FYI, Please book all future GD priced tiered deals as two deals in sitara. The reason for this is eventhough we put a swap on the deal for the volume that should be at index, the swap looks at the volume as a monthly volume as opposed to a daily and gives the monthly volume to the desk at mid. What typically happens is the total volume for the first half of the month comes to the desk entirely at mid. This is causing some substantial OA variances. If you have any questions, please let me know. Thanks.
Q: What is a potential subject line for this email?
answer: GD Tiered deals
Mark, I reviewed the contracts for whether the gathering fees are charged on an Mcf vs MMBtu basis. The following are what the contracts state: Beartooth - MMBtu Crescendo - Mcf D&G Roustabout - MMBtu Hallwood - MMBtu LoneMountain/Premier - MMBtu National Fuels - MMBtu Northstar - MMBtu Tom Brown - Based on their stated intent to renegotiate Trend- MMBtu Wasatch - Not stated in contract. Rate is as Wildhorse adjusts from month to month Venoco - MMBtu Let me know if you have any questions.
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answer: Gathering Rates
Here is a confirmation that I have played around with and added some appropriate wordng like I would add if I were doing a deal that involved 10 percent or 20 percent swing, differernt pricing, etc. I don't think I have ever had a deal where we had different pricing involving the swing language, so I made one up for you. Let me know if this helps.
Q: What is a potential subject line for this email?
answer: Confirmation
Rod: Further to my recent memo, the Tokheim debt is being transferred to DLJ (and we owe Deutsche Bank for the unwind of the loan swap). Sara P.S. Who will handle credit derivatives in your absence?
Q: What is a potential subject line for this email?
answer:
Credit Derivatives