Roller

FERC Blames Financial Forces for Roller-Coaster Gas Prices in 2008

Financial market fundamentals and some tightening in the supply-demand balance for natural gas in the first half of 2008 were responsible for the roller-coaster ride for gas prices last year, according to a report released by FERC Thursday.

April 17, 2009

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.

October 20, 2008

Gas Traders Pause to Assess Recent Price Hike

After riding the roller-coaster of a session Monday up to a $9.595 high only to return to the station with a 2-cent loss at $9.346, natural gas futures traders were content to mostly sit on the sidelines Tuesday, perhaps in an effort to recover from motion sickness. The April contract traded in a quiet 18-cent range between $9.270 and $9.450 before closing out the day at $9.353, up less than a penny.

March 5, 2008

January Futures Expire Higher Following Late Rally

Taking a break from the passive expirations of recent months, the January natural gas futures contract went on a roller-coaster ride in the last hour of trading Thursday, soaring from $6.885 to a high of $7.240 before going off of the board at $7.172, up 12.6 cents from Wednesday’s close.

December 28, 2007

Evolving Energy Markets, Incorrect Forecasts Dominate 2006

The energy markets experienced a roller-coaster ride in 2006 as hurricane and weather forecasts ultimately ended up missing their marks, while electronic energy trading competition increased and the banks in the energy merchant sector continued to evolve from peripheral participants to core market players.

January 22, 2007

Evolving Energy Markets, Incorrect Forecasts Dominate 2006

The energy markets experienced a roller-coaster ride in 2006 as hurricane and weather forecasts ultimately ended up missing their marks, while electronic energy trading competition increased and the banks in the energy merchant sector continued to evolve from peripheral participants to core market players.

January 17, 2007

Futures Finish Week Below $14 as Traders Square Their Positions

Seatbelts for natural gas futures traders should have been required once again on Friday, as the November contract copied its roller coaster-like movements from Thursday. Despite being as high as $14.35 in the afternoon, the prompt month ended up settling at $13.921, down 27.5 cents on the day but $1.234 higher than the contract’s previous week’s close.

October 3, 2005

Futures End Higher as Some Ivan-Related Production Shut-Ins Linger

After roller-coastering within a 13-cent range for a majority of Monday’s regular session, October natural gas futures decided that the higher end was more to its liking, settling up 14.1 cents on the day at $5.249.

September 21, 2004

Futures Sink Further in Search of Support

After a few roller-coaster ups and downs during morning trading, the July natural gas futures contract spent the afternoon on a steady decline, closing down 9.2 cents at $6.115. Notching its fifth consecutive down day, the prompt month once again approached the psychological $6 level as it reached a low on the day of $6.095.

June 9, 2004

Anadarko to Shut Down Several Onshore North American Rigs

Anadarko Petroleum Corp., which has taken a roller-coaster ride this year following the surprise resignation of its CEO in March and two announced cuts to its production forecasts, on Tuesday revealed it will shut down an undisclosed number of onshore U.S. drilling rigs to remain within budget. Several rumors Tuesday remained unsubstantiated, but at least one analyst suggested in a research note that the huge independent may be for sale.

August 1, 2003