Again Mark I am flattered that you include me in these explanations...but I 
don't really need them anymore.





Mark Fondren
04/28/2000 10:22 AM
To: Michael E Moscoso/HOU/ECT@ECT, Chris Abel/HOU/ECT@ECT, Kevin 
Sweeney/HOU/ECT@ECT, Scott Earnest/HOU/ECT@ECT, Bjorn Hagelmann/HOU/ECT@ECT, 
Wade Doshier/HOU/ECT@ECT, John L Nowlan/HOU/ECT@ECT, Claude 
Straub/HOU/ECT@ECT, Fernley Dyson/LON/ECT@ECT, Tim 
Poullain-Patterson/LON/ECT@ECT, Christian LeBroc/Corp/Enron@ENRON, Susan M 
Scott/HOU/ECT@ECT
cc:  
Subject: 5 day loss limit violation (4/20 -4/27/2000)

The 5 day loss violation resulted from long outright WTI position (Jun00  
NYMEX curve down $1.39/bbl from 4/24  to  4/26) and long outright Propane 
position (Apr00 Propane curve down $.52/bbl 4/20 to 4/27).  



Please call with questions


Mark