futures

Price Forecasts Still Going Up, But for How Long?

In light of last Thursday’s 47-cent downward futures correctionand new winter forecasts by the National Weather Service,PaineWebber may have jumped the gun a bit in raising its Henry Hubprice projections late last week by about 15 cents for this yearand next to $3.90 and $3.95, respectively. But the investment firmalready was playing catch-up to Salomon Smith Barney (SSB) and therest of the bullish bunch on Wall Street.

November 20, 2000

Price Forecasts Still Going Up, But for How Long?

In light of yesterday’s 47-cent downward futures correction,PaineWebber may have jumped the gun a bit in raising its Henry Hubprice projections yesterday by about 15 cents for this year andnext to $3.90 and $3.95, respectively. But the investment firmalready is playing catch-up to Salomon Smith Barney (SSB) and therest of the bullish bunch on Wall Street.

November 17, 2000

Following 60-Cent Rally, Traders Cautious of Sell-Off

With little in the way of fresh news on either the fundamentalor technical front, natural gas futures were left to limp lazilysideways Friday within a fairly tight 14.5-cent range. At theclosing bell, the December contract finished right about in themiddle, narrowly eking out at 1.1-cent gain to finish at $5.456.Activity was light as some traders observed the Veteran’s Dayholiday.

November 13, 2000

Ghost Storage Report Gives Bulls Halloween Week Treat

Natural gas futures finished the week on a strong note Friday astraders reacted to an unconfirmed (and later retracted) news reportthat the American Gas Association (AGA) had overestimated theamount of working gas in underground storage facilities. Aftergapping higher on the open, the December contract shuffled higherthroughout much of the session, closing 17.1 cents higher at$4.931.

November 6, 2000

Nov. Wilts into Expiration; Bulls Hold Hope for Dec.

After gapping lower on the opening bell, natural gas futuressifted lower Friday as traders continued the sell-off that begantwo and a half weeks ago. With Friday’s $4.541 settlement, theNovember contract concluded its tenure as prompt month on adecidedly negative note, down 12.3 cents on the day and $1.24 offits Oct. 12 high-water mark.

October 30, 2000

Bulls vs. Bears: Call it a Tie Thursday

With little in the way of fresh fundamental news, natural gasfutures traded mostly sideways yesterday as traders rested after atumultuous 10 days of trading activity. A modest gain in the promptmonth was more than offset by losses in each of the out months.November finished up 0.5 cents at $4.664 while the 12-month stripclosed 1.6 cents lower at $4.313.

October 27, 2000

Rockies/San Juan Upticks Stand Out in Flat Market

Lacking little new input from weather or futures, the cashmarket decided to take it easy for the most part Tuesday. Flat toslightly higher pricing dominated in most areas, with most of thelarger gains of about a dime or more occurring at Rockies/San Juanpoints.

October 4, 2000

Analyst: Deliverability Turn-Around is Slow in Coming

Despite the huge post expiration-day futures correction lastThursday, prices rebounded some Friday and for good reason,according to Salomon Smith Barney energy analyst Robert Morris.

October 2, 2000

Analyst: Deliverability Turn-Around is Slow in Coming

Despite the large post expiration-day futures correctiondownward last Thursday, prices rebounded some Friday and for goodreason, according to Salomon Smith Barney energy analyst RobertMorris.

October 2, 2000

Cool Weather Has East Softer While West Rebounds

Despite good support from gas futures, eastern cash prices weredropping by a nickel or so Monday as comfortable fall-like weatherprevailed almost everywhere and Hurricane Isaac remained extremelyremote from the Gulf of Mexico.

September 26, 2000