Citing the apparent trading irregularities of Amaranth Advisors LLC and large positions taken by the United States Natural Gas Fund LP (UNG) as evidence of the need for aggressive action, the Commodity Futures Trading Commission (CFTC) last Thursday voted out a notice of proposed rulemaking (NOPR) that would set limits on speculative trading of exchange-traded futures and options contracts in major energy markets.
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Sempra Selling Energy Trading JV Interest
With the prospect of walking away with more than $2 billion, Sempra Energy now plans to sell its remaining interest in its joint venture (JV) energy trading business with the Royal Bank of Scotland (RBS), CEO Donald Felsinger said Thursday.
Sempra Selling Energy Trading JV Interest
With the prospect of walking away with more than $2 billion, Sempra Energy now plans to sell its remaining interest in its joint venture (JV) energy trading business with the Royal Bank of Scotland (RBS), CEO Donald Felsinger said Thursday.
CFTC Proposes Limits on Energy Futures Markets Speculation
Citing the apparent trading irregularities of Amaranth Advisors LLC and large positions taken by the United States Natural Gas Fund LP (UNG) as evidence of the need for action, the Commodity Futures Trading Commission (CFTC) Thursday voted out a notice of proposed rulemaking (NOPR) that would set limits on speculative trading of exchange-traded futures and options contracts in major energy markets.
Petrohawk to Sell $1B of Assets to Fund Shale Program
Petrohawk Energy Corp. expects to sell “at least $1 billion” in assets in 2010 to help fund its onshore natural gas prospects, which include the Haynesville and Eagle Ford shale, CEO Floyd C. Wilson said Thursday.
Amaranth Seeks to Settle Natural Gas Manipulation Charges
Collapsed hedge fund Amaranth Advisors LLC, seven affiliates and former trader Matthew Donohoe Thursday submitted a joint offer of settlement to FERC to resolve all claims that they manipulated the market to influence natural gas futures prices.
Amaranth Seeks to Settle Natural Gas Manipulation Charges
Collapsed hedge fund Amaranth Advisors LLC, seven affiliates and former trader Matthew Donohoe last Thursday submitted a joint offer of settlement to FERC to resolve all claims that they manipulated the market to influence natural gas futures prices.
SandRidge Eyes More Pinon Field Exploration
SandRidge Energy Inc.’s CEO said last week the company will use $258 million fetched from two transactions to strengthen its balance sheet and to fund more natural gas exploration in its prized Pinon Field in the West Texas Overthrust.
SandRidge to Fund More Pinon Field Exploration
SandRidge Energy Inc.’s CEO said Wednesday the company will use $258 million in proceeds from two transactions to strengthen its balance sheet and to fund more natural gas exploration in its prized Pinon Field in the West Texas Overthrust.
Correction
In the June 23 article titled “UNG Seeks Removal of Trading Limits” it was incorrectly stated that the United States Natural Gas Fund (UNG) at the close of business Monday held a total of 229,890 August futures contracts on IntercontinentalExchange (ICE) and 97,746 August swaps contracts. The 229,890 contracts on ICE are swaps, not futures, and the 97,746 swaps contracts are New York Mercantile Exchange swaps. NGI regrets the errors.