Our marketing group sells proprietary and third-party natural gas, crude oil, natural gas liquids, ethanol and power in certain regional global markets. We have built a solid strategic presence within various North American regional markets and have extended our presence into certain global markets. We focus on securing access to transportation, storage and facilities, as well as the commodities we produce or acquire. We optimize the margin on our base business by physically and financially trading around our access to these physical assets. We also trade financially for profit where we see opportunities in the market. We use financial and derivative contracts, including futures, forwards, swaps and options for hedging and trading purposes.

Our marketing strategy is to:

• obtain competitive pricing on the sale of our oil and gas production;
• provide market intelligence in support of our oil and gas operations;
• provide superior customer service to producers and consumers;
• capitalize on market opportunities through physical and financial trading; and
• optimize physical assets or contracts to which we have access.

This strategy aligns with our corporate focus on realizing the full value from our assets and provides us with the market intelligence needed to deliver current and future oil and gas production to market at competitive pricing.