There was little consistency in price movement Tuesday. Most of the market was close to flat, but also saw gains as big as about 30 cents and losses as big as about 15 cents. Then there was the special case of the Northeast, where a couple of points recorded dollar-plus increases while others took the biggest falls of up to nearly 60 cents.
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Articles from Forecast
Futures Continue Slide on Weather Forecast Doubts
With no signs yet of an expected cold front on the East Coast and fairly bearish weekly storage predictions, February natural gas futures on Wednesday had no choice but to decline for a second straight regular session.
January 13, 2005
Futures Trickle Lower as Non-Commercial Selling Trumps Weather Forecast-Related Buying
Perhaps admitting to a little bit of overzealousness during Monday’s 16-cent rally, natural gas futures traders in overnight Access trading and then again on Tuesday pushed the February contract lower. With non-commercial traders continuing to hold a sizeable net-short position and some market watchers believing that the four-month-long downtrend is still intact, the question now becomes how much longer can the trend continue before it shows signs of cracking.
January 12, 2005
Transportation Notes
CenterPoint implemented an Operational Alert Wednesday, saying that based on the weather forecast for its service area and in order for it to maximize storage deliverability for Rate Schedules FT and NNTS customers, CenterPoint will not schedule interruptible receipts from the West 1 and West 2 Pooling Areas, and will only schedule secondary receipts from those pooling areas to the extent that they alleviate capacity constraints or are consistent with firm entitlements. See the bulletin board for other details of the alert.
December 23, 2004
Nexen Ups ’05 Capital Budget, but Production Forecast is Down
Calgary-based Nexen will invest C$2.6 billion — an increase of more than C$700 million — in capital projects next year, the CEO said Friday. However, oil and natural gas production from the core assets next year is expected to range between 230,000-250,000 boe/d, before royalties, and between 170,000-185,000 boe/d after royalties — about 8% lower than this year.
December 20, 2004
EnCana Considers Production Forecast Cuts to Ensure Long-Term Growth
EnCana Corp., North America’s largest independent, may cut its 10% targeted annual growth rate after next year to ensure that the company’s long-term growth is not threatened by rising oil field service costs, the CEO said Tuesday.
November 22, 2004
EnCana Considers Production Forecast Cuts to Ensure Long-Term Growth
EnCana Corp., North America’s largest independent, may cut its 10% targeted annual growth rate after next year to ensure that the company’s long-term growth is not threatened by rising oil field service costs, the CEO said Tuesday.
November 17, 2004
EnCana Considers Production Forecast Cuts to Ensure Long-Term Growth
EnCana Corp., North America’s largest independent, may cut its 10% targeted annual growth rate after next year to ensure that the company’s long-term growth is not threatened by rising oil field service costs, the CEO said Tuesday.
November 17, 2004
AGL Raises 2005 Forecast with NUI Acquisition
Atlanta-based AGL Resources Inc. on Friday said that its acquisition of NUI Corp. will increase 2005 earnings to a range of $2.10-2.30/share, ahead of this year’s expected earnings of $2.10-2.17. Analysts on average are expecting AGL to earn $2.23/share next year.
November 15, 2004
AGL Raises 2005 Forecast with NUI Acquisition
Atlanta-based AGL Resources Inc. on Friday said that its acquisition of NUI Corp. will increase 2005 earnings to a range of $2.10-2.30/share, ahead of this year’s expected earnings of $2.10-2.17. Analysts on average are expecting AGL to earn $2.23/share next year.
November 15, 2004
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