Much of the market seemingly was put on hold Tuesday as flat to slightly higher numbers prevailed. Tropical Storm Chantal continued to recede as a potential threat to Gulf production, and hot weather demand remained generally light outside the Texas-Louisiana Gulf Coast and Midcontinent areas. Mostly, though, the market was reported as very quiet as the trading community awaited this afternoon’s first release of new AGA storage data since last week’s bombshell of a low volume.
Seemingly
Articles from Seemingly
Weather, Technicals Pave the Way for Nymex Rally
Amid a steady and seemingly limitless stream of commercial buying, natural gas futures rallied for the second-straight session Monday, as traders priced in the first forecasts for hot weather in the eastern U.S. Breaking through several important technical levels to notch its daily high just moments before the closing bell, the July contract finished 25.7 cents higher at $4.179.
June 12, 2001
Energy East Keeps Eating Despite Full Stomach
With its seemingly bottomless stomach rumbling again, EnergyEast bought Berkshire Energy Resources for $96 million last week inan attempt to complement its growth strategy and gain new gascustomers in western Massachusetts. The companies said they expectto complete the transaction within 12 months. As part of the deal,Energy East also assumed $40 million of Berkshire’s preferred stockand long-term debt.
November 15, 1999
Energy East Keeps Eating Despite Full Stomach
With its seemingly bottomless stomach rumbling again, EnergyEast bought Berkshire Energy Resources for $96 million yesterday asa complement to its growth strategy and to gain new gas customersin western Massachusetts. The companies said they expect tocomplete the transaction within 12 months. As part of the deal,Energy East also assumed $40 million of Berkshire’s preferred stockand long-term debt.
November 11, 1999
Futures Shrug Off Storage Report Again
For the second straight Thursday, natural gas traders ignored aseemingly bullish American Gas Association storage report bypressuring the market lower in light, long liquidation. The Junecontract was the hardest hit by the sell-off, slipping 6.4 cents to$2.295 in active trading.
May 7, 1999
Futures Snap Back in Late-Day Rebound
“You can’t win the game if you give the ball away” was aseemingly logical but somewhat superfluous observation made byHoward Cosell on Monday Night Football back in the 1980s. If Cosellwere to have commented on the natural gas futures market yesterday,he probably would have said something like, “The market couldn’tmove lower because there was no additional selling.” And althoughthat comment would also have been redundant, it aptly describes thenature of yesterday’s price action at the New York MercantileExchange, where once early selling dried up, the market was free tobubble higher in near-frictionless trade. The May contract finishedup 3.2 cents to $2.128.
April 13, 1999
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