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---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 12/22/99
04:59 PM --------------------------- "Webmaster@cera.com" <webmaster on 12/20/99 11:35:46 AM To: undisclosed-recipients:; cc: (bcc: Vince J Kaminski/HOU/ECT) Subject: CERA Multimedia Presentation: Monday, December 20, 1999 ********************************************************************** CERA Multimedia Presentation Replay Now Available! Monday, December 20, 1999 ********************************************************************** Title: The Merger and Acquisition Dilemma Author: North Natural Gas Team E-Mail Category: Conference Call, Multimedia Product Line: North American Natural Gas URL: http://www.cera.com/client/nag/media.cfm This year's delayed heating season has provided much-needed breathing room for gas markets. With significantly warm weather in November and December, fourth quarter demand has dropped considerably below expectations, and storage inventories have remained higher than projected. This has temporarily eased the upward pressure on prices, but the fundamentals remain aligned for tighter gas markets to come. In a December 14, 1999 Conference Call, CERA's North American Natural Gas Team discussed the status of the current market: ? Warm weather so far this winter released pressure in the North American gas market - this pressure has already begun to resurface. ? Winter storage and supply appear adequate, injections next summer could still challenge supply availability. ? Northeast price volatility will continue, with or without added pipeline capacity. ? Canadian supply - meeting demand. To view and listen to a replay of this presentation (an example of a new technology we are using), please click on the link above. **end** Follow URL for playback. ********************************************************************** This electronic message and attachments, if any, contain information from Cambridge Energy Research Associates, Inc. (CERA) which is confidential and may be privileged. Unauthorized disclosure, copying, distribution or use of the contents of this message or any attachments, in whole or in part, is strictly prohibited. Terms of Use: http://www.cera.com/tos.html Questions/Comments: webmaster@cera.com Copyright 1999. Cambridge Energy Research Associates - att1.htm
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