RiskAdvisory "2000 Canadian Energy Sector Portfolio Management Survey"

First Overall Ranking in Canadian Natural Gas Markets and First Overall Ranking in Canadian Crude Oil Markets.

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First Overall Ranking in Canadian Natural Gas Markets
First Overall Ranking in Canadian Crude Oil Markets
First rankings in 10 of the 14 crude oil criteria.
Second rankings in remaining 4 crude oil criteria.
"Morgan Stanley finished with the highest performance rating" for natural gas.
"Morgan Stanley had a top three aggregate ranking in 12 of 14 criteria" for natural gas.
"Morgan Stanley was named the best provider of NYMEX-based swaps and options, and AECO/NIT options."
"The survey points to another superlative year for the Morgan Stanley coverage effort in Canada ... Once again, the combination of strong relationships, a dominant coverage effort and competitive pricing yielded impressive results."
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