KORNER REPORT / Closing Markets
Toronto Stock Exchange
TSE 300 COMPOSITE INDEX IS DOWN
PERCENTAGE CHANGE .58%
POINTS CHANGE 38.52
TSE 300 INDEX LEVEL 6593.53
TRADING VOLUME 102,096,319
VALUE $1,954,409,450.00
TRANSACTIONS 59,094
ADVANCING ISSUES 431
DECLINING ISSUES 512
UNCHANGED ISSUES 263
THE S+P/TSE 60 INDEX IS DOWN
POINTS CHANGE 2.98
S+P/TSE 60 INDEX LEVEL 381.10
TSE 35 INDEX IS DOWN
PERCENTAGE CHANGE .79%
POINTS CHANGE 2.87
TSE 35 INDEX LEVEL 357.21
TSE 100 INDEX IS DOWN
PERCENTAGE CHANGE .76%
TOTAL POINTS CHANGE 3.06
TSE 100 INDEX LEVEL 402.33
2 OF THE SUB-GROUP INDICES ARE HIGHER
CONSUMER PROD IS UP 77.74 OR .63% TO $12492.97
ACTIVE STOCKS
ATI TECHNOLOGIES IS UP $0.90 TO $19.40
BID.COM IS DOWN $0.10 TO $ 6.75
LARGE PRICE CHANGES
JDS FITEL IS UP $8.60 TO $50.60
POTASH CORP IS DOWN $6.75 TO $97.50
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Montreal Stock Exchange
Trading HEAVY
Volume traded: 10.9 million shares
Value traded: 170.0 million dollars
Indices:
XXM close -25.74 3406.82
high 3462.14
low 3386.85
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Montreal Stock Exchange most active stocks:
BOMBARDIER Cl B -0.60 20.90
BIOCHEM PHARMA -0.40 40.85
MITEL CORP. +0.10 12.75
LAIDLAW INC. -0.10 13.80
RIGEL ENERGY -0.75 9.00
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Vancouver Stock Exchange
Trading was moderate on a volume of 20.9 million shares worth 27.6
million dollars, with 116 advances, 112 declines and 271 issues
unchanged.
The VSE Composite Indicator closed down 0.81 at 413.89, while the VSE
Mining Indicator closed down 0.42 at 306.41.
Most Active Issues by Volume
Volume Name Sym Close Change
1,803,200 Maracote International Resources Inc. MCE 0.88 +0.05
1,681,867 Uniglobe Travel OnLine Inc. UTO 6.35 -0.05
1,137,400 Ulysses International Resources Ltd. URI 0.20 +0.04
814,750 Infowave Wireless Messaging IWM 1.60 -0.23
508,150 Oriole Systems Inc. OOL 0.41 -0.04
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Alberta Stock Exchange
Shares Dollar Issues
Traded Value Traded Advances Declines Unchanged
8,544,778 4,535,506.00 371 129 120 122
Net
Top Five Dollar Value Volume Close Change Trades
450,165.00 AASTRA TECHNOLOGIES L 109,500 4.150 .150 11
438,488.00 VALU-NET CORPORATION 272,667 1.550 .050- 133
353,616.00 TELEBACKUP SYSTEMS 31,344 11.000 29
147,200.00 HIGHPOINT TELECOMMUNI 17,500 8.600 .100 5
142,864.00 ONTEX RESOURCES LTD 107,900 1.320 .050 42
Net
Top Five Volume Value Close Change Trades
512,219 THE AZTERRA CORPORATI 25,611 .050 1
350,000 ICE DRILLING ENT 25,620 .075 .005 26
272,667 VALU-NET CORPORATION 438,488 1.550 .050- 133
249,643 RADAR ACQUISITIONS 127,604 .550 .100- 27
244,000 SEPIK GOLD CORPORATIO 86,040 .400 .060 7
Alberta Stock Exchange Combined Value Index: 1,829.57 Change: .86
J-JCP Total Number of Trades: 1,690
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NYSE
Crude oil futures continued their slide on the New York Mercantile
Exchange amid perceptions U.S. inventories will only get larger in
coming weeks.
Investors digested news that the Clinton administration had proposed
to the United Nations that Iraq be allowed to sell as much oil as it
can to purchase food and medicine.
Under an exception to a years-long U.N. embargo following Iraq's
invasion of Kuwait, Iraq currently is allowed to sell slightly more
than $5.2 billion in oil every six month to buy food and medicine.
Some analysts noted that Iraqi facilities currently are not capable
of handling increased capacity, making the U.S. proposal moot, but
market participants saw the announcement as another sign a world
supply glut will not end soon.
Crude fell a day earlier after the American Petroleum Institute
reported inventories jumped 1 percent, or 3.1 million barrels, in
the past week, surpassing expectations of a modest increase.
--------------------CRUDE OIL-LIGHT SWEET---------------------
NYM - 1,000 bbl_dollars per bbl.
CONTRACT
OPEN HIGH LOW SETTLE CHANGE HIGH LOW
Feb 99 12.32 12.54 12.10 12.15 -.16 20.79 10.75
Mar 99 12.40 12.58 12.16 12.22 -.16 20.40 11.10
Apr 99 12.61 12.67 12.27 12.32 -.16 20.79 11.35
May 99 12.75 12.80 12.40 12.46 -.16 20.79 0.01
Jun 99 12.87 12.95 12.60 12.61 -.16 20.42 11.48
Jul 99 12.97 12.97 12.77 12.77 -.14 20.40 12.20
Aug 99 13.15 13.15 12.93 12.93 -.12 20.04 12.51
Sep 99 13.28 13.30 13.08 13.08 -.11 20.33 12.76
Oct 99 13.39 13.39 13.23 13.23 -.10 20.14 12.97
Nov 99 13.53 13.56 13.39 13.39 -.09 20.60 13.17
Dec 99 13.70 13.72 13.55 13.55 -.09 20.34 13.37
Jan 00 13.88 13.88 13.69 13.69 -.09 19.88 13.57
Jun 00 14.53 14.53 14.30 14.30 -.06 20.34 14.30
Feb 02 12.32 12.32 12.32 12.32 -.24 12.56 12.32
Est. Sales 148836
-------------------------HEATING OIL-------------------------
NYM - 42,000 gal_cents per gal
CONTRACT
OPEN HIGH LOW SETTLE CHANGE HIGH LOW
Feb 99 33.90 34.70 32.70 32.77 -1.01 58.50 32.40
Mar 99 34.50 34.90 33.20 33.31 -.99 58.81 33.10
Apr 99 35.25 35.30 33.70 33.76 -.94 59.00 33.70
May 99 35.45 35.50 34.36 34.36 -.79 54.56 34.30
Jun 99 35.90 36.10 35.01 35.01 -.69 52.75 35.01
Jul 99 36.70 36.70 35.81 35.81 -.64 52.90 35.81
Aug 99 37.45 37.45 36.61 36.61 -.59 50.55 36.61
Sep 99 38.40 38.40 37.46 37.46 -.54 52.00 37.46
Oct 99 39.15 39.25 38.36 38.36 -.49 52.00 38.36
Nov 99 40.10 40.10 39.26 39.26 -.44 52.44 39.26
Dec 99 40.85 40.85 40.16 40.16 -.39 52.70 40.16
Jan 00 41.45 41.45 40.76 40.76 -.39 50.75 40.74
Feb 00 41.55 41.55 40.76 40.76 -.39 50.08 40.74
Mar 00 40.95 40.95 40.61 40.61 -.39 50.60 40.59
Apr 00 40.60 40.60 40.26 40.26 -.39 49.04 40.26
Jun 00 41.35 41.35 40.41 40.41 -.39 42.85 40.41
Est. Sales 39680
--------------------------NATURAL GAS-------------------------
NYM - 10,000 mm british thermal units.
CONTRACT
OPEN HIGH LOW SETTLE CHANGE HIGH LOW
Feb 99 1.770 1.815 1.730 1.809 +.039 2.770 1.730
Mar 99 1.800 1.840 1.758 1.832 +.033 2.600 1.758
Apr 99 1.805 1.850 1.785 1.845 +.031 2.440 1.785
May 99 1.825 1.870 1.820 1.867 +.027 2.380 1.815
Jun 99 1.860 1.895 1.846 1.892 +.022 2.380 1.840
Jul 99 1.880 1.920 1.876 1.920 +.020 2.390 1.870
Aug 99 1.900 1.940 1.900 1.940 +.020 2.390 1.900
Sep 99 1.940 1.960 1.920 1.960 +.020 2.380 1.920
Oct 99 1.975 2.010 1.975 2.010 +.020 2.415 1.970
Nov 99 2.130 2.155 2.130 2.150 +.020 2.535 2.115
Dec 99 2.269 2.305 2.260 2.300 +.020 2.680 2.213
Jan 00 2.320 2.350 2.320 2.347 +.018 2.655 2.310
Feb 00 2.250 2.280 2.250 2.272 +.016 2.545 2.240
Mar 00 2.168 2.175 2.160 2.175 +.014 2.426 2.150
Apr 00 2.095 2.107 2.090 2.107 +.012 2.320 2.075
May 00 2.080 2.083 2.080 2.083 +.012 2.300 2.057
Jun 00 2.090 2.100 2.090 2.094 +.012 2.308 2.065
Jul 00 2.105 2.109 2.105 2.109 +.012 2.320 2.083
Aug 00 2.110 2.113 2.110 2.113 +.012 2.320 2.090
Sep 00 2.115 2.116 2.115 2.116 +.012 2.321 2.100
Oct 00 2.135 2.136 2.135 2.136 +.012 2.341 2.100
Apr 01 2.149 2.149 2.141 2.141 +.012 2.315 2.135
May 01 2.134 2.134 2.126 2.126 +.012 2.305 2.114
Jun 01 2.136 2.136 2.130 2.130 +.014 2.291 2.095
Jul 01 2.137 2.137 2.134 2.134 +.017 2.291 2.095
Aug 01 2.145 2.145 2.142 2.142 +.017 2.273 2.102
Sep 01 2.152 2.152 2.149 2.149 +.017 2.220 2.132
Oct 01 2.179 2.179 2.176 2.176 +.017 2.223 2.133
Nov 01 2.319 2.319 2.316 2.316 +.017 2.379 2.271
Dec 01 2.460 2.460 2.457 2.457 +.017 2.500 2.410
Est. Sales 57723
------------------------UNLEADED GAS--------------------------
NYM - 42,000 gal_cents per gal
CONTRACT
OPEN HIGH LOW SETTLE CHANGE HIGH LOW
Feb 99 36.50 36.90 35.55 35.60 -.80 52.75 34.10
Mar 99 37.93 38.05 36.80 36.84 -.76 52.30 35.60
Apr 99 41.00 41.00 39.90 39.99 -.66 55.00 38.70
May 99 41.70 41.70 40.95 40.95 -.60 55.83 39.90
Nov 99 41.75 41.75 40.75 40.75 -.50 46.82 40.75
Jan 00 41.60 41.60 40.80 40.80 -.50 42.94 40.80
Est. Sales 25888
======================================================================
Weekly Canadian Spot LPG prices - Jan 14
FOB US CTS/GALLON SARNIA
EDMONTON PROPANE (spot) 24.00/24.75 15.25/15.75
BUTANE 23.75/24.25
ISOBUTANE 24.25/24.75 15.50/16.00
FIELD BUTANE 14.75/15.25
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Canadian Spot Gas Export Prices - Jan 14
EXPORT (JAN SWING) $CDN/GJ $US/MMBTU
HUNTINGDON B.C. 2.31/2.38 1.62/1.67
KINGSGATE B.C. (TO PNW) 2.25/2.32 1.58/1.63
MONCHY SASK 2.28/2.35 N 1.60/1.65 N
EMERSON MAN 2.45/2.52 1.72/1.77
NIAGARA ONT 2.68/2.75 1.88/1.93
Canada/U.S. dollar conversion based on Bank of Canada rate.
N=Notional
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Canadian Spot Natural Gas Domestic Prices - Jan 14
DOMESTIC (JAN SWING) $CDN/GJ $US/MMBTU
ALBERTA PLANT-GATE 2.05/2.10 1.44/1.48
ALBERTA BORDER - EMPRESS 2.20/2.25 1.55/1.58
STATION 2, B.C. 2.22/2.27 1.56/1.60
SASK. PLANT-G
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U.S. Spot Natural Gas prices - January 14
JANUARY ($/mmBtu) 1/14 1/13
U.S. GULF OFFSHORE 1.64/1.69 1.74/1.79
TEXAS COAST 1.65/1.70 1.78/1.83
WESTERN TEXAS 1.65/1.70 1.76/1.81
LOUISIANA COAST 1.72/1.77 1.81/1.86
NORTHERN LOUISIANA 1.74/1.79 1.83/1.88
OKLAHOMA 1.71/1.76 1.78/1.83
APPALACHIA 1.86/1.91 1.94/1.99
SO. CALIFORNIA BORDER 1.79/1.84 1.90/1.95
HENRY HUB 1.76/1.78 1.85/1.89
WAHA HUB 1.68/1.73 1.79/1.84
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Shell Canada Lowers Light Oil Prices
COMPANY EFF DATE LT SWEET LT SOUR
CDLR/BBL CDLR/M3 CDLR/BBL CDLR/M3
IMPERIAL OIL 01/13/98 17.81 112.00 17.33 109.00
SHELL CANADA 01/13/98 17.49 110.00 16.85 106.00
SUNCOR* 01/13/98 18.28 115.00 16.85 106.00
PETRO-CANADA 01/13/98 17.65 111.00 17.01 107.00
KOCH OIL 01/13/98 17.65 111.00 17.01 107.00
Light sweet marker crude at Edmonton/Swan Hills......40 API,
0.3 pct sulphur
Light sour at Cromer, Man....33 API, 1.1 pct sulphur
*Suncor light sour...........35 API, 1.2 pct sulphur
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Shell Canada Heavy Oil Prices
COMPANY EFF DATE BOW RIVER HARDISTY MEDIUM,
(CDLR/M3) BLEND MEDIUM** CROMER
IMPERIAL 01/13/98 92.00 -- 99.00
SHELL CANADA 01/13/98 -- 93.00 96.00
SUNCOR 01/13/98 -- -- 96.00
PETRO-CANADA 01/13/98 -- 91.00* --
KOCH OIL 01/13/98 89.00 93.00 97.00
Bow River Blend, Hardisty.....Stream Quality Hardisty
Medium...............29.3 API, 1.6 pct sulphur
*Petro-Can Hardisty Medium....25.7 API, 2.1 pct sulphur
Medium at Cromer, Man.........29.3 API, 2.0 pct sulphur
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