Myriad

As the myriad of regulatory issues continues to be resolved, a Standard & Poor’s (S&P) natural gas analyst predicted Wednesday increasingly positive interest from creditors and investors toward energy merchants.

Short-covering was once again the name of the game at Nymex Tuesday as local and commercial traders lifted natural gas futures prices off early session lows and propelled the January contract to its fourth-straight positive close. Traders agreed yesterday’s advance was set in motion by new forecasts that suggest the record-setting warm temperatures across much of the country will soon be coming to an end. By virtue of its 5.6-cent gain and $2.803 settlement, the prompt contract has rallied more than 30 cents off last Wednesday’s $2.491 close.

Arctic Resources Co., the upstart that only last year entered the myriad of pipeline proposals to move northern gas into the Lower 48, moved a few steps closer to fulfilling its dream of building a pipeline from Alaska’s Prudhoe Bay to Edmonton last week by earning the endorsement of key Canadian aboriginal leaders.

Arctic Resources Co., the upstart that only last year entered the myriad of pipeline proposals to move northern gas into the Lower 48, moved a few steps closer to fulfilling its dream of building a pipeline from Alaska’s Prudhoe Bay to Edmonton, AB, last week by earning the endorsement of key Canadian aboriginal leaders.

Electricity buyers with multiple facilities are eager toconsolidate power buying activities from myriad suppliers to just ahandful when competition comes, according to a recent survey.