne@americas.bnpparibas.com
cc:
Subject: PARIBAS Futures Weekly AGA Survey
Good Morning,
Just a reminder to get your AGA estimates in by Noon EST (11:00 CST) TODAY.
Last Year +63
Thanks,
Michael Byrne
Paribas Futures
-----------------------------------------------------------------------------
This message is confidential; its contents do not constitute a
commitment by BNP PARIBAS except where provided for in a written agreement
between you and BNP PARIBAS. Any unauthorised disclosure, use or
dissemination, either whole or partial, is prohibited. If you are not
the intended recipient of the message, please notify the sender
immediately.
Ce message est confidentiel ; son contenu ne represente en aucun cas un
engagement de la part de BNP PARIBAS sous reserve de tout accord conclu par
ecrit entre vous et BNP PARIBAS. Toute publication, utilisation ou
diffusion, meme partielle, doit etre autorisee prealablement. Si vous
n'etes pas destinataire de ce message, merci d'en avertir immediatement
l'expediteur.
|
Jarnold.nsf
|
[] | 1 | 327 |
arnold-j
|
339.
|
32cdc862-6bb6-4b9e-ba5c-4c4cab81270b
|
[
"john.arnold@enron.com"
] |
[
"vladimir.gorny@enron.com"
] |
Tue, 13 Jun 2000 01:34:00 -0700 (PDT)
|
Re:
|
Vlady:
Can I add 3 more portfolios:
1. +1000 July 2003 Chicago Basis
- 1000 July 2003 Panhandle Basis
2. +1000 June Henry Hub Cash
3. +1000 June Henry Hub Cash
- 1000 July Futures
Thanks,
John
|
To: John Arnold/HOU/ECT@ECT
cc:
Subject: Re:
John,
2. Do you assume at-the-money straddles? If not, please give us deltas and
gammas. See you at 5:30 tomorrow. Vlady.
John Arnold
06/12/2000 08:47 AM
To: Vladimir Gorny/HOU/ECT@ECT
cc:
Subject:
Vlady:
In preparation for our discussion tomorrow, can you run VAR numbers for some
mini-portfolios:
Portfolio 1. +1000 November Nymex
-1000 December Nymex
2. -1000 July Nymex Straddles
3. +1000 July 2002 Nymex
4. +1000 July 2002 Nymex
- 1000 August 2002 Nymex
5. +1000 July Socal Basis
6. +1000 July Chicago Basis
-1000 July Michcon Basis
7. +1000 July Henry Hub Index
8. +1000 July 2003 Chicago Basis
Again, these are separate portfolios. I'm trying to check that the VAR
numbers make logical sense.
Thanks,
John
|
Jarnold.nsf
|
[] | 96 | 336 |
arnold-j
|
34.
|
b2ea4fd6-9c80-410b-8ae7-5d86ddbfe4ba
|
[
"john.arnold@enron.com"
] |
[
"john.lavorato@enron.com"
] |
Tue, 21 Nov 2000 13:30:00 -0800 (PST)
|
Re:
|
eat shit
John
|
J Lavorato@ENRON
11/18/2000 01:01 PM
To: John Arnold/HOU/ECT@ECT
cc:
Subject:
Football bets 200 each
Minn -9.5
Buff +2.5
Phil -7
Indi -4.5
Cinnci +7
Det +6
clev +16
Den +9.5
Dall +7.5
Jack +3.5
|
Jarnold.nsf
|
[] | 6 | 102 |
arnold-j
|
340.
|
c912a3cc-657c-4cba-9c9d-2ab18996ecde
|
[
"john.arnold@enron.com"
] |
[
"vladimir.gorny@enron.com"
] |
Tue, 13 Jun 2000 00:52:00 -0700 (PDT)
|
Re:
|
yes
|
To: John Arnold/HOU/ECT@ECT
cc:
Subject: Re:
John,
2. Do you assume at-the-money straddles? If not, please give us deltas and
gammas. See you at 5:30 tomorrow. Vlady.
John Arnold
06/12/2000 08:47 AM
To: Vladimir Gorny/HOU/ECT@ECT
cc:
Subject:
Vlady:
In preparation for our discussion tomorrow, can you run VAR numbers for some
mini-portfolios:
Portfolio 1. +1000 November Nymex
-1000 December Nymex
2. -1000 July Nymex Straddles
3. +1000 July 2002 Nymex
4. +1000 July 2002 Nymex
- 1000 August 2002 Nymex
5. +1000 July Socal Basis
6. +1000 July Chicago Basis
-1000 July Michcon Basis
7. +1000 July Henry Hub Index
8. +1000 July 2003 Chicago Basis
Again, these are separate portfolios. I'm trying to check that the VAR
numbers make logical sense.
Thanks,
John
|
Jarnold.nsf
|
[] | 1 | 336 |
arnold-j
|
341.
|
acb7c7bd-af3b-40c8-853e-2228c37aab2d
|
[
"john.arnold@enron.com"
] |
[
"vladimir.gorny@enron.com"
] |
Mon, 12 Jun 2000 01:47:00 -0700 (PDT)
|
Vlady:
In preparation for our discussion tomorrow, can you run VAR numbers for some
mini-portfolios:
Portfolio 1. +1000 November Nymex
-1000 December Nymex
2. -1000 July Nymex Straddles
3. +1000 July 2002 Nymex
4. +1000 July 2002 Nymex
- 1000 August 2002 Nymex
5. +1000 July Socal Basis
6. +1000 July Chicago Basis
-1000 July Michcon Basis
7. +1000 July Henry Hub Index
8. +1000 July 2003 Chicago Basis
Again, these are separate portfolios. I'm trying to check that the VAR
numbers make logical sense.
Thanks,
John
|
Jarnold.nsf
|
[] | 228 | 0 |
arnold-j
|
||
342.
|
ab221bcb-5770-4b41-8ee6-df3f6bb9297c
|
[
"john.arnold@enron.com"
] |
[
"matthew.arnold@enron.com"
] |
Fri, 9 Jun 2000 05:13:00 -0700 (PDT)
|
Tickets requisitioned for England/Germany. $1500!!!!!!
|
Jarnold.nsf
|
[] | 14 | 0 |
arnold-j
|
||
344.
|
58231834-6cf6-4e8a-af68-f6074f9dd008
|
[
"john.arnold@enron.com"
] |
[
"tanya.tamarchenko@enron.com"
] |
Wed, 7 Jun 2000 00:40:00 -0700 (PDT)
|
Tanya:
On Friday I emailed a new vol curve to use for VAR testing. I was under the
impression that you could apply this vol curve to the price book and storage
book and have a new experimental VAR number by Monday. I have not received
any response. Please reply with status of this project.
John
|
Jarnold.nsf
|
[] | 75 | 0 |
arnold-j
|
||
345.
|
84e6b52f-6ff5-43aa-8a10-81f4432a2646
|
[
"john.arnold@enron.com"
] |
[
"tanya.tamarchenko@enron.com"
] |
Thu, 1 Jun 2000 11:16:00 -0700 (PDT)
|
Please use this vol curve for a dry run to figure out var for my book, NG
price, and Jim's book, Storage, and communicate the results. Thanks,John
|
Jarnold.nsf
|
[] | 38 | 0 |
arnold-j
|
||
347.
|
4fc91009-1813-4f0a-834d-9f4ce4c3c155
|
[
"john.arnold@enron.com"
] |
[
"vince.kaminski@enron.com"
] |
Thu, 1 Jun 2000 03:21:00 -0700 (PDT)
|
Re: VaR
|
Let's meet at 4:00.
Vince J Kaminski
|
06/01/2000 09:19 AM
To: John Arnold/HOU/ECT@ECT
cc: Vince J Kaminski/HOU/ECT@ECT, Tanya Tamarchenko/HOU/ECT@ECT, Jim
Schwieger/HOU/ECT@ECT, Jeffrey A Shankman/HOU/ECT@ECT
Subject: VaR
John,
We have been working for the last few days on VaR related issues.
The focus is on Jim Schwieger's storage book as of 5/25 and 5/26
where we had some counterintuitive results. This book is a good
candidate for a systematic review of the VaR process.
It seems that the problem arises from forward - forward vols used by the VaR
system. You can see in the attached spreadsheet that the VaR, on a cumulative
basis,
jumps on Jan 04, when an abnormal FF vol hits a relatively large position.
This FF vol is also much different from the previous day number producing a
big
jump in VaR.
This row (Jan 04) is in magenta font in the attached spreadsheet. Please, look
at column D.
The abnormal FF vol may result from one of the two factors:
a. a bug in the code. We are working with the person in IT who wrote the
code to review it.
b. a poorly conditioned forward vol curve ( a kink or discontinuity in
the fwd vol curve will do it). One solution I can
propose, is to develop for
the traders a fwd-fwd vol generator allowing them to
review the fwd vol curve
before it is posted. If it produces a weird fwd-fwd vol,
it can be smoothed.
Can you meet at 4 p.m. to review our findings?
Vince
|
Jarnold.nsf
|
[] | 16 | 485 |
arnold-j
|
349.
|
ed8483b8-6f4e-4c89-b14f-c9d073e08ebb
|
[
"john.arnold@enron.com"
] |
[
"bill.white@enron.com"
] |
Wed, 31 May 2000 00:34:00 -0700 (PDT)
|
Re: IRS Beers
|
Stupid taxes
|
Bill White@ENRON
05/30/2000 04:52 PM
To: John Arnold/HOU/ECT@ECT
cc:
Subject: IRS Beers
Remember we were trying to figure out the difference in return between tax
free investment growth and annually-taxed investment growth? Turns out that
it is different, but over 5 years and a 10% growth rate, it doesn't amount to
much more than the cost of our beer tab. See attached.
|
Jarnold.nsf
|
[] | 3 | 107 |
arnold-j
|
35.
|
8ba9aee9-7d41-4955-b415-34135baf0267
|
[
"john.arnold@enron.com"
] |
[
"sarah.wesner@enron.com"
] |
Tue, 21 Nov 2000 13:19:00 -0800 (PST)
|
Re: FIMAT loan agreement
|
i assume means carrying equity positions, which of course the line would not
be used for.
john
|
Sarah Wesner@ENRON
11/20/2000 12:47 PM
To: John Arnold/HOU/ECT@ECT
cc:
Subject: FIMAT loan agreement
John - the FIMAT loan agreeemnt will prohibit ENE from using loan proceeds as
follows:
No part of the proceeds of any Advance hereunder will be used for
"purchasing" or "carrying" any "margin stock" within the respective meanings
of each of the quoted terms under Regulation U of the Board of Governors of
the Federal Reserve System as now and from time to time hereafter in effect.
Do you know whether you engage in purchasing or carrying margin stock? I
will check with legal as well.
Sarah
|
Jarnold.nsf
|
[] | 22 | 167 |
arnold-j
|
350.
|
124e9643-0eae-4836-8552-a70687194c10
|
[
"john.arnold@enron.com"
] |
[
"websupport@moneynet.com"
] |
Wed, 31 May 2000 00:31:00 -0700 (PDT)
|
unsubscribe
|
Portfolio Tracker
|
<ptracker@moneynet.com> on 05/30/2000 05:53:59 PM
Please respond to websupport@moneynet.com
To: jarnold@ei.enron.com
cc:
Subject: Portfolio for jennifer_arnold as of Tue May 30 18:43:22 2000
*********************************************************
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By entering this exact URL (case sensitive) in your browser software location
box and hitting return, you will be able to access your Portfolio as before.
We suggest you then bookmark this page for future access to your Portfolio.
The Portfolio service will continue to be available to you in the future,
although you may notice changes in the page format in the next several weeks.
Thank you for your patience, and we're glad to be able to support your
financial content needs.
*********************************************************
Portfolio: Invest
Stocks:
Symbol Description Last Change Volume Date Time
=========================================================================
AFL AFLAC INC 51 3/8 +1/2 682700 05/30/2000 16:02
BMCS BMC SOFTWARE 44 3/16 +2 1/8 1.9504M 05/30/2000 16:01
ENE ENRON CORP 69 7/8 +1/16 1.2943M 05/30/2000 16:02
PCTL PICTURETEL CP 2.9375 0 255800 05/30/2000 15:59
WCOM WORLDCOM INC 38 1/16 +7/8 22.2777M 05/30/2000 16:01
NEWS for Portfolio: Invest
--- ENE ---
05/30/2000 10:27 Enron and Prudential Sign Long-Term Energy Management
Agreemen
--- WCOM ---
05/30/2000 17:49 CORRECTED - Nasdaq rises on optimism over interest rates -2-
05/30/2000 15:11 KLLM investor gets 2% of shrs, extends tender offer
05/30/2000 15:09 WorldCom/Sprint say EU should clear merger
05/30/2000 13:20 UPDATE 1-INTERVIEW-Swisscom-still time to find partners
05/30/2000 10:42 UPDATE 2-BT told to offer wholesale unmetered Internet access
****************************************
Market Update
----------------------------------------
As Of: 05/30/2000 04:14 PM
DJIA 10527.13 +227.89
NYSE Volume 842.044 Mil
Transports 2741.70 +54.15
Adv-Decl 2018 920
Utilities 324.74 -2.72
NASDAQ 3459.48 +254.37
S&P 500 1422.45 +44.43
Value Line 410.35 +9
****************************************
=================================================
All stock quotes are delayed at least 20 minutes.
=================================================
If you have questions, comments, or problems with your Portfolio Tracker
E-mail, send E-mail to websupport@moneynet.com.
|
Jarnold.nsf
|
[] | 3 | 957 |
arnold-j
|
351.
|
e1f5a406-8f51-4b1a-b493-4379b5ef7238
|
[
"john.arnold@enron.com"
] |
[
"websupport@moneynet.com"
] |
Tue, 30 May 2000 00:29:00 -0700 (PDT)
|
Re: Portfolio for jennifer_arnold as of Mon May 29 18:36:45 2000
|
Please do not send these emails anymore. I am not Jennifer Arnold
|
Portfolio Tracker <ptracker@moneynet.com> on 05/29/2000 05:52:42 PM
Please respond to websupport@moneynet.com
To: jarnold@ei.enron.com
cc:
Subject: Portfolio for jennifer_arnold as of Mon May 29 18:36:45 2000
*********************************************************
IMPORTANT MESSAGE FOR ALL INFOSEEK PORTFOLIO TRACKER USER'S
The Infoseek Portfolio Tracker service provided by Reuters Investor is no
longer accessible directly from the Infoseek Personal Finance page. However,
your Portfolio and all associated financial content will continue to be
accessible by going directly to the following web site address (URL):
http://www.moneynet.com/content/infoseek/PTracker/
By entering this exact URL (case sensitive) in your browser software location
box and hitting return, you will be able to access your Portfolio as before.
We suggest you then bookmark this page for future access to your Portfolio.
The Portfolio service will continue to be available to you in the future,
although you may notice changes in the page format in the next several weeks.
Thank you for your patience, and we're glad to be able to support your
financial content needs.
*********************************************************
Portfolio: Invest
Stocks:
Symbol Description Last Change Volume Date Time
=========================================================================
AFL AFLAC INC 50 7/8 +5/8 453700 05/26/2000 16:20
BMCS BMC SOFTWARE 42 1/16 +9/16 1.1978M 05/26/2000 16:01
ENE ENRON CORP 69 15/16 +15/16 1.4117M 05/26/2000 16:11
PCTL PICTURETEL CP 2.9375 -0.125 328900 05/26/2000 15:59
WCOM WORLDCOM INC 37 3/16 -7/16 13.0533M 05/26/2000 16:01
NEWS for Portfolio: Invest
--- ENE ---
05/29/2000 12:12 UPDATE 3-Spanish market braces for new bids for Cantabrico
--- WCOM ---
05/29/2000 13:18 WorldCom and Sprint face EU merger hearing
05/29/2000 02:34 RPT-France Tel to unveil $46 bln Orange buy on Tuesday
05/29/2000 00:31 RESEARCH ALERT-Phillip keeps Shin Sat<SATT.BK> buy
****************************************
Market Update
----------------------------------------
As Of: 05/26/2000 04:02 PM
DJIA 10299.24 -24.68
NYSE Volume 722.670 Mil
Transports 2687.55 -30.22
Adv-Decl 1493 1351
Utilities 327.46 +2.32
NASDAQ 3205.11 -0.24
S&P 500 1378.02 -3.50
Value Line 401.06 -0
****************************************
=================================================
All stock quotes are delayed at least 20 minutes.
=================================================
If you have questions, comments, or problems with your Portfolio Tracker
E-mail, send E-mail to websupport@moneynet.com.
|
Jarnold.nsf
|
[] | 14 | 911 |
arnold-j
|
352.
|
991d4c5f-2e9d-4fc8-bcd1-aee9e018e09d
|
[
"john.arnold@enron.com"
] |
[
"kevin.sweeney@enron.com"
] |
Mon, 29 May 2000 06:19:00 -0700 (PDT)
|
Re: New Spreadsheet
|
Kevin:
Come by Tuesday between 5:00-5:30 if you still want to see the new
spreadsheet. However, it may be more valuable to talk to Dutch Quigley, who
runs my risk, as he built the system and understands the vertical integration
better.
John
|
Jarnold.nsf
|
[] | 66 | 0 |
arnold-j
|
|
355.
|
04e8a4f3-23fa-4a4a-bbcb-716d9918e0a3
|
[
"john.arnold@enron.com"
] |
[
"doug.rotenberg@enron.com"
] |
Mon, 22 May 2000 09:23:00 -0700 (PDT)
|
Doug:
To confirm the pricing of the LNG dela::
I can show a $3.01 bid for the Nymex portion of 160,000 mmbtu/day for the
time period Jan 2003-Dec 2014. The bid on Henry Hub basis for same time
period is -$.0025 resulting in fix price of $3.0075; the bid on Sonat basis
is -$.0175 translating into a bid of $2.9925.
Notional volume = 70,128 contracts.
PV volume = 37,658 contracts.
Exposure per $.01 move = $3,760,000
John
|
Jarnold.nsf
|
[] | 144 | 0 |
arnold-j
|
||
356.
|
4d486b68-ec14-4c93-948e-4bc43027ab67
|
[
"john.arnold@enron.com"
] |
[
"susan.lewis@enron.com"
] |
Mon, 22 May 2000 00:40:00 -0700 (PDT)
|
Re:
|
Hey, I just got your email.
Call anytime after 4:00.
Obviously, I don't read my email very often
|
Jarnold.nsf
|
[] | 27 | 0 |
arnold-j
|
|
357.
|
24621301-cc2e-4172-9f95-693b42e38692
|
[
"john.arnold@enron.com"
] |
[
"websupport@moneynet.com"
] |
Mon, 22 May 2000 00:36:00 -0700 (PDT)
|
Please stop sending emails to jennifer_arnold to the following email address:
|
jarnold@enron.com.
You have the wrong person
|
Jarnold.nsf
|
[] | 17 | 16 |
arnold-j
|
|
358.
|
77901625-eedc-45b5-b442-64a24451f5ec
|
[
"john.arnold@enron.com"
] |
[] |
Mon, 22 May 2000 00:33:00 -0700 (PDT)
|
Jeff:
Sorry for my cryptic answer in regards to the LNG deal on Friday; I was a bit
confused by the question.
In terms of the gas pricing, this is a deal that should be done. Market
conditions are very conducive to hedging a fair amount of the gas.
Obviously, a deal this size would require Enron to wear a considerable amount
of the risk in the short term, but the risk-reward of the position looks very
favorable.
I am certainly willing to sign off on this deal around the $3.00 level.
John
|
Jarnold.nsf
|
[] | 132 | 0 |
arnold-j
|
||
359.
|
5f33a298-387c-4923-b259-37354a83eff3
|
[
"john.arnold@enron.com"
] |
[
"andy.zipper@enron.com"
] |
Sun, 16 Apr 2000 06:50:00 -0700 (PDT)
|
Re: options
|
Andy:
The problem if we limit the size on options to being what size is offered on
the swap hedge, we will not be able to offer adequate size on the options.
Optimally, I think we want to offer a minimum size of 100 across all
strikes. If the swap is 4/4.5, one a day up, and someone buys half a day,
making the market, 4/4.5 one a day by half a day, the size offered on a 10
cent out of the money call might be as low as 30 contracts, a much smaller
size than most people want to trade. If we restrict to strikes with a lower
delta, we face the problem of not offering enough strikes and not making a
market in options that have open EOL interest that have moved closer to the
money.
Maybe the answer is to assume the swap hedge to be a penny wide two way
wrapped around the EOL swap mid market. Thus if the front swap on EOL is
4/4.5 one a day by half a day, the input into the option calculator is
3.75/4.75, 100 up. In this case I think 100 is necessary because once a
strike has open interest, we must continue to support it. Thus I anticipate
having to make markets in deep itm options as the market moves.
In terms of straddle strikes, I think the edge received from buying straddles
struck on the EOL offer and vice-versa is not big enough to compensate for
what I think the industry will view as a scam and another way Enron is trying
to rip people off. Although striking on the mid-market is probably easier
for the trader, I actually think striking in five cent increments makes more
sense. It allows people to trade out of the position on EOL. Whereas if
someone buys the 3085 straddle and the market moves to 3200, they have to
call ENE to close the trade. If the trade is struck at 3100, we will have a
market on both the 3100 call and put at all times. Secondly, I would
anticipate non-volatility driven option traders may elect to sell either just
the put or call in this scenario depending on their view of market direction.
|
Jarnold.nsf
|
[] | 524 | 0 |
arnold-j
|
|
36.
|
1c6973ec-7c45-4ba5-b6a0-2defed5a0c21
|
[
"john.arnold@enron.com"
] |
[
"slafontaine@globalp.com"
] |
Tue, 21 Nov 2000 13:16:00 -0800 (PST)
|
re:mkts
|
Hey:
Haven't had the best of months. Like you had some good positions but others
wiped out everything. Unbelievable how the whole curve moves as one for 6
months and then separates completely. The z/f/g and f/g/h flies are
amazing. Something definitely out of whack. Hard to believe cash in Z will
be cantango to F and front spread, F/G, will be 40. Spreads definitely
implying we will see some $10+ prints on daily cash at the hub this winter.
Hell, already seeing it in the West. The system is just broken there.
interesting to see if it is a sign of what can come in the east later.
definitely more flexibility in the east so the blowouts won't occur until
latter part of the winter. the inelasticity of demand continues to be
unbelievable. who would have thunk it. Gas can be 3 times what it was one
year ago and not a significant loss of demand.
market definitely trained to buy the dips at this point. continues to be a
very trending market. most days finish on the intraday high or low.
Pira told the boys to hedge jv and cal 2 and the impact has been
significant. i quote bids on term strips 5 times a day. understand they
are changing their view somewhat tomorrow. wait and see if it relieves some
back pressure. very surprised at lack of spec long interest in jv at 4.5
considering the scenario that's being painted.
|
slafontaine@globalp.com on 11/21/2000 01:06:40 PM
To: jarnold@enron.com
cc:
Subject: re:mkts
johnny, hope things re treating you well. this month has been frustrating for
me-generally caught many mkt moves but had 2 postions that nearly cancelled
all
the rest. im finding it really really hard to assess risk now in oil and gas
therefore im taking a step back esp in front of holidays and year end. was
long
mar gas vs backs which worked great but i took profits waayyy too early
flat px i think is pretty clear-if weather stays normal to below we keep a
flaoor at 5.80-6.00 bucks for another 40 days at least. if we have sustained
aboves we drop like a rock in part due to back en d pressure.
but spreads-what the hell do we do with em?????????? was just saying to
mark
silverman there is a huge opportunity here staring us in the face but i hve no
idea what it is-i have equal arguements for why sprds shud fall or move out.
any
great insites? hope all is well and enjoy the long weeknd-we both deserve it.
guess the curve will stop blowing out when/if we see the back end selling
dry
up??
|
Jarnold.nsf
|
[] | 377 | 317 |
arnold-j
|
360.
|
06edbbd8-0d8d-4ea9-9451-dcb3aeb04a90
|
[
"john.arnold@enron.com"
] |
[
"andy.zipper@enron.com"
] |
Fri, 14 Apr 2000 08:34:00 -0700 (PDT)
|
Re: options
|
Andy:
Just a couple of quick items that need to be addressed. First, what happens
if the delta of the option is greater than the size of the hedge offered on
EOL? Second, what strike are straddles traded at. Are they set at the
nearest 5 cent interval or are they mid-market of the EOL quote?
|
Jarnold.nsf
|
[] | 80 | 0 |
arnold-j
|
|
361.
|
5f89c871-6944-4104-aadc-360a51d612c0
|
[
"john.arnold@enron.com"
] |
[
"jennifer.burns@enron.com"
] |
Thu, 13 Apr 2000 04:36:00 -0700 (PDT)
|
Thanks for taking me in last night. Sorry about being drunk and stinky.
My cab, that we called at 6:10, showed up at 7:02. I was so pissed.
|
Jarnold.nsf
|
[] | 44 | 0 |
arnold-j
|
||
362.
|
46d7ca71-5cef-4db7-850f-354228020a17
|
[
"john.arnold@enron.com"
] |
[
"dutch.quigley@enron.com"
] |
Tue, 11 Apr 2000 10:16:00 -0700 (PDT)
|
Dutch:
The increase in position and subsequent position limit violation was due to
two factors. First, a long position was moved into the long-term exotics
book due to the nature of the position. I am currently using the ltx to hold
longer-term strategic positions. The large increase in position is a
reflection of my view of the market.
Second, a large customer transaction originated by Fred Lagrasta's group was
transacted at the end of the day Monday and was not able to be hedged until
this morning. Hence a large position increase occurred for yesterday's
position and a corresponding decrease occurred today.
John
|
Jarnold.nsf
|
[] | 148 | 0 |
arnold-j
|
||
366.
|
1e2633a8-a356-4478-a36e-a215600cdb52
|
[
"john.arnold@enron.com"
] |
[
"liz.taylor@enron.com"
] |
Thu, 6 Apr 2000 06:47:00 -0700 (PDT)
|
Hey:
Any good set of 4 available for Sunday's game
|
Jarnold.nsf
|
[] | 13 | 0 |
arnold-j
|
||
367.
|
6e266f82-af31-4fa2-9a67-441f70729630
|
[
"john.arnold@enron.com"
] |
[
"jennifer.burns@enron.com"
] |
Thu, 6 Apr 2000 06:43:00 -0700 (PDT)
|
Re:
|
are you sure...have you ever been to bon coupe before
don't knock it till tou try it
|
Jarnold.nsf
|
[] | 22 | 0 |
arnold-j
|
|
368.
|
bb95be2e-6dad-42bb-aba4-0a1a682588af
|
[
"john.arnold@enron.com"
] |
[
"jennifer.burns@enron.com"
] |
Thu, 6 Apr 2000 06:05:00 -0700 (PDT)
|
Re:
|
2 options:
Either we leave from work and you watch me get a haircut for 20 minutes or...
I pick you up around 6:30...
|
Jarnold.nsf
|
[] | 31 | 0 |
arnold-j
|
|
369.
|
6d417a35-6c70-4484-8221-d34d1d3ed46f
|
[
"john.arnold@enron.com"
] |
[
"jennifer.burns@enron.com"
] |
Thu, 6 Apr 2000 05:08:00 -0700 (PDT)
|
Hello...
Despite my thoughts, you like baseball. So the question is do you like art
(as in musuems) ?
I'm leaning towards yes but don't know for sure.
|
Jarnold.nsf
|
[] | 46 | 0 |
arnold-j
|
||
37.
|
600b0347-c0a2-4464-95d4-df3ca884fb3b
|
[
"john.arnold@enron.com"
] |
[
"jenwhite7@zdnetonebox.com"
] |
Tue, 21 Nov 2000 06:33:00 -0800 (PST)
|
Re: NY
|
Hello:
It is the Blue Men Group. Two friends highly recommend it. It's in the
Astor Theatre on Lafayette in the Village.
43rd should be good. I think you woul dhave had more flavor in Harlem though
|
"Jennifer White" <jenwhite7@zdnetonebox.com> on 11/21/2000 01:54:16 PM
To: john.arnold@enron.com
cc:
Subject: NY
I've been tasked with getting tickets to a show. Was it 'Blue Men Group'
that you recommended we see? And Michelle lives on W43rd, so it's not
as bad as you thought.
___________________________________________________________________
To get your own FREE ZDNet Onebox - FREE voicemail, email, and fax,
all in one place - sign up today at http://www.zdnetonebox.com
|
Jarnold.nsf
|
[] | 54 | 144 |
arnold-j
|
370.
|
bdcd4390-e241-4099-8269-902bbc09c4a5
|
[
"john.arnold@enron.com"
] |
[
"tara.sweitzer@enron.com"
] |
Wed, 5 Apr 2000 01:48:00 -0700 (PDT)
|
Please approve Larry May for a trader id on EOL for "pipe options" book for
US gas.
Thanks,
John
3-3230
|
Jarnold.nsf
|
[] | 33 | 0 |
arnold-j
|
||
371.
|
a3ddb5c9-b7d1-4352-b4fb-59597f08d92f
|
[
"john.arnold@enron.com"
] |
[
"sandra.vu@enron.com"
] |
Wed, 5 Apr 2000 00:40:00 -0700 (PDT)
|
Re: Nymex NG Swaps
|
Andy:
This past weekend we released a new version of the EOL software that,
unfortunately, had a bug. The effect was to lengthen the time delay between
numbers changing and when they would show up on the internet to an
unacceptable level that increased the number of failed trades. We made the
decision to take some of the more volatile products temporarily offline until
the fix could be made. I do not anticipate this to be a concern going
forward. Thanks for the feedback.
John Arnold
|
Jarnold.nsf
|
[] | 119 | 0 |
arnold-j
|
|
372.
|
afc23485-6375-460f-9e9b-b712b5faf864
|
[
"john.arnold@enron.com"
] |
[] |
Wed, 5 Apr 2000 00:33:00 -0700 (PDT)
|
re: New Computer
|
Please approve.
|
---------------------- Forwarded by John Arnold/HOU/ECT on 04/05/2000 07:32
AM ---------------------------
Larry May@ENRON
04/04/2000 10:10 AM
To: John Arnold/HOU/ECT@ECT
cc:
Subject: re: New Computer
John, could you forward this message with your approval to Enron IT
Purchasing.
Would you please order a new computer for :
Larry May
Company # 413
rc# 0235
Location 3221c
As discussed with Hank Zhang, I would like to order a SP700 with 512 mbytes
RAM
Thnks
Larry May
3 6731
|
Jarnold.nsf
|
[] | 3 | 156 |
arnold-j
|
375.
|
632d64fc-1e43-41ad-947d-dd083da55df8
|
[
"john.arnold@enron.com"
] |
[
"john.lavorato@enron.com",
"mike.maggi@enron.com",
"jeffrey.shankman@enron.com"
] |
Wed, 29 Mar 2000 11:22:00 -0800 (PST)
|
New curve generation methodology
|
I am changing the way the curve is generated starting in Jan 2004 to better
replicate seasonal fundamentals. There are convincing arguments as to why
the summer/winter spreads should tighten over time. However, in the previous
methodology they blew out. For instance summer/winter in Cal 3 was .232
while Cal 10 was .256.
I have added a seasonality dampening function that both contracts the
summer/winter spread and applies a premium to the electric load demand months
of July and August over time.
The formula for the curve remains the same except for a premium lookup for
the month as well as for the year. These premiums are as follows:
Jan -.008
Feb -.004
Mar -.001
Apr .002
May .003
Jun .004
Jul .004
Aug .004
Sep .003
Oct .002
Nov -.003
Dec -.006
These premiums start in Jan 2004
On Wednesday Jan 2003 settled 2.959, the 3/4 spread was marked at .0375, the
4/5 spread was marked at .0475.
In the old methodology
Jan 2003 = 2.959
Jan 2004 = 2.959 + .0375 = 2.9965
Jan 2005 = 2.9965 + .0475 = 3.044
In the new methodology
Jan 2003 = 2.959
Jan 2004 = 2.959 + .0375 - .008 =2.9885
Jan 2005 = 2.9885 + .0475 -.008 = 3.028
The only change in the formula is
|
from:
Month x = Month (x- 1 year) + lookup on year on year table
to
Month x = Month (x- 1 year) + lookup on year on year table + lookup on month
premium table
The seasonality premiums will change over time and I will let you know when I
change them
|
Jarnold.nsf
|
[] | 379 | 71 |
arnold-j
|
378.
|
fbd1db12-282b-4f74-9dd0-72c08e9f2754
|
[
"john.arnold@enron.com"
] |
[
"jennifer.burns@enron.com"
] |
Wed, 29 Mar 2000 06:31:00 -0800 (PST)
|
My brother was coming back from London to go so I went out and paid a fortune
from a scalper for two....
I really do appreciate it though..
|
Jarnold.nsf
|
[] | 35 | 0 |
arnold-j
|
||
379.
|
09ada23d-82c8-4e2f-b41c-9285c694404a
|
[
"john.arnold@enron.com"
] |
[
"matthew.arnold@enron.com"
] |
Tue, 28 Mar 2000 03:34:00 -0800 (PST)
|
Re:
|
club seats extra wide extra leg room extra waitresses
|
Jarnold.nsf
|
[] | 11 | 0 |
arnold-j
|
|
38.
|
c5c9e1a1-059c-465b-99bc-fea0dbaa8d4b
|
[
"john.arnold@enron.com"
] |
[
"kathie.grabstald@enron.com"
] |
Mon, 20 Nov 2000 07:57:00 -0800 (PST)
|
Re: ENSIDE Newsletter
|
I'm always here so just coordinate with my assistant, Ina Rangle. Thanks,
John
Kathie Grabstald
|
11/20/2000 02:32 PM
To: John Arnold/HOU/ECT@ECT
cc:
Subject: ENSIDE Newsletter
Good Afternoon, John!
Thanks for agreeing to be one of the Profile articles in the next issue of
the ENSIDE. Michelle Vitrella assured me that you would be an interesting
topic! Our newsletter is set for publication in February and I am setting my
interview schedule now. I would love to sit down and visit with you for
about 30 minutes in the early part of December. Please let me know a day and
time that is convenient for you.
I look forward to hearing from you!
Kathie Grabstald
ENA Public Relations
x 3-9610
|
Jarnold.nsf
|
[] | 31 | 169 |
arnold-j
|
383.
|
5d48e053-f3be-4606-973f-3480306c9b9a
|
[
"john.arnold@enron.com"
] |
[
"matthew.arnold@enron.com"
] |
Sun, 26 Mar 2000 23:54:00 -0800 (PST)
|
lyle lovett national anthem
nolan ryan first pitch
dwight gooden first real pitch
|
Jarnold.nsf
|
[] | 24 | 0 |
arnold-j
|
||
384.
|
c1839bcc-bf12-4aaf-b7f6-5b3043f24713
|
[
"john.arnold@enron.com"
] |
[
"dperwin@aol.com"
] |
Sun, 26 Mar 2000 23:50:00 -0800 (PST)
|
Hello:
I just wanted to arrange to meet for the Astros tickets.
I work and live downtown.
My cell phone number is 713-557-3330.
Thanks,
John
|
Jarnold.nsf
|
[] | 45 | 0 |
arnold-j
|
||
385.
|
016e4e67-a573-431b-9662-d03c6a21e7c3
|
[
"john.arnold@enron.com"
] |
[
"matthew.arnold@enron.com"
] |
Sun, 26 Mar 2000 23:37:00 -0800 (PST)
|
Re:
|
i just had the whole it staff up here.
I just got two good tickets to Thursday's Astros/Yankees game
|
Jarnold.nsf
|
[] | 26 | 0 |
arnold-j
|
|
387.
|
1fb7bab0-7554-436a-a74f-b88744e141bf
|
[
"john.arnold@enron.com"
] |
[
"jennifer.burns@enron.com"
] |
Thu, 16 Mar 2000 06:22:00 -0800 (PST)
|
Hey :
Just wanted to see if you're doing anything tonight...
Any interest in getting dinner?
John
|
Jarnold.nsf
|
[] | 23 | 0 |
arnold-j
|
||
388.
|
aed28199-fa5b-487d-b0f9-038d44e46336
|
[
"john.arnold@enron.com"
] |
[
"michael.corbally@enron.com"
] |
Thu, 2 Mar 2000 09:30:00 -0800 (PST)
|
Re: Enron Online
|
Please grant Steven Vu execution privileges on EOL
John Arnold
|
Jarnold.nsf
|
[] | 12 | 0 |
arnold-j
|
|
389.
|
0a1a8f0f-af36-4590-a303-afee270c918a
|
[
"john.arnold@enron.com"
] |
[
"tara.sweitzer@enron.com"
] |
Thu, 2 Mar 2000 09:26:00 -0800 (PST)
|
Re: EnronOnline Approval Access Request
|
Pleas approve Tricia's request to become an authorized EOL trader
|
Jarnold.nsf
|
[] | 15 | 0 |
arnold-j
|
|
39.
|
8d511e42-8fd6-49c2-863f-bca7cba69480
|
[
"john.arnold@enron.com"
] |
[
"ksmalek@aep.com"
] |
Mon, 20 Nov 2000 06:27:00 -0800 (PST)
|
Re: Cal02
|
isn't market making on electronic systems fun???
|
ksmalek@aep.com on 11/20/2000 01:17:35 PM
To: John.arnold@enron.com
cc:
Subject: Cal02
I cant go take a pee w/o you sneaking up on me on ICE, ICE BABY.
|
Jarnold.nsf
|
[] | 10 | 66 |
arnold-j
|
393.
|
03d90c48-05de-4ddf-8060-479326650fdb
|
[
"john.arnold@enron.com"
] |
[
"msagel@home.com"
] |
Mon, 14 May 2001 00:33:00 -0700 (PDT)
|
Re: Natural gas update
|
mark:
what are your thoughts on crude and gasoline?
|
"Mark Sagel" <msagel@home.com> on 05/13/2001 09:23:02 PM
To: "John Arnold" <jarnold@enron.com>
cc:
Subject: Natural gas update
Latest natural report
- ng051301.doc
|
Jarnold.nsf
|
[] | 12 | 68 |
arnold-j
|
394.
|
c9e12514-8b5b-42ce-9b78-5bee553e70e6
|
[
"john.arnold@enron.com"
] |
[
"steve.lafontaine@bankofamerica.com"
] |
Sun, 13 May 2001 10:33:00 -0700 (PDT)
|
Re:
|
most bullish thing at this point is moving closer to everyone's
psychological $4 price target and that everybody and their dog is still
short. next sellers need to be from producer community. saw a little this
week with williams hedging the barrett transaction but wouldnt say thats
indicative of the rest of the e&p community. short covering rallies will
get more common here. velocity of move down has slowed significantly for
good (except maybe in bid week). my concern is if we go to $4 and people
want to cover some shorts, who's selling it to them? might feel a lot like
it did when we were trying to break $5.
|
Jarnold.nsf
|
[] | 148 | 0 |
arnold-j
|
|
395.
|
249c5ec1-8526-4968-8c21-9627352fca9a
|
[
"john.arnold@enron.com"
] |
[
"stevelafontaine@bankofamerica.com"
] |
Sun, 13 May 2001 10:30:00 -0700 (PDT)
|
most bullish thing at this point is moving closer to everyone's
psychological $4 price target and that everybody and their dog is still
short. next sellers need to be from producer community. saw a little this
week with williams hedging the barrett transaction but wouldnt say thats
indicative of the rest of the e&p community. short covering rallies will
get more common here. velocity of move down has slowed significantly for
good (except maybe in bid week). my concern is if we go to $4 and people
want to cover some shorts, who's selling it to them? might feel a lot like
it did when we were trying to break $5.
|
Jarnold.nsf
|
[] | 148 | 0 |
arnold-j
|
||
396.
|
e2db1912-649c-41c8-b844-681a09fe46d9
|
[
"john.arnold@enron.com"
] |
[
"epao@mba2002.hbs.edu"
] |
Sun, 13 May 2001 10:12:00 -0700 (PDT)
|
RE: waiting
|
yea
|
"Eva Pao" <epao@mba2002.hbs.edu> on 05/13/2001 03:50:42 PM
Please respond to <epao@mba2002.hbs.edu>
To: <John.Arnold@enron.com>
cc:
Subject: RE: waiting
nevermind. are you at work?
-----Original Message-----
From: John.Arnold@enron.com [mailto:John.Arnold@enron.com]
Sent: Sunday, May 13, 2001 5:42 PM
To: epao@mba2002.hbs.edu
Subject: RE: waiting
huh?
"Eva Pao" <epao@mba2002.hbs.edu> on 05/13/2001 03:32:22 PM
Please respond to <epao@mba2002.hbs.edu>
To: <John.Arnold@enron.com>
cc:
Subject: RE: waiting
No english? i got the math.
-----Original Message-----
From: John.Arnold@enron.com [mailto:John.Arnold@enron.com]
Sent: Sunday, May 13, 2001 5:24 PM
To: epao@mba2002.hbs.edu
Subject: RE: waiting
probability *
payout =
1 heads .5 0 = 0
tails 2 heads .25 1
= .25
tails 3 heads .125 2
= .25
tails 4 heads .0625 4
= .25
tails 5 heads .03125 8
= .25
"Eva Pao" <epao@mba2002.hbs.edu> on 05/13/2001 03:23:47 PM
Please respond to <epao@mba2002.hbs.edu>
To: <John.Arnold@enron.com>
cc:
Subject: RE: waiting
which game is that?
-----Original Message-----
From: John.Arnold@enron.com [mailto:John.Arnold@enron.com]
Sent: Sunday, May 13, 2001 5:16 PM
To: epao@mba2002.hbs.edu
Subject: Re: waiting
Expected value of game = 1/2 * 0 + 1/4 * 1 + 1/8 *2 + 1/16 *4 +1/32 *
8+....
= 0 +.25 +.25 +.25 +.25 +...
= infinity
"Eva Pao" <epao@mba2002.hbs.edu> on 05/13/2001 03:11:46 PM
Please respond to <epao@mba2002.hbs.edu>
To: <John.Arnold@enron.com>
cc:
Subject: waiting
-----Original Message-----
From: John.Arnold@enron.com [mailto:John.Arnold@enron.com]
Sent: Sunday, May 13, 2001 4:37 PM
To: epao@mba2002.hbs.edu
Subject: Re: Extra credit
rules to a game:
You flip a coin. If you get tails you win 0. if you get heads, i give you
$1. Keep flipping until you get a tails, at which point you walk away with
the money. however, each heads you get after the first you double your
money. So if you flip heads 3 times and then tails, you get $4. What's
you bid/offer on playing this game? (would you pay $.5 to play? $1? $2?
what you charge me play against you?)
|
Jarnold.nsf
|
[] | 2 | 1,233 |
arnold-j
|
397.
|
6685886b-30ac-4c9d-9b15-bc773ad4a7f1
|
[
"john.arnold@enron.com"
] |
[
"stevelafontaine@bankofamerica.com"
] |
Sun, 13 May 2001 10:08:00 -0700 (PDT)
|
most bullish thing at this point is moving closer to everyone's
psychological $4 price target and that everybody and their dog is still
short. next sellers need to be from producer community. saw a little this
week with williams hedging the barrett transaction but wouldnt say thats
indicative of the rest of the e&p community. short covering rallies will
get more common here. velocity of move down has slowed significantly for
good (except maybe in bid week). my concern is if we go to $4 and people
want to cover some shorts, who's selling it to them? might feel a lot like
it did when we were trying to break $5.
|
Jarnold.nsf
|
[] | 148 | 0 |
arnold-j
|
||
398.
|
fdf10222-2b82-4b93-aeec-8d857ea74442
|
[
"john.arnold@enron.com"
] |
[
"epao@mba2002.hbs.edu"
] |
Sun, 13 May 2001 09:42:00 -0700 (PDT)
|
RE: waiting
|
huh?
|
"Eva Pao" <epao@mba2002.hbs.edu> on 05/13/2001 03:32:22 PM
Please respond to <epao@mba2002.hbs.edu>
To: <John.Arnold@enron.com>
cc:
Subject: RE: waiting
No english? i got the math.
-----Original Message-----
From: John.Arnold@enron.com [mailto:John.Arnold@enron.com]
Sent: Sunday, May 13, 2001 5:24 PM
To: epao@mba2002.hbs.edu
Subject: RE: waiting
probability *
payout =
1 heads .5 0 = 0
tails 2 heads .25 1
= .25
tails 3 heads .125 2
= .25
tails 4 heads .0625 4
= .25
tails 5 heads .03125 8
= .25
"Eva Pao" <epao@mba2002.hbs.edu> on 05/13/2001 03:23:47 PM
Please respond to <epao@mba2002.hbs.edu>
To: <John.Arnold@enron.com>
cc:
Subject: RE: waiting
which game is that?
-----Original Message-----
From: John.Arnold@enron.com [mailto:John.Arnold@enron.com]
Sent: Sunday, May 13, 2001 5:16 PM
To: epao@mba2002.hbs.edu
Subject: Re: waiting
Expected value of game = 1/2 * 0 + 1/4 * 1 + 1/8 *2 + 1/16 *4 +1/32 *
8+....
= 0 +.25 +.25 +.25 +.25 +...
= infinity
"Eva Pao" <epao@mba2002.hbs.edu> on 05/13/2001 03:11:46 PM
Please respond to <epao@mba2002.hbs.edu>
To: <John.Arnold@enron.com>
cc:
Subject: waiting
-----Original Message-----
From: John.Arnold@enron.com [mailto:John.Arnold@enron.com]
Sent: Sunday, May 13, 2001 4:37 PM
To: epao@mba2002.hbs.edu
Subject: Re: Extra credit
rules to a game:
You flip a coin. If you get tails you win 0. if you get heads, i give you
$1. Keep flipping until you get a tails, at which point you walk away with
the money. however, each heads you get after the first you double your
money. So if you flip heads 3 times and then tails, you get $4. What's
you bid/offer on playing this game? (would you pay $.5 to play? $1? $2?
what you charge me play against you?)
|
Jarnold.nsf
|
[] | 3 | 1,070 |
arnold-j
|
399.
|
3c63dc05-f903-4643-b9fa-9f19574f08bf
|
[
"john.arnold@enron.com"
] |
[
"lafontaine@bankofamerica.com"
] |
Sun, 13 May 2001 09:41:00 -0700 (PDT)
|
most bullish thing at this point is moving closer to everyone's psychological
$4 price target and that everybody and their dog is still short. next
sellers need to be from producer community. saw a little this week with
williams hedging the barrett transaction but wouldnt say thats indicative of
the rest of the e&p community. short covering rallies will get more common
here. velocity of move down has slowed significantly for good (except maybe
in bid week). my concern is if we go to $4 and people want to cover some
shorts, who's selling it to them? might feel a lot like it did when we were
trying to break $5.
|
Jarnold.nsf
|
[] | 157 | 0 |
arnold-j
|
||
4.
|
e48d892d-eba4-405b-9c5c-6e5828ad4077
|
[
"john.arnold@enron.com"
] |
[
"sarah.wesner@enron.com"
] |
Tue, 12 Dec 2000 09:17:00 -0800 (PST)
|
Re: EDF trades switched to ABN
|
come by whenever
|
Sarah Wesner@ENRON
12/12/2000 01:31 PM
To: John Arnold/HOU/ECT@ECT
cc:
Subject: EDF trades switched to ABN
John - I need to talk to you about this, are you free today? Sarah
|
Jarnold.nsf
|
[] | 3 | 62 |
arnold-j
|
400.
|
d63a855e-06c0-41a0-b770-78d4c8d0e0b5
|
[
"john.arnold@enron.com"
] |
[
"epao@mba2002.hbs.edu"
] |
Sun, 13 May 2001 09:25:00 -0700 (PDT)
|
Re: Defense
|
don't make me type the math on the computer pooks
|
"Eva Pao" <epao@mba2002.hbs.edu> on 05/13/2001 03:05:12 PM
Please respond to <epao@mba2002.hbs.edu>
To: <John.Arnold@enron.com>
cc:
Subject: Defense
What's your defense for you bid 0 for the company? Why was the info
assymetry at 100%???
-----Original Message-----
From: John.Arnold@enron.com [mailto:John.Arnold@enron.com]
Sent: Sunday, May 13, 2001 4:54 PM
To: epao@mba2002.hbs.edu
Subject: RE: Extra credit
have you taken any finance courses yet? what's good?
|
Jarnold.nsf
|
[] | 12 | 179 |
arnold-j
|
401.
|
e39fd533-3a1a-4fb3-87a4-85b0a03f9206
|
[
"john.arnold@enron.com"
] |
[
"epao@mba2002.hbs.edu"
] |
Sun, 13 May 2001 09:23:00 -0700 (PDT)
|
RE: waiting
|
probability * payout =
1 heads .5 0 = 0
tails 2 heads .25 1 = .25
tails 3 heads .125 2 = .25
tails 4 heads .0625 4 = .25
tails 5 heads .03125 8 = .25
|
"Eva Pao" <epao@mba2002.hbs.edu> on 05/13/2001 03:23:47 PM
Please respond to <epao@mba2002.hbs.edu>
To: <John.Arnold@enron.com>
cc:
Subject: RE: waiting
which game is that?
-----Original Message-----
From: John.Arnold@enron.com [mailto:John.Arnold@enron.com]
Sent: Sunday, May 13, 2001 5:16 PM
To: epao@mba2002.hbs.edu
Subject: Re: waiting
Expected value of game = 1/2 * 0 + 1/4 * 1 + 1/8 *2 + 1/16 *4 +1/32 *
8+....
= 0 +.25 +.25 +.25 +.25 +...
= infinity
"Eva Pao" <epao@mba2002.hbs.edu> on 05/13/2001 03:11:46 PM
Please respond to <epao@mba2002.hbs.edu>
To: <John.Arnold@enron.com>
cc:
Subject: waiting
-----Original Message-----
From: John.Arnold@enron.com [mailto:John.Arnold@enron.com]
Sent: Sunday, May 13, 2001 4:37 PM
To: epao@mba2002.hbs.edu
Subject: Re: Extra credit
rules to a game:
You flip a coin. If you get tails you win 0. if you get heads, i give you
$1. Keep flipping until you get a tails, at which point you walk away with
the money. however, each heads you get after the first you double your
money. So if you flip heads 3 times and then tails, you get $4. What's
you bid/offer on playing this game? (would you pay $.5 to play? $1? $2?
what you charge me play against you?)
|
Jarnold.nsf
|
[] | 112 | 546 |
arnold-j
|
402.
|
2e1a8baa-04f7-4c88-8b7f-e952f2769d05
|
[
"john.arnold@enron.com"
] |
[
"epao@mba2002.hbs.edu"
] |
Sun, 13 May 2001 09:16:00 -0700 (PDT)
|
RE: Extra credit
|
i think it's 100
|
"Eva Pao" <epao@mba2002.hbs.edu> on 05/13/2001 03:01:23 PM
Please respond to <epao@mba2002.hbs.edu>
To: <John.Arnold@enron.com>
cc:
Subject: RE: Extra credit
fill in
$ ____2_ per/share
-----Original Message-----
From: John.Arnold@enron.com [mailto:John.Arnold@enron.com]
Sent: Sunday, May 13, 2001 4:54 PM
To: epao@mba2002.hbs.edu
Subject: RE: Extra credit
fill in
$ _____ per/share
"Eva Pao" <epao@mba2002.hbs.edu> on 05/13/2001 02:39:23 PM
Please respond to <epao@mba2002.hbs.edu>
To: <John.Arnold@enron.com>
cc:
Subject: RE: Extra credit
what's my bid for what??
ps
don't no crap me.
-----Original Message-----
From: John.Arnold@enron.com [mailto:John.Arnold@enron.com]
Sent: Sunday, May 13, 2001 4:30 PM
To: epao@mba2002.hbs.edu
Subject: Re: Extra credit
no crap, what's your bid?
"Eva Pao" <epao@mba2002.hbs.edu> on 05/13/2001 12:48:23 AM
Please respond to <epao@mba2002.hbs.edu>
To: <John.Arnold@enron.com>
cc:
Subject: Extra credit
break even on info ass-symetry is 100%, any project above that level is
profitable to Pooks&Co.
-----Original Message-----
From: John.Arnold@enron.com [mailto:John.Arnold@enron.com]
Sent: Sunday, May 13, 2001 1:04 AM
To: epao@mba2002.hbs.edu
Subject: RE: try this one...
For extra credit....
If the company is worth 150% more under management A rather than 50% more,
does your answer change?
"Eva Pao" <epao@mba2002.hbs.edu> on 05/11/2001 05:13:59 PM
Please respond to <epao@mba2002.hbs.edu>
To: <John.Arnold@enron.com>
cc:
Subject: RE: try this one...
will you do all of my homework?
-----Original Message-----
From: John.Arnold@enron.com [mailto:John.Arnold@enron.com]
Sent: Friday, May 11, 2001 8:41 AM
To: epao@mba2002.hbs.edu
Subject: Re: try this one...
i'll pay a grand total of 0
"Eva Pao" <epao@mba2002.hbs.edu> on 05/10/2001 05:15:59 PM
Please respond to <epao@mba2002.hbs.edu>
To: <jarnold@enron.com>
cc:
Subject: try this one...
Please read the following problem very carefully, and write in a number at
the end. You should be ready to defend your answer. Only a number is
allowed, not an algebraic equation.
Acquiring a Company
In the following exercise you will represent Company A (the acquirer),
which is currently considering acquiring Company T (the target) by means of
a tender offer. You plan to tender in cash for 100% of Company T's shares
but are unsure how high a price to offer. The main complication is this:
the value of Company T depends directly on the outcome of a major oil
exploration project it is currently undertaking. Indeed, the very
viability
of Company T depends on the exploration outcome. If the project fails, the
company under current management will be worth nothing--$0/share. But if
the project succeeds, the value of the company under current management
could be as high as $100/share. All share values between $0 and $100 are
considered equally likely. By all estimates, the company will be worth
considerably more in the hands of Company A than under current management.
In fact, whatever the ultimate value under current management, the company
will be worth fifty percent more under the management of A than under
Company T. If the project fails, the company is worth $0/share under
either
management. If the exploration project generates a $50/share value under
current management, the value under Company A is $75/share. Similarly, a
$100/share value under Company T implies a $150/share value under Company
A,
and so on.
The board of directors of Company A has asked you to determine the
price
they should offer for Company T's shares. This offer must be made now,
before the outcome of the drilling project is known. From all indications,
Company T would be happy to be acquired by Company A, provided it is at a
profitable price. Moreover, Company T wishes to avoid, at all cost, the
potential of a takeover bid by any other firm. You expect Company T to
delay a decision on your bid until the results of the project are in, then
accept or reject your offer before the news of the drilling results reaches
the press.
Thus, you (Company A) will not know the results of the exploration
project
when submitting your price offer, but Company T will know the results when
deciding whether or not to accept your offer. In addition, Company T will
accept any offer by Company A that is greater than the (per share) value of
the company under current management. Thus, if you offer $50/share, for
instance, Company T will accept if the value of the company to Company T is
anything less than $50.
As the representative of Company A, you are deliberating over price
offers
in the range of $0/share (this is tantamount to making no offer at all) to
$150/share. What price offer per share would you tender for Company T's
stock?
$______ per/share
|
Jarnold.nsf
|
[] | 5 | 1,503 |
arnold-j
|
403.
|
bb3c3a5b-6015-49ae-ac3e-ff59fa6ddf0f
|
[
"john.arnold@enron.com"
] |
[
"epao@mba2002.hbs.edu"
] |
Sun, 13 May 2001 09:16:00 -0700 (PDT)
|
Re: waiting
|
Expected value of game = 1/2 * 0 + 1/4 * 1 + 1/8 *2 + 1/16 *4 +1/32 * 8+....
= 0 +.25 +.25 +.25 +.25 +...
= infinity
|
"Eva Pao" <epao@mba2002.hbs.edu> on 05/13/2001 03:11:46 PM
Please respond to <epao@mba2002.hbs.edu>
To: <John.Arnold@enron.com>
cc:
Subject: waiting
-----Original Message-----
From: John.Arnold@enron.com [mailto:John.Arnold@enron.com]
Sent: Sunday, May 13, 2001 4:37 PM
To: epao@mba2002.hbs.edu
Subject: Re: Extra credit
rules to a game:
You flip a coin. If you get tails you win 0. if you get heads, i give you
$1. Keep flipping until you get a tails, at which point you walk away with
the money. however, each heads you get after the first you double your
money. So if you flip heads 3 times and then tails, you get $4. What's
you bid/offer on playing this game? (would you pay $.5 to play? $1? $2?
what you charge me play against you?)
|
Jarnold.nsf
|
[] | 77 | 267 |
arnold-j
|
404.
|
7e28e7d7-cc79-461a-b680-7e7d5737e335
|
[
"john.arnold@enron.com"
] |
[
"epao@mba2002.hbs.edu"
] |
Sun, 13 May 2001 09:00:00 -0700 (PDT)
|
Re: Constellation
|
i think its a jv with the trading side mostly staffed by goldman folks
|
"Eva Pao" <epao@mba2002.hbs.edu> on 05/13/2001 03:06:01 PM
Please respond to <epao@mba2002.hbs.edu>
To: <John.Arnold@enron.com>
cc:
Subject: Constellation
so, its a goldman co, but it also controls Duquesne and BGE?
-----Original Message-----
From: John.Arnold@enron.com [mailto:John.Arnold@enron.com]
Sent: Sunday, May 13, 2001 4:58 PM
To: epao@mba2002.hbs.edu
Subject: RE: Extra credit
yes
"Eva Pao" <epao@mba2002.hbs.edu> on 05/13/2001 03:03:17 PM
Please respond to <epao@mba2002.hbs.edu>
To: <John.Arnold@enron.com>
cc:
Subject: RE: Extra credit
is constellation energy a goldman company?
-----Original Message-----
From: John.Arnold@enron.com [mailto:John.Arnold@enron.com]
Sent: Sunday, May 13, 2001 4:55 PM
To: epao@mba2002.hbs.edu
Subject: RE: Extra credit
me thinks you missed a 9
"Eva Pao" <epao@mba2002.hbs.edu> on 05/13/2001 02:58:28 PM
Please respond to <epao@mba2002.hbs.edu>
To: <John.Arnold@enron.com>
cc:
Subject: RE: Extra credit
1.99999999999999999999999999999999999
-----Original Message-----
From: John.Arnold@enron.com [mailto:John.Arnold@enron.com]
Sent: Sunday, May 13, 2001 4:37 PM
To: epao@mba2002.hbs.edu
Subject: Re: Extra credit
rules to a game:
You flip a coin. If you get tails you win 0. if you get heads, i give you
$1. Keep flipping until you get a tails, at which point you walk away with
the money. however, each heads you get after the first you double your
money. So if you flip heads 3 times and then tails, you get $4. What's
you bid/offer on playing this game? (would you pay $.5 to play? $1? $2?
what you charge me play against you?)
|
Jarnold.nsf
|
[] | 16 | 620 |
arnold-j
|
405.
|
8e73b939-24ca-421e-b48b-d1c2e74c2f30
|
[
"john.arnold@enron.com"
] |
[
"epao@mba2002.hbs.edu"
] |
Sun, 13 May 2001 08:58:00 -0700 (PDT)
|
Re: am i right???
|
no
|
"Eva Pao" <epao@mba2002.hbs.edu> on 05/13/2001 03:02:45 PM
Please respond to <epao@mba2002.hbs.edu>
To: <John.Arnold@enron.com>
cc:
Subject: am i right???
wait, of course i am. i always am.
-----Original Message-----
From: John.Arnold@enron.com [mailto:John.Arnold@enron.com]
Sent: Sunday, May 13, 2001 4:55 PM
To: epao@mba2002.hbs.edu
Subject: RE: Extra credit
me thinks you missed a 9
"Eva Pao" <epao@mba2002.hbs.edu> on 05/13/2001 02:58:28 PM
Please respond to <epao@mba2002.hbs.edu>
To: <John.Arnold@enron.com>
cc:
Subject: RE: Extra credit
1.99999999999999999999999999999999999
-----Original Message-----
From: John.Arnold@enron.com [mailto:John.Arnold@enron.com]
Sent: Sunday, May 13, 2001 4:37 PM
To: epao@mba2002.hbs.edu
Subject: Re: Extra credit
rules to a game:
You flip a coin. If you get tails you win 0. if you get heads, i give you
$1. Keep flipping until you get a tails, at which point you walk away with
the money. however, each heads you get after the first you double your
money. So if you flip heads 3 times and then tails, you get $4. What's
you bid/offer on playing this game? (would you pay $.5 to play? $1? $2?
what you charge me play against you?)
|
Jarnold.nsf
|
[] | 1 | 453 |
arnold-j
|
406.
|
5ae5eb4b-f443-40db-ba07-bdf1feabd3ed
|
[
"john.arnold@enron.com"
] |
[
"epao@mba2002.hbs.edu"
] |
Sun, 13 May 2001 08:57:00 -0700 (PDT)
|
RE: Extra credit
|
yes
|
"Eva Pao" <epao@mba2002.hbs.edu> on 05/13/2001 03:03:17 PM
Please respond to <epao@mba2002.hbs.edu>
To: <John.Arnold@enron.com>
cc:
Subject: RE: Extra credit
is constellation energy a goldman company?
-----Original Message-----
From: John.Arnold@enron.com [mailto:John.Arnold@enron.com]
Sent: Sunday, May 13, 2001 4:55 PM
To: epao@mba2002.hbs.edu
Subject: RE: Extra credit
me thinks you missed a 9
"Eva Pao" <epao@mba2002.hbs.edu> on 05/13/2001 02:58:28 PM
Please respond to <epao@mba2002.hbs.edu>
To: <John.Arnold@enron.com>
cc:
Subject: RE: Extra credit
1.99999999999999999999999999999999999
-----Original Message-----
From: John.Arnold@enron.com [mailto:John.Arnold@enron.com]
Sent: Sunday, May 13, 2001 4:37 PM
To: epao@mba2002.hbs.edu
Subject: Re: Extra credit
rules to a game:
You flip a coin. If you get tails you win 0. if you get heads, i give you
$1. Keep flipping until you get a tails, at which point you walk away with
the money. however, each heads you get after the first you double your
money. So if you flip heads 3 times and then tails, you get $4. What's
you bid/offer on playing this game? (would you pay $.5 to play? $1? $2?
what you charge me play against you?)
|
Jarnold.nsf
|
[] | 1 | 449 |
arnold-j
|
407.
|
56f73fc9-78e6-44b8-ac60-78d97bcee14c
|
[
"john.arnold@enron.com"
] |
[
"epao@mba2002.hbs.edu"
] |
Sun, 13 May 2001 08:55:00 -0700 (PDT)
|
Re: 2
|
are you prepared to defend your answer?
|
"Eva Pao" <epao@mba2002.hbs.edu> on 05/13/2001 03:01:04 PM
Please respond to <epao@mba2002.hbs.edu>
To: <John.Arnold@enron.com>
cc:
Subject: 2
-----Original Message-----
From: John.Arnold@enron.com [mailto:John.Arnold@enron.com]
Sent: Sunday, May 13, 2001 4:54 PM
To: epao@mba2002.hbs.edu
Subject: RE: Extra credit
and your offer?
"Eva Pao" <epao@mba2002.hbs.edu> on 05/13/2001 02:58:28 PM
Please respond to <epao@mba2002.hbs.edu>
To: <John.Arnold@enron.com>
cc:
Subject: RE: Extra credit
1.99999999999999999999999999999999999
-----Original Message-----
From: John.Arnold@enron.com [mailto:John.Arnold@enron.com]
Sent: Sunday, May 13, 2001 4:37 PM
To: epao@mba2002.hbs.edu
Subject: Re: Extra credit
rules to a game:
You flip a coin. If you get tails you win 0. if you get heads, i give you
$1. Keep flipping until you get a tails, at which point you walk away with
the money. however, each heads you get after the first you double your
money. So if you flip heads 3 times and then tails, you get $4. What's
you bid/offer on playing this game? (would you pay $.5 to play? $1? $2?
what you charge me play against you?)
|
Jarnold.nsf
|
[] | 8 | 435 |
arnold-j
|
408.
|
fe295fba-40d5-468f-881e-7cf530549284
|
[
"john.arnold@enron.com"
] |
[
"epao@mba2002.hbs.edu"
] |
Sun, 13 May 2001 08:54:00 -0700 (PDT)
|
RE: Extra credit
|
me thinks you missed a 9
|
"Eva Pao" <epao@mba2002.hbs.edu> on 05/13/2001 02:58:28 PM
Please respond to <epao@mba2002.hbs.edu>
To: <John.Arnold@enron.com>
cc:
Subject: RE: Extra credit
1.99999999999999999999999999999999999
-----Original Message-----
From: John.Arnold@enron.com [mailto:John.Arnold@enron.com]
Sent: Sunday, May 13, 2001 4:37 PM
To: epao@mba2002.hbs.edu
Subject: Re: Extra credit
rules to a game:
You flip a coin. If you get tails you win 0. if you get heads, i give you
$1. Keep flipping until you get a tails, at which point you walk away with
the money. however, each heads you get after the first you double your
money. So if you flip heads 3 times and then tails, you get $4. What's
you bid/offer on playing this game? (would you pay $.5 to play? $1? $2?
what you charge me play against you?)
|
Jarnold.nsf
|
[] | 6 | 282 |
arnold-j
|
409.
|
d7a7b58a-290e-4204-80dd-a4ceae9cadb5
|
[
"john.arnold@enron.com"
] |
[
"epao@mba2002.hbs.edu"
] |
Sun, 13 May 2001 08:54:00 -0700 (PDT)
|
RE: Extra credit
|
have you taken any finance courses yet? what's good?
|
Jarnold.nsf
|
[] | 12 | 0 |
arnold-j
|
|
410.
|
77097828-7eae-40f1-9e3a-b809799db840
|
[
"john.arnold@enron.com"
] |
[
"epao@mba2002.hbs.edu"
] |
Sun, 13 May 2001 08:54:00 -0700 (PDT)
|
RE: Extra credit
|
fill in
$ _____ per/share
|
"Eva Pao" <epao@mba2002.hbs.edu> on 05/13/2001 02:39:23 PM
Please respond to <epao@mba2002.hbs.edu>
To: <John.Arnold@enron.com>
cc:
Subject: RE: Extra credit
what's my bid for what??
ps
don't no crap me.
-----Original Message-----
From: John.Arnold@enron.com [mailto:John.Arnold@enron.com]
Sent: Sunday, May 13, 2001 4:30 PM
To: epao@mba2002.hbs.edu
Subject: Re: Extra credit
no crap, what's your bid?
"Eva Pao" <epao@mba2002.hbs.edu> on 05/13/2001 12:48:23 AM
Please respond to <epao@mba2002.hbs.edu>
To: <John.Arnold@enron.com>
cc:
Subject: Extra credit
break even on info ass-symetry is 100%, any project above that level is
profitable to Pooks&Co.
-----Original Message-----
From: John.Arnold@enron.com [mailto:John.Arnold@enron.com]
Sent: Sunday, May 13, 2001 1:04 AM
To: epao@mba2002.hbs.edu
Subject: RE: try this one...
For extra credit....
If the company is worth 150% more under management A rather than 50% more,
does your answer change?
"Eva Pao" <epao@mba2002.hbs.edu> on 05/11/2001 05:13:59 PM
Please respond to <epao@mba2002.hbs.edu>
To: <John.Arnold@enron.com>
cc:
Subject: RE: try this one...
will you do all of my homework?
-----Original Message-----
From: John.Arnold@enron.com [mailto:John.Arnold@enron.com]
Sent: Friday, May 11, 2001 8:41 AM
To: epao@mba2002.hbs.edu
Subject: Re: try this one...
i'll pay a grand total of 0
"Eva Pao" <epao@mba2002.hbs.edu> on 05/10/2001 05:15:59 PM
Please respond to <epao@mba2002.hbs.edu>
To: <jarnold@enron.com>
cc:
Subject: try this one...
Please read the following problem very carefully, and write in a number at
the end. You should be ready to defend your answer. Only a number is
allowed, not an algebraic equation.
Acquiring a Company
In the following exercise you will represent Company A (the acquirer),
which is currently considering acquiring Company T (the target) by means of
a tender offer. You plan to tender in cash for 100% of Company T's shares
but are unsure how high a price to offer. The main complication is this:
the value of Company T depends directly on the outcome of a major oil
exploration project it is currently undertaking. Indeed, the very
viability
of Company T depends on the exploration outcome. If the project fails, the
company under current management will be worth nothing--$0/share. But if
the project succeeds, the value of the company under current management
could be as high as $100/share. All share values between $0 and $100 are
considered equally likely. By all estimates, the company will be worth
considerably more in the hands of Company A than under current management.
In fact, whatever the ultimate value under current management, the company
will be worth fifty percent more under the management of A than under
Company T. If the project fails, the company is worth $0/share under
either
management. If the exploration project generates a $50/share value under
current management, the value under Company A is $75/share. Similarly, a
$100/share value under Company T implies a $150/share value under Company
A,
and so on.
The board of directors of Company A has asked you to determine the
price
they should offer for Company T's shares. This offer must be made now,
before the outcome of the drilling project is known. From all indications,
Company T would be happy to be acquired by Company A, provided it is at a
profitable price. Moreover, Company T wishes to avoid, at all cost, the
potential of a takeover bid by any other firm. You expect Company T to
delay a decision on your bid until the results of the project are in, then
accept or reject your offer before the news of the drilling results reaches
the press.
Thus, you (Company A) will not know the results of the exploration
project
when submitting your price offer, but Company T will know the results when
deciding whether or not to accept your offer. In addition, Company T will
accept any offer by Company A that is greater than the (per share) value of
the company under current management. Thus, if you offer $50/share, for
instance, Company T will accept if the value of the company to Company T is
anything less than $50.
As the representative of Company A, you are deliberating over price
offers
in the range of $0/share (this is tantamount to making no offer at all) to
$150/share. What price offer per share would you tender for Company T's
stock?
$______ per/share
|
Jarnold.nsf
|
[] | 9 | 1,330 |
arnold-j
|
411.
|
bc927597-5ed7-4501-b0e9-07f5bff4b235
|
[
"john.arnold@enron.com"
] |
[
"epao@mba2002.hbs.edu"
] |
Sun, 13 May 2001 08:53:00 -0700 (PDT)
|
RE: Extra credit
|
and your offer?
|
"Eva Pao" <epao@mba2002.hbs.edu> on 05/13/2001 02:58:28 PM
Please respond to <epao@mba2002.hbs.edu>
To: <John.Arnold@enron.com>
cc:
Subject: RE: Extra credit
1.99999999999999999999999999999999999
-----Original Message-----
From: John.Arnold@enron.com [mailto:John.Arnold@enron.com]
Sent: Sunday, May 13, 2001 4:37 PM
To: epao@mba2002.hbs.edu
Subject: Re: Extra credit
rules to a game:
You flip a coin. If you get tails you win 0. if you get heads, i give you
$1. Keep flipping until you get a tails, at which point you walk away with
the money. however, each heads you get after the first you double your
money. So if you flip heads 3 times and then tails, you get $4. What's
you bid/offer on playing this game? (would you pay $.5 to play? $1? $2?
what you charge me play against you?)
|
Jarnold.nsf
|
[] | 4 | 282 |
arnold-j
|
412.
|
abde91bb-a012-4603-84ef-cbbef996b15b
|
[
"john.arnold@enron.com"
] |
[
"epao@mba2002.hbs.edu"
] |
Sun, 13 May 2001 08:36:00 -0700 (PDT)
|
Re: Extra credit
|
rules to a game:
You flip a coin. If you get tails you win 0. if you get heads, i give you
$1. Keep flipping until you get a tails, at which point you walk away with
the money. however, each heads you get after the first you double your
money. So if you flip heads 3 times and then tails, you get $4. What's you
bid/offer on playing this game? (would you pay $.5 to play? $1? $2? what
you charge me play against you?)
|
Jarnold.nsf
|
[] | 130 | 0 |
arnold-j
|
|
413.
|
a2823b33-2263-43f5-908f-b6dfac5006ca
|
[
"john.arnold@enron.com"
] |
[
"epao@mba2002.hbs.edu"
] |
Sun, 13 May 2001 08:30:00 -0700 (PDT)
|
Re: Extra credit
|
no crap, what's your bid?
|
"Eva Pao" <epao@mba2002.hbs.edu> on 05/13/2001 12:48:23 AM
Please respond to <epao@mba2002.hbs.edu>
To: <John.Arnold@enron.com>
cc:
Subject: Extra credit
break even on info ass-symetry is 100%, any project above that level is
profitable to Pooks&Co.
-----Original Message-----
From: John.Arnold@enron.com [mailto:John.Arnold@enron.com]
Sent: Sunday, May 13, 2001 1:04 AM
To: epao@mba2002.hbs.edu
Subject: RE: try this one...
For extra credit....
If the company is worth 150% more under management A rather than 50% more,
does your answer change?
"Eva Pao" <epao@mba2002.hbs.edu> on 05/11/2001 05:13:59 PM
Please respond to <epao@mba2002.hbs.edu>
To: <John.Arnold@enron.com>
cc:
Subject: RE: try this one...
will you do all of my homework?
-----Original Message-----
From: John.Arnold@enron.com [mailto:John.Arnold@enron.com]
Sent: Friday, May 11, 2001 8:41 AM
To: epao@mba2002.hbs.edu
Subject: Re: try this one...
i'll pay a grand total of 0
"Eva Pao" <epao@mba2002.hbs.edu> on 05/10/2001 05:15:59 PM
Please respond to <epao@mba2002.hbs.edu>
To: <jarnold@enron.com>
cc:
Subject: try this one...
Please read the following problem very carefully, and write in a number at
the end. You should be ready to defend your answer. Only a number is
allowed, not an algebraic equation.
Acquiring a Company
In the following exercise you will represent Company A (the acquirer),
which is currently considering acquiring Company T (the target) by means of
a tender offer. You plan to tender in cash for 100% of Company T's shares
but are unsure how high a price to offer. The main complication is this:
the value of Company T depends directly on the outcome of a major oil
exploration project it is currently undertaking. Indeed, the very
viability
of Company T depends on the exploration outcome. If the project fails, the
company under current management will be worth nothing--$0/share. But if
the project succeeds, the value of the company under current management
could be as high as $100/share. All share values between $0 and $100 are
considered equally likely. By all estimates, the company will be worth
considerably more in the hands of Company A than under current management.
In fact, whatever the ultimate value under current management, the company
will be worth fifty percent more under the management of A than under
Company T. If the project fails, the company is worth $0/share under
either
management. If the exploration project generates a $50/share value under
current management, the value under Company A is $75/share. Similarly, a
$100/share value under Company T implies a $150/share value under Company
A,
and so on.
The board of directors of Company A has asked you to determine the
price
they should offer for Company T's shares. This offer must be made now,
before the outcome of the drilling project is known. From all indications,
Company T would be happy to be acquired by Company A, provided it is at a
profitable price. Moreover, Company T wishes to avoid, at all cost, the
potential of a takeover bid by any other firm. You expect Company T to
delay a decision on your bid until the results of the project are in, then
accept or reject your offer before the news of the drilling results reaches
the press.
Thus, you (Company A) will not know the results of the exploration
project
when submitting your price offer, but Company T will know the results when
deciding whether or not to accept your offer. In addition, Company T will
accept any offer by Company A that is greater than the (per share) value of
the company under current management. Thus, if you offer $50/share, for
instance, Company T will accept if the value of the company to Company T is
anything less than $50.
As the representative of Company A, you are deliberating over price
offers
in the range of $0/share (this is tantamount to making no offer at all) to
$150/share. What price offer per share would you tender for Company T's
stock?
$______ per/share
|
Jarnold.nsf
|
[] | 8 | 1,153 |
arnold-j
|
414.
|
cd7ae799-891d-4221-b285-a7f62bea192f
|
[
"john.arnold@enron.com"
] |
[
"margaret.allen@enron.com"
] |
Sun, 13 May 2001 08:25:00 -0700 (PDT)
|
Re:
|
i need significant lead time to prepare for boots day. please advise earlier
next time.
|
From: Margaret Allen@ENRON on 05/11/2001 06:09 PM
To: John Arnold/HOU/ECT@ECT
cc:
Subject: Re:
I'll be here until tomorrow afternoon, then off to Waco to see my mom. I
just got back to my desk after being in meetings all day. Who knows how long
I'll be here tonight and I have a shit load of work to do tomorrow. Why do I
work here again?
What's up with you? I bought some guest to your floor today but you weren't
around. And I have on boots with curly hair.
Take care, MSA
Oh, let's chat about Guggenheim next week. Are you going on the 17th too?
John Arnold@ECT
05/11/2001 11:58 AM
To: Margaret Allen/Corp/Enron@ENRON
cc:
Subject:
you in town this weekend?
|
Jarnold.nsf
|
[] | 20 | 236 |
arnold-j
|
415.
|
1b082ae5-2112-4e22-8a14-c76953165c38
|
[
"john.arnold@enron.com"
] |
[
"kimberly.hillis@enron.com"
] |
Sun, 13 May 2001 07:27:00 -0700 (PDT)
|
Kim:
I will not be at the may 18 management mtg as I will be in NY on business.
|
Jarnold.nsf
|
[] | 23 | 0 |
arnold-j
|
||
416.
|
7a9629d4-ddce-4593-bebd-fb668bae24cd
|
[
"john.arnold@enron.com"
] |
[
"stephen.piasio@ssmb.com"
] |
Sun, 13 May 2001 07:16:00 -0700 (PDT)
|
Re: myrtle beach
|
Appreciate the offer but I won't be able to get out of work,
|
"Piasio, Stephen [FI]" <stephen.piasio@ssmb.com> on 05/10/2001 11:23:18 AM
To: "'jarnold@enron.com'" <jarnold@enron.com>
cc:
Subject: myrtle beach
do you or any one of your colleagues at the mighty Enron want to join us at
our annual golf outing in Myrtle Beach. You pay the air, we've got the
rest.
Only 4 rules:
no cologne
no top button buttoned on the golf shirt
not permitted to break 100
no cameras
reminder:
Friday June 1 2 rounds
Saturday, June 2 1 round/poolside
Sunday, June 3 1 round
Enron has an open invite. Please let me know.
|
Jarnold.nsf
|
[] | 17 | 184 |
arnold-j
|
417.
|
024a701c-b0cd-4361-9a3c-282a0fd44011
|
[
"john.arnold@enron.com"
] |
[
"epao@mba2002.hbs.edu"
] |
Sat, 12 May 2001 17:04:00 -0700 (PDT)
|
RE: try this one...
|
For extra credit....
If the company is worth 150% more under management A rather than 50% more,
does your answer change?
|
"Eva Pao" <epao@mba2002.hbs.edu> on 05/11/2001 05:13:59 PM
Please respond to <epao@mba2002.hbs.edu>
To: <John.Arnold@enron.com>
cc:
Subject: RE: try this one...
will you do all of my homework?
-----Original Message-----
From: John.Arnold@enron.com [mailto:John.Arnold@enron.com]
Sent: Friday, May 11, 2001 8:41 AM
To: epao@mba2002.hbs.edu
Subject: Re: try this one...
i'll pay a grand total of 0
"Eva Pao" <epao@mba2002.hbs.edu> on 05/10/2001 05:15:59 PM
Please respond to <epao@mba2002.hbs.edu>
To: <jarnold@enron.com>
cc:
Subject: try this one...
Please read the following problem very carefully, and write in a number at
the end. You should be ready to defend your answer. Only a number is
allowed, not an algebraic equation.
Acquiring a Company
In the following exercise you will represent Company A (the acquirer),
which is currently considering acquiring Company T (the target) by means of
a tender offer. You plan to tender in cash for 100% of Company T's shares
but are unsure how high a price to offer. The main complication is this:
the value of Company T depends directly on the outcome of a major oil
exploration project it is currently undertaking. Indeed, the very
viability
of Company T depends on the exploration outcome. If the project fails, the
company under current management will be worth nothing--$0/share. But if
the project succeeds, the value of the company under current management
could be as high as $100/share. All share values between $0 and $100 are
considered equally likely. By all estimates, the company will be worth
considerably more in the hands of Company A than under current management.
In fact, whatever the ultimate value under current management, the company
will be worth fifty percent more under the management of A than under
Company T. If the project fails, the company is worth $0/share under
either
management. If the exploration project generates a $50/share value under
current management, the value under Company A is $75/share. Similarly, a
$100/share value under Company T implies a $150/share value under Company
A,
and so on.
The board of directors of Company A has asked you to determine the
price
they should offer for Company T's shares. This offer must be made now,
before the outcome of the drilling project is known. From all indications,
Company T would be happy to be acquired by Company A, provided it is at a
profitable price. Moreover, Company T wishes to avoid, at all cost, the
potential of a takeover bid by any other firm. You expect Company T to
delay a decision on your bid until the results of the project are in, then
accept or reject your offer before the news of the drilling results reaches
the press.
Thus, you (Company A) will not know the results of the exploration
project
when submitting your price offer, but Company T will know the results when
deciding whether or not to accept your offer. In addition, Company T will
accept any offer by Company A that is greater than the (per share) value of
the company under current management. Thus, if you offer $50/share, for
instance, Company T will accept if the value of the company to Company T is
anything less than $50.
As the representative of Company A, you are deliberating over price
offers
in the range of $0/share (this is tantamount to making no offer at all) to
$150/share. What price offer per share would you tender for Company T's
stock?
$______ per/share
|
Jarnold.nsf
|
[] | 30 | 946 |
arnold-j
|
418.
|
59d75e8c-f90f-4a61-8f62-f93fddb710a4
|
[
"john.arnold@enron.com"
] |
[
"epao@mba2002.hbs.edu"
] |
Fri, 11 May 2001 05:50:00 -0700 (PDT)
|
RE: in
|
you dont like my ideas
|
"Eva Pao" <epao@mba2002.hbs.edu> on 05/09/2001 05:06:50 PM
Please respond to <epao@mba2002.hbs.edu>
To: <John.Arnold@enron.com>
cc:
Subject: RE: in
i'll call
-----Original Message-----
From: John.Arnold@enron.com [mailto:John.Arnold@enron.com]
Sent: Sunday, April 29, 2001 8:15 PM
To: epao@mba2002.hbs.edu
Subject:
pookie:
check this out:
www.sailmainecoast.com/index.html
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Jarnold.nsf
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[] | 5 | 166 |
arnold-j
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421.
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d4c55074-71e4-46bc-90ad-ce8e160e759f
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[
"john.arnold@enron.com"
] |
[
"ina.rangel@enron.com"
] |
Fri, 11 May 2001 00:42:00 -0700 (PDT)
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Re: Question?
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yes
Ina Rangel
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05/10/2001 05:47 PM
To: John Arnold/HOU/ECT@ECT
cc:
Subject: Question?
John,
Do you think we need to see about sending an IT Tech for you and Maggi on
Friday to make sure everything is working okay? If we do, we would have to
pay for their travel expenses.
It would be beneficial to you instead of having to be on the phone with IT
for any problems.
Let me know.
-Ina
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Jarnold.nsf
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[] | 8 | 118 |
arnold-j
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