Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Peter W. Panchyshyn who wrote (1431)	9/12/2001 12:09:19 AM
From: trustmanic	Read Replies (1) \| Respond to of 11633

London Brent blend future $31.05 a barrel..

To: Peter W. Panchyshyn who wrote (1431)	9/12/2001 12:22:41 AM
From: eWhartHog	Read Replies (1) \| Respond to of 11633

NGX trades more than one contract. Some trade in US$/MMBtu, but the site states the NGX Empress Market Centre contract, which was being discussed, is priced in Canadian dollars per gigajoule. A longer passage from the website: SYNOPSIS OF NGX TRADING SYSTEM Natural Gas Exchange (NGX) provides electronic trading at three major Canadian market centres: NGX Intra-Alberta, NGX Empress and NGX Union Dawn. The key features of electronic trading through NGXTS are as follows: Real-time price visibility and discovery Non-discriminatory order matching - all trades are matched on the basis of price and FIFO Provides an array of spot and forward instruments to facilitate portfolio management NGX contractually assures all transactions (physically and financially) that are executed on its Trading System Standard trading instruments designed to serve traders requirements Identical contract (CPA) is signed by all trading parties Anonymous trading, with numerous buyers and sellers Reliability with 99.97% availability since inception Customer access through their own PC from office or home Price Index for near month contracts are updated and available daily for portfolio management "Back room" functions are performed by NGX (credit, nominations, invoicing) NGX MARKET CENTRES NGX INTRA-ALBERTA Market Centre Located on the TransCanada PipeLines Limited (west) pipeline system, the Intra-Alberta Market Centre was the first to be offered by NGX and is the most liquid electronic natural gas trading hub in Canada today. As such, it provides for real-time price discovery for the Alberta cash market and added convenience for customers in its seamless integration of nominations and delivery mechanisms. As NGX acts as the agent for the counterparties, complete anonymity is assured from transaction through to delivery. Additional features of the NGX Intra-Alberta Market Centre include: Trading in Canadian dollars per gigajoule with a minimum lot of 1 terajoule Deliveries are conducted as NOVA Inventory Transfers (NIT) via a Third-party Title Transfer Point Market liquidity provides for excellent NOVA balancing opportunities Real-time and realistic price discovery Contractually assured delivery of gas transacted via firm backstopping provided by AECO C HubTM Flexible access to trading on the Market Centre from the customer's own office Monthly invoicing structure Standard, industry-prescribed fixed & NYMEX basis instruments (e.g. Same Day, Near-Month and Index) Variety of industry participants NGX EMPRESS Market Centre Located on the TransCanada PipeLines Limited (TCPL) interconnect at Empress, Alberta (just inside the Alberta/Saskatchewan border), the Empress Market Centre was designed to assist eastern local distribution companies, marketers and industrial end-users in taking title of Alberta natural gas. With the addition of Empress to its portfolio, NGX is able to provide price discovery and enhanced gas supply management to customers across Canada. All transactions are completed in total anonymity with deliveries facilitated using TCPL’s multiple handshake procedure and nomination schedule. Additional features of the NGX Empress Market Centre include: Priced in Canadian dollars per gigajoule Real time and realistic price discovery Fixed price and indexed forward contracts available for trading Contractually assured delivery of gas transacted via backstopping hub services agreement Flexible access to trading on the Market Centre from the customer's own office Monthly invoicing structure Standard, industry-prescribed instruments (e.g. Spot Day, Near-Month and Index) Variety of industry participants NGX UNION DAWN Market Centre Located on the Union Gas Limited (Union) transmission system at the interconnect with TransCanada PipeLines Limited (TCPL), the NGX Union Dawn Market Centre provides the benefits of the NGX trading and clearing platform to this growing hub. Interest in the Ontario market and the Dawn point is expected to grow as the power industry is restructured and as new pipelines projected to pass through Ontario are completed. All transactions at the NGX Union Dawn market are anonymous and deliveries are facilitated utilizing the Union Gas Name Change service. Additional features of the NGX Union Dawn Market Centre include: Priced in US dollars per MMBtu Physically cleared in gigajoules Fixed price and NYMEX basis forward contracts available for trading Contractually assured delivery of gas transacted via backstopping hub services agreement with the Union Gas Storage Hub

To: Peter W. Panchyshyn who wrote (1431)	9/12/2001 10:37:18 AM
From: VisionsOfSugarplums	Respond to of 11633

Yes, and that contract is NGX Basis Alberta. The contract we have all been talking about is NGX Empress. You do understand that basis is the difference in price between spot (cash market) and the nearest futures contract? The futures contract in this case is front month NYMEX Henry Hub, cash is at AECO (which is not Empress). Apologies to the thread for another post on pricing, however the confusion was too much to bear. toowit@MyLastPostOnTheSubject On a more important note - would just like to express my prayers and best wishes to all those affected by the recent tragedies in the US.