SUPPLY/DEMAND
	This information has been provided for discussion purposes only and is intended for use by our customers.
	This information is based on various sources believed to be reliable, but its accuracy is not guaranteed.
	Natural gas prices through out North America are impacted by supply/demand fundamentals.
	Production-Alberta
	Production-US-source EIA
	US-LNG Imports-source EIA
	Canadian Supplies to the US-source EIA
	Weekly Rig Counts-Source Baker Hughes
	Storage-US-Source EIA
	Storage-Alberta
	Weather-Source NOAA
	6-10 day weather forecasts for the US market.        Source NOAA
	Environment Canada short term temperature forecast.
	National Weather Service short term temperature forecast.-Source NOAA
	US Demand for 2008 versus Historical Info.- Source EIA
	US Industrial and Power generation demand trends- Source EIA
	Daily degree day variations from normal for regions in Alberta.
		Nov-08			Dec-08			Jan-09			Feb-09			Mar-09
	Day	Actual	Normal	Var	Actual	Normal	Var	Actual	Normal	Var	Actual	Normal	Var	Actual	Normal	Var
	1	6.80	16.40	(9.60)	11.70	18.60	(6.90)	32.60	24.60	8.00	23.20	19.40	3.80	23.50	21.00	2.50
	2	6.70	16.30	(9.60)	22.70	20.20	2.50	42.60	25.10	17.50	15.80	19.10	(3.30)	16.30	20.20	(3.90)
	3	11.80	14.90	(3.10)	27.60	20.80	6.80	36.80	23.60	13.20	14.50	18.60	(4.10)	16.00	19.80	(3.80)
	4	18.70	15.30	3.40	23.30	20.50	2.80	26.10	22.00	4.10	11.70	18.40	(6.70)	17.10	21.60	(4.50)
	5	17.80	16.50	1.30	14.70	21.20	(6.50)	21.80	21.80	-	13.00	21.50	(8.50)	24.70	21.80	2.90
	6	18.00	16.10	1.90	13.40	21.00	(7.60)	23.80	21.60	2.20	21.50	22.10	(0.60)	29.50	22.60	6.90
	7	12.90	16.00	(3.10)	18.80	22.20	(3.40)	28.60	21.30	7.30	18.90	20.20	(1.30)	20.50	21.50	(1.00)
	8	15.60	15.80	(0.20)	23.10	20.80	2.30	31.80	21.60	10.20	14.70	21.20	(6.50)	32.00	22.00	10.00
	9	10.40	17.20	(6.80)	19.00	20.20	(1.20)	25.50	23.10	2.40	16.40	21.50	(5.10)	41.20	21.80	19.40
	10	16.70	17.50	(0.80)	17.70	19.70	(2.00)	18.80	24.00	(5.20)	24.00	21.70	2.30	41.80	22.50	19.30
	11	17.50	17.10	0.40	21.50	19.90	1.60	18.20	25.70	(7.50)	28.60	21.30	7.30	35.80	17.70	18.10
	12	11.50	15.40	(3.90)	22.90	19.90	3.00	19.00	26.10	(7.10)	28.40	20.00	8.40	23.30	16.40	6.90
	13	15.20	15.40	(0.20)	39.70	20.10	19.60	19.10	25.90	(6.80)	30.90	20.90	10.00	11.50	17.50	(6.00)
	14	18.70	16.80	1.90	46.20	20.60	25.60	24.40	25.00	(0.60)	31.80	22.50	9.30	14.40	16.90	(2.50)
	15	14.70	16.50	(1.80)	41.50	19.30	22.20	18.50	22.90	(4.40)	33.50	20.60	12.90	19.00	18.50	0.50
	16	18.20	16.90	1.30	30.20	21.00	9.20	14.10	22.20	(8.10)	30.20	22.80	7.40	24.10	19.20	4.90
	17	16.90	17.70	(0.80)	32.50	20.50	12.00	15.50	21.60	(6.10)	27.40	20.90	6.50	23.30	18.20	5.10
	18	12.80	16.60	(3.80)	40.30	21.90	18.40	11.50	20.60	(9.10)	22.00	19.20	2.80	21.10	18.00	3.10
	19	22.00	16.50	5.50	43.30	22.30	21.00	15.40	18.60	(3.20)	22.70	18.90	3.80	12.20	19.30	(7.10)
	20	24.40	16.60	7.80	43.30	23.30	20.00	18.20	21.40	(3.20)	24.10	19.80	4.30	12.40	18.70	(6.30)
	21	18.10	19.00	(0.90)	42.60	24.20	18.40	18.60	22.90	(4.30)	22.30	18.70	3.60	14.20	17.70	(3.50)
	22	16.40	19.80	(3.40)	39.10	23.30	15.80	29.50	22.30	7.20	25.90	21.60	4.30	21.80	16.30	5.50
	23	17.90	21.00	(3.10)	34.40	21.70	12.70	40.20	21.40	18.80	27.00	21.30	5.70	22.30	16.80	5.50
	24	14.70	20.00	(5.30)	29.20	19.40	9.80	40.80	20.20	20.60	32.40	22.30	10.10	23.80	16.00	7.80
	25	13.80	20.40	(6.60)	30.00	19.30	10.70	35.10	22.00	13.10	38.60	22.70	15.90	26.50	13.80	12.70
	26	17.40	21.50	(4.10)	31.60	19.60	12.00	33.30	23.40	9.90	39.50	21.80	17.70	26.60	13.00	13.60
	27	19.20	20.30	(1.10)	24.80	21.40	3.40	23.20	23.30	(0.10)	30.90	20.90	10.00	18.90	13.80	5.10
	28	16.80	19.60	(2.80)	25.80	23.90	1.90	20.60	23.40	(2.80)	34.00	19.10	14.90	19.60	13.20	6.40
	29	16.00	19.60	(3.60)	30.00	24.60	5.40	17.50	21.20	(3.70)	-	-	-	23.60	13.20	10.40
	30	18.50	18.30	0.20	34.10	26.10	8.00	10.40	19.40	(9.00)	-	-	-	21.80	12.10	9.70
	31	-	-	-	27.60	26.10	1.50	18.40	20.60	(2.20)	-	-	-	17.00	15.10	1.90
		476.10	527.00	-50.90	902.60	663.60	239.00	749.90	698.80	51.10	703.90	579.00	124.90	#####	556.20	139.60
%( Warmer) Colder			(9.66)			36.02			7.31			21.57			25.10
		Nov-08			Dec-08			Jan-09			Feb-09			Mar-09
	Day	Actual	Normal	Var	Actual	Normal	Var	Actual	Normal	Var	Actual	Normal	Var	Actual	Normal	Var
	1	11.20	15.20	(4.00)	14.30	20.80	(6.50)	44.90	27.00	17.90	27.00	21.50	5.50	36.80	21.10	15.70
	2	9.80	15.50	(5.70)	22.10	22.10	-	49.20	27.90	21.30	25.10	20.30	4.80	31.50	20.70	10.80
	3	15.60	15.40	0.20	33.40	22.40	11.00	52.90	25.30	27.60	23.30	20.90	2.40	25.70	19.40	6.30
	4	19.90	14.90	5.00	31.70	22.20	9.50	38.50	24.20	14.30	19.20	22.00	(2.80)	20.70	21.70	(1.00)
	5	17.20	16.10	1.10	18.20	22.50	(4.30)	31.80	22.50	9.30	23.40	23.10	0.30	34.50	22.80	11.70
	6	16.40	16.50	(0.10)	19.10	23.10	(4.00)	29.80	21.80	8.00	26.80	22.70	4.10	40.50	22.80	17.70
	7	15.60	16.20	(0.60)	21.80	23.40	(1.60)	36.30	22.10	14.20	24.70	22.20	2.50	24.40	22.10	2.30
	8	16.40	16.80	(0.40)	30.80	22.40	8.40	39.40	22.50	16.90	24.10	21.60	2.50	37.00	22.10	14.90
	9	18.00	17.90	0.10	29.70	22.60	7.10	34.00	23.90	10.10	26.90	22.30	4.60	47.10	20.90	26.20
	10	16.80	17.60	(0.80)	24.30	21.30	3.00	22.70	26.60	(3.90)	30.10	22.00	8.10	50.40	20.20	30.20
	11	18.00	17.90	0.10	20.30	20.70	(0.40)	26.10	28.50	(2.40)	35.10	21.60	13.50	42.50	18.70	23.80
	12	14.70	16.80	(2.10)	26.00	21.10	4.90	33.80	28.70	5.10	35.90	19.70	16.20	29.20	18.30	10.90
	13	16.90	16.90	-	44.70	20.60	24.10	24.10	27.60	(3.50)	40.10	20.90	19.20	16.90	19.40	(2.50)
	14	19.70	16.90	2.80	49.50	21.20	28.30	31.70	27.40	4.30	37.70	21.70	16.00	22.80	19.30	3.50
	15	16.10	17.50	(1.40)	40.00	21.10	18.90	23.10	24.80	(1.70)	38.20	21.80	16.40	26.10	18.50	7.60
	16	20.30	17.30	3.00	34.00	21.70	12.30	21.00	24.20	(3.20)	39.00	23.20	15.80	30.60	18.90	11.70
	17	19.50	17.60	1.90	34.90	22.10	12.80	18.20	23.40	(5.20)	35.90	20.50	15.40	31.60	16.90	14.70
	18	17.10	16.60	0.50	44.30	23.60	20.70	20.40	22.80	(2.40)	27.80	19.90	7.90	30.30	17.70	12.60
	19	28.00	16.60	11.40	45.10	23.60	21.50	24.20	22.60	1.60	30.10	20.50	9.60	24.60	18.70	5.90
	20	24.90	17.90	7.00	49.90	24.70	25.20	24.30	24.70	(0.40)	31.60	20.70	10.90	27.20	18.70	8.50
	21	19.30	19.30	-	48.90	24.80	24.10	25.10	27.00	(1.90)	27.30	20.80	6.50	19.50	16.60	2.90
	22	16.60	21.00	(4.40)	45.40	23.80	21.60	33.40	25.40	8.00	28.00	21.20	6.80	22.40	16.80	5.60
	23	20.50	21.60	(1.10)	44.80	21.10	23.70	46.80	24.10	22.70	29.20	22.00	7.20	27.80	16.40	11.40
	24	15.70	21.00	(5.30)	42.10	20.20	21.90	47.60	22.60	25.00	34.30	22.60	11.70	29.10	14.70	14.40
	25	18.90	21.80	(2.90)	40.80	20.70	20.10	40.80	23.70	17.10	42.80	22.70	20.10	30.00	14.50	15.50
	26	21.70	21.80	(0.10)	41.20	21.20	20.00	41.70	25.40	16.30	44.40	21.10	23.30	30.30	13.00	17.30
	27	24.10	20.40	3.70	29.10	22.70	6.40	24.80	25.40	(0.60)	38.10	20.00	18.10	19.90	11.90	8.00
	28	22.90	19.80	3.10	27.20	24.60	2.60	23.00	24.70	(1.70)	40.70	20.20	20.50	23.00	12.00	11.00
	29	15.70	19.80	(4.10)	30.60	24.80	5.80	20.80	23.00	(2.20)	-	-	-	23.60	12.10	11.50
	30	19.20	19.20	-	41.00	26.30	14.70	15.70	21.80	(6.10)	-	-	-	22.50	10.70	11.80
	31	-	-	-	38.70	27.20	11.50	20.30	21.50	(1.20)	-	-	-	20.20	13.80	6.40
		546.70	539.80	6.90	1,063.90	700.60	363.30	966.40	763.10	203.30	886.80	599.70	287.10	#####	551.40	347.30
%( Warmer) Colder			1.28			51.86			26.64			47.87			62.99
		Nov-08			Dec-08			Jan-09			Feb-09			Mar-09
	Day	Actual	Normal	Var	Actual	Normal	Var	Actual	Normal	Var	Actual	Normal	Var	Actual	Normal	Var
	1	12.90	23.80	(10.90)	13.50	30.30	(16.80)	44.20	32.00	12.20	26.50	30.05	(3.55)	34.30	22.90	11.40
	2	11.90	23.80	(11.90)	23.90	30.30	(6.40)	47.30	32.02	15.28	27.40	30.05	(2.65)	28.10	22.90	5.20
	3	15.00	23.80	(8.80)	31.10	30.30	0.80	52.40	32.02	20.38	24.30	30.05	(5.75)	25.50	22.90	2.60
	4	18.30	23.80	(5.50)	33.70	30.30	3.40	44.40	32.02	12.38	16.50	30.05	(13.55)	25.20	22.90	2.30
	5	17.70	23.80	(6.10)	19.30	30.30	(11.00)	31.10	32.02	(0.92)	20.10	30.05	(9.95)	30.80	22.90	7.90
	6	16.70	23.80	(7.10)	22.00	30.30	(8.30)	32.20	32.02	0.18	22.40	30.05	(7.65)	40.50	22.90	17.60
	7	19.10	23.80	(4.70)	23.70	30.30	(6.60)	35.60	32.02	3.58	22.30	30.05	(7.75)	28.80	22.90	5.90
	8	18.40	23.80	(5.40)	30.60	30.30	0.30	35.80	32.02	3.78	21.20	30.05	(8.85)	33.70	22.90	10.80
	9	18.80	23.80	(5.00)	31.00	30.30	0.70	37.90	32.02	5.88	23.10	30.05	(6.95)	45.30	22.90	22.40
	10	22.10	23.80	(1.70)	22.50	30.30	(7.80)	23.90	32.02	(8.12)	25.30	30.05	(4.75)	46.50	22.90	23.60
	11	19.30	23.80	(4.50)	23.90	30.30	(6.40)	26.00	32.02	(6.02)	29.30	30.05	(0.75)	42.40	22.90	19.50
	12	14.30	23.80	(9.50)	26.50	30.30	(3.80)	34.20	32.02	2.18	31.70	30.05	1.65	32.50	22.90	9.60
	13	15.50	23.80	(8.30)	42.90	30.30	12.60	26.20	32.02	(5.82)	35.20	30.05	5.15	22.70	22.90	(0.20)
	14	22.70	23.80	(1.10)	50.50	30.30	20.20	37.30	32.02	5.28	36.10	30.05	6.05	22.80	22.90	(0.10)
	15	19.20	23.80	(4.60)	44.40	30.30	14.10	26.70	32.02	(5.32)	34.30	30.05	4.25	26.20	22.90	3.30
	16	22.60	23.80	(1.20)	38.40	30.30	8.10	19.20	32.02	(12.82)	31.50	30.05	1.45	29.90	22.90	7.00
	17	21.70	23.80	(2.10)	39.40	30.30	9.10	18.90	32.02	(13.12)	32.20	30.05	2.15	31.10	22.90	8.20
	18	19.90	23.80	(3.90)	43.60	30.30	13.30	15.50	32.02	(16.52)	26.80	30.05	(3.25)	28.40	22.90	5.50
	19	29.10	23.80	5.30	42.10	30.30	11.80	20.90	32.02	(11.12)	26.00	30.05	(4.05)	18.80	22.90	(4.10)
	20	29.40	23.80	5.60	48.00	30.30	17.70	21.10	32.02	(10.92)	27.60	30.05	(2.45)	21.60	22.90	(1.30)
	21	22.00	23.80	(1.80)	50.20	30.30	19.90	23.70	32.02	(8.32)	27.30	30.05	(2.75)	18.40	22.90	(4.50)
	22	18.20	23.80	(5.60)	43.30	30.30	13.00	34.20	32.02	2.18	25.90	30.05	(4.15)	22.50	22.90	(0.40)
	23	22.30	23.80	(1.50)	43.30	30.30	13.00	44.80	32.02	12.78	28.60	30.05	(1.45)	28.30	22.90	5.40
	24	20.90	23.80	(2.90)	42.50	30.30	12.20	44.90	32.02	12.88	32.40	30.05	2.35	29.90	22.90	7.00
	25	18.90	23.80	(4.90)	40.20	30.30	9.90	41.30	32.02	9.28	38.40	30.05	8.35	29.20	22.90	6.30
	26	19.60	23.80	(4.20)	41.80	30.30	11.50	40.10	32.02	8.08	45.30	30.05	15.25	26.60	22.90	3.70
	27	18.00	23.80	(5.80)	31.90	30.30	1.60	29.50	32.02	(2.52)	38.70	30.05	8.65	20.10	22.90	(2.80)
	28	18.00	23.80	(5.80)	33.60	30.30	3.30	24.10	32.02	(7.92)	37.20	30.05	7.15	19.20	22.90	(3.70)
	29	17.40	23.80	(6.40)	37.20	30.30	6.90	23.00	32.02	(9.02)	-	-	-	20.70	22.90	(2.20)
	30	19.80	23.80	(4.00)	42.80	30.30	12.50	16.10	32.02	(15.92)	-	-	-	20.50	22.90	(2.40)
	31	-	-	-	39.70	30.30	9.40	21.90	32.02	(10.12)	-	-	-	17.50	15.10	2.40
		579.70	714	-134.30	1,097.50	939.3	158.2	974.40	992.6774	-18.2774	813.60	841.3	-27.7	868.00	702.1	165.9
% (Warmer) Colder			(18.81)			16.84			(1.84)			(3.29)			23.63
		Nov-08			Dec-08			Jan-09			Feb-09			Mar-09
	Day	Actual	Normal	Var	Actual	Normal	Var	Actual	Normal	Var	Actual	Normal	Var	Actual	Normal	Var
	1	15.40	25.80	(10.40)	16.40	32.20	(15.80)	49.80	34.62	15.18	28.80	31.03	(2.23)	30.60	23.90	6.70
	2	13.80	25.80	(12.00)	27.10	32.20	(5.10)	55.60	34.62	20.98	21.80	31.03	(9.23)	26.10	23.90	2.20
	3	15.20	25.80	(10.60)	34.90	32.20	2.70	52.40	34.62	17.78	20.50	31.03	(10.53)	27.10	23.90	3.20
	4	20.80	25.80	(5.00)	27.90	32.20	(4.30)	38.50	34.62	3.88	17.90	31.03	(13.13)	28.90	23.90	5.00
	5	24.30	25.80	(1.50)	21.20	32.20	(11.00)	34.20	34.62	(0.42)	19.90	31.03	(11.13)	35.70	23.90	11.80
	6	25.40	25.80	(0.40)	24.80	32.20	(7.40)	47.10	34.62	12.48	26.50	31.03	(4.53)	34.50	23.90	10.60
	7	21.90	25.80	(3.90)	31.10	32.20	(1.10)	44.70	34.62	10.08	21.40	31.03	(9.63)	26.00	23.90	2.10
	8	20.70	25.80	(5.10)	35.50	32.20	3.30	45.90	34.62	11.28	19.10	31.03	(11.93)	38.90	23.90	15.00
	9	18.00	25.80	(7.80)	35.20	32.20	3.00	44.00