Expecting

Surprising most of the industry, which was expecting at least one more withdrawal, the Energy Information Administration (EIA) reported Thursday morning that 10 Bcf was injected into underground natural gas storage for the week ended April 1. After an eventful day that saw two distinct plunges lower, May natural gas futures settled at $7.366, down 19.2 cents from Wednesday.

Expecting it to be the complete opposite of current weather conditions, WSI Corp. said last week that the February-April period should bring cooler-than-normal temperatures generally south and east of a line from Phoenix to Dallas to Raleigh, NC, with warmer-than-normal temperatures to be the rule elsewhere, especially in the northern tier of states.

Expecting it to be the complete opposite of current weather conditions, WSI Corp. said Monday that the February-April period should bring cooler-than-normal temperatures generally south and east of a line from Phoenix to Dallas to Raleigh, NC, with warmer-than-normal temperatures to be the rule elsewhere, especially in the northern tier of states.

Andover, MA-based WSI Corp. is expecting a big weather change to take place in the East compared to the winter heating season to date. The company said in its latest forecast that it expects the January through March period to average cooler-than-normal in the eastern part of the country and warmer-than-normal in the West.

Andover, MA-based WSI Corp. is expecting a big weather change to take place in the East compared to the winter heating season to date. The company said in its latest forecast that it expects the January through March period to average cooler-than-normal in the eastern part of the country and warmer-than-normal in the West.

While coming in at more than what most of the industry was expecting, the 88 Bcf natural gas storage withdrawal for the week ended Dec. 3 still paled in comparison to the five-year average draw of 101 Bcf and last year’s 111 Bcf pull. However, the market seemed to put a lot more weight into what was expected, rather than into historical comparisons.

While coming in at more than what most of the industry was expecting, the 88 Bcf natural gas storage withdrawal for the week ended Dec. 3 still paled in comparison to the five-year average draw of 101 Bcf and last year’s 111 Bcf pull. However, the market seemed to put a lot more weight into what was expected, rather than into historical comparisons.

Kinder Morgan Inc. said Wednesday it is expecting 12% earnings per share growth next year before including any potential benefits from acquisitions it plans to make. The company announced earnings expectations of $4.20/share in 2005 compared to 2004 consensus earnings estimates of $3.75.

Kinder Morgan Inc. said Wednesday it is expecting 12% earnings per share growth next year before including any potential benefits from acquisitions it plans to make. The company announced earnings expectations of $4.20/share in 2005 compared to 2004 consensus earnings estimates of $3.75.