Hot weather from the mid 80s to around 110 was expected to dominate the next-day forecast, but that failed to sway cash traders, who paid more attention to continuing futures weakness in sending prices lower at virtually all points Tuesday.
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Bastardi: Summer’s Storms Could Indicate Wintry Cold
Severe cold will hit Alaska and portions of Canada during winter 2010-11, and the worst of the season’s cold and snow will dominate the Pacific Northwest, northern Plains and western Great Lakes areas, but the U.S. East Coast will be granted a reprieve from the heavy snowfall it experienced last winter, according to AccuWeather.com Chief Long Range Forecaster Joe Bastardi.
Gas Seen as Big Winner — At Coal’s Expense
Natural gas and noncarbon fuels will dominate any increase in demand for generating fuels over the next 20 years, according to Mary Novak, managing director of IHS Global Insight managing director, North American energy services.
Gas Seen as Big Winner — At Coal’s Expense
Natural gas and noncarbon fuels will dominate any increase in demand for generating fuels over the next 20 years, according to Mary Novak, managing director of IHS Global Insight managing director, North American energy services.
Gas Seen as Big Winner — At Coal’s Expense
Natural gas and noncarbon fuels will dominate any increase in demand for generating fuels over the next 20 years, according to Mary Novak, managing director of IHS Global Insight managing director, North American energy services.
Most Points Fall Again as Mild Weather Remains
Much like the day before, a few flat to higher points were able to avoid the softness that continued to dominate the cash market Tuesday. An expiration-day drop of 3 cents by April futures was just another bearish factor in which gas is finding substantive heating demand scarce.
Goldman Sachs: Regional Benefits Warranted for Onshore E&Ps
Natural gas prices may be “rangebound” into 2011, but Goldman Sachs energy analysts expect exploration and production (E&P) companies that dominate the lower-cost North American resource plays to become “regional beneficiaries” versus integrated oils and private producers. The benefits derived from drilling specific plays warrant “premium multiples versus historical averages,” said the team.
Most Points Fall Again as Mild Weather Remains
Much like the day before, a few flat to higher points were able to avoid the softness that continued to dominate the cash market Tuesday. An expiration-day drop of 3 cents by April futures was just another bearish factor in which gas is finding substantive heating demand scarce.
Goldman Sachs: Regional Benefits Warranted for Onshore E&Ps
Natural gas prices may be “rangebound” into 2011, but Goldman Sachs energy analysts expect exploration and production (E&P) companies that dominate the lower-cost North American resource plays to become “regional beneficiaries” versus integrated oils and private producers. The benefits derived from drilling specific plays warrant “premium multiples versus historical averages,” said the team.
Flat to Mildly Higher Quotes Still in the Majority
Flat to barely higher numbers continued to dominate the cash market Wednesday as sub-freezing lows accompanied by snow in some cases were in the next-day forecasts for the Midwest, Northeast, the eastern half of the South, the Rockies and most of Canada. Gains ranged as high as a little more than a dime in Transco’s Zone 6-New York pool but were in single digits in nearly all instances.