Luster

Providing a microcosm of the regained luster in some energy utility stocks, California’s three major utilities are all ending 2003 at or near 52-week highs in their stock prices. That includes two of the nation’s largest utilities that have been in or near bankruptcy for the last two years following the 2000-2001 western energy crisis.

North American natural gas exploration and production (E&P) hasn’t lost its luster for many U.S.- and Canadian-based independents, but for the moment anyway, the exploitation prospects are running parallel or second to producing a strong balance sheet.

North American natural gas exploration and production (E&P) hasn’t lost its luster for many U.S.- and Canadian-based independents, but for the moment anyway, the exploitation prospects are running parallel or second to producing a strong balance sheet. At the RBC Capital Markets 2002 North American Energy Conference in Houston on Wednesday, producers painted in detail what’s ahead for drilling and production, but they also were as specific in explaining their companies’ credit and debt picture.

Electric deregulation has lost its luster for large retail energy consumers, according to a new survey by RKS Research & Consulting. With California’s energy catastrophe, Enron’s collapse, the weak economy and Sept. 11 weighing heavily on their minds last year, 402 key energy consumers in general lost interest in electric deregulation, North Salem, NY-based RKS said.

As the dot.com stocks begin to lose a “little bit of theirluster,” Wall Street investors quickly are setting their sights oncompanies that are involved in the production of fuel-celltechnology for the energy market, as well as the individualutilities that are “embracing” the new technology, a Wall Streetanalyst says.

As the dot.com stocks begin to lose a “little bit of theirluster,” Wall Street investors quickly are setting their sights oncompanies that are involved in the development of fuel-celltechnology for the energy market, as well as the individualutilities that are “embracing” the new technology.