Natural gas traded up $0.029 to close at $8.074 on a bigger than expected (and in fact all time record) withdrawal of 274 Bcf. The Street was at 250 Bcf; I was at 225 to 275 Bcf. All three regions are below year ago storage levels and the West region is 3.7% below […]
Ok, even I thought the euphoria of a 50 basis point rate cut would last longer than an hour. But it turns out that Ben used some harsh language when he gave us our medicine. Phrases like: "recent information indicates a deepening of the housing contraction and some softening in labor markets", and "financial markets […]
Bernanke Is Our Pimp Watch. The market has become addicted to rate cuts. First 25 bips and we're a little bit happy…for a little while. Then another 25 but that the euphoria from that one faded faster than the first. Let's up the dose to 50. Ok, there's a week of relief. Wait, you still […]
This is a bet. A bet that the third time is a charm. Interoil (IOC) has found gas, a lot of gas, in Papua New Guinea. The question is, is it enough gas (multiple TCF) to justify an LNG facility. The company thinks so. As does their banker Merrill Lynch and an analyst at Piper […]
Commodity Watch: Crude Oil rallied $0.28 to $90.99 reversing a big, broad market related decline early in the morning. OPEC meets on Thursday– and they appear to be dead set against increasing production levels. Analysts and traders came out of the woodwork early in the day pointing to lower crude but by about noon it […]
Zman's Energy Brain ~ oil, gas, stocks, etc… is is proudly powered by Wordpress
Navigation Theme by GPS Gazette