The pummeling of oil and natural gas producer stocks, which began last week, continued Monday as the Dow Jones Industrial Average plunged 634 points on the first day of trading after Standard & Poor’s (S&P) late Friday downgraded the United States credit rating from “AAA” to “AA+.”
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Articles from Jones
Declining Futures Cement Monday’s Sub-$7 Move
Natural gas futures followed the Dow Jones Industrial Average lower for a second straight day Tuesday while crude recorded a rebound of sorts. November natural gas shaved another 6.7 cents to close at $6.768, further validating Monday’s penetration of long-holding support at $7.028.
October 8, 2008
Futures Rebound Along With Wall Street
One day after the Dow Jones Industrials recorded one of the largest single-day point losses ever, the feeling on Tuesday was that investors might have gotten a little bit carried away. Bargain hunters rushed to Wall Street and to commodity markets on Tuesday, resulting in significant climbs on the day.
October 1, 2008
TPC Founders Form New Company, Plan Western Storage
Larry Bickle, John Strom and Chris Jones, the three founders ofTPC Corp. (formerly Tejas Power Corp., which was sold to PacifiCorpin April of last year) haven’t lost sight of their goal ofdeveloping a large network of new high-deliverability storage hubs.But in contrast to TPC, Western Hub Properties LLC (WHP), their newcompany formed in April, plans to focus on the West rather thanbuilding projects in the eastern U.S.
September 3, 1998
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