I have been thinking about the cash book idea for group and I think we need  to discuss this in more detail.
I would like to continue to use the physical  for large prompt positions going forward.
I am afraid that the baseload  volumes may not continue on their current trend if we break out the books.
We need to discuss how the cash books would lay off risk.
i.e.
Intra  regional spreads with GD swap legs or spreads with other cash points and then  booking out at gd mid to the internal counterparty.
Janie managing SJ and  laying off risk on Steve's Opal.
I know that the cash books would be a good  idea for dailies , but I am not sure how to do this without giving up the  cash risk for baseload as well.
What are your thoughts?
I would also like to discuss the staffing issues.
Matt Smith and Susan Scott  to analyst,  Jay to the ROX, etc.
It seems like Ken S. has shown more  interest in the west fundies lately.
Should we keep his services?
The basis products need another book.
Who can we add to the mix?
I think  that we should look into having Frank focus on prompt month only.
He has a  great interest in cash and fundies and this should serve him well in managing  tight two ways for all products on the prompt.
Keith can do term with  another book.
Monique is going to take over the gd swaps for Kern, SJ, and Perm.
I will  continue to manage the CA products.
This should allow us to provide tighter  two ways across the west.
I will continue to manage all index products and  prompt month phys fixed price.
Operations needs more labor as well as an analyst or two to monitor flows.
The analysts will monitor flows by price and hopefully find creative ways to  nom the market.
EOL.
Keith has a great idea of opening up all products to the desk so that  you may insert a bid or an offer inside of the manager's markets.
We should  propose this to EOL.
This would allow for tighter markets on all products  and prevent the desk from working markets through the brokers.
Ca cash products.
Let's call a meeting about how to offer more Socal  physical products.
I would like to have PG&E topock and Socal Ehrenberg  before the summer.
Mike

Cash books, etc.

I have been thinking about the cash book idea for group and I think we need to discuss this in more detail.
I would like to continue to use the physical for large prompt positions going forward.
I am afraid that the baseload volumes may not continue on their current trend if we break out the books.
We need to discuss how the cash books would lay off risk.
i.e.
Intra regional spreads with GD swap legs or spreads with other cash points and then booking out at gd mid to the internal counterparty.
Janie managing SJ and laying off risk on Steve's Opal.
I know that the cash books would be a good idea for dailies , but I am not sure how to do this without giving up the cash risk for baseload as well.
What are your thoughts?
I would also like to discuss the staffing issues.
Matt Smith and Susan Scott to analyst, Jay to the ROX, etc.
It seems like Ken S. has shown more interest in the west fundies lately.
Should we keep his services?
The basis products need another book.
Who can we add to the mix?
I think that we should look into having Frank focus on prompt month only.
He has a great interest in cash and fundies and this should serve him well in managing tight two ways for all products on the prompt.
Keith can do term with another book.
Monique is going to take over the gd swaps for Kern, SJ, and Perm.
I will continue to manage the CA products.
This should allow us to provide tighter two ways across the west.
I will continue to manage all index products and prompt month phys fixed price.
Operations needs more labor as well as an analyst or two to monitor flows.
The analysts will monitor flows by price and hopefully find creative ways to nom the market.
EOL.
Keith has a great idea of opening up all products to the desk so that you may insert a bid or an offer inside of the manager's markets.
We should propose this to EOL.
This would allow for tighter markets on all products and prevent the desk from working markets through the brokers.
Ca cash products.
Let's call a meeting about how to offer more Socal physical products.
I would like to have PG&E topock and Socal Ehrenberg before the summer.
Mike
group prevent desk working steve opal know use physical large managing sj laying gd swaps kern discuss cash books intra regional spreads focus prompt month forward afraid