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RMI is a wholly owned subsidiary of International Assets Holding Corporation's FCStone Group.

This material should not be construed as an offer to sell or the solicitation of an offer to buy any financial instrument where such an offer or solicitation would be illegal. We are not soliciting any action based on this material. It is for the general information of our clients. It does not constitute a recommendation or take into account the particular investment objectives, financial conditions, or needs of individual clients. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, if necessary, seek professional advice. The price and value of the strategies in this material and the resulting income may go down as well as up, and clients may realize losses on any investments.

Past performance is not a guide to future performance. Future returns are not guaranteed, and a loss of original capital may occur. We do not provide tax, accounting, or legal advice to our clients, and all clients are advised to consult with their tax, accounting, or legal advisers regarding any potential investment. Certain transactions - including those involving futures, options, swaps, and other derivatives - give rise to substantial risk and are not available to nor suitable for all investors.

Although the information has been compiled by RMI from sources believed to be reliable, these financial forecasts/data/analysis are based upon a number of estimates and assumptions that are subject to significant business, economic, regulatory and competitive uncertainties. Forecasts are inherently subjective and speculative, and actual results and subsequent forecasts may vary significantly from these forecasts. RMI makes no representation, warranty or guarantee as to, and shall not be responsible for the accuracy or completeness of, this information and has no obligation to update any information provided to you. No assurance or guarantee is made that the forecasts will be achieved.

RMI shall not be liable to recipient or any third party for its use of, or reliance on, the information contained herein. Neither RMI, nor any affiliate, nor any of their respective officers, partners, or employees accepts any liability whatsoever for any direct or consequential loss arising from any use of this publication or its contents. Please be advised that the examples and prices provided are for illustrative purposes only and may not reflect the actual prices at the time a transaction is executed. RMI is actively involved in the energy brokerage and consulting business and may advise/execute transactions in accordance with or contrary to any strategies presented herein, at its discretion.