Flat to slightly lower quotes were sprinkled here and there, but most of the cash market was in rebound mode Monday. The return of industrial load and Friday’s screen uptick of 4.1 cents provided much of the support, as weather fundamentals waxed and waned in different areas.
Mixes
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A Smidgen of Flatness Mixes With Overall Losses
A few flat points, mostly in the Gulf Coast, were conspicuous amid an overall softer market Thursday. Weak weather fundamentals in most areas and the associated lack of electric utility load were responsible for declines ranging from a little under a nickel to a little more than 20 cents, sources said.
Sempra Energy Quietly Mixes Mineral Rights with Higher Profile Operations
Although it does not say much about its oil-related operations externally, some crude oil profit-taking is ongoing within the expanding San Diego-based Sempra Energy holdings, known mostly for having the largest retail utility customer base in the nation. In reports to internal audiences in recent months, Sempra has talked up its oil/gas mineral rights covering 5.2 million acres across 31 states, and most recently a 21-year record oil trading volume (Jan. 7) that its trading unit helped the International Petroleum Exchange (IPE) achieve.
Sempra Energy Quietly Mixes Mineral Rights with Higher Profile Operations
Although it does not say much about its oil-related operations externally, some crude oil profit-taking is ongoing within the expanding San Diego-based Sempra Energy holdings, known mostly for having the largest retail utility customer base in the nation. In reports to internal audiences in recent months, Sempra has talked up its oil/gas mineral rights covering 5.2 million acres across 31 states, and most recently a 21-year record oil trading volume (Jan. 7) that its trading unit helped the International Petroleum Exchange (IPE) achieve.