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Canadian Natural Gas Option Prices

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Canadian Natural Gas Option Prices GasPriceCanadian Reporter® November 2001 Volume 13 Number 6 Inside this month... November market round-up Canadian domestic gas markets • Alb. 1-month spot gas at Empress = $3.5149/GJ - up $1.02 Alberta spot gas............................................2, 3 One-month spot prices at AECO/N.I.T. rose to $3.3494/ GJ, an increase of 85¢ from October. Daily spot prices • Nov. Empress-AECO/NIT Market Differential = 16.54¢/GJ averaged $3.1014/GJ at AECO/N.I.T. and $3.2036/GJ at Empress for October. • Daily spot gas index for Oct. = $3.1014/GJ - up 83¢ Alberta one-year gas.....................................2, 3 Bids & offers for Nov/2001 one-year fixed-price • Alberta one year gas at Empress = $3.8892/GJ -up 5¢ deals averaged $3.7242/GJ and $3.8892/GJ at AECO/NIT and Empress respectively. • Station 2 one-month spot gas = $3.9180/GJ - up $1.75 Empress-AECO NIT differential...................3, 11 The average Empress-AECO/NIT one-month market differential for November was 0.1654¢/GJ up from • August Alberta ref. price = $3.53/GJ - down 22¢ 0.0007¢ for October. • Henry hub spot price = $3.17/MMBtu - up $1.30 Export spot gas markets.................................9 Export prices rose at all major export points, rising about • U.S. avg. 30-day spot price = $3.02 - up $1.32 $1.45 in the east, $1.40 in the midwest and $1.35 in the west . U.S. spot gas and futures market.................10 • Current Dec. futures contract = $3.29/MMBtu The November Henry Hub futures contract last 3-day Changes to the Aeco/NIT daily, one-month spot & average was $3.060. Spot prices rose $1.32 to an bidweek price indices effective July 1, 2001. See p. 15. average of $3.02/MMBtu. Enerdata Index report..................................15 Market outlook The outlook for day-to-day Alberta spot gas prices Prices appearing herein are based on is for strengthening prices at around $4.00-4.50. transactions conducted over the Oct. 1-31 One-month prices are expected to be around the period. Date of publication is Nov. 2, 2001 $4.50/GJ range for December. One-year prices are Tables/Maps expected to be around $4.00/GJ for November/2002 Daily Gas Prices at AECO C & N.I.T.....................................2 gas. U.S. spot prices are anticipated to continue to Canadian Natural Gas Supply Prices....................................3 Aggregator Field Prices..........................................................4 rise as stronger seasonal demand is offset somewhat Canadian Natural Gas Burner-Tip Prices...............................4 by storage withdrawals. Canadian Natural Gas Wacogs..............................................4 Provincial Utility Gas Prices & Distribution Rates..................5 Domestic & Export Pipeline Tariffs........................................5 The Canadian Gas Price Reporter is published monthly by Canadian Canadian Gas Storage Survey..............................................6 Enerdata Ltd., Suite 304, 100 Allstate Pkwy., Markham, Ontario, U.S. Natural Gas Storage Survey..........................................6 Canada L3R 6H3, Tel (905) 479-9697, Fax (905) 479-2515.E-mail: Alberta Natural Gas Reference Price....................................6 Export and U.S. Spot Gas Prices..........................................7 [email protected], Website: www.enerdata.com. North American Gas Price & Pipeline Map............................8 © 2001 Canadian Enerdata Ltd. Reproduction, in whole or in part, Canadian Export Prices ........................................................9 Daily Gas Prices at Empress.................................................9 by any means, including electronically, photocopiers and fac- U.S. Spot and Futures Prices .............................................10 simile machines, is forbidden. Publisher/Editor: Richard Zarzeczny NYMEX/Empress Differentials.............................................10 Annual Print Subscription Rates: (Canadian orders add 7% GST.) Canadian Natural Gas Derivative Prices.............................10 Monthly Canadian/U.S. Gas Price Summary.......................11 Canadian Gas Price Reporter & Natural Gas Market Report - $1100 Canadian and U.S. Spot Gas Price Differentials.................12 Canadian Gas Price Reporter - $595 Monthly Natural Gas Price Index Summary........................13 Weather Forecast................................................................14 The information contained in this report is obtained from sources considered to be Enerdata Index Report........................................................15 reliable. However, the information contained herein cannot be guaranteed with Daily Gas Prices at Station 2..............................................15 respect to its accuracy or completeness. Canadian Enerdata Ltd. assumes no Daily Gas Prices at Dawn, Niagara & Sumas.....................16 responsibility for either the direct or indirect use of the information contained herein. 1 Canadian Gas Price Reporter November 2001 Canadian domestic gas price report Daily Spot Gas Price at AECO C & Nova Inventory Transfer Month Volume Number of Price ($/GJ) Avg. Price Alberta spot gas into Nova (C$/GJ) October 2001 (TJ) Transactions Low High Avg.* US$/MMBtu Current Last Last Monday 1 2193.5 299 1.790 2.000 1.8591 1.2424 Month Month Year Tuesday 2 1319.1 194 1.970 2.300 2.1391 1.4385 3.16 2.32 6.52 Wednesday 3 1607.7 226 2.290 2.450 2.3606 1.5882 Thursday 4 1483.0 221 2.520 2.850 2.6962 1.8160 Friday 5 1684.2 129 2.310 2.500 2.4138 1.6309 15.00 Fri&Wkd# 3126.2 367 2.310 2.510 2.4150 1.6317 13.00 Weekend# 1442.0 238 2.365 2.510 2.4164 1.6327 11.00 Saturday 6 407.0 62 2.350 2.600 2.4514 1.6563 9.00 Sunday 7 341.0 52 2.050 2.400 2.2493 1.5198 7.00 Monday 8 708.2 101 2.080 2.345 2.2239 1.5026 Tuesday 9 1747.1 234 2.230 2.445 2.3825 1.6075 5.00 Wednesday 10 2563.5 285 2.540 2.820 2.6232 1.7652 3.00 Thursday 11 1905.4 211 2.900 3.020 2.9672 1.9960 1.00 Friday 12 507.1 68 2.750 2.970 2.8734 1.9363 No De Ja Fe Mr Ap Ma Ju Jl Au Se Oc No Fri&Wkd# 2408.7 314 2.750 3.020 2.8831 1.9428 Weekend# 1901.6 246 2.750 3.020 2.8857 1.9446 Saturday 13 407.3 57 2.650 2.950 2.7712 1.8674 Sunday 14 381.0 52 2.500 2.650 2.5401 1.7117 Alberta one-year gas at Empress, AL (C$/GJ) Monday 15 1784.2 230 2.715 2.910 2.8245 1.9129 Current Last Last Tuesday 16 1975.9 250 3.100 3.350 3.1876 2.1531 Month Month Year Wednesday 17 1797.9 224 3.020 3.530 3.2998 2.2198 Thursday 18 1648.0 221 2.945 3.080 3.0173 2.0199 3.89 3.84 6.17 Friday 19 462.3 69 2.920 3.520 3.1978 2.1411 Fri&Wkd# 2518.9 349 2.900 3.520 3.1420 2.1037 7.50 Weekend# 2056.6 280 2.900 3.500 3.1294 2.0953 7.00 Saturday 20 235.3 45 3.450 3.840 3.6560 2.4478 6.50 Sunday 21 323.0 50 3.600 3.750 3.6726 2.4589 6.00 5.50 Monday 22 1967.4 252 3.520 3.760 3.6655 2.4503 5.00 Tuesday 23 2345.9 279 3.675 4.025 3.8195 2.5633 4.50 Wednesday 24 1604.2 213 3.580 4.000 3.6790 2.4652 4.00 Thursday 25 1645.0 208 3.880 4.150 3.9958 2.6737 3.50 3.00 Friday 26 526.0 77 3.750 4.070 3.9049 2.6153 2.50 Fri&Wkd# 2304.5 316 3.750 4.070 3.8862 2.6028 No De Ja Fe Mr Ap Ma Ju Jl Au Se Oc No Weekend# 1778.5 239 3.790 4.070 3.8806 2.5990 Saturday 27 396.0 63 3.850 4.300 4.1727 2.7947 Sunday 28 231.0 39 3.650 3.950 3.8835 2.6010 Monday 29 2107.9 265 4.025 4.150 4.0756 2.7309 Sask. one-year gas into TCPL (C$/GJ) Tuesday 30 1513.9 199 3.915 4.000 3.9496 2.6402 Wednesday 31 1723.7 229 3.880 4.070 3.9523 2.6279 Current Last Last Month Month Year 3.89 3.84 6.17 1. Tot./Wtd. Avg.** 46721.4 6107 1.790 4.300 3.1014 2.0823 7.50 1A. Arithmetic Avg.** 3.1091 2.0876 7.00 2. Tot./Wtd. Avg.^ 39542.7 5104 1.790 4.300 3.1003 2.0814 6.50 6.00 2A. Arithmetic Avg. ^ 3.1131 2.0902 5.50 3. Tot./Wtd. Avg.^^ 43291.6 5586 1.790 4.150 3.1154 2.0914 5.00 3A. Arithmetic Avg. ^^ 3.1229 2.0964 4.50 4.00 4. Tot./Wtd. Avg.^* 51912.3 6827 1.790 4.150 3.0949 2.0781 3.50 4A. Arithmetic Avg. ^* 3.0944 2.0778 3.00 5. Tot./Wtd. Avg.^** 59091.0 7830 1.790 4.150 3.0965 2.0792 2.50 No De Ja Fe Mr Ap Ma Ju Jl Au Se Oc No 5A. Arithmetic Avg. ^** 3.0923 2.0764 * Weighted average price. #Weighted average of NGX instruments - W, Wkd, LW3 & LW4. ** Includes Weekend deals. ^ Excludes Weekend# deals. ^^ Includes Weekend# deals and excludes Saturday, Sunday and statutory holiday deals. ^*Does not include day deals done during the weekend or on statutory holidays that fall in conjunction with the weekend, the #Weekend number is used instead as a proxy for each of the weekend days and statutory holidays. NATURAL GAS MARKET using same methodology as Lines 4 and 4a. COMMENTARY Note: LW3 & LW4 instruments included for Canadian statutory holidays. Weekend deals include statutory holiday Fridays and Mondays. Source: Natural Gas Exchange and EnronOnline. Exchange rate from Bank of Canada (noon day rate).
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