Providing a microcosm of the regained luster in some energy utility stocks, California’s three major utilities are all ending 2003 at or near 52-week highs in their stock prices. That includes two of the nation’s largest utilities that have been in or near bankruptcy for the last two years following the 2000-2001 western energy crisis.
Regained
Articles from Regained
Prices Fall in Double Digits; Near-Term Rally Odds Slim
As anticipated, the bears regained firm control of the cash market Friday following a flat to mildly softer Thursday. They had little trouble in doing so, aided by the previous day’s screen dive in response to the storage report, unseasonably mild weather throughout much of the East, and the slump in industrial load that typically accompanies a weekend. Even a weekend burst of highs reaching the low 90s in parts of the Northeast was unable to avert drops of 20 cents-plus at regional citygates.
July 28, 2003
Bulls Finish ‘Tumultuous Week’ on Positive Note
Fresh from a gargantuan six-day, 72-cent price retreat, thenatural gas futures market regained its composure Friday, asscale-down buyers took advantage of lower prices, and new shortscovered positions into the holiday weekend. The October contractclosed up 9 cents at $2.561 in an abbreviated pre-holiday session.
September 7, 1999
Listen to the latest episode of our newest podcast NGI's Hub and Flow via:
