Winter 2008-2009 showed up in full force over the weekend as temperatures went into the negatives in a number of regions. The cold snap that is affecting much of the United States led to cash market gains almost across the board on Monday, with the exception of a few Northeast averages, which showed declines.
Negatives
Articles from Negatives
Black Hills Acquisition of Aquila Utilities on Track, CFO Says
Black Hills Corp. expects to close its purchase of Aquila utility assets in four states in the first quarter next year, and the company would reconsider buying its South Dakota-based neighbor NorthWestern Energy Corp. since that company’s merger with Australia’s Babcock & Brown (B&B) was thwarted by Montana regulators, Black Hills CFO Mark Thies said Friday.
Black Hills Acquisition of Aquila Utilities on Track, CFO Says
Black Hills Corp. expects to close its purchase of Aquila utility assets in four states in the first quarter next year, and the company would reconsider buying its South Dakota-based neighbor NorthWestern Energy Corp. since that company’s merger with Australia’s Babcock & Brown (B&B) was thwarted by Montana regulators, Black Hills CFO Mark Thies said Friday.
Analysts Weigh in On Anadarko’s Combo Buy
Analysts, many stunned by the news of Anadarko’s double play, saw the bounce in the energy markets from the news, but they also saw some negatives. In any case, energy analyst John Gerdes sees it as an expensive play. “The global takeaway here, with the 40% premium to the prices is that Anadarko is betting on $8 long-term gas prices. Otherwise, it’s absolutely the wrong mindset.”
Despite Weather Negatives, More Firming Expected Friday
Despite some flat points here and there, the overall cash market continued to rise Thursday with gains that were mostly in single digits but reached nearly 15 cents in a few cases. And although a couple of sources confessed to seeing the weekend market as a tough call, majority sentiment looks for further price firmness Friday in spite of cold front forecasts for the Midwest and Northeast.