Discounting reports from other Wall Street analysts about permanent gas “demand destruction” and rapid supply growth being the causes of the current price collapse, Robert Christensen of First Albany Corp. said prices have fallen mainly in reaction to strong storage injections this spring and probably will rebound because of minimal supply growth. Christensen released a report this week titled “Still a ‘No Show’ – Natural Gas Supply Growth” that makes a case for remaining bullish in the face of rapidly declining spot prices.
Street
Articles from Street
Storage Injections Should Get Off to a Strong Start
Wall Street analysts continue to predict a rapid storage refill this summer and warn of the potential for a significantly bearish reaction in the market in the short-term. Analysts at Salomon Smith Barney (SSB) yesterday reiterated projections earlier in the week by Lehman Brothers that lower demand because of high prices will lead to sharply steeper storage injections this spring.
April 9, 2001
Pepco Eyes Conectiv, WSJ Reports
Officials at Potomac Electric Power Co. (Pepco) would notconfirm nor deny a report in The Wall Street Journal last week thatPepco has made an offer to buy Delaware-based Conectiv Inc. for $2billion in cash and stock. A spokesman said it might be a good ideato check back with the Washington, D.C.-based utility this week.The Journal reported the deal would be announced within a few days.
February 12, 2001
Pepco Eyes Conectiv, WSJ Reports
Officials at Potomac Electric Power Co. (Pepco) would notconfirm nor deny a report in The Wall Street Journal yesterday thatPepco has made an offer to buy Delaware-based Conectiv Inc. for $2billion in cash and stock. A spokesman said it might be a good ideato check back with the Washington, D.C.-based utility next week.The Journal reported the deal would be announced within a few days.
February 9, 2001
El Paso, Coastal Earnings Beat the Street
El Paso Energy Corp. saw its fourth quarter profit lifted 55%last week, driven by strong growth in unregulated businesses, whilemerger partner Coastal also outperformed expectations, with fourthquarter earnings up 21%.
February 5, 2001
El Paso, Coastal Earnings Beat the Street
El Paso Energy Corp. saw its fourth quarter profit lifted 55%,driven by strong growth in unregulated businesses, while mergerpartner Coastal also outperformed expectations, with fourth quarterearnings up 21%.
January 30, 2001
California Power Market On the Brink
The good news is the lights are still on in California. But WallStreet will be watching closely this week as California legislatorson one coast and the Clinton Administration on the other attempt tostop the train wreck in the California power market and rescue thetraditional “widow and orphans” investments in PG&E Corp. andEdison International from the junk pile.
January 8, 2001
Storage Levels Continue Down Precarious Path
Storage levels continue down a perilous path with the AGAreporting 175 Bcf storage withdrawal last week. The report wasslightly below the Street consensus and only 2 Bcf greater thanduring the same week last year, but it left the nation’s storageinventory 25% lower than year-ago levels entering the coldest partof winter.
December 28, 2000
Wall Street Eyes Energy Software Giants
Deutsche Banc Alex. Brown analyst Ed Tirello initiated coverageof Caminus Corp. with a Strong Buy rating, predicting that theenergy industry’s spending on information technology and softwarewould grow significantly in the next few years.
October 9, 2000
Wall Street Eyes Energy Software Giants
Deutsche Banc Alex. Brown analyst Ed Tirello initiated coverageof Caminus Corp. with a Strong Buy rating, predicting that theenergy industry’s spending on information technology and softwarewould grow significantly in the next few years.
October 4, 2000
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