The continuing crushing heat through the Southwest Tuesday pushed several Gulf Coast points into $10.00 territory normally reserved for the Northeast, while price increases in other areas of the country could be termed relatively moderate, matching their weather. But the overall momentum continued up, spurred by continuing futures market gains and growing concern about potential offshore shut-ins in the near future.
Crushing
Articles from Crushing
Futures Face ‘Reality’ in Return to Earth
Coming down hard and crushing the psychological $6 mark to start the week of trading, August natural gas futures plummeted 28.4 cents to close at $5.857. The crash notched the lowest level August has seen since April 26, when the contract bounced off of the $5.80 level on the day.
July 13, 2004
Dynegy Hammered By Poor Financial Results, Charges
Dynegy Inc. reported a crushing amount of negative financial news on Friday, including a $341 million loss before dividends for the fourth quarter and a $2.8 billion loss for the year after scrapping its natural gas marketing contract with ChevronTexaco, shutting the doors on energy trading and laying off 1,100 employees, including 700 in the fourth quarter. Dynegy shares, which have been in the basement since last summer, fell 16% on Friday to $2.
February 19, 2003
Dynegy Hammered By Poor Financial Results, Charges
Dynegy Inc. reported a crushing amount of negative financial news on Friday, including a $341 million loss before dividends for the fourth quarter and a $2.8 billion loss for the year after scrapping its natural gas marketing contract with ChevronTexaco, shutting the doors on energy trading and laying off 1,100 employees, including 700 in the fourth quarter. Dynegy shares, which have been in the basement since last summer, fell 16% on Friday to $2.
February 3, 2003
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