The big price run-ups for the last two days of September that had dazzled (and befuddled in many cases) cash traders failed to survive the month-to-month transition, for the most part. In Thursday’s highly volatile trading for the initial October aftermarket, a few scattered points ranged from flat to slightly higher or lower, while Henry Hub and Texas Eastern M-2 were conspicuous with their gains of nearly 15 cents and 20 cents respectively.
Befuddled
Articles from Befuddled
Canadian Superior Defends Mariner Drilling Halt; Says Action Forced by El Paso
Leaving analysts and the press equally befuddled, Canadian Superior said the abandonment of the El Paso Mariner I-85 well in the Atlantic Ocean off Nova Scotia, following 3-1/2 months of drilling, was actually not out of the ordinary when dealing with a new prospect.
Large Northern-Enron Contract Concerns GPM
Phillips subsidiary GPM Gas Corp. and a number of other NorthernNatural shippers are befuddled by a complex negotiated ratetransaction between Northern Natural and its affiliate Enron NorthAmerica Corp. that covers 295,000 MMBtu/d of firm transportationspace, or about one-third of Northern’s pipeline capacity. Thecontract was filed at FERC on Oct. 29 (Docket No. RP96-272).
Massive Northern-Enron Contract Concerns GPM
Phillips subsidiary GPM Gas Corp. and a number of other NorthernNatural shippers are befuddled by a complex negotiated ratetransaction between Northern Natural and its affiliate Enron NorthAmerica Corp. that covers 295,000 MMBtu/d of firm transportationspace, or about one-third of Northern’s pipeline capacity. Thecontract was filed at FERC on Oct. 29 (Docket No. RP96-272). GPMhas filed a protest and request for technical conference with FERCon the matter, saying the transaction is large, complex and maydiscriminate against other shippers.