With financial and regulatory results on the upswing, Spokane, WA-based Avista Corp. received a thumbs-up report from Merrill Lynch, which returned investment ratings on the gas and electric utility holding company to “neutral.” Merrill Lynch’s Sam Brothwell attributed the outlook to the absence of anything negative from an ongoing federal investigation of Avista’s energy trading and second quarter earnings that exceeded expectations.
Upswing
Articles from Upswing
After Strong Rally, Some Expect Pullback to $2.50s or Lower
The gas futures market had one of its more amazing weeks with an enormous upswing that shot April futures from a low of $2.290 the week prior, all the way up to last week’s high on Thursday of $2.820. On Friday, April prices inched up 4 cents to close out the week at an even $2.800/MMBtu. Despite the strong rally, however, some observers see overbought conditions leading to a pullback; it’s just a question of how much and for how long.
LNG Spot Sales for U.S. Markets on Upswing
High natural gas prices in the U.S. have energized spot trading in LNG shipments, with over half the cargoes received in the U.S. recently coming from spot sales, BP’s regional manager for the Americas and the Atlantic Basin said last week.
API: Industry Spends Twice as Much on Gas Drilling
Following a four-year upswing in spending between 1995 and 1998,domestic oil and natural gas industry expenditures for drilling inthe U.S. fell 15.2% in 1999, the American Petroleum Institute (API)reported last week.
Industry Spends Twice as Much on Gas Drilling
Following a four-year upswing in spending between 1995 and 1998,domestic oil and natural gas industry expenditures for drilling inthe U.S. fell 15.2% last year, the American Petroleum Institute(API) reported.
EIA: Production Up, Prices To Stay Above $4
Natural gas production is on the upswing, according to EnergyInformation Administration’s November Short Term Energy Outlook.The agency said the “torrid pace” of gas drilling activity in NorthAmerica is starting to pay off. As a result, wellhead gas pricesshould ease further away from the $5/Mcf level through 2001 thanpreviously projected. Prices this winter, however, should stayabove $4.
EIA: Production Up, Prices To Stay Above $4
Natural gas production is on the upswing, according to EnergyInformation Administration’s November Short Term Energy Outlook.The agency said the “torrid pace” of gas drilling activity in NorthAmerica is starting to pay off. As a result, wellhead gas pricesshould ease further away from the $5/Mcf level through 2001 thanpreviously projected. Prices this winter, however, should stayabove $4.
Energy Buyers: Outsourcing Continues to Grow
A panel of energy buyers at GasMart/Power 2000 agreed last weekoutsourcing energy management is still on the upswing as end usersstrive to avoid complexity and save money.
Energy Buyers: Outsourcing Continues to Grow
A panel of energy buyers at GasMart/Power 2000 agreedoutsourcing energy management is still on the upswing as end usersstrive to avoid complexity and save money.
Leap Year Day Sees Rising Prices Except in California
Prices for the last day of February were generally on theupswing Monday, ranging from flat in California to more than a dimehigher at a few Northeast points.