As anticipated, Monday’s near-quarter fall in natural gas futures was felt in Tuesday’s cash market, where declines ranged from as little as 3 cents to about 20 cents at most points but were as high as around half a dollar or more at a few Rockies/Pacific Northwest points. Many of the smallest drops of less than a dime were clustered in the Northeast, and Algonquin citygates were essentially flat.
Felt
Articles from Felt
Impact of Oil Futures Spikes Felt in Gas Markets
Prices surprised more than a few traders Friday by staging a moderate rally in the face of weakening weather fundamentals and the industrial demand slump that accompanies a weekend period. A few scattered points were essentially flat, while increases ranged from as little as 2-3 cents to about a dime.
August 4, 2003
Bulls Continue to Run at Nymex Amid Supportive Fundamentals, Unrelenting Technicals
Despite overbought conditions and a market that many felt could go no higher, natural gas futures defied gravity yet again Monday, as bulls rebounded strongly from a lackluster morning sell-off. With that the September contract achieved a new three-and-a-half-month high, gaining 13 cents to close at $3.617. Estimated volume was light to moderate at 93,696.
August 27, 2002
Futures Check Higher as Warburg’s Presence Felt for First Time
With one eye transfixed on this week’s expiration of March options and futures, natural gas traders played it cool Friday as they lifted the market off its early lows to post the week’s fourth straight session described by a higher high and higher low on the daily chart. The March contract closed at $2.449, up 2.4 cents for the session and 24.3 cents for the week. As it had been all week, volume in the gas pit at Nymex was heavy Friday, with an estimated 96,779 contracts changing hands.
February 25, 2002
Kinder Morgan Doubles Third Quarter Earnings
Kinder Morgan, Inc. may not be recession-proof, but its fee-based portfolio of midstream assets clearly felt no ill effects during the third quarter, according to CEO Richard Kinder. The company produced a 109% increase in third quarter net income to $58.2 million, or $0.48 per diluted common share, exceeding Wall Street consensus estimates by 2 cents/share. The results compared to $26.7 million, or $0.23 per diluted common share, in the third quarter of 2000.
October 22, 2001
Kinder Morgan Doubles Third Quarter Earnings
Kinder Morgan, Inc. may not be recession-proof, but its fee-based portfolio of midstream assets clearly felt no ill effects during the third quarter, according to CEO Richard Kinder. The company produced a 109% increase in third quarter net income to $58.2 million, or $0.48 per diluted common share, exceeding Wall Street consensus estimates by 2 cents/share. The results compared to $26.7 million, or $0.23 per diluted common share, in the third quarter of 2000.
October 18, 2001
House Starts Debate on Energy Security Bill
Warning that “the impacts of the current energy crisis are just now beginning to be felt in places all across the country,” House Resources Committee Chairman James V. Hansen, R-UT, opened hearings last Wednesday on energy legislation (H.R. 2436) that centers on tapping between five and ten billion barrels of oil from the Arctic Natural Wildlife Refuge (ANWR).
July 16, 2001
Deregulation Still Hitting AGL Hard
The effects of deregulation are still being felt by AGLResources, the parent of the now-totally unbundled Atlanta GasLight, as 151 employees, or 7% of the workforce, has been cut sinceAugust, the company said recently. No more layoffs are expected,although the company did say it is always looking for ways toimprove efficiency.
December 7, 1999
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