MARKET NEWS | Average
11/20/14 | 11/20/13 13/14 Price
Close Change | Close Change YTD
Dow Jones Industrial Average 17,719 33 | 15,901 1,818 16,660
NASDAQ 4,702 26 | 3,921 781 4,332
S&P 500 2,053 4 | 1,781 271 1,916
Amex Oil Index 1,460 19 | 1,476 -16 1,556
S&P/TSX Composite Index 15,075 95 | 13,430 1,645 14,653
S&P/TSX Cdn. Energy Index 262 7 | 270.36 -8.43 297
S&P/TSX Oil & Gas Producers 2,424 74 | 2,565 -141 2,844
S&P/TSX Oil & Gas Services 1,548 34 | 1,614 -66 1,876
|
Can-US Exchange Rate (US¢) 88.40 0.30 | 95.74 -7.34 90.98
10 Yr Gov't Canada Bond 2.02 -0.02 | 2.63 -0.61 2.28

COMMODITY NEWS | Average
11/20/14 | 11/20/13 13/14 Price
Natural Gas Close Change | Close Change YTD
Aeco Spot ($C/mcf) 4.17 -9 ¢ | 3.36 0.81 4.60
Differential (H. Hub/Aeco) ($C/mcf) 0.82 10 ¢ | 0.43 0.39 0.28
Aeco 12 Month Strip (NGX) ($C/mcf) 3.93 4 ¢ | 3.34 0.59 4.34
Aeco Calendar Strip 2015 (NGX) ($C/mcf) 3.89 3 ¢ | 3.50 0.39 4.07
Dawn ($C/mcf) 5.77 1 ¢ | 3.93 1.84 6.99
|
Henry Hub Spot ($US/mmbtu) 4.41 2 ¢ | 3.62 0.79 4.45
NYMEX Dec14 ($US/mmbtu) 4.49 12 ¢ | 3.67 0.82 4.35
NYMEX 12 Month Strip ($US/mmbtu) 4.05 5 ¢ | 3.75 0.30 4.26
NYMEX 2015 Strip ($US/mmbtu) 4.01 4 ¢ | 3.77 0.24 4.11

| Average
11/20/14 | 11/20/13 13/14 Price
Crude Oil Close Change | Close Change YTD
Synthetic Crude ($C/bbl) 81.31 86 ¢ | 86.53 -5.22 105.04
Western Canada Select ($C/bbl) 66.83 -22 ¢ | 65.65 1.18 85.60
Differential (WTI/WCS) ($C/bbl) 18.66 1.07 | 32.38 -13.72 20.48
Differential (WTI/Synthetic) ($C/bbl) 4.19 -1 ¢ | 10.95 -6.76 1.23
|
WTI Cushing Spot ($US/bbl) 75.58 1.00 | 93.33 -17.75 96.76
NYMEX WTI Dec14 ($US/bbl) 75.58 1.00 | 93.85 -18.27 96.59
NYMEX WTI 12 Month Strip ($US/bbl) 75.79 1.16 | 93.03 -17.24 93.38
NYMEX WTI 2015 Strip ($US/bbl) 75.81 1.14 | 93.03 -17.22 90.07
ICE Brent Jan15 ($US/bbl) 79.33 1.23 | 108.06 -28.73 103.41

While the information contained in this document was obtained from sources believed to be reliable, FirstEnergy Capital Corp. and Petroleum Services Association of Canada do not guarantee its accuracy and completeness.

FirstEnergy Capital Corp., 1100, 311 – 6th Avenue SW, Calgary, Alberta, Canada T2P 3H2, 403-262-0600

Petroleum Services Association of Canada, 1150, 800 – 6th Avenue SW, Calgary, Alberta, Canada T2P 3G3, 403-264-4195