Message-ID: <21268865.1075845148503.JavaMail.evans@thyme> Date: Wed, 9 May 2001 11:01:00 -0700 (PDT) From: chris.germany@enron.com To: wdgermanyjr@dow.com Subject: Gas Futures Up Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Chris Germany X-To: wdgermanyjr X-cc: X-bcc: X-Folder: \Germany, Chris\Germany, Chris\Sent Items X-Origin: GERMANY-C X-FileName: Germany, Chris.pst Go to the first website shown below (http://www.enerfax.com). Scroll down once you get to this website and you will see an article about fuel cells. ---------------------- Forwarded by Chris Germany/HOU/ECT on 05/09/2001 08:00 AM --------------------------- "Enerfax Energy" on 05/09/2001 06:32:20 AM To: cc: Subject: Gas Futures Up Enerfax Daily NORTH AMERICA'S FREE POWER AND GAS INFORMATION SOURCE Wednesday, May 9, 2001 No. 736 Visit our website at: http://www.enerfax.com, if you would like to receive our daily free email write Enerfax-subscribe@egroups.com. For Oil Prices & News write enerfaxgold-subscribe@egroups.com or go to http://www.enerfaxgold.com Please view in a fixed-width font such as Courier. GAS FUTURES Henry Hub 12 Month Strip 4.5322 +0.0236 18 Month Strip 4.4734 +0.0115 | Month | High | Low | Close | Change | | JUN | 4.320 | 4.200 | 4.279 | +0.040 | | JUL | 4.380 | 4.270 | 4.353 | +0.039 | | AUG | 4.457 | 4.360 | 4.425 | +0.035 | | SEP | 4.487 | 4.390 | 4.455 | +0.030 | | OCT | 4.527 | 4.440 | 4.493 | +0.028 | | NOV | 4.710 | 4.625 | 4.673 | +0.023 | | DEC | 4.885 | 4.800 | 4.853 | +0.018 | | JAN | 4.960 | 4.860 | 4.923 | +0.018 | | FEB | 4.820 | 4.820 | 4.803 | +0.018 | | MAR | 4.640 | 4.570 | 4.613 | +0.018 | | APR | 4.320 | 4.250 | 4.293 | +0.013 | | MAY | 4.260 | 4.190 | 4.223 | +0.003 | PHYSICAL GAS PRICES | Gulf/Eastern Region | | | Agua Dulce | 4.13 | | ANR SE | 4.13 | | Carthage TG | 4.16 | | Chicago Citygate | 4.36 | | Columbia Gulf Onshore | 4.17 | | Dominion TTT South(CNG S. Point) | 4.45 | | Henry Hub | 4.21 | | Houston Ship Channel | 4.26 | | Katy Hub | 4.22 | | NGPL - Midcontinent | 4.16 | | NGPL STX | 4.11 | | NGPL TX/OK | 4.17 | | Niagara | 4.48 | | Sonat Tier 1 | 4.17 | | TCO IPP Pool | 4.44 | | Tetco ELa | 4.16 | | Tetco M-3 | 4.57 | | Tetco STX | 4.10 | | TGP Zone 0 | 4.11 | | TGP Zone 1 | 4.19 | | TGT Zone SL | 4.18 | | New York Citygate | 4.58 | | Transco Station 65 | 4.23 | | Transco Zone 6 (NY) | 4.58 | | Trunk ELa | 4.05 | | Western Region | | | California Border | 12.60 | | El Paso Permian | 4.12 | | El Paso San Juan | 3.76 | | Waha Hub | 4.16 | | Canadian/Rockies Region | | | Nova/Aeco (in C$/GJ) | 5.76 | | Dawn Hub/Union | 4.48 | | Northwest Stanfield | 4.28 | | Wyoming Pool | 3.76 | | Opal | 3.76 | | PGT-Malin | 5.01 | | Sumas | 4.22 | POWER FUTURES | Month | COB | Change | PV | Change | | JUN | 350.00 | +0.00 | 365.00 | +10.00 | | JUL | 420.00 | +45.00 | 430.00 | +10.00 | | AUG | 515.00 | -10.00 | 535.00 | -5.00 | | SEP | 305.00 | -120.00 | 295.00 | +10.00 | | OCT | 325.00 | +0.00 | 190.00 | +0.00 | | NOV | 285.00 | +0.00 | 135.00 | +0.00 | | DEC | 315.00 | +0.00 | 140.00 | +0.00 | | JAN | 255.00 | +0.00 | 130.00 | +0.00 | | FEB | 250.00 | +0.00 | 120.00 | +0.00 | | MAR | 190.00 | +0.00 | 110.00 | +0.00 | | APR | 117.00 | +0.00 | 114.00 | +0.00 | | MAY | 117.00 | +0.00 | 114.00 | +0.00 | | Month | Entergy | Change | Cinergy | Change | | JUN | 71.25 | +4.25 | 62.75 | -3.50 | | JUL | 110.00 | +6.00 | 97.50 | -5.00 | | AUG | 110.00 | +6.00 | 97.50 | -5.00 | | SEP | 45.50 | +1.50 | 38.75 | -1.75 | | OCT | 40.25 | +0.75 | 38.25 | -1.25 | | NOV | 40.25 | +0.75 | 38.25 | -1.25 | | DEC | 40.25 | +0.75 | 38.25 | -1.25 | | JAN | 43.75 | +0.75 | 42.50 | -1.00 | | FEB | 43.75 | +0.75 | 42.50 | -1.00 | | MAR | 38.00 | +0.25 | 36.00 | -1.00 | | APR | 38.00 | +0.25 | 36.00 | -1.00 | | MAY | 45.00 | +0.50 | 41.75 | -0.25 | POWER FUTURES | Month | PJM | Change | | JUN | 65.50 | +3.50 | | JUL | 101.50 | +4.50 | | AUG | 101.50 | +4.50 | | SEP | 40.25 | -2.50 | | OCT | 39.00 | +0.25 | | NOV | 39.00 | +0.25 | | DEC | 39.00 | +0.25 | | JAN | 43.00 | -1.50 | | FEB | 43.00 | -1.50 | | MAR | 37.00 | -0.75 | | APR | 37.00 | -0.75 | | MAY | 42.25 | +1.50 | NATURAL GAS OPTIONS | | Closing | Days | Implied ATM | | Month | Price | Left | Volatility | | JUN | 4.279 | 18 | 53.83% | | JUL | 4.353 | 50 | 54.67% | | AUG | 4.425 | 80 | 54.45% | | SEP | 4.455 | 113 | 54.21% | | OCT | 4.493 | 141 | 55.41% | | NOV | 4.673 | 172 | 55.52% | | DEC | 4.853 | 204 | 55.01% | PHYSICAL POWER PRICES | | High | Low | Average | | | $/MWh | $/MWh | $/MWh | | Cinergy | 30.00 | 25.75 | 27.50 | | ECAR | 32.15 | 26.50 | 28.25 | | ERCOT | 43.50 | 42.50 | 43.00 | | Entergy | 39.00 | 34.00 | 36.35 | | TVA | 27.25 | 27.00 | 27.15 | | ComEd | 28.50 | 27.00 | 27.40 | | PJM West | 36.00 | 32.75 | 33.55 | | Main | 28.00 | 27.25 | 27.65 | | MAPP | 34.00 | 28.50 | 32.00 | | Palo Verde | 370.00 | 265.00 | 299.95 | | Mid C | 360.00 | 285.00 | 327.95 | | COB | 360.00 | 360.00 | 360.00 | | 4 Corners | 330.00 | 300.00 | 315.00 | | Mead | 330.00 | 315.00 | 322.50 | | NP 15 | 312.00 | 310.00 | 311.00 | | SP 15 | 270.00 | 270.00 | 270.00 | ________________________________________________ For a Free White Paper Report from FAME: Forward Curves Managing Price Risk Go to http://www.fame-energy.com/fcreg.htm _________________________________________________ Today's Power Bulletins * California Says BC Hydro Withholds Power on Credit Concerns * California Senator Feinstein Praises Williams Support of Interim Power Price Caps * FPL Group Capital Sells $500 Million 6-Year Notes * California Power Prices Soar a Day After Rolling Blackouts * AES Suspends $2.5 Billion in Brazilian Investments * Enron Bidding on UK Power Plants to Increase Profit and Reduce Risk * Lenders to Enron's Troubled Dabhol Power Project in India May Cut Interest Rate on Almost $2 Billion in Loans to Prevent Default * Enron Moves Executives Families Out of India * India's Maharashtra State Electricity Board May Fine Dabhol $158 Million for Allegedly Failing to Generate Power to Full Capacity within 3 Hours of Starting Plant After 12-Hour Break * New World Power Terminates Discussions to Acquire Block Island Power Company, a Regulated Rhode Island Utility * American Electric Power Supplements Investment in Altra Energy Technologies * Niagara Mohawk Files Proposed Settlement on Sale of Nine Mile Point Nuclear Stations * Fitch Encouraged By Nuclear Regulatory Commission's Recent Actions More stories with bulletins at http://www.enerfactsdaily.com ____________________________________________________ GET REAL about energy risk management with KWI In today's fast moving energy markets you need to be able to manage risk in real time. 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Call KWI - http://www.kwi.com Americas: +1-281-681-3301 / Europe: +44 (0) 20-7386-2700 / Asia Pacific: +61(0) 2-9976-6111 ________________________________________________ Today's Gas Bulletins * Canadian Natural Resources 1st Quarter Earnings Up 86% on Higher Sales and Prices * Anderson Exploration 1st Quarter Profit Jumps 350%, Beating Expectations * National Fuel Gas Expects Acquisition of Player Petroleum to Raise 2002 Earnings Past Analysts' Current Expectations * Statoil Says EU Rules May Reduce European Natural Gas Supplies * EU Sues French Government to Force Opening of Natural Gas Market * Canadian Rigs Drilling Up 7 in Past Week * Soaring Natural Gas Prices Help BP to 7th Consecutive Record Quarterly Profit; Up 52% from a Year Ago * Ultramar Raised to Strong Buy on Valero Bid * FERC Approves El Paso Plan to Convert 785 Miles of Existing Crude Oil Pipeline to Transport 230 MMcf per Day of Natural Gas from Texas to California Border More stories with bulletins at http://www.enerfactsdaily.com __________________________________________________ North American Gas Storage Conference Storage 2001 - 2002: Source of Stability or Chaos? June 22, Houston Find the answers at Ziff Energy's natural gas storage conference. A blockbuster roster of industry leaders from the utility, trading, pipeline and storage sectors in each of the North American storage regions will present timely, relevant information you can use. This conference will assist you in making critical decisions about your natural gas storage strategy for peaking and the remaining seasonal base fill. The game has changed - storage strategy has been kicked up a notch from buying for seasonal fill to real-time risk management. Session 1 Supply Shortage or Storage Inefficiencies: Last Winter's Saga El Paso Corporation - Byron Wright, VP Energy Information Administration, DOE - Jim Thompson, Industry Analyst Keyspan Energy - David Manning, Senior VP, Corporation Affairs Axia Energy - David Modesett, VP Session 2 The Changing Storage Paradigm: Dynamic Storage Service vs Seasonal Fill AEC Storage & Hub Services Inc. - Rick Daniel, President Williams Energy Marketing & Trading - Blake Herndon, Director, Risk Management NiSource Inc. - T.J. Aruffo, VP Energy Supply Services Enron North America - Paul Bieniawski, Director Duke Energy Gas Transmission - David Nightingale, VP MHP Session 3 Pricing it Right and Reducing Risk: Can We Expect Stability or Chaos in Winter 2001 - 2001? Aquila Energy - Mark Cook, VP The Exchange Center Conoco Gas and Power Marketing - Brad King, VP Storage Sempra Energy Trading - Dan Guertin, Meteorologist For more information or to register visit http://www.ziffenergyconferences.com, call 1-800-853-6252, or email us at gasconference@ziffenergy.com ________________________________________________ Natural Gas Futures End Higher Natural gas futures on the NYMEX closed higher yesterday as traders sought to cover their short positions due to a feeling that the market was oversold following the steep decline of the last several days. The June contract climbed $0.04 to $4.279 per MMBtu. June rose $0.039 to $4.353 per MMBtu. The market was basically just marking time until the AGA releases the latest storage injection figures this afternoon. The AGA is expected to announce an addition to storage of about 100 Bcf. A somewhat lower injection could spark a rally because the market has already discounted a triple digit build. However, an injection of over 115 Bcf could send the market to $4.00 in a hurry. A year ago, stocks for the same week rose 58 Bcf, and the five-year average injection is 61 Bcf. Since the AGA began reporting storage data, the highest ever recorded was 78 Bcf in 1998. If current weather models hold up, the Midwest and Texas will escape much of the summer's hottest temperatures, and right now, temperatures are mild across most of the nation. Look for technical support at the $4.20 level, and resistance is expected at $4.40. Natural gas for next day delivery across the US and Canada generally slipped $0.10 $0.15 per MMBtu yesterday, except in the west where most spot prices rose due to hot weather. Natural for next day delivery at the Henry hub dropped $0.12 to $4.21 per MMBtu. ________________________________________________ 25TH Annual CIS Conference May 15-18, 2001 Albuquerque, NM The CIS Conference provides utility management personnel unequaled insight and current information on customer relationship management (CRM), e-commerce, technologies and marketing. Fifty-four workshops conducted by utility industry representatives will focus on issues facing the industry with over 125 companies exhibiting the latest technologies and services. Former President George Bush is this year's honored keynote speaker. Plan now to attend the CIS Conference, May 15 to May 18, in Albuquerque, New Mexico. To learn more about the Conference and register on-line, please visit our website at http://www.cisconference.org _________________________________________________ Natural Gas NYMEX Volume 01JUN 31,687 01JLY 8,252 01AUG 3,731 01SEP 2,665 01OCT 2,878 01NOV 1,411 01DEC 1,912 02JAN 2,614 02FEB 2,190 02MAR 1,617 02APR 2,027 02MAY 998 02JUN 73 02JLY 175 02AUG 128 02SEP 45 02OCT 255 02NOV 176 02DEC 115 03JAN 870 03FEB 87 03MAR 86 03APR 26 03MAY 23 _______________________________________________ ENERGY. @ENERGY, FEA's Complete Suite of Energy Products, BUILT FOR THE FUTURE. *Manage all your energy risks. *Build and Price deals. *Value physical assets (generation, storage, etc.) *Report and reduce your energy risks FEA FINANCIAL ENGINEERING ASSOCIATES http://www.fea.com _________________________________________________ Fuel Cells 2000 Unveils New Career Center Fuel Cells 2000 has launched an online resource center for individuals interested in pursuing a professional career in the fuel cell industry. The resource was created in response to the hundreds of emails and letters inquiring about employment opportunities in the growing fuel cell job market. The Fuel Cell Career Center (www.fuelcells.org/careercenter/fccenterhome.html) provides information in three separate areas of activity - Education, Employment Opportunities, and Professional Development - to service every stage of the job search, from laying the groundwork with a fuel cell-focused degree to training and workshops at the professional level. * The Educational Activities section includes background information for students interested in pursuing an undergraduate or graduate degree involving fuel cell technologies, internship opportunities and information on curriculum materials and educational kits for teachers. * For job seekers, the Employment Opportunities section of the Career center has listings and links to websites offering jobs within the fuel cell industry, company profiles to learn more about individual fuel cell companies and their activities, and will soon have job posting boards for companies to display employment listings. * For Professional Activities, Fuel Cells 2000 has compiled a listing of workshops and seminars to provide opportunities for information exchange and networking in the fuel cell industry as well as links to Professional Associations related to engineering, fuel cells and renewable energy. __________________________________________________ "New Horizons Solutions for the 21st Century" An Energy Efficiency Workshop and Exposition Kansas City, Missouri June 3 - June 6, 2001 For more information go to http://www.energy2001.eee.doe.gov _________________________________________________ TransCanada to Sell Natural Gas Marketing Unit TransCanada PipeLines plans to sell its money losing natural gas marketing unit to concentrate on more profitable power generating plants and pipelines. It expects to begin the sale process within the next couple of months. The natural gas marketing unit had a C$6 million loss in the first quarter, compared with a C$10 million profit a year ago. Last year, TransCanada shed C$3.4 billion in unprofitable businesses. _________________________________________________ SUNGARD Solutions for Success in Energy Trading Epsilon and Panorama Energy Risk and complexity are inevitable components of every trading transaction within today's volatile energy market. Having the right tools to manage and control those risks has become a determining success factor. SunGard provides those tools with Epsilon and Panorama Energy - comprehensive solutions designed to create measurable competitive advantages for energy trading organizations and utility companies worldwide. To receive more information or a free demonstration, we invite you to contact us at 713-266-7771 or visit our web site at http://risk.sungard.com/energy. ________________________________________________ Weather NOAA says last week's total of 26 heating degrees days was 22 less than the previous week, 26 below normal and 12 below the same week last year. It also reported a total of 24 cooling degree days last week, 12 more than the previous week, 12 above normal and seven above the same week last year. The latest NWS 6 to 10-day forecast calls for above-normal temperatures for most of the West and Southeast, with below normal readings expected in the Northeast. Seasonal temperatures were predicted for the Mid-Atlantic, upper Midwest and parts of Texas, Florida and the Northwest. ________________________________________________ Upcoming Energy Seminars Power Techniques for Power Purchasing Baltimore May 10-11, Kansas City Oct 4-5, Las Vegas Nov 29-30 Gas Contracts A - Z 101 & 202 Houston - Fall(see web page for update) Natural Gas 101 Dallas June 4-5, Houston July 17-18, Philadelphia Aug 9-10, Houston Sept 13-14, Atlanta Oct 11-12, Houston Nov 27-28, Oklahoma City Dec 6-7 FASB 133: Accounting for Derivatives Houston June 15 Basis Trading - Natural Gas Houston June 13-14, Philadelphia July 12-13, Houston Aug 16-17, Toronto Sept 20-21, Houston Oct 16-17, Atlanta Nov 8-9, Houston Dec 13-14 Petroleum Products Hedging Houston June 26-27, Houston Sept 27-28, Houston Nov 27-28, Gas Processing Contracts Oklahoma City Sept 11-12, Houston Nov 13-14 Electricity 101 Houston Jun 13-14, Houston Sept 5-6, Washington DC Oct 23-24, Houston Dec 5-6 Electricity 202 Houston May 8-9, Houston Nov 6-7 Energy Seminars, Inc Phone 281-362-7979 See http://www.energyseminars.com for more details. ________________________________________________ Enron's Lay Calls for Open Access to Transmission Grid Ken Lay, chairman of Enron, says that generators should have easier access to the power grid. Lay spoke after receiving the US Energy Association's 2001 US Energy Award, saying that today we don't have open access to the transmission grid, and we could get more power into the West if we had open access. He says the FERC should open up the power grid throughout the nation so generators no longer have to pay a series of separate fees to move electricity from one region to another. He also says FERC has the authority to open up the power grid in the same way that natural gas pipeline transmissions work. It's clear we've under-invested in energy infrastructure in the last 10 to 15 years, and it's going to take a few years to correct that. ________________________________________________ And now there's FASB 133. So history will affect reported earnings, because hedge efficiencies and derivative valuations will hit the bottom line. At FAME, we deliver quality historical information and analysis. For your FREE copy of the recent report, Protecting Your Earnings: Managing the FASB 133 Challenge, visit www.fame-energy.com _______________________________________________ Kinder Morgan and Calpine Offer 2 Open Seasons for Sonoran Pipeline Kinder Morgan Energy Partners and Calpine have announced that two open seasons have begun and will continue through June 1st on the recently announced Sonoran Pipeline. A binding open season is being held on Phase One of Sonoran - which would run from the San Juan Basin in New Mexico to the California border - to give shippers the opportunity to commit to firm capacity on the pipeline. A non-binding open season is being held simultaneously on Phase Two of the project - which would extend the pipeline from the California border to the San Francisco Bay area - to give potential shippers the opportunity to express their interest in obtaining firm capacity to California delivery points. Sonoran has received a binding commitment from Calpine Energy Services for 400,000 Dth per day on Phase One and a non-binding commitment for 500,000 Dth per day for Phase Two. The proposed pipeline will be a 1,030-mile, high-pressure interstate natural gas pipeline from the San Juan Basin in northern New Mexico to markets in California and is projected to be in-service date by the summer of 2003. _______________________________________________ Progas Storage Services, Inc was recently organized to offer specialized natural gas storage services to marketers and end users servicing the upper Midwest and Northeast market regions along the major transmission systems in Indiana, Illinois, Kentucky, and Michigan. PGSMI has 10 bcf of potential working capacity which will offer service along TXG, ANR, Midwestern, and is currently evaluating for purchase another 21 bcf of potential working capacity which can be serviced by these and other systems in the region. PGSMI also explores for natural gas in the Gulf Coast region through a wholly owned subsidiary. Progas intends to go public through a route of private industry offerings, and an IPO or registration. For more information on services or the company mail to: gastorage@aol.com or for AOL mail to gastorage@aol.com; web site currently under construction at: http://www.progas.net/wip. The company's executive and administrative office is located in Abilene, Texas with storage operations in Owensboro, KY and exploration operations in Corpus Christi, TX. Progas Storage Services, Inc 8610 S. Hwy 277 Abilene, TX 79606 Ph 915 698 3699 Fx 915 698 2859 _____________________________________________ Power Suppliers to Meet with California Governor Executives from energy suppliers are meeting with Californias governor today, and several are willing to discuss concessions that include price limits on power sold within the state. Last week the governor said he would seek to force the suppliers to accept reduced payment for billions of dollars owed by the states utilities. In the face of a state investigation into alleged market manipulation, some generators are willing to discuss limits on prices for some electricity sold to the state. Williams says it is prepared to support temporary price controls that would extend through the summer of 2002. Williams is also willing to discuss a range of possible alternatives for repayment of past debts owed to it. Reliant will reiterate an earlier offer to sell some electricity to the state at $20 per MWh if the buyer will pay for the natural gas to generate the power. Duke Energy has proposed accepting less than full payment for power sold to the state in return for an end to state and federal investigations into the prices they charged. Duke, Enron, AES, Dynegy, Mirant, El Paso Energy, Reliant, and Williams will all send executives to Sacramento to the meeting. ______________________________________________ GasTrader.Net BULLS CAUTIOUS In spite of slip sliding natural gas prices, analysts are still cautiously bullish. There seems to be little incentive to abandon the bullish cause with the prospects of hot summer weather looming."This is a weak market, but I think that below $4.60 you have to anticipate the return of industrial demand. It's really a wild card as to whether that demand will take the edge off the current large injections. Over the past month, the market has gone through a major change. Production has increased, storage is higher, and the injection last week at 102 BCF was the largest since June of 1998,' says George Ellis, broker analyst with BNP Paribas, New York. "I was skeptical of the whole concept of demand erosion, but it's obviously real and when you combine that with an increase in production, the supply demand balance becomes clear. There is potentially more room to the downside, but the wild card is weather and if that kicks in, prices could move sharply higher. If prices fell to $4.38 then that would be a reason to put on another 25% hedge. As long as we're holding these prices I think there's a good chance prices will rally higher. I'm cautiously bullish. I would not be an aggressive seller," he said. For a Complimentary 5 week GasTrader Subscription go to http://www.gastrader.net or call 303/761-7470 _____________________________________________________ TRENTON/BLACKRIVER "BOOM" IN WEST VIRGINIA Land and Mineral Development LLC., Vienna, West Virginia, owns 85,000 acres of mineral rights in Southeastern West Virginia. The first Trenton/Blackriver production found in the state, was in a well drilled in 1962 by Tidewater Oil Company adjoining our property. We need an industry partner. Geophysicist report and other information available. The 85000 acres would also make a great gas storage field. We also have another small storage field for sale near the new Trenton Wells. Email - Driller@wirefire.com Qualified Industry Principals only please. This is not an offer to sell anything to anyone. Land and Mineral Development LLC., P.O. Box 5370 Vienna, West Virginia, 26105 (304) 295-3333 _______________________________________________ Blackouts Hit California Again California residents suffered through a second day of rolling blackouts yesterday as temperatures soared, driving demand ahead of supply. The California ordered that as of 3:10 PM the state's utilities must cut 400 MW. Blackouts had been forecast by the ISO since early in the morning with the heat coming at a time when many power plants are still off-line for maintenance. The Los Angeles Department and Power, was as usual was excluded from the blackouts. The LADWP is not under the ISO's control and has more than enough generation to meet its demand. The ISO said demand was running about 1,000 MW above Monday's levels. Earlier Tuesday, the ISO had projected blackouts could be ordered before noon, but the return to service of two 500-kilovolt lines operated by BC Hydro meant more power was able to flow south. About 700 MW produced by small suppliers, known as Qualifying Facilities, are currently offline because they have not been paid. The hot temperatures are likely to continue today, with the threat of more blackouts. _______________________________________________ CAMINUS ENERGY SOFTWARE SHOWCASE 2001 HOUSTON, TEXAS You're Invited To a four hour exposition of software and services that will set the new standard for the energy trading, scheduling, and risk management. Join us and compare your existing system with our latest product offerings. Thursday, June 14, 2001. 3p.m. to 7p.m. Houston Petroleum Club 800 Bell Avenue, 43rd Floor For more information or to register on-line, visit http://www.caminus.com. You may invite up to two qualified colleagues to join you. Nucleus Software . ZaiNet Software ZaiNet Gasmaster 2 . ZaiNet WeatherDelta ___________________________________________________ FINANCIAL SUMMARY The TSE 300 gained 41.60 points to 8064.20 The CRB Index lost 0.02 points to 214.60 The US Dollar increased 0.69 points to 116.08 The Dow declined 51.66 points to 10883.51 The S&P 500 lost 2.31 points to 1261.20 The Nasdaq was up 25.20 points to 2198.77 June NYMEX Crude Oil dropped 0.47 to 27.39 Canadian-US Exchange rose .0041 to 1.5444 ___________________________________________________ EnerfactsDaily Job Center at http://www.enerfactsdaily.com New Job Postings Include: * Sales-Business Development * Operations Specialist * Account Director -Marketing/Transportation _____________________________________________________ Need a past issue of Enerfax Daily or Enerfax GOLD. 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