-----Original Message-----
From: Cuilla, Martin 
Sent: Monday, August 27, 2001 8:06 AM
To: 'james.h.cook@us.andersen.com'
Subject: RE: 


I guess i have to start with saturday night when we met up with dax and michelle at the horsetrack.  I have to admit that i wasn't looking forward to it since i didn't know how she was going to act and if she was going to be bitchy.  About 15 minutes after we got there we passed on the way to the betting counter and she pulled me aside and was so very cool.  She kept asking are you o.k. and almost seemed to sympathize with me.  She said she didn't say anything to dax and would never say anything to him.  She was so cool about it i was totally shocked.  So on sunday dax calls and says they are going to bw3 so after a couple of hours we go up there to meet them.  I walk in and missy and don were there so i was a little surprised.    After we had been there for a while Z, laura, devon, and michelle go to play darts leaving me and missy at the table.  So starts saying so you aren't going to email me anymore and acting all sad.  Then she said i didn't have any balls.  Later don is talking about the heisman and what the statue looks like and she looks at me and says i am not giving you the heisman i guess you could say i am giving you the anti-heisman and motions as if to open her legs.  It was funny as shit.  She also said she dumped dale but i don't know that i completely buy that.  Anyway, all together it was very interesting weekend.  I don't know that i could ever trust missy to be discrete so while it is very tempting it is also very dangerous.  
-----Original Message-----
From: james.h.cook@us.andersen.com [mailto:james.h.cook@us.andersen.com]
Sent: Monday, August 27, 2001 7:05 AM
To: Cuilla, Martin
Subject: Re:



Oh shit - what did missy say??


To:   James H. Cook@ANDERSEN WO
cc:
Date: 08/26/2001 10:55 PM
From: Martin.Cuilla@enron.com
Subject:


I don't know if this is going to keep its format but EOG's trailing
earning are $5.01 and forward expectations are $2.31 and that probably
is too high.  Its trailing P/E is 6.53 and forward P/E is
14 which is still on the low side of historical P/Es (6-60 with average
of 30) but it all comes back to how long you think gas prices are in a
$2-$3 environment.  Usually when you are as full in storage as we are
going to be it takes at least 2 years to work off the extra gas which
would lower earnings in 2002 and 2003.  I think the industry is going to
wash out in the next month or two and could be off up to 20% and then
maybe it will find the bottom.  The one thing I have learned from
trading is usually there is a big washout of the longs (like down $3 or
more in a day or two for EOG) that takes place before you find the
bottom.

Quarterly EPS Consensus Expectations for EOG

      Q3 2001   Q4 2001   Q1 2002   Q2 2002

Current Mean (08/24/01)  $0.50     $0.55      $0.68     $0.58

Previous Mean  $0.49     $0.54     $0.73      $0.55

Number or Brokers Estimating  24   21    5    5

Estimate Range (low/high)     $0.33 / $0.95   $0.25 / $1.06       $0.45 /
$0.97     $0.32 / $0.90

Standard Deviation  $0.15     $0.20      $0.20     $0.22

Same Qtr. Last Year      $0.95 A   $1.33 A    $1.79 A
$0.94 A


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