Adage

Gas Demand Growth to Rise, Says Schlumberger CEO

Schlumberger Ltd. CEO Andrew Gould last week repeated an old adage and added something new to it, telling an industry audience in New Orleans, “if you want to find oil, you have to drill. And if you want to produce unconventional gases or oils, it is even truer.”

April 4, 2011

Schlumberger CEO: Higher Shale Recovery Rates Equal Big Opportunity

Schlumberger Ltd. CEO Andrew Gould repeated an old adage and added something new to it on Monday, telling an industry audience in New Orleans, “if you want to find oil, you have to drill. And if you want to produce unconventional gases or oils, it is even truer.”

March 31, 2011

Futures Rebound Following 36 Bcf Storage Draw

Living up to the old trader adage that “anything can happen on expiration,” the April natural gas futures contract on Thursday explored both higher and lower price levels before anticlimactically going off of the board nearly unchanged from Wednesday’s close. The April contract traded between $9.385 and $9.640 before expiring at $9.578, up six-tenths of a cent from the previous day’s close. May futures had a similarly adventurous day, trading between $9.465 and $9.740 before closing at $9.687, up two-tenths of a cent from Wednesday’s close.

March 28, 2008

Energy Lenders Like U.S. Market Best

The adage may say “never a borrower or a lender be,” but that doesn’t hold true for the energy business. Producers are chasing assets and capital providers are chasing borrowers at a time when most everyone believes gas and oil prices have reached a new deck. For energy industry capital markets these are “unique” times, and the United States is where the bulk of the action is.

May 24, 2006

EnCana Teams With Marauder to Explore Offshore Nova Scotia Again

Borrowing from the old adage “If at first you don’t succeed try, try again,” EnCana Corp. has teamed up with Calgary-based independent Marauder Resources East Coast Inc. to explore and produce natural gas offshore Nova Scotia.

December 13, 2004

EnCana Teams With Marauder to Explore Offshore Nova Scotia Again

Borrowing from the old adage “If at first you don’t succeed try, try again,” EnCana Corp. has teamed up with Calgary-based independent Marauder Resources East Coast Inc. to explore and produce natural gas offshore Nova Scotia.

December 10, 2004

EnCana Teams With Marauder to Explore Offshore Nova Scotia Again

Borrowing from the old adage “If at first you don’t succeed try, try again,” EnCana Corp. has teamed up with Calgary-based independent Marauder Resources East Coast Inc. to explore and produce natural gas offshore Nova Scotia.

December 10, 2004

For at Least a Day, February Futures Buck the Trend

It is said that first impressions are lasting ones, and bulltraders hope that adage applies also to futures contracts,following the market’s dramatic price rally as February’s debutedas the spot month yesterday. February opened Wednesday at Tuesday’shigh and moved 10.5 cents higher for the day to finish at $1.886.At 44,020, estimated volume was light considering the double digitprice move.

December 31, 1998

Energy Stocks Rise on Market’s High Tide

Energy stocks gave credence to the adage that a high tide raisesall boats as they followed Wednesday’s market rally, generallyrising one to two points. While energy shareholders are surelyenvious of the leap made by the market stars’ – technology stocks -the share price boost was welcome good news in a marketplaceplagued by depressed commodity prices.

September 24, 1998

Futures Adhere to Adage: ‘What Goes Up….’

For the second week in a row, the futures market was unable tobuild on advances posted early in the week, and after the Septembercontract flirted with, but did not break through resistanceTuesday, again came under significant selling pressure that leftthe prompt month down 8.3 cents to settle at $1.812.

August 12, 1998