The power industry will undergo a “very significant” restructuring “that will yield enormous growth opportunities for us as a company,” Mark Jacobs, CFO at Reliant Energy, told an audience of financial professionals last Tuesday at the Banc of America Energy and Power Conference. “I think those growth opportunities may come more quickly than we’re all expecting,” Jacobs said.
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After Strong Rally, Some Expect Pullback to $2.50s or Lower
The gas futures market had one of its more amazing weeks with an enormous upswing that shot April futures from a low of $2.290 the week prior, all the way up to last week’s high on Thursday of $2.820. On Friday, April prices inched up 4 cents to close out the week at an even $2.800/MMBtu. Despite the strong rally, however, some observers see overbought conditions leading to a pullback; it’s just a question of how much and for how long.
Gas a ‘Real Success,’ Needs Minor Adjustments
Just so you’ll know: “The natural gas market is a real successstory…..FERC has gotten an enormous amount of things right. Themarket may not be unblemished, but there are lots who consider thenatural gas market the best market in the world offering genuineprice discovery on a daily basis across dozens of products. It’ssomething everyone should be proud of,” Robert Levin of the NewYork Mercantile Exchange told a FERC conference last week.
Olympian Status for U.S. Gas Market
Just so you’ll know: “The natural gas market is a real successstory. …FERC has gotten an enormous amount of things right. Themarket may not be unblemished, but there are lots who consider thenatural gas market the best market in the world offering genuineprice discovery on a daily basis across dozens of products. It’ssomething everyone should be proud of,” Robert Levin of the NewYork Mercantile Exchange told a FERC conference yesterday.
Futures Slip Lower Amid Enormous Price Range
Following a spectacular, 24-cent price spike Thursday, thenatural gas futures market cooled its heels Friday as traders tookprofits rather than spend the weekend long. That allowed theOctober contract to sift a nickel lower to $2.801 in an active114,602-volume session.