Weekend prices were down by as much as a dime or so almostacross the board Friday. Although the screen’s almost imperceptibledrop provided no further impetus for cash softening, the decreaseswere widely expected as cold areas started warming and warm areasstarted cooling.
Weekend
Articles from Weekend
Touchstone Builds Coop Powerhouse, Launches Campaign
Touchstone Energy is planning to launch a national brandingcampaign this weekend with television, radio and print ads in 20major American markets, primarily to keep as many of its 11 millionretail customers from getting cherry-picked by power marketers. Andit is considering adding natural gas, propane, telecommunicationsand security services to its future energy mix.
Prices Go Into Weekend Flat to Up About a Nickel
Cash numbers finished the week slightly higher as various pointsranged from flat to 5-6 cents higher Friday. It was difficult togeneralize with several regions containing both flat andnickel-higher points. The larger gains were seen at Henry Hub, TGTZone 1, Tennessee Zone 0, Columbia-Appalachia, Texas Eastern M-3and the Chicago citygate.
Price Slide Levels Off With Only Slight Softness
Cash markets settled down for the weekend Friday with flat toslightly softer prices prevailing. Most of the declines of 2-4cents were concentrated in the Gulf Coast and Appalachia/Northeast.
March Futures Go Into Weekend Below $2.20
The March Nymex futures contract fell another 1.9 cents to$2.198 Friday, as traders continued the falloff in prices theystarted on Thursday. “This was not a case of traders gunning forstops, where they try to push the contract under support hoping thecontract will fall even more. This was simply an extension ofThursday,” a broker said.