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ChevronTexaco Corp.’s stock restructuring deal with Dynegy Inc. may help it realize a gain in its third quarter income, and also help it book an increase in the value of its Dynegy securities in its second quarter report, the company said after the Dynegy announcement last week (see related story).

Swing prices exploded Monday in hyper-volatile trading featuring across-the-board multi-dollar gains, with Northeast quotes soaring to peaks of more than $30 in some cases and most Gulf Coast/Midcontinent/Midwest numbers averaging between $10 and $20. The spikes weren’t quite as spectacular in the West, but still impressive as the Rockies market soared to $6-8, Malin peaked at more than $10 and El Paso-Permian was quoted as high as $15.95.

Major gas and power generators and marketers showed third quarter earnings off more than half from year-ago results, while natural gas distributors registered a smaller seasonal loss for the quarter and earnings for electric utilities were about even with last year, according to Energy Performance Review (EPR).

Despite the release of a storage report featuring a larger-than-expected 48 Bcf injection, natural gas futures spiked to new 16-month highs Thursday morning amid a frenzy of buying from all market segments — funds, locals and commercials. Modest profit-taking trimmed gains in the afternoon, but the was unable to erase bulls’ work. At $4.299, November finished 7.2 cents higher for the session.

Houston-based Coral Energy launched coralconnect.com, ane-business Web site featuring e-commerce transactions, customizedcommodity price information, proprietary energy market analysis andother customer services.

Houston-based Coral Energy launched coralconnect.com, ane-business Web site featuring e-commerce transactions, customizedcommodity price information, proprietary energy market analysis andother customer services.

Following a frenetic week of April trading featuring near20-cent price swings and unusually high volume in both futures andcash markets, Monday’s market exhibited a calmness that remindedtraders April is a shoulder month. But, regardless of the smalllosses and lack of excitement generated yesterday, prices are stillat their highest levels since the December bidweek and as much as80 cents above year ago levels.