Trouble

Efforts by Sonora Pipeline LLC, a subsidiary of Tidelands Oil & Gas, to win expedited approval of its proposed Burgos Hub Export/Import facility in northeastern Mexico may be in trouble at FERC.

Now that winter is over, most experts would have trouble ruling out the possibility of a test of market lows. But that clearly wasn’t happening in the cash market on Monday. Despite mild weather, high line pack on many pipes and weaker crude oil fundamentals, most points were up a nickle to as much as 15 cents.

While July gas futures tumbled sharply Monday morning with a low at $6.15, prognosticators at investment banking firm Raymond James & Associates are betting the gas storage situation isn’t nearly as rosy as it seems, and tight supply will end up pushing gas prices back above $8/MMBtu in the next few months.

Prices rose mostly by double-digit amounts Thursday, but traders had trouble identifying what caused the rebound a day after the upward trend earlier in the week had come to a halt. Gains were fairly consistent throughout all regions in ranging from a little less than a dime to about 20 cents.

The 20% rise in the Canadian dollar over the last 13 months means trouble for oil and gas companies doing business in Canada, Lehman Brothers analyst Phillip Skolnick said in an equity research report. He predicted that earnings are likely to be weaker and investment opportunities will be less attractive as a result.

The 20% rise in the Canadian dollar over the last 13 months means trouble for oil and gas companies doing business in Canada, Lehman Brothers analyst Phillip Skolnick said in an equity research report. He predicted that earnings are likely to be weaker and investment opportunities will be less attractive as a result.

NorthWestern Corp., the holding company for a Montana combination utility, may have trouble continuing as viable business depending on the outcome of its ongoing Chapter 11 bankruptcy proceeding, according to the company’s 10-Q Securities and Exchange Commission filing earlier this month.

It’s not as if Westar Energy hasn’t seen enough trouble, but it’s now reported that top executives of the Kansas-based energy company believed $56,500 in contributions to political groups associated with four leading Republican lawmakers last year would buy them exemption from a controversial federal utility law, The Washington Post reported Friday.

It’s not as if Westar Energy hasn’t seen enough trouble, but it’s now reported that top executives of the Kansas-based energy company believed $56,500 in contributions to political groups associated with four leading Republican lawmakers last year would buy them exemption from a controversial federal utility law, The Washington Post reported Friday.