Disappointed

May Expires Higher, But Some Still See Sub-$3 Blip Ahead

Traders looking for the expiring May natural gas futures contract to test psychological support at $3 were sorely disappointed Tuesday as it instead finished its run by gaining 6.8 cents over Monday’s close to terminate at $3.321. The June contract, which takes over Wednesday as the prompt month, added 7.8 cents to close at $3.440.

April 29, 2009

February Expires Quietly; Traders Expect Bearish Storage Pull

Traders expecting fireworks on the expiration of February natural gas futures were sorely disappointed Wednesday as the contract failed at an early push to higher prices and ended up going off the board at $4.476, down 2.7 cents. Before taking over as the new front-month contract, March natural gas on Wednesday dropped 2.5 cents to close at $4.420.

January 29, 2009

Futures Sink to New Depths Following Bearish Storage Draw

Bulls hoping for a home run storage withdrawal for the week ended Jan. 9 were sorely disappointed Thursday morning as the Energy Information Administration (EIA) reported that only 94 Bcf was withdrawn despite chilly temperatures last week. February natural gas futures, which Wednesday broke below $5 for the first time since Sept. 2006, spiraled even lower following the 10:30 a.m. EST report’s release. The contract ended up closing at $4.843, down 12.7 cents from Wednesday’s finish.

January 16, 2009

Shell’s Eisbrenner Sees High Prices Dominating World LNG Market

U.S. liquefied natural gas (LNG) buyers who are disappointed at the dearth of spot cargoes available on the world market have but one consolation: If they could get a spot cargo, they probably couldn’t afford it.

May 26, 2008

Eisbrenner: U.S. ‘Will Need to Compete’ for Its LNG

U.S. liquefied natural gas (LNG) buyers who are disappointed at the dearth of spot cargoes available on the world market have but one consolation: If they could get a spot cargo, they probably couldn’t afford it.

May 22, 2008

Outlook for Alaska Pipeline Seen as Bleak

BP is “extremely disappointed with where we are at right now in Alaska,” Lee Lunde, senior vice president of BP Canada Energy, said Thursday, commenting on the progress of legislation proposed by the new Alaska governor to spur construction of a natural gas pipeline going south to the Lower 48.

May 11, 2007

EIA Optimistic 2007 Will Be Better Year for U.S. LNG Imports

Those who were expecting a flood of LNG imports into the United States last year were sorely disappointed, but the Energy Information Administration (EIA) is optimistic that there will be a “substantial” LNG rebound this year and sustained growth thereafter. Not everyone shares EIA’s views, however. Some experts say the market will have to wait until late in 2008 before a notable influx of LNG occurs.

January 15, 2007

EIA Optimistic 2007 Will Be Better Year for U.S. LNG Imports

Those who were expecting a flood of LNG imports into the United States last year were sorely disappointed, but the Energy Information Administration (EIA) is optimistic there will be a “substantial” LNG rebound this year and sustained growth thereafter. Not everyone shares EIA’s views, however. Some experts say the market will have to wait until late in 2008 before a noticeable influx of LNG occurs.

January 12, 2007

Petro-Canada Holds Firm on Canada Southern Offer

Citing the remote location of Canada Southern Petroleum’s gas resources in the Canadian Arctic Islands, Petro-Canada said Tuesday that it is “disappointed” that Canada Southern’s board has urged shareholders to reject Petro-Canada’s US$113 million offer on grounds that it undervalues its potential Arctic reserves.

August 8, 2006

Opening Eastern Gulf in Bush Administration’s Hands; Congress Shies Away from OCS

While proponents of expanded offshore drilling were disappointed that the Senate Energy and Natural Resources Committee did not take up the issue in its budget reconciliation package last Wednesday, Chairman Pete Domenici (R-NM) said he would continue to press President Bush to exercise his power to open up a portion of the gas-rich eastern Gulf of Mexico to production activity.

October 24, 2005