Stabilized

Lacking Fundamental or Technical Consensus, Futures Chop Sideways

For the third-straight trading session, natural gas futures tumbled early, but quickly stabilized Monday as traders continue to view the market with apprehension. On one side is the market’s seasonal tendency to rally in September; on the other is the bearish storage and weather outlook.

September 23, 2003

CEO: Dynegy ‘Stabilized,’ Now Running ‘Strategically’

Dynegy Inc.’s share price continued to show small gains on Friday, following an upbeat speech a day earlier by CEO Bruce Williamson, in which he told analysts that the company has shifted its focus from “stabilizing the company to running the company strategically.”

September 8, 2003

CEO: Dynegy ‘Stabilized,’ Now Running it ‘Strategically’

Dynegy Inc.’s share price continued to show small gains on Friday, following an upbeat speech a day earlier by CEO Bruce Williamson, in which he told analysts that the company has shifted its focus from “stabilizing the company to running the company strategically.”

September 8, 2003

Transportation Notes

Saying linepack had stabilized, El Paso canceled Friday an Overpull Penalty Alert that had been issued Wednesday morning. While the OFO was still in place, El Paso postponed repairs on the Dilkon Station’s B turbine until next week. The pipeline had expected to begin the work, which will cause a 30 MMcf/d reduction of North Mainline capacity, last Wednesday.

December 17, 2001

Prices Yo-Yo on Bearish Storage News, Bullish Technicals

Natural gas futures prices stabilized late Wednesday after sinking to a new two-day low following the AGA announcement that 22 Bcf had been withdrawn from underground storage last week. The January contract settled at $2.719, down 8.4 cents for the session but well above its late-session low of $2.63. Estimated volume was light, as just 67,503 contracts changed hands.

December 13, 2001

Transportation Notes

Saying linepack had stabilized, El Paso canceled an Unauthorized Overpull Penalty alert late Wednesday afternoon. The OFO had been initiated Monday.

August 24, 2001

Transportation Notes

Florida Gas Transmission did not extend Tuesday’s Overage Alert Day notice into the Fourth of July holiday.

July 6, 2001

Transportation Notes

Saying linepack had stabilized, El Paso canceled an Unauthorized Overpull Penalty alert late Tuesday afternoon.

June 28, 2001

Transportation Notes

Saying linepack had stabilized, El Paso canceled an Unauthorized Overpull Penalty alert Wednesday, one day after it had gone into effect. The pipeline also said it will take Line 1100 between the Eunice and Pecos River stations down for repairs June 26. Six interconnects will be unable to deliver into El Paso that day, and the total flow of gas through Eunice Station to the South Mainline will be limited to 245 MMcf/d. Plants upstream of Eunice and in the Monument area will compete for space with San Juan and Anadarko gas moving south from Plains Station.

June 22, 2001

Transportation Notes

El Paso canceled an Unauthorized Overpull Penalty situation Tuesdayafter linepack was stabilized. The OFO had been declared Sunday (seeDaily GPI, Jan. 30).

January 31, 2001