FracSpread

Description

Displays a NYMEX Propane to Natural Gas Frac Spread using the ratio you specify.

Formula

FracSpread(rPropane, rNatGas)=begin

   PNmmBtu = PNmmBtuPerGallon * rPropane

   NGmmBtu = NG#.recent * rNatGas

   retval = Scale(PNmmBtu - NGmmBtu,SPREAD_SCALE)

end

Parameters

rPropane

The number of Propane contracts.

rNatGas

The number of Natural Gas contracts.

Return Value

A Frac Spread.

Examples

FracSpread(1,1)

Displays a 1:1 Frac Spread.

FracSpread(3,1)

Displays a 3:1 Frac Spread.

FracSpread(5,2)

Displays a 5:2 Frac Spread.

Comments

NA