Street

Rally in 2010 Gas Prices to Be Short-Lived, Analysts Say

The big, sustained rally in 2010 U.S. natural gas prices predicted by some on Wall Street likely will fizzle as soon as the uncompleted wells and shut-in supply flood back into the market, energy analysts said Monday.

October 13, 2009

S&P Puts Qualifications on Three Public Sector Gas Deals

Wall Street’s shake-up this week was felt in three western public sector utility natural gas financing deals where muni electric operations have tried to protect themselves against volatile and higher wholesale gas prices with long-term, prepaid supplies. Standard & Poor’s Ratings Services (S&P) on Monday put each of the deals on CreditWatch with “developing implications.”

May 8, 2009

Futures Sink on U.S. Recession Fears

Recession fears that once again knocked down Wall Street on Wednesday also put downward pressure on energy futures as November natural gas dropped 13.5 cents to $6.592 and November crude shaved $4.09 to close at $74.54/bbl.

October 16, 2008

Energy Futures Fall on ‘Global Margin Call,’ Broker Says

All but eclipsed by yet another day of wild swings on Wall Street, energy futures still were able to make a splash on Friday as crude futures pushed below $80/bbl for the first time in exactly one year and natural gas futures continued to nip at their 13-month low. November crude ended up closing $8.89 lower at $77.70/bbl while November natural gas finished at $6.535, down 29 cents on the day and 82.3 cents lower than the previous week’s finish.

October 13, 2008

California Regulators Extend Utility Finance Limits

Watching the Wall Street credit meltdown and its aftermath, California regulators last Thursday expanded financing limits on the state’s two largest private-sector utilities — Pacific Gas and Electric Co. (PG&E) and Southern California Edison Co. (SCE).

October 6, 2008

California Regulators Extend Utility Finance Limits

Watching the Wall Street credit meltdown and its aftermath, California regulators Thursday expanded financing limits on the state’s two largest private-sector utilities — Pacific Gas and Electric Co. (PG&E) and Southern California Edison Co. (SCE).

October 3, 2008

Energy Stocks Do an About-Face and Post Gains

Energy stocks rebounded Tuesday after suffering across-the-board losses the previous day when Wall Street went into shock after the House rejected a massive $700 billion bailout plan for financial markets.

October 1, 2008

S&P, Moody’s React on Four Public Sector Gas Deals

Wall Street’s shake-up this month was felt in four western public sector utility natural gas financing deals where muni electric operations have tried to protect themselves against volatile and higher wholesale gas prices with long-term, prepaid supplies.

September 22, 2008

Gas Deals for Munis Continue to Draw Ratings Review

With global insurance provider American International Group (AIG) continuing to cast a dark shadow over Wall Street, Standard & Poor’s Ratings Services (S&P) Thursday said it was changing the outlook on two major Southern California-based municipal utility natural gas 20-year prepay deals in which AIG has a key role in underpinning more than $1 billion worth of bonds.

September 22, 2008

E&P Insiders See Gas Prices 5% Higher than Wall Street’s Forecast

Some exploration and production (E&P) insiders are expecting 2008 oil and natural gas prices to average up to 5% higher than Wall Street’s expectations, according to an informal survey by Raymond James and Associates Inc.

February 25, 2008
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