Participants

LNG Exec Says Industry Needs to Stress Safety Record

The liquefied natural gas (LNG) industry is still “booming” compared to previous years, but participants need to clearly explain to the public how safe LNG actually is, the secretary general of the Society of International Gas Tankers and Terminal Operators said Thursday.

April 30, 2007

U.K.-Based ICE Futures Contracts Receive U.S.-Style Tax Treatment

IntercontinentalExchange (ICE) received a ruling from the U.S. Internal Revenue Service (IRS) designating ICE Futures as a “qualified board or exchange,” which provides U.S. participants in ICE Futures markets with “60/40 tax treatment.”

March 30, 2007

Holiday-Impacted Trading Session Sees Little Activity; Futures Close Pennies Higher

Natural gas futures trading on the New York Mercantile Exchange was scant Monday as a number of market participants took the day off to observe the Jewish Holiday Yom Kippur. While trading within a slim 13-cent range, November natural gas put in a high of $5.730 before settling at $5.643, up 2.3 cents on the day.

October 3, 2006

LNG to Launch British (Price) Invasion?

Gas market participants who have groused that hedge funds and speculators have toyed with their purse strings will have a new (and more real) bogey man in the years to come as liquefied natural gas (LNG) captures an increasing share of the North American gas market and the United States becomes more exposed to overseas pricing dynamics..

May 25, 2006

Lehman: Market ‘Severely Out of Balance,’ Expect $5-8 Gas in Near Term

The natural gas market “is severely out of balance,” and participants can expect to see prices during injection season near “the top end of a $5.00-8.00/MMBtu range,” according to Lehman Brothers equity research.

February 27, 2006

Lehman Sees $5-8 Prices for ‘Severely Out of Balance’ Market

The natural gas market “is severely out of balance,” and participants can expect to see prices during injection season near “the top end of a $5.00-8.00/MMBtu range,” according to Lehman Brothers equity research.

February 23, 2006

Broker: Fund Positions Indicate Upside Futures Trend Hasn’t Ended

Urging market participants to move beyond the traditional risk management tools when trading natural gas futures, Tom Saal, of Commercial Brokerage Corp., said Wednesday that it is important to develop new techniques for identifying price trends and market timing. One pretty good way of identifying a “buy” signal recently has been simply observing how short the funds, or noncommercial traders, are.

June 23, 2005

S&P Study Finds Energy Firms Lack Infrastructure, Understanding of Liquidity Risk

Two to three years after the crash of the wholesale energy marketers the results of a new Standard & Poor’s survey of today’s market participants are “troubling,” to the ratings agency, which found that not all had learned the lesson of sound risk management practices regarding liquidity. Some also harbor the mistaken belief that it can’t happen again.

May 16, 2005

S&P Study Finds Energy Firms Lack Infrastructure, Understanding of Liquidity Risk

Two to three years after the crash of the wholesale energy marketers the results of a new Standard & Poor’s survey of today’s market participants are “troubling,” to the ratings agency, which found that not all had learned the lesson of sound risk management practices regarding liquidity. Some also harbor the mistaken belief that it can’t happen again.

May 13, 2005

Noncommercials Not to Blame for Natural Gas Price Spikes, Broker Says

While a number of market participants believe that noncommercial traders are responsible for natural gas futures price spikes and the high level of volatility swirling throughout the market, Tom Saal, a broker with Commercial Brokerage Corp. in Miami, believes the allegations are false.

March 21, 2005