Cash traders apparently decided to ignore a relatively bearishstorage report, a retreat in Wednesday afternoon’s Access futurestrading and a further small downtick on the screen Thursday.Instead they focused on Wednesday’s jump of almost 20 cents inregular futures business and tried to match it in cash businessThursday-coming close in the cases of Agua Dulce and NGPL-SouthTexas, which both rose about 14 cents. Other points moved up in thevicinity of a dime. Standout exceptions were Malin andintra-Alberta, which managed increases of only a nickel or so. Themildness of the Malin uptick occurred even though PG&E failedto extend Thursday’s OFO.
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CA Electric Supplier Faces Class Action
A California green power marketer has apparently fallen out offavor with at least some of its investors as evidenced by a classaction filed in the U.S. District Court in California on behalf ofKeystone Energy Services shareholders who acquired shares betweenNov. 14, 1997 and Feb. 3.
May 14, 1998
Most Points Leveling Off, But Northeast Citygates Soar
This week’s run-up in cash prices apparently hadn’t run out ofsteam completely Wednesday, but most of the new increases weresmall, and several points either flattened out or, as in the caseof Northern Natural-demarc and Chicago citygates, were starting toretreat from their previous heights.
March 12, 1998
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