Energy infrastructure giant Williams’ first quarter profits were pummeled on sharply lower natural gas liquids (NGL) margins and related ethane rejection at its pipeline partnership.
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Chesapeake Regains Footing with Credit Line for Midstream Partnership
Following a roller coaster ride in which Chesapeake Energy Corp. saw its share price pummeled, the independent finally caught a break last week after it landed a fresh line of credit for a new midstream spin-off and after the market responded positively to rumors that BP plc, already a joint partner, may be eyeing some of Chesapeake’s natural gas assets.
Chesapeake Up on New Credit Line for Midstream Partnership, BP Rumors
Chesapeake Energy Corp., whose stock price has been pummeled in the last couple of months, caught a break on Thursday after it landed a fresh line of credit for a new midstream spin-off and after the market responded positively to rumors that BP plc, already a joint partner, may be eyeing some of its natural gas assets.
Screen, Moderating Weather Push Prices Lower
Pummeled by a prior-day futures plunge and losing both heating and cooling load, cash prices recorded losses at all points Wednesday.
Weather or Not…..Futures Are in a Slump
As yet another storm in what is shaping up to be one of thesnowiest winters on record pummeled New England Friday, natural gasfutures spiraled higher only to reverse lower at mid-day as tradersstared ahead at bearish intermediate-term temperature and storageoutlooks. The May contract tumbled lower under the considerableselling pressure to close at $5.025, leaving the prompt month witha 24.9-cent loss to conclude the week. Considering the size of theprice move, volume was relatively weak as less than 60,000contracts changed hands.