Why is Enron's stock so volatile now? Since today's session started, ENE has lost another $2.50! Mr. Ken Lay replies I haven't had a chance to check our stock today, but I think for several reasons it's more volatile. But before I comment on that, our stock price is still up even if it went down that much today. It's up 40% since the beginning of the year when the Dow was down. As recently as mid-December, the stock price is up about 75%. That's one reason why it's so volatile. Some people bought in along the way, they've had a good strong increase, particularly with the uncertainty in the marketplace, people just want to take some money off the table. As we become more of a technology stock, a high P/E stock, a growth stock held by growth portfolios, you're going to have more volatility, just like all the other companies that fit into that category. Throughout the market, technology stocks quite often go up or down not just $3-$4 a whack, but often $10-$12-$15 a whack. What I tell Mark Koenig is I love that volatility on the upside, but I hate it on the down side. We've had a change in the ownership of our stock. Increasingly, it's being bought by the growth portfolio managers, and increasingly it's being sold by the value and other portfolio managers that picked it up at much lower valuations, and now at these values they want to take their money and put it back into lower P/E stocks. I know this makes everybody a little nervous, but this is probably the world we're in now. I'd rather be in this world with a 50 P/E than the more stable world with a 20 P/E.
Q: What is a potential subject line for this email?
answer: Ken Lay on Enron's stock price volatility
(See attached file: O062402.pdf) This message and any attachments (the "message") is intended solely for the addressees and is confidential. If you receive this message in error, please delete it and immediately notify the sender. Any use not in accord with its purpose, any dissemination or disclosure, either whole or partial, is prohibited except formal approval. The internet can not guarantee the integrity of this message. BNP PARIBAS (and its subsidiaries) shall (will) not therefore be liable for the message if modified.
Q: What is a potential subject line for this email?
answer: BNP Paribas Commodity Futures Open Interest Report for 06/24/02
Dear Jeff, As you may remember, we last met at the Directors' conference in Barcelona, last October. On that occasion, I asked you whether you would be agreeable to the idea of meeting some of the top executives of a client that I am serving in France, EDF and even giving them a speech at their marketing conference. Given the short notice, this turned out to be impossible at that point in time since, at that time, you were "booked" for the following three months, if I remember well! You also told me that, provided you received some "advanced notice", it would not be too difficult to organise the encounter at a different date that the one I had then mentioned. I am thus sending you this message to find out what is the earliest date we could meet with you, preferably in Texas, since our client executives would like to take advantage of the encounter to meet not only you, but also some members of your management team. Once I have a reply from you, I shall inform our client of the dates you suggest and get back to you to finalise detail of when we could travel to Texas and who we would like to meet, ideally . I hope all is well with you and I look forward to reading your response to this message. Many thanks in advance, and best of all. Fran?ois Gl?met McKinsey & Company 79, avenue des Champs-Elys?es 75008 PARIS
Q: What is a potential subject line for this email?
answer: Organising a meeting with you
Tana, I have amended profiles for all the counterparties that had incorrect access to US Phy Power with the exception of the following: Alcoa, Inc. Diamond Shamrock Refining & Marketing Co. Dupont E.I. De Nemours and Company Duke Energy NGL Services, LLC Dynegy Liquids Marketing and Trade Gulf Canada Energy Partnership IMC Global Inc. Louisiana Gas Service, Co. Merek & Co., Inc. Minnesota Mining &Manufacturing Company Motiva Enertprises LLC NStar Companies PPG Industries, Inc. Public Service Company of Colorado (west only) Public Utility District #1 of Chelan County (west only) Public Utility District No. 1 of Benton County (west Only) Sacramento Municipal Utility District (west only) Southern Natural Gas Company Transcanada Power Mktg, Ltd. Transwestern Pipeline Company United Parcel Service, Inc. Unocal Energy Trading, Inc. Wisconsin Power and Light Company Wisconsin Public Power Inc. The counterparties listed above have active users and need to have their profiles amended through Profile Manager for audit purposes. Please let me know if you have any questions. Thanks,
Q: What is a potential subject line for this email?
answer:
US East and West Phy Power Audit