Chesapeake Energy Corp. worked with Encana Corp. to suppress land prices in Michigan’s natural gas and oil leaseholds two years ago, Reuters reported on Monday.
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Bearish Storage And Weather Suppress Potential Short-Covering Again Monday
After a flurry of activity that first dropped and then boosted prices in the first 70 minutes of trading, the August natural gas contract settled down to trade quietly sideways for the remainder of its penultimate trading session Monday. With the contract set to expire Tuesday at 2:30 p.m. EDT, and weather and storage outlooks unchanged from last week, neither bull nor bear were willing or able to exert a price move in their favor.
July 29, 2003
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