Bounced

Enterprise Products Partners LP infrastructure bounced back from Hurricane Katrina in 2005 and a fire at Mont Belvieu, TX, in 2011, and the partnership will weather the current “tsunami of natural gas liquids (NGL)” that is ravaging margins in the light end of the NGL barrel, Enterprise COO Jim Teague told financial analysts Thursday.

The physical market bounced higher by close to a dime on Monday as an April snowstorm buffeted the MidAtlantic and Northeast and western prices firmed on nuclear outages. Strong futures trading also added to the bullish mix, and at the close May had risen 8 cents to $2.007 and June had posted a gain of 8.1 cents to $2.096. June natural gas traded a hefty 143,000 contracts and June crude oil shed 77 cents to $1.0311/bbl.

May options expiration on Tuesday saw the prompt-month natural gas futures contract continue its recent stretch of sideways trading as May futures bounced between $4.191 and $4.293 before closing out the day’s regular session at $4.216, down 4.6 cents from Monday’s finish. The contract expires Wednesday.

May options expiration on Tuesday saw the prompt-month natural gas futures contract continue its recent stretch of sideways trading as May futures bounced between $4.191 and $4.293 before closing out the day’s regular session at $4.216, down 4.6 cents from Monday’s finish. The contract expires Wednesday.

ConocoPhillips bounced back from year-ago losses on stronger oil prices and better-than-expected results from its cost reduction plans, the Houston-based producer said last week.

ConocoPhillips, the first of the oil majors to issue 4Q2009 earnings, bounced back from year-ago losses on stronger oil prices and better-than-expected results from its cost reduction plan, the Houston-based producer said Wednesday.

ConocoPhillips, the first of the oil majors to issue 4Q2009 earnings, bounced back from year-ago losses on stronger oil prices and better-than-expected results from its cost reduction plan, the Houston-based producer said Wednesday.

October natural gas futures bounced within a 20-cent range on Tuesday as traders and analysts attempted to figure out the range-bound market’s next move. The prompt-month contract ended up finishing the day’s regular session at $3.609, up 3.3 cents from Monday’s close.

Natural gas futures traders continued their rudderless approach to trading on Wednesday as the February contract bounced between $5.978 and $5.784 before closing the day’s regular session in the middle at $5.872, down 11.1 cents from Tuesday’s close. Traction for a price move in either direction remained unavailable as fundamentals ranged from the recent bullish cold in the East to bearish natural gas storage withdrawal expectations for the week ended Jan. 2.