Message-ID: <28081142.1075855474539.JavaMail.evans@thyme> Date: Thu, 16 Nov 2000 00:12:00 -0800 (PST) From: enerfax1@bellsouth.net To: enerfaxweb@egroups.com Subject: Enerfax Daily's free web version of gas & power prices and info Go to www.enerfax.com if can not view properly.htm Mime-Version: 1.0 Content-Type: text/plain; charset=ANSI_X3.4-1968 Content-Transfer-Encoding: 7bit X-From: "Enerfax Energy" X-To: X-cc: X-bcc: X-Folder: \Frank_Ermis_Dec2000\Notes Folders\All documents X-Origin: Ermis-F X-FileName: fermis.nsf ? [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] Enerfax Daily [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] Looking for a past article or issue. Click here to use Sagewave's Search. Enerfax Daily? -? Page ? -? November 16, 2000 [IMAGE] [IMAGE] Enerfax Daily? -? Page 4? -? November 16, 2000 -? ? Past Issues Available on Sagewave [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] Alberta's Oil and Natural? Gas Revenue Doubles ? ? Alberta's revenue from oil and natural gas will more than double this year to about C$8.7 billion. It will use most of the money to cut its debt. Alberta, the biggest international supplier of natural gas to the US, will pay down its debt by C$4.5 billion this year and give residents C$485 million in tax and energy-bill rebates. Alberta is expecting a C$4.2 billion budget surplus in the fiscal year ending March 31. Alberta collects a percentage of revenue from oil and natural gas produced in the province. The province's debt, now around C$12.5 billion, rose when prices were low. Alberta's low debt and its repayment program have earned it the highest credit rating of any Canadian province. [IMAGE] Natural? Gas? Storage? Report [IMAGE] [IMAGE] ? ? ? ? ? ? Week? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? Prev? ? ? ? ? ? ?Ending? ? Prev? ? ? ? ? ? ? ? ? ?Prev? ? Year? ? | Region | 11/10/00| Week | Diff | % Full | Year | % Full | Prod? ?|? ?688? ?|? 687 |? ?1? |? 72%? ?|? 847 |? 89%? ? | East? ?|? 1682? ?| 1678 |? ?4? |? 92%? ?| 1730 |? 95%? ? | West? ?|? ?372? ?|? 383 | -11? |? 74%? ?|? 439 |? 87%? ? |? ? ? ? |? ? ? ? ?|? ? ? |? ? ? |? ? ? ? |? ? ? |? ? ? ? | Total? |? 2742? ?| 2748 |? -6? |? 83%? ?| 3016 |? 91%? ? [IMAGE] [IMAGE] [IMAGE] Enerfax Daily? -? Page 7? -? November 16, 2000 [IMAGE] Enerfax Daily? -? Page 8? -? November 16, 2000 [IMAGE] Canadian 88 Losses Increase ? ? ? Canadian 88 Energy, which has put itself up for sale, says its third quarter loss widened seven-fold because of production problems and an ill-fated natural gas hedging program. It reported the loss grew to C$5.2 million. Cash flow, a key indicator a firm's ability to fund future exploration, fell 64% to C$2.3 million from C$6.4 million. The third quarter results reflected the one-time impact of the upgrading program at the Olds Gas Plant, which shut-in? 26 MMcf per day of natural gas and 770 barrels of liquids daily from September 5th until October 7th. Most Canadian firms have been big winners in the natural gas market, but not Canadian 88, whose natural gas hedging reduced cash flow by $26 million in the quarter. [IMAGE] Financial Summary [IMAGE] ")} TC [IMAGE] - blnk.gif - img17.gif - img18.gif - img19.gif - img20.gif - img21.gif - img22.gif - img23.gif - img24.gif - img25.gif - img26.gif - img27.gif - img28.gif - img29.gif - img30.gif - img31.gif - img32.gif - img33.gif - img34.gif - img11.gif - img35.gif - id=1381847 - img36.gif