June natural gas futures eased, although a major contingent — funds and managed accounts — now appears to be aligned on the long side of the market and technical support remains intact. At the close June futures had fallen 2.3 cents to $4.670 and July was lower by 2.5 cents to $4.738. June crude oil cascaded lower giving up $2.47 to $111.05/bbl.
Aligned
Articles from Aligned
Buffett Might Find Competition for Constellation’s Hand
While things still appear aligned for Warren Buffett’s MidAmerican Energy Holdings to scoop up embattled Constellation Energy for $4.7 billion, or $26.50/share (see Daily GPI, Sept. 19), reports in a number of newspapers indicate that there could be a dark horse that might swoop in over the weekend with a competing offer, one that is rumored to be more than a billion dollars sweeter to Constellation.
September 22, 2008
Rockies Producers Finally Get Their Day in the Sun
The stars are aligned for the exploration and production industry, particularly in the Rocky Mountain region, according to Stuart Wagner of Petrie Parkman and John Olson of Sanders Morris Harris. But Rockies gas production probably will fall short of expectations, because of the natural limits on the resource base and the continuing regulatory restrictions on growth.
May 24, 2004
Rockies Producers Finally Get Their Day in the Sun
The stars are aligned for the exploration and production industry, particularly in the Rocky Mountain region, according to Stuart Wagner of Petrie Parkman and John Olson of Sanders Morris Harris. Speaking at GasMart in Denver Tuesday, Olson told producers the next five years are probably going to be their best ever, with “vast” revenue forecasts coming in.
May 19, 2004
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