Tuesday’s uptick in near-month natural gas futures was exposed as mere short-covering on Wednesday as the May contract returned to the recent trend of plumbing the downside. The front-month contract reached a low of $3.860 before closing out the regular session at $3.869, down 10.4 cents from Tuesday’s finish.
Exposed
Articles from Exposed
Futures Fall Ahead of Fresh Storage Data
Tuesday’s uptick in near-month natural gas futures was exposed as mere short-covering on Wednesday as the May contract returned to the recent trend of plumbing the downside. The front-month contract reached a low of $3.860 before closing out the regular session at $3.869, down 10.4 cents from Tuesday’s finish.
Deutsche Bank Offers Sober Assessment of Gas Markets through 2009
The dramatic tightening of money and credit markets, combined with plunging equity markets over the last few weeks, have exposed natural gas, oil and other commodities to “major downside risks,” a Deutsche Bank analyst said Friday.
Deutsche Bank Offers Sober Assessment of Gas Markets through 2009
The dramatic tightening of money and credit markets, combined with plunging equity markets over the last few weeks, have exposed natural gas, oil and other commodities to “major downside risks,” a Deutsche Bank analyst said Friday.
S&P Sees Improvement but Wants More Detail on Merchant Activities
Almost two years after Enron Corp. imploded and exposed the flaws in the rest of the energy merchant sector, a Standard & Poor’s (S&P) analyst suggests in a new report that diversified energy companies with marketing and trading activities still don’t provide enough information for investors to discern all of the credit risks or the potential earnings.
No One is Safe from Enron Exposure
As the Enron debacle continues to unfold, energy companies, financial institutions and insurance firms are realizing exactly how exposed their respective companies actually are. Since the Dynegy/Enron Corp. merger was called off, companies have been eager to distance themselves, as well as confess to investors their exposure levels to the teetering giant.
No One Safe from Enron Exposure
As the Enron debacle continues to unfold, energy companies, financial institutions and insurance firms are realizing exactly how exposed their respective companies actually are. Since the Dynegy-Enron Corp. merger was called off early last week, companies have been eager to distance themselves, as well as confess to investors their exposure levels related to the teetering giant.