The EIA reported a withdrawal of 36 Bcf, just shy of the Street's estimate of 42 Bcf. Gas traded from down $0.16 at the time of the EIA's report to flat by the close at $9.68 on the May contract, which becomes the front month tomorrow, on the back of surging crude prices. The weather […]
Sort of Unwelcome News Of The Day Watch: Chesapeake announced a 20 million share deal last night with proceeds to pay off outstanding amounts on their revolver. The book is being run by Lehman, B of A, and Deutsche Bank and they should have plenty of selling points given the recent developments here. That's a […]
Zman's Energy Brain ~ oil, gas, stocks, etc… is is proudly powered by Wordpress
Navigation Theme by GPS Gazette