The October natural gas futures contract strung together its third consecutive higher regular session close on Tuesday after testing resistance at the $4 price level. The prompt month reached a high of $4.020 before closing the day at $3.966, up 2.8 cents from Monday’s finish.
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Futures Track Higher on Market ‘Unknowns’
Natural gas futures on Tuesday strung together their fourth consecutive day of gains as the April contract rose 5.3 cents to close at $4.347. The gains continued despite dominant bearish fundamentals, but one trader was quick to note that the “futures market is not called the current market.”
Eagle Rock Builds Midstream, Upstream Hold in Alabama, Texas
Houston-based Eagle Rock Energy Partners LP has strung together a series of privately negotiated transactions to strengthen its midstream and upstream businesses in Alabama and Texas. The transactions, valued at $420 million total, also are expected to enable the partnership to nearly double its distributable cash flow this year.
Eagle Rock Builds Midstream, Upstream Hold in Alabama, Texas
Houston-based Eagle Rock Energy Partners LP has strung together a series of privately negotiated transactions worth about $420 million that are expected to strengthen its midstream and upstream businesses in Alabama and Texas. The transactions also will enable the partnership to nearly double its distributable cash flow this year.