November natural gas futures’ first regular session action as the front-month contract was to do almost nothing, according to one broker following Tuesday’s trading. While the contract traveled within a fairly large 37.7-cent range on the day, it ended up closing at $4.875, up 4.5 cents from Monday’s finish.
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National Mobilization, Global Leadership Urged for Obama Energy Plan
Looking at the Obama administration’s second 100 days, nothing short of a national mobilization effort combined with global assertiveness will be needed if the vision of addressing global energy, environmental, security and leadership challenges is to become a reality, according to a white paper released Monday by Deloitte.
Shale is Too Much of A Good Thing for Prices
For gas producers, nothing fails like success, it would seem, as prices continue to founder on the strength of robust production out of unconventional plays. With normal weather, the industry will face record inventories at the end of next October, warned Barclays Capital analysts in a note last Wednesday.
Wish Prices Were Higher? Blame It on the Shale
For gas producers, nothing fails like success, it would seem, as prices continue to founder on the strength of robust production out of unconventional plays. With normal weather, the industry will face record inventories at the end of next October, warned Barclays Capital analysts in a Wednesday note.
Heat, Screen Support Fail to Boost Cash Prices
The breaking of a five-day losing streak by August futures Monday did essentially nothing to boost the cash market Tuesday. Four flat to about a dime higher points were the sole exceptions to overall softness. Quotes fell at most points despite forecasts of peak temperatures in the upper 80s or higher in much of the U.S. Wednesday.
CEO: El Paso ‘Undervalued,’ Structural Changes Possible
El Paso Corp.’s annual financial analyst meeting last week did nothing to quell talk that the company may restructure and split its bread-and-butter natural gas pipeline business from the exploration and production (E&P) unit to increase shareholder value. In fact, the CEO indicated it is a distinct possibility.
CEO: El Paso ‘Undervalued,’ Structural Changes Possible
El Paso Corp.’s annual financial analyst meeting Wednesday did nothing to quell talk that the company may restructure its business to split its bread-and-butter natural gas pipeline business from the exploration and production (E&P) unit to increase shareholder value. In fact, the CEO indicated it is a distinct possibility.
Puget Sound Energy Files with State to Go Private
After its board vetted potential counter offers from other sources and found nothing better, Puget Sound Energy (PSE) Dec. 17 filed for approval of its $7.4 billion merger with a private equity consortium with the Washington Utilities and Transportation Commission. The merger with North American infrastructure investors led by a New York City unit of Australian-based Macquarie Infrastructure Partners (MIP) was announced Oct. 26.
Puget Sound Energy Files with State to Go Private
After its board vetted potential counter offers from other sources and found nothing better, Puget Sound Energy (PSE) Monday filed for approval of its $7.4 billion merger with a private equity consortium with the Washington Utilities and Transportation Commission. The merger with North American infrastructure investors led by a New York City unit of Australian-based Macquarie Infrastructure Partners (MIP) was announced Oct. 26.
Oil Patch Exporters Shiver as Loonie Soars Above U.S. Dollar
On an international natural gas market turned upside down by the fall of the American dollar, Canadians are calling US$100/bbl oil nothing to get excited about except as potentially bad news.