To date, the heating season (from Oct. 4 through Feb. 6) has been slightly colder — 2.3% colder to be precise — but there has been a trend increase in seasonally adjusted demand, implying that the decline in the natural gas supply will pressure prices in the months ahead to remain at a constant above $4 and higher than $6 if the summer months are above normal, according to energy analyst Stephen Smith.
Sizzles
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Aquila’s IPO Sizzles on NYSE
Aquila Inc. made its initial public offering in grand style yesterday, becoming one of the hottest traded IPOs in a lackluster market, coming off the blocks at an opening price of $29.75 on the New York Stock Exchange — almost 25% above its offering price of $24. It was the third-most actively traded stock on the NYSE, with more than 7.8 million shares changing hands.
Aquila’s IPO Sizzles on NYSE
Aquila Inc. made its initial public offering in grand style last week, becoming one of the hottest traded IPOs in a lackluster market, coming off the blocks at an opening price of $29.75 on the New York Stock Exchange — almost 25% above its offering price of $24. The first-day offering raised about $430 million, and was the third-most actively traded stock on the NYSE Wednesday, with more than 7.8 million shares changing hands.
Record Winter Warmth Sizzles the U.S.
Although you couldn’t tell from rapidly depleting gas storagelevels or lofty gas prices, this winter turned out to be thewarmest on record for the United States, according to a report bythe National Oceanic and Atmospheric Administration. And it was thethird winter in a row in which record warmth cooked the UnitedStates.
Record Winter Warmth Sizzles the U.S.
Although you couldn’t tell from rapidly depleting gas storagelevels or lofty gas prices, this winter turned out to be thewarmest on record for the United States, according to a report bythe National Oceanic and Atmospheric Administration. And it was thethird winter in a row in which record warmth cooked the UnitedStates.