Chilly temperatures kept upward pressure on a vast majority of cash point averages on Tuesday except for a handful of Northeast points, which recorded drops of $2.20 to more than $5 as the coldest temperatures associated with Sunday’s blizzard began to subside.
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Cash Climbs Despite Plump Storage, Moderating Temperature Forecast
Despite negative guidance coming from the screen’s 12.8-cent decline in December natural gas futures Friday, a vast majority of cash points traded Monday for Tuesday delivery moved higher — from a few cents to just more than a dime.
Cash Market Weighed Down by Continued Screen Weakness
Feeding off of the new 12-month low recorded in front-month natural gas futures on Friday, the cash market responded on Monday by falling at a vast majority of points across the nation. While most cash averages declined by less than a dime, a couple of gains in the nickel to dime range were sprinkled across the country, especially in the East.
Cash Points Decline Except for in Heat-Ravaged West
Feeding off of Friday’s new lows for the down-leg in natural gas futures, a vast majority of cash market averages followed suit on Monday with most points declining from a few pennies to nearly a dime. Out West the tune was a little different as most points gained at least a nickel as the region faced some of the warmest temperatures it has seen all summer.
Alberta’s Royalty Changes Favor Unconventional Gas
The Alberta government on Thursday unveiled incentives to support technologies that would accelerate development of the province’s vast unconventional and deep resource pools. During the review the government also finalized royalty curves for conventional oil and gas.
Alberta’s Royalty Cuts Favor Unconventional Gas
The Alberta government last Thursday unveiled incentives to support technologies that would accelerate development of the province’s vast unconventional and deep resource pools. During the review the government also finalized royalty curves for conventional oil and gas.
Canadian Regulator Approves TransCanada’s BC Shale Pipeline
Shifting Canadian natural gas supplies and the discovery of vast shale plays in Western Canada gave birth to NOVA Gas Transmission Ltd.’s (NGTL) plans to construct and operate the 48-mile Alberta-to-British Columbia Groundbirch Pipeline, which the National Energy Board (NEB) approved on Thursday.
Canadian Regulator Approves TransCanada’s BC Shale Pipeline
Shifting Canadian natural gas supplies and the discovery of vast shale plays in Western Canada gave birth to NOVA Gas Transmission Ltd.’s (NGTL) plans to construct and operate the 48-mile Alberta-to-British Columbia Groundbirch Pipeline, which the National Energy Board (NEB) approved on Thursday.
NEB Approves TransCanada’s BC Shale Pipeline
Shifting Canadian natural gas supplies and the discovery of vast shale plays in Western Canada gave birth to NOVA Gas Transmission Ltd.’s (NGTL) plans to construct and operate the 48-mile Alberta-to-British Columbia Groundbirch Pipeline, which the National Energy Board (NEB) approved late last week.
Screen Support, West Coast Heat Wave Buoy Cash Prices
With support from the rally late last week in natural gas futures prices, a vast majority of cash market points on Monday followed suit, gaining a few pennies to as much as 30 cents. Sizzling record-setting temperatures in the West led to some of the largest gains, but air-conditioning load wasn’t yet playing much of a role according to traders.