The market paused to figuratively catch its breath with a mixed price performance Thursday following three days of climbing quotes in which the gains tended to get substantially larger each day. Various points ranged from almost 30 cents lower to a little more than 30 cents higher.
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Former Enron Executive Dead in Apparent Suicide; Lay Resigns
Enron Corp. is in shreds, literally and figuratively, with a week marked by dramatic accusations, the founder quietly resigning, and a former vice chairman tragically dying from an apparent self-inflicted gunshot wound. As Congress began its intense investigations of the company and its auditor, Arthur Andersen, there only was one tiny bit of good news for the company and its supporters. The U.S. Bankruptcy Court in New York approved a deal for UBS Warburg to pick up its quickly fading wholesale energy trading unit.
January 28, 2002
Sumas Figuratively Explodes to $20-Plus Pricing
Sumas was making waves in the gas market earlier in the week bybeing the first point to exceed $3 pricing in this winter season.But it was tsunami time Friday as the $3 level was left way behind.How does paying $25/Mcf for Canadian supplies grab you?
December 21, 1998
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