Circle

Faced with prices that are expected to fall lower than $2/Mcf, producers could begin curtailing production soon and that would further ensure the return of sharply higher prices next winter, given the current drilling decline, according to panelists at Cambridge Energy Research Associates’ CERAWeek 2002. Supply restrictions during a hot summer would quickly change the storage situation, the panelists said.

Barrett Resources wasn’t quite ready to circle the wagons onFriday to fight off a hostile takeover bid by Royal Dutch ShellGroup, but it did give Shell the cold shoulder. Barrett said itwould begin an open bidding process to consider proposals from “anumber of qualified parties, rather than commencing negotiationssolely with Shell under artificial deadlines that only serveShell’s interests.”

Barrett Resources wasn’t quite ready to circle the wagons onFriday to fight off a hostile takeover bid by Royal Dutch ShellGroup, but did give Shell the cold shoulder. Barrett said it wouldbegin an open bidding process to consider proposals from “a numberof qualified parties, rather than commencing negotiations solelywith Shell under artificial deadlines that only serve Shell’sinterests.”

Confident in the pliability of their wildly successful businessmodel that has transformed the energy industry, Enron needed nodog-and-pony show as executives trotted out forecasts during aninvestor’s conference last week. In the space of a few hours, theHouston-based giant’s executives stressed one point again andagain: they fully expect to remain the leader in every field theyenter into the foreseeable future.

Confident in the pliability of their wildly successful businessmodel that has transformed the energy industry, Enron needed nodog-and-pony show as executives trotted out forecasts during aninvestor’s conference yesterday. In the space of a few hours, theHouston-based giant’s executives stressed one point again andagain: they fully expect to remain the leader in every field theyenter into the foreseeable future.