Trajectory

Early Rally Fizzles; April, May Futures Ease

Natural gas futures Friday had the trajectory of a hot-air balloon without enough fuel to remain off the ground. Prices rose initially but ended the day in negative territory as efforts by local and short-term traders to push the market higher failed. The April contract fell $0.038 to $7.290 and the May contract slipped $0.010 to $7.457.

March 27, 2006

Southwest Securities’ 2Q Gas Output Survey in Line with Lehman Estimates

Led by disappointing natural gas production by the majors, U.S. natural gas output is on a trajectory to decline 3.9% year-over-year in 2004, despite a robust 1,016 average gas rig forecast, according to a survey issued last week by Southwest Securities (SWS) of 43 top domestic producers. The survey concluded that U.S. gas production was flat sequentially and declined 4.9% versus 2Q2003.

August 23, 2004

Southwest Securities’ 2Q Gas Output Survey in Line with Lehman Estimates

Led by disappointing natural gas production by the majors, U.S. natural gas output is on a trajectory to decline 3.9% year-over-year in 2004, despite a robust 1,016 average gas rig forecast, according to a survey by Southwest Securities (SWS) of 43 top domestic producers. The survey concluded that U.S. gas production was flat sequentially and declined 4.9% versus 2Q2003.

August 17, 2004

Futures Slump into Expiry; Analyst Sees Further Weakness

After gapping dramatically lower on the open, natural gasfutures took on the trajectory of a safe pushed out of a ten-storywindow yesterday as the market dropped to its lowest level sinceNov. 29. The expiring February contract was the hardest hit by theselling, crashing 96.3 cents lower to close at $6.293. The outmonths did not fair much better, as the 12-month strip tumbled$0.49 lower to close at $5.563.

January 30, 2001

Strong Finish Gives Bulls Another Chance at $4.60

With all the trajectory of a risk manager tethered to abungee-cord and thrust out of a Houston skyscraper, natural gasprices dove then rebounded Monday as traders digested fresh weatherforecasts.

June 27, 2000

Bears Finish Strong, Beat Prices Back to $3.00

Opening near its daily high and closing just off its low, themarket took on the trajectory of a safe pushed out a 10-storybuilding Friday, as traders pressured prices to their lowest levelsince April 12. The June contract was hardest hit late in thesession, when a wave of sell-stops exacerbated the price slide. Theprompt month closed down 8.2 cents at $3.025.

May 8, 2000
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