netthruput inc. (ntp) prmia luncheon may 31/06. 2 ntp introduction ntp is an electronic exchange...
TRANSCRIPT
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NetThruPut Inc.(NTP)PRMIA LuncheonMay 31/06
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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.
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NTP Trading RegionSource: Canadian Energy Pipeline Association March 7, 2005EdmontonCromerKerrobertHardistyMilk River
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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.
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NTP Trading Screen
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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
38610
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45162
67922
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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
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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.
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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.
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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
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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)
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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.
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NetThruPut Inc.(NTP)PRMIA LunchMay 31/06