Ignoring a general lack of hot weather fundamentals, cash traders chose instead to concentrate on other factors in sending prices skyrocketing by 20-50 cents amid huge volatility Thursday. The key market stimulants were AGA’s report of a shockingly low 3 Bcf storage injection last week, which had been met by widespread skepticism; the screen’s corresponding spike Wednesday afternoon (although futures were softer Thursday morning); and the rapid development and speed of Tropical Storm Chantal in the Atlantic.
Ignoring
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General Post-Holiday Firmness Is Strongest in West
Essentially ignoring an expiration-day dive by the June futures contract, eastern points (except for moderately weaker Midwest citygates, Appalachian pipes and Trunkline in Louisiana) tended to range from barely lower to as much as about a nickel higher in late-May swing trading Tuesday. Most increases, though, were little above flat.
May 30, 2001
CNG Urges FERC to Dismiss ROFR Complaint
North American Energy Conservation Inc.’s (NAEC) complaintaccusing CNG Transmission Corp. of ignoring its claim to right offirst refusal (ROFR) for expiring capacity is a last-ditch effortto win the capacity back, the pipeline said.
September 13, 1999
CNG Urges FERC to Dismiss ROFR Complaint
North American Energy Conservation Inc.’s (NAEC) complaintaccusing CNG Transmission Corp. of ignoring its claim to right offirst refusal (ROFR) for expiring capacity is a last-ditch effortto win the capacity back, the pipeline said.
September 8, 1999
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