Borrowing the premise from the 1993 movie Groundhog Day in which Bill Murray’s character is doomed to continually repeat the same day of his life forever, natural gas futures traders find themselves continuing to assault $8 psychological resistance in the December contract only to experience the same result each time — failure. On Monday the prompt month reached a high of $8 in afternoon trading before sinking to close at $7.894, up a dime from Friday’s close.
Character
Articles from Character
CA Parties Want to Argue El Paso Case Before Full FERC
In light of the “national importance” and “precedent-setting character” of the pending bid-rigging and price-manipulation complaint against El Paso Natural Gas, California regulators and the state’s three principal utilities have asked that they be given a chance to make a pitch for their case before the full FERC.
CA Parties Want to Argue El Paso Case Before Full FERC
In light of the “national importance” and “precedent-setting character” of the pending bid-rigging and price-manipulation complaint against El Paso Natural Gas, California regulators and the state’s three principal utilities have asked that they be given a chance to make a pitch for their case before the full FERC.
Marketers Joining, Changing Storage Scene
While the abundance of gas now in storage has analystspredicting soft prices in the coming months, others suggest thecharacter of storage operations will be changing as more and moremarketers take title to storage capacity from LDCs. Storage held bylocal distribution companies and power generators typically hasbeen used to ensure supply. Marketers holding storage or optimizingstorage assets under contract with LDCs see storage as a financialopportunity in addition to a supply insurance policy. Thearbitrageurs will handle their storage differently when suppliesget tight, said Pete Kinsella, Columbia Gas Transmission vicepresident of marketing and volume management.