Sorry,sorry, sorry. 
Havent had internet access at home for past 5 weeks.  Much easier to write these at home as when I'm done trading I don't want to look at my computer.  
For november, very neutral.  Cash is impressive.  Agree shutins, switching, and some weather are making market look more like equilibrium.  Think with cash/futures at 20 cents, x/z looks crazy.  As soon as z becomes prompt, the fear factor/risk premium of it will decrease and the whole winter will come off.  Like your h/j trade.  Hard to see it really being worth 9 cents at settlement.  Been buying a lot of y/y cantango as I think next summer will be a piece but longer term gas story still very real and customers know it.  Wouldnt be surprised to see 2/3 go to 50+.  I think x has some room to go up, but not a lot.  Dont want to play the market from the long side as been burned before trying to get long a market that is still in a downtrend.  Seems like the curve will just keep rolling down with each expiry.  All the winter months might settle 2.25.  As such, the best thing to be short is jan.  

 -----Original Message-----
From: 	"Lafontaine, Steve" <steve.lafontaine@bankofamerica.com>@ENRON [mailto:IMCEANOTES-+22Lafontaine+2C+20Steve+22+20+3Csteve+2Elafontaine+40bankofamerica+2Ecom+3E+40ENRON@ENRON.com] 
Sent:	Friday, October 05, 2001 12:32 PM
To:	Lafontaine, Steve; jarnold@enron.com
Subject:	RE: wheres the love?


well the mkts changed a bit since this writing. im more neturalish now i
guess. suprised about the cash strongth. and i guess it doesnt mattr CUZ YOU
DONT ANSWER YOUR EMAILS ANYWAY.
regards
>  -----Original Message-----
> From: 	LaFontaine, Steve
> Sent:	Friday, September 21, 2001 4:40 PM
> To:	John Arnold (E-mail)
> Subject:	whats up young man?
>
> johnny hope all is well. is ok here. new york a little stranger than
> normal for obvious reasons.. wwe're trying to get back to normal. pretty
> stressful cupla weeks. business has been pretty good(trading anyway) in
> natgas and oil. certainly have been some changes in natgas fundamentals
> but too littl too late im afraid to get bullish . market sucks and the
> newest shock to macr economics im starting to think are mitigating what
> mite have been some postive bullish changes like gas/oil relationship and
> gas shut ins. looks shitty i think. im not as short as ive been but
> starting to think this witer is waaay too high priced. just funtction
> timing i guess. i sold a few march aprils again. just doesnt fit the curve
> and i think 80% probabitly we end march with over 1.3 tcf in the ground.
> wud keep things ugle for awhile.
>   anyway curious your thots as always. also wanted to say hi.have a good
> weekend