Lackluster

Consol Focusing on Marcellus, Utica Shale Gas in 2013

Consol Energy Inc. announced Monday that it plans to spend most its capital expenditure (capex) budget in 2013 on natural gas production in the Marcellus and Utica shales, and will sell millions in other assets.

January 15, 2013

Hess Asks For Patience in Bakken

As part of lackluster first quarter results released Wednesday, Hess Corp. said it doesn’t expect to meet production targets in the Bakken Shale this year, but warned analysts to be patient with the company while it shifts its focus from international basins toward its three liquids rich shale plays in the United States.

April 26, 2012

Economic Downturn, Increased Production Cuts Utilities’ Gas Costs

Coming to grips with the new natural gas market landscape that features plenty of supply thanks to bountiful shale production and lackluster demand due to the current prolonged economic rut, some natural gas and electric utilities across the country are presenting their customers with early holiday gifts in the form of lower energy bills.

November 22, 2011

Another Big Build Expected, Yet November Crawls Higher

November natural gas gained in lackluster trading Wednesday as traders were surprised at the move given the big storage injection figure expected Thursday. At the close November was up 3.3 cents to $3.586 and December had added 2.5 cents to $3.813. November crude oil tumbled $2.23 to $86.11/bbl.

October 20, 2011

Analyst Sees Eventual Turnaround, Yet November Falls

November natural gas futures eased Monday in a lackluster session showing no interest in following through on Friday’s hefty 17.2-cent jump. At the close November had lost 1.5 cents to $3.688 and December had given up 5.7 cents to $3.903. November crude oil fell 42 cents to $86.38/bbl.

October 18, 2011

Money Managers Looking South; September Grinds Lower

September natural gas slipped lower Monday in lackluster trading as natural gas failed to hitch its wagon to surging equity and oil prices and managed funds align on the short side of the market. At the close September had fallen 3.6 cents to $4.024 and October had eased 3.2 cents to $4.039. September crude oil jumped $2.50 to $87.88/bbl. and the Dow Jones Industrial Average gained 214 points to 11,483.

August 16, 2011

Futures Rally on Cries That Spring Has Not Yet Sprung

Those who viewed the lackluster morning trade and forecasted a quiet lead into the weekend for natural gas futures were sorely mistaken as a fierce round of short-covering was sparked just before 2 p.m. EDT. April natural gas futures reached a high of $4.425 before closing out the regular session at $4.403, up 15.9 cents from Thursday’s close.

March 28, 2011

March Gains, Though Bears Beginning to Stir

March natural gas futures inched higher Friday in a day of lackluster trading. In spite of the market’s ability to hold above $3.80, analysts are sharpening their pencils and counting the next move lower as they see a lack of weather-driven demand eroding prices. At the end of the day March was higher by eight-tenths of a penny to $3.876 and April added five-tenths of a cent to $3.906. March crude oil eased 16 cents to $86.20/bbl.

February 22, 2011

March Grinds Lower; Analyst Sees Summer Price Weakness as Well

March natural gas futures continued Thursday’s descent Friday in lackluster trading as the contract could only carve out less than a 6-cent range. Traders noted continuing pressure on the front end of the board from 2012 contracts, and others cited the likelihood of moderate temperatures this summer. At the end of the day March futures fell 7.6 cents to $3.910 and April skidded 6.0 cents to $3.977. March crude oil dropped $1.15 to $85.58/bbl.

February 14, 2011

Traders Seeing Market Shift in Spreads; June Down 2.7 Cents

June natural gas futures eased slightly in an apparently lackluster trading session, but those watching the more deferred contracts swoon sensed a significant change in the market that may lead to lower prices.

May 17, 2010
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