Shares of Corridor Resources Inc. took a pounding on Wednesday after the company announced it has so far been unsuccessful in finding a joint venture (JV) partner to help develop its prospect in the emerging Frederick Brook Shale.
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Futures Plunge Below $4 as Fundamentals Remain Weak
After pounding up against psychological support at $4 over the last few days, the September natural gas futures contract succeeded in breaking through in a big way on Wednesday with a low of $3.838 before closing the regular session at $3.871, down 16.8 cents from Tuesday’s finish.
$7 Support Holds Up Again as Futures Record Small Gain
With winter storms pounding a number of U.S. regions on Wednesday, natural gas futures in quiet trading recorded their first gain in seven sessions. The January contract traded in a $7.100 to $7.265 range before settling at $7.185, up three pennies from Tuesday’s close.
Dow Exec Says Chemical Industry Wants Solution to High Gas Prices
The U.S. natural gas market continues to be the “nation’s silent energy crisis,” but The Dow Chemical Co. has been “anything but silent…and is pounding the pavement” to seek solutions to dwindling domestic supply and increasing demand, John Dearborn, Dow’s vice president of energy, said last week.
Dow Exec Says Industry ‘Challenged’ by High Gas Prices
The U.S. natural gas market continues to be the “nation’s silent energy crisis,” but The Dow Chemical Co. has been “anything but silent…and is pounding the pavement” to seek solutions to dwindling domestic supply and increasing demand, John Dearborn, Dow’s vice president of energy, said Tuesday.
Energy Stocks Take Beating Over California Crisis
Energy stocks took a pounding yesterday mainly in reaction tocontinuing uncertainty over the financial health of California’stwo largest utilities, Southern California Edison and Pacific Gasand Electric, which got a weak short-term prescription by stateregulators (see related story this issue).