It is often said that markets will fall twice as fast as theyrise and that was never more true than yesterday in the natural gaspit at Nymex. After climbing steadily over the past week to the$4.555 level Wednesday, the market was flushed lower yesterday amida torrent of profit-taking that in turn, triggered a wave ofsell-stop loss orders. Bargain hunting was seen late to stem theprice erosion, but the damage was already done.
Rise
Articles from Rise
Post-Weekend June Price Movement Varies
June prices were still on the rise for a California buyerTuesday, but a producer said he was seeing slightly lower Chicagocitygates.
May 31, 2000
Added Capacity Sends Market Hub’s Earnings Up
NiSource Inc.’s Market Hub Partners Storage L.P. (MHP) saw itsnet income rise 13% to $2.6 million for the first quarter of thisyear, up from $2.3 for the first quarter of 1999. Revenues rose to$8.2 million, up from $8 million last year at the Houstonsubsidiary, mostly because of expanded working gas storage capacityat its Moss Bluff, TX and Egan, LA natural gas storage facilities.
May 30, 2000
Increased Storage Capacity Sends Market Hub’s Earnings Up
NiSource Inc.’s Market Hub Partners Storage L.P. (MHP) saw itsnet income rise 13% to $2.6 million for the first quarter of thisyear, up from $2.3 for the first quarter of 1999. Revenues rose to$8.2 million, up from $8 million last year at the Houstonsubsidiary, mostly because of expanded working gas storage capacityat its Moss Bluff, TX and Egan, LA natural gas storage facilities.
May 29, 2000
Spare Capacity Opens Up on TransCanada
Vacant capacity on TransCanada PipeLines Ltd. will rise to about1.7 Bcf/d or 24% as of Nov. 1 as shippers of Canadian natural-gasproduction turn to transportation alternatives coming available tothem for the first time in industry history.
May 8, 2000
Spare Capacity Opens Up On TransCanada
Vacant capacity on TransCanada PipeLines Ltd. will rise to about1.7 Bcf/d, or 24% of total capacity, by Nov. 1 as shippers ofCanadian gas production turn to transportation alternatives comingavailable to them for the first time in industry history.
May 8, 2000
Small Upticks Seen but Bulls Now on Shaky Ground
Most cash points continued their rise yesterday, but thepredominantly bullish sentiment among traders that was evidentearlier in the week showed signs of cracking. Few gains exceededmore than a nickel, while the scattered declining points fell nomore than a penny or two.
April 19, 2000
Northeast Leads Price Rise; West Increases Smallest
Prices returned to a fairly strong upward track in most marketsThursday except for the Rockies and California, where an extendedhigh-inventory OFO by PG&E put a damper on things.
March 17, 2000
FL Power Plant Construction Starts to Rise
Marking the start of what many expect to be a major trend overthe next few years, a Florida county authorized the construction ofa 460 MW gas-fired facility earlier this week. The $100 millionplant, which will be built and operated by Reliant Energy, willstart service in the fourth quarter of 2001. The Osceola CountyCommission Board approved the plan by a vote of 4-1.
March 1, 2000
Internet Outshines Energy Stocks
Commodity prices are up, and the financial performance of anumber of energy companies is on the rise. The question being askedlast week in Houston was why are Wall Streeters treating energycompany stocks like ugly stepchildren?
February 14, 2000
Listen to the latest episode of our newest podcast NGI's Hub and Flow via:
