Despite negative guidance from the prior-day screen, cash points for the most part Wednesday remained resilient with most spots picking up from a couple of pennies to just less than a dime.
Guidance
Articles from Guidance
Rally Shows Prices Still Riding a Roller-Coaster
Mild weather seems to matter little as market recently follows prior-day futures guidance.
Rally Shows Prices Still Riding a Roller-Coaster
Mild weather seems to matter little as market recently follows prior-day futures guidance.
Minor Softness Remains in Most of Market
Prices continued to sink at a large majority of points Tuesday, but mostly by small amounts, as overall weather fundamentals and prior-day futures guidance stayed weak for the cash market. The impending scarcity of storage injection options was another bearish influence.
Bearish Influences Force Drops at All Cash Points
Prices continued to fall at all points Friday as weather-based load remained meager, prior-day screen guidance was negative and concerns about near-term storage injection availability mounted. Only the PG&E citygate decline, which was affected by interior Northern California temperatures still forecast to approach 100 during the weekend, was by less than double digits.
Cash Down Fourth Consecutive Day as Futures Fall Below $3.50
Weak guidance from Tuesday’s screen kept almost all cash points headed lower on Wednesday despite indications that the 2009 Atlantic hurricane season might soon arrive.
Crude, Equities Drag Natural Gas Futures Lower; July Off 35.4 Cents
July natural gas futures fell hard and fell often in Wednesday trading that took much of its guidance from petroleum and equity market difficulties. Analysts are wary that additional data in the form of Thursday’s Energy Information Administration inventory report and Friday’s employment figures could further weaken natural gas prices.
Uncertainties Lessen, Future Clearer, Sempra CEO Says
With some key uncertainties now resolved in its utilities and commodities businesses, San Diego-based Sempra Energy is raising its confidence level and profit guidance for the rest of the year, CEO Donald Felsinger told financial analysts during an earnings conference call last Thursday. Still, regulatory, economic and contractual challenges lie ahead for interstate pipeline/storage plays and Sempra’s growing liquefied natural gas (LNG) terminal assets.
Uncertainties Cleared Up, Future Brighter, Sempra CEO Says
With some key uncertainties now resolved in its utilities and commodities businesses, San Diego-based Sempra Energy is raising its confidence level and profit guidance for the rest of the year, CEO Donald Felsinger told financial analysts during an earnings conference call Thursday.
Screen Dive Leads to Cash Market Softness
Although cooling load would remain about as strong for Thursday as it was Wednesday, highly negative guidance from the previous day’s 48.2-cent plunge by August futures caused a large majority of cash trading points to fall Wednesday.