Enron Mail |
Mime-Version: 1.0
Content-Type: text/plain; charset=ANSI_X3.4-1968 Content-Transfer-Encoding: 7bit X-From: "Enerfax Energy" <enerfax1@bellsouth.net< X-To: <enerfaxweb@egroups.com< X-cc: X-bcc: X-Folder: \Frank_Ermis_Dec2000\Notes Folders\All documents X-Origin: Ermis-F X-FileName: fermis.nsf ? Subject: Click and go to http://www.enerfax.com if can not view properly.htm ? [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] Click here for a daily email link Enerfax Daily [IMAGE] [IMAGE] Enerfax Daily? -? Page ? -? November 6, 2000? -? ? Need a Past Issue -Click Here [IMAGE] Enerfax Daily? -? Page ? -? November 6, 2000 [IMAGE] [IMAGE] [IMAGE] Enerfax Daily? -? Page 5? -? November 6, 2000 [IMAGE] CFTC Report Shows Speculators Neutral on Energy Futures ? ? ?Speculators maintained a neutral position on crude and heating oil futures for the week ending last Tuesday, having cut bets on rising prices they made a few weeks ago, according to the CFTC report. The neutral posture helps to explain why the market has had trouble getting out of the recent price range. As a group, the hedge funds are not looking for a rally or a big decline, they're just watching for fresh indicators. Crude oil prices have been between about $32 and $34 per barrel on the NYMEX since mid-October, after a brief rally to $37. Prices closed Friday at $32.71 per barrel. Speculators had bought 39,480 crude oil contracts and sold 40,373 contracts, giving them a net short position of 893 contracts. The funds held net-long positions for most of the year, with a peak of 47,171 lots in February. Similarly, speculators' heating oil bets were almost neutral. Net long positions were 1,436 lots after declining every week from a high for the year of 25,780 lots on September 12th. The following table shows the changes. Contract? ? ? ?Date? ? ?Longs? ? ?Shorts? ? Longs Minus Shorts Crude? ? ? ? ?Oct. 31? ?39,480? ? 40,373? ? ? ? ? ?-893 Crude? ? ? ? ?Oct. 24? ?35,427? ? 39,316? ? ? ? ?-3,889 Heating Oil? ?Oct. 31? ?12,574? ? 11,138? ? ? ? ? 1,436 Heating Oil? ?Oct. 24? ?14,484? ? ?6,277? ? ? ? ? 8,207 Gasoline? ? ? Oct. 31? ? 6,377? ? ?5,092? ? ? ? ? 1,285 Gasoline? ? ? Oct. 24? ? 5,525? ? ?6,056? ? ? ? ? ?-531 Natural Gas? ?Oct. 31? ?13,023? ? ?9,924? ? ? ? ? 3,099 Natural Gas? ?Oct. 24? ?17,018? ? ?8,524? ? ? ? ? 8,494 [IMAGE] Enerfax Daily? -? Page 6? -? November 6, 2000 [IMAGE] Enerfax Daily? -? Page 7? -? November 6, 2000 [IMAGE] ONEOK and Duke Signed Long Term Transportation Agreement ? ? ONEOK and Duke Energy have signed a long term natural gas transportation agreement under which ONEOK will transport all the volumes needed to power a 500 MW Power Plant in Oklahoma owned by Duke. ONEOK Gas Transportation's pipeline system will move up to 85,000 MMBtu per day to Duke's combined cycle McClain Energy Facility in Newcastle. Financial details of the agreement were not disclosed. [IMAGE] Financial Summary [IMAGE] ")} TC [IMAGE] - blnk.gif - img14.gif - img15.gif - img16.gif - img17.gif - img18.gif - img19.gif - img20.gif - img21.gif - img22.gif - img23.gif - img24.gif - img25.gif - img8.gif - img26.gif - id=1381847 - img27.gif
|