Spikes of 40-50 cents or so Friday at San Juan Basin/Rockies points were in sharp contrast to losses of about 15 cents to more than 30 cents in the rest of the market.
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Virginia Survey Finds Interest Peaking in Energy Choice
In contrast to energy deregulation skepticism that has become prevalent in various states following the California debacle, more than three out of four Virginians say they are interested in the Commonwealth’s move to a competitive energy supply market, according to the latest Virginia Energy Choice (VEC) survey. The results show an increase from another survey taken earlier this year.
Western Gains Contrast With Overall Mild Softness
Flatness or small declines of about a nickel or less dominated the market Wednesday. Sharply higher San Juan/Rockies numbers, along with mild firmness at Northern California points, constituted the primary exceptions to the overall price trend.
Few Expect Strong Price Advances Will Continue
In contrast to a softening screen, cash prices were higher across the board Monday. Gains mostly were in the low to mid teens, but ranged from slightly under a dime for Malin and Sumas to about a quarter at Northeast citygates.
WSI Sees Mild Winter in Northeast, Cold in West
In contrast to forecasts by the National Oceanic and Atmospheric Administration (NOAA) and Salomon Smith Barney of a colder-than-normal winter in key eastern consuming regions, WSI Corp.’s end-of-October update to its seasonal forecast for November, December and January predicts warmer-than-normal temperatures in the Northeast, Mid-Atlantic and in the central and southern Plains. WSI, however, said it expects cooler-than-normal temperatures in the Gulf Coast states, Northern Plains, Great Lakes states, and all areas west of the Rocky Mountains.
WSI Sees Mild Winter in Northeast, Cold in West
In contrast to forecasts by the National Oceanic and Atmospheric Administration (NOAA) and Salomon Smith Barney of a colder-than-normal winter in key energy consuming regions, WSI Corp.’s end-of-October update to its seasonal forecast for November, December and January predicts warmer-than-normal temperatures in the Northeast, Mid-Atlantic and in the central and southern Plains. WSI, however, said it expects cooler-than-normal temperatures in the Gulf Coast states, Northern Plains, Great Lakes states, and all areas west of the Rocky Mountains.
UBS Warburg Says Storage Refill is ‘Tall Order’
In stark contrast to outlooks released by Salomon Smith Barney and Lehman Brothers last week that predicted natural gas storage would refill at a record pace during the 2001 filling season, UBS Warburg said it would be a challenge for the industry to refill storage to the 2,800 Bcf mark by November (see Daily GPI, April 5; April 6).
Resistance Withstands Charge, Bulls Settle for 8.6-cent Gain
For the second trading session in a row Monday the Aprilcontract opened at 2.81, but in contrast to the price fallexperienced last Friday, prices spiked higher at the open yesterdayand quickly tested life-of-contract highs. However, severalattempts to punch through the $2.88 level failed and that left themarket with an 8.6 cent advance and a $2.86 closing price.
Huge NYC Spike Conspicuous in Overall Softer Market
In sharp contrast to falling prices in all other areas,Northeast citygates were moving higher Tuesday. By far the mostdazzling performance came from Transco deliveries into New YorkCity that spiked by about a dollar above $4, much as they had onNov. 30. Unlike the end of November, when Transco Zone 6-NYC quotespeaked at $4.75, Tuesday’s top end hit $5.05.
Northeast Plunges Contrast With Overall Flat Pricing
Flat pricing dominated the cash market again Thursday, butregion-specific variations also continued. While numbers saw littlechange in the Gulf Coast, Midcontinent/Midwest and Southwest,Northeast deliveries took a dive and Rockies pipes saw gains ofabout a nickel or so. The Rockies and Northeast price movements,though divergent, were based on the same influences: changingweather. The East Coast is entering a warm-up period; meanwhile,recent record-setting warmth in the Rockies was a thing of the pastas a stormy cool front moved through the region toward the Plainsstates.