Futures Correction Continues Amid Bearish Weather

What do you get when you pair a fizzling Gulf Coast tropicalstorm with mild temperatures across much of the U.S.? If youanswered “lower natural gas prices,” then you were right yesterday.

August 16, 2000

Hot Screen and Weather Push Cash Market Higher

Those of a bullish bent found encouragement all around Tuesday:July natural gas futures challenged unprecedented heights whilecrude oil futures edged back above $32/bbl; heat waves challengedelectric grid operators in both the East and West; and priorestimates of this afternoon’s storage report indicated a consensusthat the year-on-year deficit will just keep growing and adding tothe refill challenge.

June 28, 2000

Cash Mixed, But Screen Seen Boosting All Points Today

With a weaker screen during the morning and not a lot of solidweather load emerging from the weekend, most of the East was flatto down a few cents Monday. Western points continued a now-familiarpattern bracketing weekends: having suffered the biggest drops onFriday, they saw the biggest rebounds on Monday.

June 27, 2000

Prices Rally Strongly As Weather Influence Grows

Fundamentals began playing a larger role in a rebounding weekendmarket Friday as several sources expressed relief that thepreviously frenetic screen was beginning to calm down.

June 12, 2000

Cash, Technicals Pave Way for Futures Gains

Buoyed by cool weather in the Northeast, bullish techincals andsupportive cash market prices, natural gas futures rumbled higheryesterday as traders bid up prices in an opening bell buyingfrenzy. After gapping higher at the open, the May contract spikedto a new life-of-contract high during the first hour of trading.From that point the buying waned and prices were left to chopsideways for the remainder of the session. May finished up 8 centsat $3.158.

April 18, 2000

Transportation Notes

TransCanada advised shippers Friday that due to forecasts ofwarmer than normal weather in the Eastern Delivery Area, diversionsand IT to the South West Delivery Area might be curtailed over theweekend and possibly into this week, depending on marketconditions. Diversions from Niagara and Chippewa would be excluded,the pipeline said.

March 27, 2000

It May Look Like Spring, But Price Slide Still Ends

Despite spring-like weather here, there and almost everywhere,this week’s price erosion came to a halt Thursday as many pointsturned in flat performances and a few managed small rallies.

February 25, 2000

Transportation Notes

Pacific Gas & Electric lifted a high-inventory OFO that hadbeen in effect for Friday only. All cold weather-related pipelineOFOs issued in the last two weeks remained in effect going into theweekend.

January 31, 2000

Transportation Notes

Reliant is under a Critical Period operational alert due tosevere weather in the system’s market area. Effective today no SBSrate schedule storage withdrawals will be allowed until furthernotice.

January 28, 2000

Transportation Notes

Tennessee reported Tuesday it had identified a minor valve leakon its 200 Line #2 near Main Line Valve 259 (West Granville, MA).Adverse weather is preventing repairs temporarily, Tennessee said,but it expects to make them Thursday. No nominations or schedulingcuts are anticipated before repairs begin, the pipeline said, butit may be required to limit meters downstream of Station 254 toprimary services for Thursday’s gas day.

January 26, 2000