In the first of sporadic teleconferenced “Afternoons with Archie,” Conoco CEO Archie Dunham last Thursday said he finds current natural gas prices “disconcerting,” but was pleased about last week’s electric demand on the East Coast and added he continues to remain “very bullish” on natural gas in the immediate and near terms. Dunham, who had no planned agenda during the 20-minute call, also said that the company’s second quarter earnings had made him “cautiously optimistic” about the rest of the year.
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Conoco CEO ‘Cautiously Optimistic’ About Rest of 2001
In the first of sporadic teleconferenced “Afternoons with Archie,” Conoco CEO Archie Dunham on Thursday told the investor audience that while he found current natural gas prices “disconcerting,” he was pleased about the electric demand on the East Coast this week and continued to remain “very bullish” on natural gas in the immediate and near terms. Dunham, who had no planned agenda during the 20-minute call, also said that the company’s second quarter earnings had made him “cautiously optimistic” about the rest of the year.
August 10, 2001
Futures Give Back Gains in Late-Day Sell-Off
Wednesday afternoons have been interesting times lately in thenatural gas pit at Nymex and yesterday was no exception. Afterspiking as much as 20 cents higher on storage-hype-related buying,the June contract spiraled lower after the report was released. TheJuly contract finished at $4.356, just 0.2-cents above Tuesday’sclose. According to the American Gas Association, 56 Bcf wasinjected into underground storage facilities last week, bringingtotal working gas to 1,274 Bcf or 429 Bcf less than at the sametime last year.
June 1, 2000
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