With an upbeat conference call and better-than-expected earnings for the first quarter, Dynegy Inc. swung to a profit for the first time in over a year, and further encouraged investors that it now expects to surpass 2003 guidance. The sector-leading stock soared, with more than 34 million shares exchanging hands, sending Dynegy up 25% to close at $4.70 — its highest level since July 18, 2002, when it closed at $4.50.
Demand
Articles from Demand
Lehman Analyst Sees Significantly Higher LNG Imports
A rapidly falling U.S. natural gas supply and increased power demand will lead to higher liquefied natural gas (LNG) imports over the next 10 years, according to a detailed analysis by Thomas R. Driscoll of Lehman Brothers.
April 21, 2003
Lehman Analyst Sees Significantly Higher LNG Imports
A rapidly falling U.S. natural gas supply and increased power demand will lead to higher liquefied natural gas (LNG) imports over the next 10 years, according to a detailed analysis by Thomas R. Driscoll of Lehman Brothers.
April 17, 2003
KeySpan Exec Says LNG’s Role in U.S. Growing in Importance
Traditional natural gas supplies will not keep pace with demand in the long term, and more U.S. companies likely will turn to the global liquefied natural gas (LNG) market in the years to come, a Northeast utility executive said in Houston Tuesday.
April 14, 2003
KeySpan Exec Says LNG’s Role in U.S. Growing in Importance
Traditional natural gas supplies will not keep pace with demand in the long term, and more U.S. companies likely will turn to the global liquefied natural gas (LNG) market in the years to come, a Northeast utility executive said in Houston Tuesday.
April 9, 2003
Canada Explores Coalbed Methane Potential
Driven by high prices, depleted storage, demand growth forecasts and signs that conventional production has at best peaked and at worst begun slipping, Canadian natural gas suppliers are hunting a new generation of reserves that can be put to use fast.
March 17, 2003
Canada Explores Coalbed Methane Potential
Driven by high prices, depleted storage, demand growth forecasts and signs that conventional production has at best peaked and at worst begun slipping, Canadian natural gas suppliers are hunting a new generation of reserves that can be put to use fast.
March 17, 2003
EIA Reports Third Largest Weekly Draw in Last Nine Years
Record demand last week in the eastern United States led to the third largest weekly storage withdrawal in nine years, according to the Energy Information Administration. The EIA reported a withdrawal of 247 Bcf for the week ending Jan. 24. The only other times that the industry has withdrawn that much gas from storage in a single week was during the weeks ending Jan. 28, 2000 (253 Bcf) and Jan. 17, 1997 (260 Bcf).
January 31, 2003
Transportation Notes
In a Critical Notice Tuesday, Algonquin said recent forecast data for its service territory show demand continuing to strengthen in response to colder temperatures. In order to mitigate conditions that could threaten its firm service capability, the pipeline said it “is imperative” that effective with the beginning of Wednesday’s gas day, shippers and point operators limit their daily variances between scheduled deliveries and actual deliveries to 2% or less. Any quantity outside the 2% due-pipeline tolerance will be deemed unauthorized and charged a $15/Dth penalty, Algonquin said. Also on Wednesday, the following restrictions will take effect: no nominated increases through Stony Point Compressor Station except for primary no-notice; no forward-haul IT or Authorized Overrun anywhere on the system; and no due-shipper gas available anywhere on the system.
January 15, 2003
Transportation Notes
Anticipated demand allowed Algonquin to accept “a limited amount” of due-shipper imbalance make-up nominations for Christmas Day. However, the pipeline said no due-shipper gas would be available Thursday.
December 26, 2002
Listen to the latest episode of our newest podcast NGI's Hub and Flow via:
