Despite the increased volatility for oil and natural gas prices, the shift of wealth from other parts of the U.S. economy into the energy sector will continue to drive stock prices higher — especially in the next year — according to Raymond James’ latest “Stat of the Week.”
Wealth
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Aquila Buys Katy Hub from Western Gas
Lured by the chance to be a main supplier for the wealth ofgas-fired power plants planned for Texas, Aquila Energy bought theKaty Hub from Western Gas Resources last week. The $100 milliondeal is expected to close by April 30, although it still needs toclear the Federal Trade Commission’s Hart-Scott-Rodino Act.
April 5, 1999
Aquila Buys Katy Hub and Storage from Western Gas
Lured by the chance to be a main supplier for the wealth ofgas-fired power plants planned for Texas, Aquila Energy bought theKaty Hub from Western Gas Resources Monday. The $100 million dealis expected to close by April 30, although it still needs to clearthe Federal Trade Commission’s Hart-Scott-Rodino Act.
March 30, 1999
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