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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Peter W. Panchyshyn who wrote (1389)9/10/2001 9:16:19 AM
From: VisionsOfSugarplums  Respond to of 11633
 
Normally the seller pays for transpostation to get the natural gas to the delivery point of sale(that is, where the sale contract is pegged at). For example, if I sell 10 GJ/d at Empress, then I pay only the cost of transportation to get it to Empress. The sale price would then be pegged at the Empress contract price. Then, depending on where the buyer wants to sell the gas, he/she may pay transportation to deliver it to that market. So if he/she then decides to sell it under a NYMEX contract, then he/she must pay the transportation to get it to that sale point (however, they're of course compensated by a higher sale price).

t.



To: Peter W. Panchyshyn who wrote (1389)9/11/2001 11:26:08 PM
From: eWhartHog  Read Replies (1) | Respond to of 11633
 
<<If the Empress contracts were priced in
US dollars, that price wouldn't make sense.
It'd be too high.>>

From the earlier referenced NGX website under Trading -- NGX Market Centres:

Additional features of the NGX Empress Market Centre include:
Priced in Canadian dollars per gigajoule


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