NetThruPut Inc. (NTP) PRMIA Luncheon May 31/06. 2 NTP Introduction NTP is an electronic exchange...

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NetThruPut Inc. (NTP) PRMIA Luncheon May 31/06

Transcript of NetThruPut Inc. (NTP) PRMIA Luncheon May 31/06. 2 NTP Introduction NTP is an electronic exchange...

  • NetThruPut Inc.(NTP)PRMIA LuncheonMay 31/06

  • NTP IntroductionNTP is an electronic exchange that allows energy market participants to buy and sell online the most commonly traded crude oil types in Western Canada (physical volumes).Customers are Canadas largest oil producers, marketers, refiners, and financial participants. Full clearing anonymous exchange. Originated within Enbridge in 1997 commercial trading commenced Jan/99.

  • NTP Trading RegionSource: Canadian Energy Pipeline Association March 7, 2005EdmontonCromerKerrobertHardistyMilk River

  • NTP OperationsTrade approximately 260,000 bbls/day of physical oil (no financial products). Record volumes of 375,000 bpd for June/06Annual notional value of Cdn$5-6B (primarily goes to delivery)NTPs system currently resides on 355 desktops at 90 companies in Canada.NTP administers all pipeline nominations to ensure physical delivery.List 40 oil grades at 5 trading hubs.Complete clearing services.

  • NTP Trading Screen

  • Chart2

    811.9832258065

    9776.4230357143

    6231.9712580645

    7970.9686666667

    13194.7274193548

    9397.3525333333

    9337.8070967742

    44557.579516129

    18375.1804

    9906.1953548387

    5286.0108

    17153.1456451613

    14879.5926129032

    31689.0953571429

    15407.3817096774

    14872.1494333333

    4364.4098387097

    31506.3024666667

    21334.8592580645

    16747.1540322581

    32408.2805

    17863.6309677419

    13487.7180333333

    15346.4829677419

    33903

    29786

    21194

    41367

    25983

    22969

    44537

    39138

    35198

    28277

    36184

    16910

    23202

    58479

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    51784

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    37696

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    50952

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    17295

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    40207

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    45162

    67922

    67103

    103731

    114287

    89065

    101153

    122068

    154358

    169806

    197320

    203138

    198121

    209045

    208273

    194055

    147388

    199281

    212171

    223973

    282022

    178162

    183535

    239736

    250052

    201612

    206465

    189761.010011258

    189096

    204272

    226897

    264365

    341433

    211040

    201572

    285500

    259100

    231098.423341935

    378661.653514083

    38899

    Barrels Delivered Per Day

    Average Barrels per Day Traded on a Delivery Basis

    Traded Volumes on a Delivery Basis

    Summary-02

    NetThruPut Inc.NetThruPut Inc.

    Client buy/sell volumes (M3) summary based on transactionsClient buy/sell volumes (BBLS) summary based on transactions

    for the two months ending February 28, 2002for the two months ending February 28, 2002

    ClientTotalTotalTotalTotal

    SellBuyBuy/SellBuy/Sell %SellBuyBuy/SellBuy/Sell %

    AEC16,00031,00037,0003.12%37,757195,079232,8363.12%

    Anadarko222,70011,00033,7002.84%142,84869,222212,0702.84%

    Astra Energy353,20039,00092,2007.78%334,781245,422580,2037.78%

    BPAmoco40.04,2004,2000.35%0.026,43026,4300.35%

    Burlington58,8004,50013,3001.12%55,37728,31883,6951.12%

    Chevron60.05,0005,0000.42%0.031,46431,4640.42%

    CNRL730,0002,00032,0002.70%188,78612,586201,3722.70%

    Conoco80.00.00.00.00%0.00.00.00.00%

    Devon90.00.00.00.00%0.00.00.00.00%

    Dynegy1033,50067,700101,2008.54%210,811426,027636,8388.54%

    Enbridge110.00.00.00.00%0.00.00.00.00%

    Equiva121,50022,50024,0002.02%9,439141,590151,0292.02%

    ExxonMobil130.024,60024,6002.07%0.0154,805154,8052.07%

    Flint Hills1496,00027,200123,20010.39%604,116171,166775,28210.39%

    Gibson's15107,9000.0107,9009.10%679,0010.0679,0019.10%

    Husky1630,2000.030,2002.55%190,0450.0190,0452.55%

    Imperial170.00.00.00.00%0.00.00.00.00%

    Keyspan188,5001,50010,0000.84%53,4899,43962,9290.84%

    Marathon195,00060,00065,0005.48%31,464377,572409,0375.48%

    Nexen2040,00096,100136,10011.48%251,715604,745856,46011.48%

    Numac210.00.00.00.00%0.00.00.00.00%

    PanCdn2217,00018,00035,0002.95%106,979113,272220,2502.95%

    Pengrowth2349,5000.049,5004.18%311,4970.0311,4974.18%

    PennWest240.00.00.00.00%0.00.00.00.00%

    PetroCan251,5003,0004,5000.38%9,43918,87928,3180.38%

    Plains Mktg.262,0003,0005,0000.42%12,58618,87931,4640.42%

    Seminole2710,00026,50036,5003.08%62,929166,761229,6903.08%

    Shell280.00.00.00.00%0.00.00.00.00%

    Suncor290.00.00.00.00%0.00.00.00.00%

    Talisman302,00032,00034,0002.87%12,586201,372213,9582.87%

    Tidal3167,50078,000145,50012.27%424,769490,844915,61312.27%

    Tosco320.00.00.00.00%0.00.00.00.00%

    EOTT330.036,00036,0003.04%0.0226,543226,5433.04%

    592,800592,8001,185,600100.00%3,730,4133,730,4137,460,827100.00%

    Sheet1

    Jan-99Feb-99Mar-99Apr-99May-99Jun-99Jul-99Aug-99Sep-99Oct-99Nov-99Dec-99Jan-00Feb-00Mar-00Apr-00May-00Jun-00Jul-00Aug-00Sep-00Oct-00Nov-00Dec-00Jan-01Feb-01Mar-01Apr-01May-01Jun-01Jul-01Aug-01Sep-01Oct-01Nov-01Dec-01Jan-02Feb-02Mar-02Apr-02May-02Jun-02Jul-02Aug-02Sep-02Oct-02Nov-02Dec-02Jan-03Feb-03Mar-03Apr-03May-03Jun-03Jul-03Aug-03Sep-03Oct-03Nov-03Dec-03Jan-04Feb-04Mar-04Apr-04May-04Jun-04Jul-04Aug-04Sep-04Oct-04Nov-04Dec-04Jan-05Feb-05Mar-05Apr-05May-05Jun-05Jul-05Aug-05Sep-05Oct-05Nov-05Dec-05Jan-06Feb-06Mar-06Apr-06May-06Jun-06Jul-06Aug-06Sep-06Oct-06Nov-06Dec-06Jan-07Feb-07Mar-07Apr-07May-07Jun-07Jul-07Aug-07Sep-07Oct-07Nov-07Dec-07Jan-08Feb-08Mar-08Apr-08May-08Jun-08Jul-08Aug-08Sep-08Oct-08Nov-08Dec-08Jan-09Feb-09Mar-09Apr-09May-09Jun-09Jul-09Aug-09Sep-09Oct-09Nov-09Dec-09Jan-10Feb-10Mar-10Apr-10May-10Jun-10Jul-10Aug-10Sep-10Oct-10Nov-10Dec-10Jan-11Feb-11Mar-11Apr-11May-11Jun-11Jul-11Aug-11Sep-11Oct-11Nov-11Dec-11Jan-12Feb-12Mar-12Apr-12May-12Jun-12Jul-12Aug-12Sep-12Oct-12Nov-12Dec-12Jan-13Feb-13Mar-13Apr-13May-13Jun-13Jul-13Aug-13Sep-13Oct-13Nov-13Dec-13Jan-14Feb-14Mar-14Apr-14May-14Jun-14Jul-14Aug-14Sep-14Oct-14Nov-14Dec-14Jan-15Feb-15Mar-15Apr-15May-15Jun-15Jul-15Aug-15Sep-15Oct-15Nov-15Dec-15Jan-16Feb-16Mar-16Apr-16May-16Jun-16Jul-16Aug-16Sep-16Oct-16Nov-16Dec-16Jan-17Feb-17Mar-17Apr-17May-17Jun-17Jul-17Aug-17Sep-17Oct-17Nov-17Dec-17Jan-18Feb-18Mar-18Apr-18May-18Jun-18Jul-18Aug-18Sep-18Oct-18Nov-18Dec-18Jan-19Feb-19Mar-19Apr-19May-19Jun-19Jul-19Aug-19Sep-19Oct-19Nov-19Dec-19Jan-20Feb-20

    Barrels Delivered Per Day8129,7766,2327,97113,1959,3979,33844,55818,3759,9065,28617,15314,88031,68915,40714,8724,36431,50621,33516,74732,40817,86413,48815,34633,90329,78621,19441,36725,98322,96944,53739,13835,19828,27736,18416,91023,20258,47938,61035,32451,78435,74437,69638,50840,40050,95258,62917,29560,269.040,207.058,747.045,162.067,922.067,103.0103,731.0114,287.089,065.0101,153.0122,068.0154,358.0169,806.0197,320.0203,138.0198,121.0209045208273194055147388199281212171223973282022178162183535239736250052201612206465189761.010011258189,096204,272226,897264,365341,433211,040201,572285,500259,100231,098378,662

    Transaction Volumes9689,6436,1298,00013,22693360,269.040,207.058,747.045,162.067,922.067,103.0103,731.0114,287.089,065.0101,153.0122,068.0154,358.0169,806.0197,320.0203,138.0198,121.0209045208273194055147388199281212171223973282022178162183535239736250052201612206465189761.010011258

    178,162

    183,535

    239,736

    250,052

    201,612

    206,465

    189,761

    189,096

    204,272

    226,897

    264,365

    341,433

    Sheet1

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    &CNetThruPut IncTrading Volumes

    Page &P

    Barrels Delivered Per Day

    Average Barrels per Day Traded on a Delivery Basis

    Traded Volumes on a Delivery Basis

    Detail-02

    DEALS ENTERED UP TO:

    #10822

    10770, 10794,10795,10796,10797,10799,10800,10801 voided by system

    10820 on hold until Credit ok'd

    SellingSellingSellingSellingSellingBuyingBuyingBuyingBuyingBuying

    ClientJan-02Feb-02Mar-02Q1 TotalQ1 %Apr-02May-02Jun-02Q2 TotalQ2 %Jul-02Aug-02Sep-02Q3 TotalQ3 %Oct-02Nov-02Dec-02Q4 TotalTotal SellTotal Sell %Jan-02Feb-02Mar-02Q1 TotalQ1 %Apr-02May-02Jun-02Q2 TotalQ2 %Jul-02Aug-02Sep-02Q3 TotalQ3 %Oct-02Nov-02Dec-02Q4 TotalTotal BuyTotal Buy %

    AEC6,0006,0001.01%0.00%0.00%6,0001.01%21,00010,00031,0005.23%0.00%0.00%31,0005.23%

    Anadarko11,80010,90022,7003.83%0.00%0.00%22,7003.83%1,00010,00011,0001.86%0.00%0.00%11,0001.86%

    Astra Energy26,60024,9001,70053,2008.97%0.00%0.00%53,2008.97%17,50016,5005,00039,0006.58%0.00%0.00%39,0006.58%

    BPAmoco0.00.00%0.00%0.00%0.00.00%7003,5004,2000.71%0.00%0.00%4,2000.71%

    Burlington3,8005,0008,8001.48%0.00%0.00%8,8001.48%4,5004,5000.76%0.00%0.00%4,5000.76%

    Chevron0.00.00%0.00%0.00%0.00.00%5,0005,0000.84%0.00%0.00%5,0000.84%

    CNRL10,00020,00030,0005.06%0.00%0.00%30,0005.06%2,0002,0000.34%0.00%0.00%2,0000.34%

    Conoco0.00.00%0.00%0.00%0.00.00%0.00.00%0.00%0.00%0.00.00%

    Devon0.00.00%0.00%0.00%0.00.00%0.00.00%0.00%0.00%0.00.00%

    Dynegy15,5008,00010,00033,5005.65%0.00%0.00%33,5005.65%33,70016,00018,00067,70011.42%0.00%0.00%67,70011.42%

    Enbridge0.00.00%0.00%0.00%0.00.00%0.00.00%0.00%0.00%0.00.00%

    Equiva1,5001,5000.25%0.00%0.00%1,5000.25%2,50020,00022,5003.80%0.00%0.00%22,5003.80%

    ExxonMobil0.00.00%0.00%0.00%0.00.00%4,60010,00010,00024,6004.15%0.00%0.00%24,6004.15%

    Flint Hills36,00040,00020,00096,00016.19%0.00%0.00%96,00016.19%16,2009,5001,50027,2004.59%0.00%0.00%27,2004.59%

    Gibson19,90030,00058,000107,90018.20%0.00%0.00%107,90018.20%0.00.00%0.00%0.00%0.00.00%

    Husky15,20015,00030,2005.09%0.00%0.00%30,2005.09%0.00.00%0.00%0.00%0.00.00%

    Imperial0.00.00%0.00%0.00%0.00.00%0.00.00%0.00%0.00%0.00.00%

    Keyspan3,5005,0008,5001.43%0.00%0.00%8,5001.43%1,5001,5000.25%0.00%0.00%1,5000.25%

    Marathon5,0005,0000.84%0.00%0.00%5,0000.84%10,00010,00040,00060,00010.12%0.00%0.00%60,00010.12%

    Nexen30,00010,00040,0006.75%0.00%0.00%40,0006.75%41,80035,70018,60096,10016.21%0.00%0.00%96,10016.21%

    Numac0.00.00%0.00%0.00%0.00.00%0.00.00%0.00%0.00%0.00.00%

    PanCdn3,0006,0008,00017,0002.87%0.00%0.00%17,0002.87%5,5008,0004,50018,0003.04%0.00%0.00%18,0003.04%

    Pengrowth16,50016,50016,50049,5008.35%0.00%0.00%49,5008.35%0.00.00%0.00%0.00%0.00.00%

    PennWest0.00.00%0.00%0.00%0.00.00%0.00.00%0.00%0.00%0.00.00%

    PetroCan1,5001,5000.25%0.00%0.00%1,5000.25%3,0003,0000.51%0.00%0.00%3,0000.51%

    Plains Mktg.2,0002,0000.34%0.00%0.00%2,0000.34%3,0003,0000.51%0.00%0.00%3,0000.51%

    Seminole10,00010,0001.69%0.00%0.00%10,0001.69%10,00016,50026,5004.47%0.00%0.00%26,5004.47%

    Shell0.00.00%0.00%0.00%0.00.00%0.00.00%0.00%0.00%0.00.00%

    Suncor0.00.00%0.00%0.00%0.00.00%0.00.00%0.00%0.00%0.00.00%

    Talisman2,0002,0000.34%0.00%0.00%2,0000.34%7,00015,00010,00032,0005.40%0.00%0.00%32,0005.40%

    Tidal10,00026,00031,50067,50011.39%0.00%0.00%67,50011.39%40,00030,0008,00078,00013.16%0.00%0.00%78,00013.16%

    Tosco0.00.00%0.00%0.00%0.00.00%0.00.00%0.00%0.00%0.00.00%

    EOTT0.00%0.00%0.00%0.00.00%60001000020,00036,0006.07%0.00%0.00%36,0006.07%

    219,800187,900185,100592,800100.00%0.00.00.00.00.00%0.00.00.00.00.00%0.00.00.00.0592,800100.00%219,800187,900185,100592,800100.00%0.00.00.00.00.00%0.00.00.00.00.00%0.00.00.00.0592,80093.93%

    Watch for Term Deals. Marketing Report only shows one month volume on Term Deals. This report accounts for volumes for all months of the term.

    1,380,0001,180,0001,170,0003,730,00000000000000000

    laberdeen:Term Deal: 10,000 Mar/Apr

    laberdeen:Term Deal: Mar/Apreach 10,000

    laberdeen:10820 for 10,000 on hold until credit issue resolved

    Summary-01

    NetThruPut Inc.NetThruPut Inc.

    Client buy/sell volumes (M3) summary based on transactionsClient buy/sell volumes (BBLS) summary based on transactions

    for the twelve months ending December 31, 2001for the twelve months ending December 31, 2001

    ClientTotalTotalTotalTotal

    SellBuyBuy/SellBuy/Sell %SellBuyBuy/SellBuy/Sell %

    AEC48,50041,90090,4002.38%305,204263,671568,8752.38%

    Anadarko82,30023,000105,3002.77%517,903144,736662,6392.77%

    Anderson40,70010,00050,7001.33%256,12062,929319,0491.33%

    Astra Energy111,500283,800395,30010.40%701,6551,785,9172,487,57210.40%

    BPAmoco0.042,00042,0001.11%0.0264,301264,3011.11%

    Burlington55,5006,90062,4001.64%349,25443,421392,6751.64%

    Chevron11,00018,90029,9000.79%69,222118,935188,1570.79%

    CNRL114,00059,500173,5004.57%717,387374,4261,091,8134.57%

    Conoco37,00037,50074,5001.96%232,836235,983468,8191.96%

    Crestar0.00.00.00.00%0.00.00.00.00%

    Dynegy71,300276,100347,4009.14%448,6821,737,4612,186,1439.14%

    Enbridge0.00.00.00.00%0.00.00.00.00%

    Equiva58,70051,000109,7002.89%369,391320,936690,3282.89%

    Gibson116,700164,300281,0007.40%734,3781,033,9191,768,2967.40%

    Husky108,900208,000316,9008.34%685,2941,308,9171,994,2118.34%

    Imperial10,0000.010,0000.26%62,9290.062,9290.26%

    Koch375,50096,700472,20012.43%2,362,973608,5212,971,49312.43%

    Marathon20,00080,000100,0002.63%125,857503,430629,2872.63%

    Nexen193,500230,000423,50011.15%1,217,6701,447,3602,665,03011.15%

    Numac2,5000.02,5000.07%15,7320.015,7320.07%

    PanCdn28,10060,40088,5002.33%176,830380,089556,9192.33%

    Pengrowth150,0000.0150,0003.95%943,9310.0943,9313.95%

    PetroCan74,50034,700109,2002.87%468,819218,363687,1812.87%

    Plains Mktg.21,0000.021,0000.55%132,1500.0132,1500.55%

    Coast/Seminole0.03,5003,5000.09%0.022,02522,0250.09%

    Shell78,00026,800104,8002.76%490,844168,649659,4932.76%

    Talisman26,50032,10058,6001.54%166,761202,001368,7621.54%

    Tidal64,100112,700176,8004.65%403,373709,2061,112,5794.65%

    1,899,8001,899,8003,799,600100.00%11,955,19411,955,19423,910,388100.00%

    Detail-01

    NetThruPut Inc.

    Client buy/sell volumes (M3) based on transaction months

    SellingBuying

    ClientJan-01Feb-01Mar-01Q1 TotalQ1 %Apr-01May-01Jun-01Q2 TotalQ2 %Jul-01Aug-01Sep-01Q3 TotalQ3 %Oct-01Nov-01Dec-01Q4 TotalTotal SellTotal Sell %Jan-01Feb-01Mar-01Q1 TotalQ1 %Apr-01May-01Jun-01Q2 TotalQ2 %Jul-01Aug-01Sep-01Q3 TotalQ3 %Oct-01Nov-01Dec-01Q4 TotalTotal BuyTotal Buy %

    AEC3,0000.00.03,0000.63%0.020,0000.020,0003.96%10,5003,60014,1002.40%1140011,40048,5002.55%11,0000.011,0002.31%0.018,0001,00019,0003.76%90010001,9000.32%1000010,00041,9002.21%

    Anderson0.00.07,0007,0001.47%0.02,70015,00017,7003.51%16,00016,0002.72%0.040,7002.14%10,0000.010,0002.10%0.00.00.00.00.00%0.00.00%0.010,0000.53%

    Anadarko0.05,0000.05,0001.05%0.00.06,0006,0001.19%10,00050,00010,00070,00011.91%13001,30082,3004.33%0.03,0003,0000.63%0.00.00.00.00.00%0.00.00%80001200020,00023,0001.21%

    Astra Energy0.00.08,0008,0001.68%4,0000.01,0005,0000.99%10,00037,50025,00072,50012.34%1250011000250026,000111,5005.87%15,00042,00057,00011.97%25,50036,80038,500100,80019.97%27,000250002850080,50013.70%2500020001850045,500283,80014.94%

    BPAmoco0.00.00.00.00.00%0.00.00.00.00.00%0.00.00.00%0.00.00.00%10,00010,0002.10%0.010,0000.010,0001.98%2200022,0003.74%0.042,0002.21%

    Burlington0.03,50014,00017,5003.68%13,0006,0008,00027,0005.35%0.00.00.00%20005000400011,00055,5002.92%0.00.00.00.00%0.00.00.00.00.00%0.00.00%450024006,9006,9000.36%

    Chevron2,0000.00.02,0000.42%0.04,0000.04,0000.79%5,0005,0000.85%0.011,0000.58%8,9000.08,9001.87%0.00.00.00.00.00%1000010,0001.70%0.018,9000.99%

    CNRL0.00.013,00013,0002.73%0.010,0000.010,0001.98%0.010,00010,0001.70%9000600001200081,000114,0006.00%23,0000.023,0004.83%0.04,0000.04,0000.79%10,000950019,5003.32%1300013,00059,5003.13%

    Seminole/Coast0.00.00.00.00.00%0.00.00.00.00.00%0.00.00.00%0.00.00.00%0.00.00.00.00%3,5000.00.03,5000.69%0.00.00%0.03,5000.18%

    Conoco0.00.00.00.00.00%0.010,00017,00027,0005.35%10,0000.010,0001.70%0.037,0001.95%0.00.06,0006,0001.26%10,0000.010,00020,0003.96%11,50011,5001.96%0.037,5001.97%

    Crestar0.00.00.00.00.00%0.00.00.00.00%0.00.00.00%0.00.00.00%0.00.00.00.00%0.00.00.00.00.00%0.00.00%0.00.00.00%

    Nexen0.023,00039,30062,30013.09%0.030,00030,00060,00011.89%16,9004,80021,50043,2007.35%700080001300028,000193,50010.19%32,5000.025,00057,50012.08%0.00.015,50015,5003.07%12,200118002100045,0007.66%1400098000112,000230,00012.11%

    Dynegy16,50015,50011,50043,5009.14%0.03,3000.03,3000.65%1,5000.02,0003,5000.60%20000100021,00071,3003.75%0.00.027,30027,3005.74%0.041,00045,00086,00017.04%75,0001800026000119,00020.26%169002690043,800276,10014.53%

    Enbridge0.00.00.00.00.00%0.00.00.00.00.00%0.00.00.00%0.00.00.00%0.00.00.00.00%0.00.00.00.00.00%0.00.00%0.00.00.00%

    Gibson's4,0003,0000.07,0001.47%0.05,00020,00025,0004.95%20,00022,00010,70052,7008.97%24000800032,000116,7006.14%4,0002,0006,0001.26%16,00012,2006,00034,2006.78%112000112,00019.06%3100900012,100164,3008.65%

    Husky17,9005,00012,00034,9007.33%23,5008,5008,00040,0007.93%8,0000.08,00016,0002.72%15000300018,000108,9005.73%25,50023,50017,00066,00013.87%4,00030,00056,00090,00017.83%34,5009500800052,0008.85%0.0208,00010.95%

    Koch81,50021,00022,000124,50026.16%45,00035,50030,000110,50021.89%47,00044,50019,000110,50018.81%100002000030,000375,50019.77%15,50033,00011,00059,50012.50%5,2000.012,00017,2003.41%2000020,0003.40%0.096,7005.09%

    Marathon10,0000.00.010,0002.10%0.00.010,00010,0001.98%0.00.00.00%0.020,0001.05%10,0000.010,0002.10%0.00.05,0005,0000.99%10,0002000030,0005.11%30000500035,00080,0004.21%

    Equiva10,0005,0000.015,0003.15%3,00026,0005,00034,0006.74%4,0004,0000.68%57005,70058,7003.09%0.00.020,00020,0004.20%2,00018,0000.020,0003.96%3,50035007,0001.19%40004,00051,0002.68%

    Numac2,5000.00.02,5000.53%0.00.00.00.00.00%0.00.00.00%0.02,5000.13%0.00.00.00.00%0.00.00.00.00.00%0.00.00%0.00.00.00%

    PanCdn0.01,2000.01,2000.25%1,2000.05,0006,2001.23%10,0003,00013,0002.21%200057007,70028,1001.48%19,0000.02,00021,0004.41%10,0000.00.010,0001.98%4,0003600900016,6002.83%93002000150012,80060,4003.18%

    Pengrowth0.015,00020,00035,0007.35%15,00015,00025,00055,00010.90%15,00015,00015,00045,0007.66%1500015,000150,0007.90%0.00.00.00.00%0.00.00.00.00.00%0.00.00%0.00.00.00%

    PetroCan2,5000.00.02,5000.53%0.01,5000.01,5000.30%52,00052,0008.85%1850018,50074,5003.92%10,00010,0002,50022,5004.73%0.00.01,0001,0000.20%17001,7000.29%95009,50034,7001.83%

    Plains Mktg.0.00.00%0.00%0.00%90001200021,00021,0001.11%0.00%0.00.00%0.00.00%0.00.00.00%

    Shell20,0000.036,00056,00011.76%0.00.00.00.00.00%12,7006,8002,50022,0003.74%0.078,0004.11%10,0000.010,0002.10%0.00.00.00.00.00%68001000016,8002.86%0.026,8001.41%

    Talisman3,0002,5001,0006,5001.37%1,0000.02,0003,0000.59%8,0005,00013,0002.21%40004,00026,5001.39%7,5001,6009,1001.91%3,0000.00.03,0000.59%15,00015,0002.55%200030005,00032,1001.69%

    TCPL0.00.00.00.00.00%0.00.00.00.00.00%0.00.00.00%0.00.00.00%0.00.00.00.00%0.00.00.00.00.00%0.00.00%0.00.00.00%

    Tidal18,0001,6000.019,6004.12%3,50018,0008,00029,5005.85%10,0000.05,00015,0002.55%0.064,1003.37%4,00013,20021,00038,2008.03%30,00025,50010,00065,50012.98%2,00050007,0001.19%20002,000112,7005.93%

    Imperial0.00.00.00.00.00%0.00.010,00010,0001.98%0.00.00.00%0.010,0000.53%0.00.00.00.00%0.00.00.00.00.00%0.00.00%0.00.00.00%

    0.00.00%0.00.00.00%0.00.00%0.00.00.00%

    190,900101,300183,800476,000100.00%109,200195,500200,000504,700100.00%205,600253,200128,700587,500100.00%110,300143,00078,300331,6001,899,800100.00%190,900101,300183,800476,000100.00%109,200195,500200,000504,700100.00%205,600253,200128,700587,500100.00%110,300143,00078,300331,6001,899,800100.00%

    38795.806451612922792.537352.9032258065

    312831

    1,200,000640,0001,160,0003,000,0000690,0001,230,0001,260,0003,180,00001,300,0001,600,000810,0003,700,0000690,000900,000490,000

    Summary-00

    Enbridge Petroleum Exchange Inc

    Client buy/sell volumes (M3) summarized based on transactions Jan-Dec,2000

    ClientTotalTotal

    BuySellBuy/SellBuy/Sell %

    Koch483,000191,600674,60030.56%

    Tidal97,000180,000277,00012.55%

    Marathon65,00073,500138,5006.27%

    Gibson's80,90045,000125,9005.70%

    Talisman23,00076,50099,5004.51%

    Conoco3,00095,50098,5004.46%

    CNRL6,30088,00094,3004.27%

    PanCdn83,5003,50087,0003.94%

    Dynegy51,40035,50086,9003.94%

    Nexen (CXY)22,80043,50066,3003.00%

    Husky41,00021,00062,0002.81%

    Chevron22,00038,30060,3002.73%

    Coast0.054,90054,9002.49%

    AEC9,20037,00046,2002.09%

    TCPL29,50013,30042,8001.94%

    Numac14,00028,00042,0001.90%

    Anadarko (UPRI)10,00022,70032,7001.48%

    Burlington (Poco)29,0001,50030,5001.38%

    PetroCda3,50024,00027,5001.25%

    Crestar11,00014,00025,0001.13%

    Equiva2,00010,60012,6000.57%

    Ulster11,70090012,6000.57%

    Anderson0.05,0005,0000.23%

    Pengrowth5,0000.05,0000.23%

    Enbridge0.00.00.00.00%

    Shell0.00.00.00.00%

    1,103,8001,103,8002,207,600100.00%

    Detail-00

    Enbridge Petroleum Exchange Inc.Enbridge Petroleum Exchange Inc.

    Client buy/sell volumes (M3) based on transaction monthsClient buy/sell volumes based on transaction months

    SellingBuying

    ClientJan-00Feb-00Mar-00Total Q1Q1 %Apr-00May-00Jun-00Total Q2Q2 %Jul-00Aug-00Sep-00Total Q3Q3 %Oct-00Nov-00Dec-00Total Q4Q4 %Total SellTotal Sell %Jan-00Feb-00Mar-00Total Q1Q1 %Apr-00May-00Jun-00Total Q2Q2 %Jul-00Aug-00Sep-00Total Q3Q3 %Oct-00Nov-00Dec-00Total Q4Q4%Total BuyTotal Buy %

    AEC1,5001,5000.62%1,0004,0005005,5002.00%1,0001,0000.25%1,2001,2000.63%9,2000.83%1,5001,5000.62%0.00.00%1,00010,00020,00031,0007.85%1,0003,5004,5002.36%37,0003.35%

    Anderson0.00.00%0.00.00%0.00.00%0.00.00%0.00.00%0.00.00%3,0003,0001.09%2,0002,0000.51%0.00.00%5,0000.45%

    Chevron10,00010,0004.10%2,0005,0007,0002.55%5,0005,0001.27%0.00.00%22,0001.99%20,00080020,8008.54%7,5007,5002.73%0.00.00%10,00010,0005.25%38,3003.47%

    CNRL8008000.33%0.00.00%2,0002,0000.51%3,5003,5001.84%6,3000.57%0.00.00%18,00018,0006.55%70,00070,00017.72%0.00.00%88,0007.97%

    Coast0.00.00%0.00.00%0.00.00%0.00.00%0.00.00%0.00.00%24,9005,00010,00039,90014.52%10,00010,0002.53%5,0005,0002.63%54,9004.97%

    Conoco0.00.00%0.00.00%0.00.00%3,0003,0001.58%3,0000.27%34,00034,00013.95%30,00030,00010.92%20,00011,50031,5007.97%0.00.00%95,5008.65%

    Crestar3,0004,0001,0008,0003.28%3,0003,0001.09%0.00.00%0.00.00%11,0001.00%1,0001,0000.41%2,0002,0000.73%11,00011,0002.78%0.00.00%14,0001.27%

    Nexen (CXY)0.00.00%7,8007,8002.84%0.00.00%1500015,0007.88%22,8002.07%2,0006,0008,0003.28%5,5006,00011,5004.19%12,00012,0003.04%2,00010,00012,0006.30%43,5003.94%

    Dynegy0.00.00%3,40018,00015,00036,40013.25%2,0005,0007,0001.77%5,0003,0008,0004.20%51,4004.66%15,00015,0006.16%0.00.00%8,5008,5002.15%5,0007,00012,0006.30%35,5003.22%

    Enbridge0.00.00%0.00.00%0.00.00%0.00.00%0.00.00%0.00.00%0.00.00%0.00.00%0.00.00%0.00.00%

    Gibson's2,0009002,9001.19%2,50010,00012,5004.55%28,00020,00048,00012.15%3,0008,0006,50017,5009.19%80,9007.33%5,0001,5002,5009,0003.69%1,0009,00010,0003.64%21,00021,0005.32%2,0003,0005,0002.63%45,0004.08%

    Husky0.00.00%10,0006,00015,00031,00011.29%10,00010,0002.53%0.00.00%41,0003.71%0.00.00%7,0006,5005,00018,5006.73%2,5002,5000.63%0.00.00%21,0001.90%

    Koch20,50059,50035,000115,00047.19%13,000100,000113,00041.14%57,50085,00069,000211,50053.54%10,0003,50030,00043,50022.85%483,00043.76%15,3003,50018,8007.71%10,00012,00022,0008.01%9,50043,00043,00095,50024.18%13,50018,30023,50055,30029.04%191,60017.36%

    Marathon20,00020,0008.21%0.00.00%0.00.00%25,00020,00045,00023.63%65,0005.89%10,00015,00025,00010.26%27,50027,50010.01%10,00010,0002.53%3,0008,00011,0005.78%73,5006.66%

    Equiva0.00.00%0.00.00%0.00.00%2,0002,0001.05%2,0000.18%0.00.00%0.00.00%0.00.00%6,1004,50010,6005.57%10,6000.96%

    Numac1,0001,0000.41%1,5001,5000.55%1,5001,5000.38%5,0005,00010,0005.25%14,0001.27%1,0001,0000.41%3,0002,00017,00022,0008.01%0.00.00%5,0005,0002.63%28,0002.54%

    PanCdn5,00037,00042,00017.23%7,0007,0002.55%12,00010,00022,0005.57%10,0002,50012,5006.57%83,5007.56%5001,0001,5000.62%0.00.00%2,0002,0000.51%0.00.00%3,5000.32%

    Pengrowth0.00.00%0.00.00%5,0005,0001.27%0.00.00%5,0000.45%0.00.00%0.00.00%0.00.00%0.00.00%0.00.00%

    PetroCda0.00.00%0.00.00%0.00.00%3,5003,5001.84%3,5000.32%0.00.00%0.00.00%0.00.00%10,00014,00024,00012.61%24,0002.17%

    Burlington (Poco)1,0001,0000.41%1,0001,0000.36%12,0002,00014,0003.54%2,0003,0008,00013,0006.83%29,0002.63%0.00.00%1,5001,5000.55%0.00.00%0.00.00%1,5000.14%

    Shell0.00.00%0.00.00%0.00.00%0.00.00%0.00.00%0.00.00%0.00.00%0.00.00%0.00.00%0.00.00%

    Talisman4,0004,0001.64%3,0003,0001.09%2,50010,5003,00016,0004.05%0.00.00%23,0002.08%2,00035,0001,50038,50015.80%3,0006,00010,00019,0006.92%10,0007,50017,5004.43%1,5001,5000.79%76,5006.93%

    TCPL2,00014,0006,50022,5009.23%5,0002,0007,0002.55%0.00.00%0.00.00%29,5002.67%3,0003,0001.23%3,3003,3001.20%7,0007,0001.77%0.00.00%13,3001.20%

    Tidal2,0007,0009,0003.69%8,0002,00022,50032,50011.83%36,00014,00050,00012.66%2,0003,5005,5002.89%97,0008.79%9,00028,00024,00061,00025.03%36,00036,00013.11%33,00012,0008,00053,00013.42%23,0007,00030,00015.76%180,00016.31%

    Ulster2,0003,2005,2002.13%6,5006,5002.37%0.00.00%0.00.00%11,7001.06%9009000.37%0.00.00%0.00.00%0.00.00%9000.08%

    Anadarko (UPRI)8008000.33%0.00.00%2,0002,0000.51%7,2007,2003.78%10,0000.91%1,5001,2002,0004,7001.93%3,0003,0001.09%1,0009,50010,5002.66%4,5004,5002.36%22,7002.06%

    56,50099,00088,200243,700100.00%50,90043,000180,800274,700100.00%110,000155,000130,000395,000100.00%61,50055,40073,500190,400100.00%1,103,800100.00%56,50099,00088,200243,700100.00%50,90043,000180,800274,700100.00%110,000155,000130,000395,000100.00%61,50055,40073,500190,400100.00%1,103,800100.00%

    11,46921,48317,90410,6778,72937,92522,33031,46427,26912,48411,62114,9203,274

    1,198,162

    360,000620,000560,0001,540,0000320,000270,0001,140,0001,730,0000690,000980,000820,0002,490,0000390,000350,000460,000

    Detail-99

    Enbridge Petroleum Exchange Inc.

    Client buy/sell volumes (M3) based on transaction dates

    SellingBuying

    ClientJan-99Feb-99Mar-99Apr-99May-99Jun-99Jul-99Aug-99Sep-99Oct-99Nov-99Dec-99TOTALJan-99Feb-99Mar-99Apr-99May-99Jun-99Jul-99Aug-99Sep-99Oct-99Nov-99Dec-99TOTALTotal Buy/Sell

    AEC0.03,0003,0003,0000.20%

    Anderson1,0001,0000.01,0000.07%

    Chevron10,0005,00016,50020,00010,00061,5005,00010,00015,00076,5005.19%

    CNRL2,0001,0003,0001,0001,0004,0000.27%

    Coast0.080011,50024,50036,80036,8002.49%

    Conoco2,0002,0000.02,0000.14%

    Crestar6,0001,4002,5002,00011,9000.011,9000.81%

    Nexen (CXY)7,00010,00017,0004,6008,50013,10030,1002.04%

    Dynegy10,0003,0002,00015,00050030,00012,00014,50030,0009,00096,000111,0007.52%

    Enbridge1,5001,5000.01,5000.10%

    Gibson's10,00050011,00021,50010,00012,00010,00032,00053,5003.63%

    Husky0.00.00.00.00%

    Koch20,00010,0005,00020,00010,8007,50010,0002,00034,500119,8002,50010,00021,00030,00055,5002,0003,70022,000146,700266,50018.07%

    Marathon5,00015,0005,00011,5005,00020,00061,5004,00010,00010,0005,00010,00010,00049,000110,5007.49%

    Equiva0.00.00.00.00%

    Numac4,0001,0001,5005,0001,0001,0002,0007,00022,50020,0003,0001,00024,00046,5003.15%

    PanCdn2,0007,5006,00015,5002,0002,00017,5001.19%

    Pengrowth15,00015,00030,0000.030,0002.03%

    PetroCda10,00014,00010,000150,000184,0000.0184,00012.47%

    Burlington (Poco)6002,5003,1000.03,1000.21%

    Shell0.00.00.00.00%

    Talisman4,0004,0004,00011,50023,50010,0002,50012,50036,0002.44%

    TCPL13,0001,0004,5001,00019,5002,3002,00010,00010,0001,5001,0001,5005,00033,30052,8003.58%

    Tidal2,5008001,00017,00032,50038,50013,8004,20011,000121,3004,00011,00011,5003,00039,00015,3005,00065,000153,800275,10018.65%

    Ulster5002,0002,5006,0006,4001,0002,500100,0001,500117,400119,9008.13%

    Anadarko (UPRI)0.02,0002,0002,0000.14%

    4,00043,50030,70038,00065,00044,80046,000219,50087,60048,80025,20084,500737,6004,00043,50030,70038,00065,00044,80046,000219,50087,60048,80025,20084,500737,6001,475,200100.00%

    8129,7766,2327,97113,1959,3979,33844,55818,3759,9065,28617,15312,717

    4,641,621

    30,000270,000190,000240,000410,000280,000290,0001,380,000550,000310,000160,000530,0004,650,000030,000270,000190,000240,000

  • NTPs Clearing OperationsNTP administers open and secured lines under Board approved Credit Policy.Unsecured credit lines primarily available to investment grade counterparties only. Remainder post margin to cover positions.All open lines approved by insurer (EDC). Insurance will cover MtM and Contract Value losses.System automatically halts any trades that would exceed credit limit.No events of payment default in 7 year history.

  • Risk ManagementRisk management model based on industry best practices. Standard metrics used (contract value, MtM and VaR)NTP system does not allow trades that could result in excess position.Virtually all index based deals (i.e. WTI +/- a negotiated differential). Price movement risk limited to movement in differential.Limited forward curves available for Canadian crude oil differentials.

  • NTP Clearing Model

    Sheet1

    Oil

    Payment

    Payment

    BUYER

    SELLER

    Oil

    Provides Corporate Guarantee to all NTP Counterparties

    Provides Credit receivable Insurance

    Credit Limits - open lines and secured

    Credit Limits - open lines and secured

    Sheet2

    Sheet3

  • Benefits of Netting

    Sheet1

    Sells $15MM

    Pay $15MM

    Buys $20MM

    Pay $5MM

    Collect $20MM

    Counterparty A

    Counterparty B

    Counterparty C

    Counterparty D

    Buy 10MM

    Buy 15MM

    Buy 25MM

    Sell 10MM

    Sell 30MM

    Counterparty E

    Require $50MM in Guarantees or L/Cs for 'A', 'B', and 'C' PLUS$40MM in Credit Exposures to 'D' and 'E'

    Unable to Net Positions -Total of $90MM in credit positions to manage.

    Sheet2

    Sheet3

  • Netting Contd

    Sheet1

    Sells $15MM

    Pay $15MM

    Buys $20MM

    Pay $5MM

    Collect $20MM

    Counterparty A

    Counterparty B

    Counterparty C

    Counterparty D

    Buy 10MM

    Buy 15MM

    Buy 25MM

    Sell 10MM

    Sell 40MM

    Counterparty E

    Require $50MM in Guarantees for 'A', 'B', and 'C' PLUS$50MM in Credit Exposures to 'D' and 'E'

    Counterparty A

    Counterparty B

    Counterparty C

    Counterparty D

    Buy 10MM

    Buy 15MM

    Buy 25MM

    Sell 10MM

    Sell 30MM

    Counterparty E

    Nets to $10MM in payables (plus netting of Mark-to-market positions)

    Sheet2

    Sheet3

  • Risk Measurement ExampleSettled

    Sheet1

    Price of Oil:$100$80$130$90$110

    Seller Credit Usage:

    A/R0.00.00.00.00.00.0

    MtM0.0$20$(30)$10$(10)0.0

    VaR$(30)$(30)$(30)$(30)$(30)0.0

    TOTAL$(30)$(10)$(60)$(20)$(40)0.0

    Buyer Credit Usage:

    A/R0.00.00.0$100$100$100

    MtM0.0$(20)$300.00.00.0

    VaR$(30)$(30)$(30)0.00.00.0

    TOTAL$(30)$(50)0.0$100$100$100

    Trading Period

    Shipping

    Delivered

    Settled

    Seller

    Buyer

    $ Exposure

    Price Movement Risk

    A/R Risk

    Settled

    Co. A

    Co. B

    Co. C

    Co. D

    L/C

    L/C

    L/C

    B/L

    B/L

    B/L

    Co. A

    Co. B

    Co. C

    Co. D

    NTPA

    - Reporting- Trustee- Settlement

    L/C

    B/L

    Co. A

    Co. B

    Co. C

    Co. D

    $100

    $100

    $100

    Trading Period

    Shipping

    Delivered

    Settled

    $ Exposure

    Contract Value (A/R) - floating or fixed) + MtM

    A/R Risk

    Settled

    Contract Price vs. Current Price (MtM)

    Potential Movement at 99% Confidence (VaR)

    (VaR)

    Co. A

    Co. B

    Co. C

    Co. D

    NTPA

    Co. A

    L/C Request

    Hits Deal

    Requires L/C

    Issues L/C to NTPA

    Gives L/C to Banks to hold

    L/C May be provided by another bank

    L/C always held by the Banks

    NTPA

    Trading Period

    Shipping

    $100

    Seller

    Buyer

    $100

    55 Days

    Delivered

    Sheet2

    Sheet3

  • Other Risk FactorsConservative VaR (99% and 5-10 days liquidation). Result of relatively illiquid market.Customer reporting shows summary credit usage by Contract Value, MtM and VaRNTP building a forward curve for Canadian crudes slow process! Use NTP price for MtM and prompt month VaRU.S. Market - Platts and Argus pricing provides market in spot nothing forward (proxy with Nymex rolls)

  • Risk benefits to shippersAllows them to mitigate credit risk through netting and diversification.L/C participants get much more leverage able to do more business.High oil prices and few counterparties = unacceptable risk exposureReduces costs of capital, L/C fees, and use of bank lines.Attractive to financial participants further diversification.NTP can also clear bilateral OTC transactions.

  • Future Outlook on Risk ItemsWill do back-testing to see how well VaR measurements are covering movements Look for correlations between various crude types to determine VaR offsets.Continue to use NTP figures to enhance spot and forward curves for Canadian crudes.Likely increase usage of margin to secure positions.

  • NetThruPut Inc.(NTP)PRMIA LunchMay 31/06