Rumors

Chu Leaving DOE to Return to Academic Life

Confirming rumors that have been circulating for months, Energy Secretary Steven Chu Friday said he will not serve a second term in the Obama administration.

February 4, 2013

Kasich Plan Would Tax Unconventional Wells, NGLs

Ohio Gov. John Kasich will reportedly unveil a proposal next week to restructure state taxes on oil and gas drilling — including implementing new taxes on hydraulic fracturing (fracking) and natural gas liquids (NGLs) — then pass the savings along to Ohioans in the form of a personal income tax cut.

March 6, 2012

Natural Gas Fund’s Impact on Futures Prices Debated

The natural gas futures market was abuzz last week over an analyst’s comments that growth in the United States Natural Gas Fund (UNG) might be responsible for the rebound in prices over the last month despite the lack of supportive fundamentals. While some analysts were claiming that the exchange-traded fund (ETF) might be cornering the market because it allegedly is holding title to as much as 80% of the June contract’s open interest on the New York Mercantile Exchange (Nymex), other analysts and traders were less convinced the story, and/or the percentage, could be true.

May 18, 2009

Futures Sink as Longs Feel the Squeeze

Capitalizing on Tuesday’s downward momentum, December natural gas futures dropped another 30 cents Wednesday to close at $6.405 as rumors swirled that longs were getting squeezed out of their positions.

November 13, 2008

Cheniere’s Stock Price Recovers Slightly on Sale Rumors

Rumors were rampant Friday that Cheniere Energy Inc. may be close to announcing a transaction that could involve selling its Gulf Coast-based liquefied natural gas (LNG) receiving terminal at Sabine Pass in Cameron Parish, LA — or even the entire company.

May 19, 2008

Cheniere’s Stock Price Recovers Slightly on Sale Rumors

Rumors were rampant Friday that Cheniere Energy Inc. may be close to announcing a transaction that could involve selling its Gulf Coast-based liquefied natural gas (LNG) receiving terminal at Sabine Pass in Cameron Parish, LA — or even the entire company.

May 19, 2008

Analyst: NiSource May Buy Gas Assets to Offset Gains on Electric Asset Sale

Although NiSource (NI) management would not confirm rumors that Northern Indiana Public Service Co. (NIPSCO) may be up for sale as part of an ongoing strategic review, the company did indicate that tax efficiency would be a key consideration in any divestiture. Capital gains from such a sale likely would be offset by purchasing gas distribution, pipeline or storage assets in the Midwest or Northeast, said AG Edwards analyst Michael Heim in a research report.

February 5, 2007

Analyst: NiSource May Buy Gas Assets to Offset Gains on Electric Asset Sale

Although NiSource (NI) management would not confirm rumors that Northern Indiana Public Service Co. (NIPSCO) may be up for sale as part of an ongoing strategic review, the company did indicate that tax efficiency would be a key consideration in any divestiture. Capital gains from such a sale likely would be offset by purchasing gas distribution, pipeline or storage assets in the Midwest or Northeast, said AG Edwards analyst Michael Heim in a research report.

February 1, 2007

ScottishPower Bullish on PPM Energy; Eyes Wind, Storage Expansion

Contrary to rumors earlier in the year that it was looking for potential buyers for the rest of its U.S.-based assets, ScottishPower’s CEO Wednesday lauded Portland, OR-based PPM Energy for its “excellent” financial results. He also announced new expansions of its wind power and natural gas storage projects in the United States.

May 25, 2006

Hederman to Leave FERC’s OMOI; More Changes Rumored

William Hederman, director of the Office of Market Oversight and Investigations, has announced he will be returning to the private sector within the next few months and rumors are circulating that OMOI, created just over three years ago, will be dismantled or significantly reduced under new Federal Energy Regulatory Commission Chairman Joe Kelliher.

September 23, 2005
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