jcc kevin thanks heads face time customer wednesday day tomorrow thursday friday got deadline meet pm would convenient meet could early morning able conference ansguman srivastav enron india meeting regards marc kevin kindall enron 10 30 2000 10 55 marc de la roche hou ect ect cc vince j kaminski hou ect ect stinson gibner hou ect ect subject jcc good morning apologize response delay gone back analysis back april thrown around ideas vince stinson issue may summarized follows hedge relationship derived using jcc prompt brent valid jcc prompt brent problems however valid points far forward curve intuitively hedge relationship approach one move far curve since data statistically determine one imagine term structure heding ratios start 0 67 move 1 0 back end curves would move together fast converges one anyone guess way determining historical jcc forward curve hedge relationships may estimated however unable determine rigorous approach building jcc curve explain far better person would like talk soon possible convenience kevin kindall