RE: aga forecast ,
 are you on msn messenger.  i think i'm set up with it.

 -----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:	Wednesday, May 23, 2001 8:45 AM
To:	jarnold@enron.com
Subject:	FW: aga forecast

hey johnny-my numbers. i think next week more like 105 ish but we'll see.
any thots on flat px here? i still say med term lower to the low 3.00
area/maybe lower.
  wud you please get on bloomberg or yahho inst messanger we can mkt chat
w/out a 3 day lag????? fyi-our end user buying has stepped outta the way now
on this lower px level. so less support from them.
 good seeing you the other nite-wud have liked to have gone out w/you guys
but early meeting sat
regards

>  -----Original Message-----
> From: 	LaFontaine, Steve
> Sent:	Tuesday, May 22, 2001 12:09 PM
> To:	'rpetrol@aol.com'
> Subject:	FW: aga forecast
>
> forecast
>
> aga forecast
>
>           this week        next week       same week last year   y on y
> deficit
> boa      118                  115                  55
> -23
> pira      110                    ?                    56
> +36
>
> we should be going from deficit to year on year surplus by this time next
> week. the 7 year average for inventory this week is 1155 vs our projection
> of 1195. this will continue to be taken as very bearish given current
> prices are still well above the historical average price implied by that
> inventory level.
steve.lafontaine@bankofamerica.com