Jeannie Stell, financial editor, relates news and gossip on energy-industry transactions and matters affecting deal decision-making.
Wednesday, September 30th, 2009 Posted in Uncategorized | No Comments »
Since March 2009, E&P companies (proxied by Amex Natural Gas Index, AMEX: ^XNG) have outperformed the broader energy sector (proxied by Energy Select SPDR, NYSEArca: XLE) by about 17%, according ... Read more..Monday, September 28th, 2009 Posted in Uncategorized | No Comments »
On September 25, the Energy Information Administration of the U.S. Department of Energy reported that 18 major energy companies reported a 67% decrease in net income relative to the second ... Read more..Wednesday, September 23rd, 2009 Posted in Uncategorized | No Comments »
The American Petroleum Institute issued the following statement today from President Jack Gerard on the G-20 economic summit: “As President Obama prepares to meet with the leaders of the G-20 nations ... Read more..Tuesday, September 22nd, 2009 Posted in Uncategorized | No Comments »
Is this year going to be the year of extreme seasons? Here in Houston, we've had triple-digit temperatures during the summer and drought. Now, the first day of Fall, we ... Read more..Monday, September 21st, 2009 Posted in Uncategorized | No Comments »
According to a recent notice by Morgan Stanley Research, the analysts are surprised at the strength of natural gas prices. "Despite a consensus pointing to full storage, supply dislocations and ... Read more..Friday, September 18th, 2009 Posted in Uncategorized | No Comments »
Barclays Capital, the investment banking division of Barclays Bank PLC, launched PowerFill+. The system is a suite of online foreign exchange tools to provide order management and access to more ... Read more..Thursday, September 17th, 2009 Posted in Uncategorized | No Comments »
Total working gas in storage rose to 3,458 billion cubic feet (Bcf) for the week of September 14, which is 16% higher than last year, but is down from 17% ... Read more..Monday, September 14th, 2009 Posted in Uncategorized | No Comments »
Natural gas prices gained ground at all market locations since September 2, according to the Energy Information Administration. The Henry Hub spot price increased $0.47 from a previous price of ... Read more..Thursday, September 10th, 2009 Posted in Uncategorized | No Comments »
West Texas Intermediate (WTI) oil prices rose slightly on September 10 on the widely anticipated news that OPEC ministers in Vienna would not changed their oil production quotas, writes Tina ... Read more..Tuesday, September 8th, 2009 Posted in Uncategorized | No Comments »
Gassy E&P's stock prices have declined as the 2010-estimated gas outlook deteriorates, according to a report by Stephen Richardson, analyst at Morgan Stanley & Co. Inc. A pull back in ... Read more..