Cited

Prices Rise Despite Plunging Screen; ‘Storm Hype’ Cited

A Gulf Coast producer figured it had to be “storm hype”outweighing a sharply lower gas futures screen and causing nearlyall cash markets to soar by a dime or more Monday. Even mild tocool temperatures and the additional negative influence of Novembercrude oil futures plunging by 78 cents to settle below $24/bbl forthe first time in weeks failed to avert substantial upticks forspot gas.

October 5, 1999

Production Deficit Driving Spot Prices

Analysts are escalating their spot gas price forecasts, but it’snot the oft-cited storage fill that’s driving them.

August 30, 1999

Production Deficit Driving Spot Prices

Analysts are escalating their spot gas price forecasts but it’snot the oft-cited storage fill that’s driving them.

August 30, 1999

Screen, ‘Lack of Weather’ Cited in Minor Cash Drops

Cash quotes were mildly softer Monday, with price movementranging from none (flat) to down about a nickel. A July futuresdrop of just over 7 cents was the obvious explanation for cashweakness to many sources. A Houston-based aggregator asserted that”lack of weather” in both the Gulf Coast production area andNortheast market area exacerbated the screen’s negative influence.Forecasts continue to call for hotter temperatures later this week,he said, “but it’s not happening yet.” Even with Monday being theofficial start date for summer, recent high thermometer readings inthe South are only rarely getting above the 80s, he said.

June 22, 1999

Storage Report, Futures Cited in Cash Price Drops

A storage report considered bearish by most traders set thestage for softness in the cash market Thursday, then a plungingfutures screen virtually guaranteed cash declines. Sure enough,nearly every point fell between 5 and 8 cents. “We’re just tradingdown with the screen,” said a Western marketer.

March 12, 1999

March Futures Rally On Short-Covering

Market participants cited short-covering and relatively strongcash prices as the main reasons for a 7.4-cent gain turned in bythe March Nymex contract Tuesday. The contract flirted around theminor resistance level of $1.81 for most of the day before settlingslightly higher at $1.818.

February 3, 1999

KN Earnings Boosted by MidCon Acquisition

Nine months after acquiring MidCon Corp., KN Energy citedimprovements in all areas of operations and reported a markedincrease in earnings for the first three quarters of 1998.

November 4, 1998
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