The cash market is displaying one of its quirkier characteristics. After rising strongly at all but one point Monday in anticipation of significantly colder temperatures approaching later in the week to much of the nation’s midsection, prices fell at a large majority of locations Tuesday, even as the heating load-boosting conditions began to arrive.
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Cold Weather Firms Northeast in Generally Flat Market
With winter displaying a surprisingly tenacious grip on Canadian and northern U.S. weather into the weekend, the market proved to be firmer Friday than many had expected. Once again flatness was the dominant price theme as most points were about a nickel or less up or down from unchanged.
Edison CEO Worried About Utility’s Fate
Displaying an unusual amount of public candor last week, the parent company CEO of near-bankrupt Southern California Edison Co., Rosemead, CA, bared his corporate soul to a Los Angeles business leaders’ forum, admitting bankruptcy for the utility is a very real possibility unless there is an eleventh-hour reprieve granted by the state legislature.
CERI: Required Increases in Gas Spending Slow in Coming
Although Canadian producers have been displaying theirtraditional optimism with expectations of steady growth in gasdeliverability and production, a new survey of 40 producers by theCanadian Energy Research Institute (CERI) shows that their capitalspending plans tell a different story.
CERI: Required Increases in Gas Spending Slow in Coming
Although Canadian producers have been displaying theirtraditional optimism with expectations of steady growth in gasdeliverability and production, a new survey of 40 producers by theCanadian Energy Research Institute (CERI) shows that their capitalspending plans tell a different story.