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Subject: Click and go to http://www.enerfax.com if can not view  properly.htm

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																Enerfax Daily 
																
																
																
																
																
																
																																	
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																									Enerfax  Daily? -? Page  ? -? November 6,  2000? -? ? Need a  Past Issue 
-Click Here
																									
																									
																									
																									
																									
																																	
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																							Enerfax  Daily? -? Page  ? -? November 6, 2000  
																							
																							
																							
																							
																							
																																	
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																													Enerfax  Daily? -?  Page 5? -?  November 6, 2000
																													
																													
																													
																													
																													
																																	
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																									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  
																									
																									
																									
																									
																									
																									
																																	
																																	
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																															Enerfax  Daily? -?  Page 6? -?  November 6, 2000
																															
																															
																															
																															
																															
																																	
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																														Enerfax  Daily? -?  Page 7? -?  November 6, 2000 
																														
																														
																														
																														
																														
																																	
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																								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. 
																								
																								
																								
																								
																								
																								
																								
																								
																																	
																																	
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																										Financial Summary
																										
																										
																										
																										
																										
																																	
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