Disciplined capital allocation and efficient operations have been the primary catalyst for strong results. The year has been very good for Vero Energy shareholders as prices have increased 49% since the beginning of the year to its current trading range at $6.63 per share.
Natural gas prices also declined during the first half of October. Natural gas closed at $7.728 per million British thermal units (mmBtu) on Oct. 1 on NYMEX and declined $1.136 – 15 percent – to $6.592 per mmBtu . For full story, click here
By Duncan Sutherland – Exclusive to Gas Investing News Market news The high US$6 – mid US$7 NYMEX future price seems to be relatively stable given the incredible volatility of other commodities and market indices. Though this stability is preventing gas investors from riding the same emotional rollercoaster that most other investors have boarded, it [...]
NYMEX natural gas futures spiked more than 6 percent. Those gains in commodity prices gave equity investors with incentive to buy energy stocks, which have taken a beating in recent times. For full story, click here
By Duncan Sutherland – Exclusive to Gas Investing News Market News: It seems as if natural gas futures have hit a band of support in the $7.25-$7.50 range, which is good news for investors as winter approaches. Structural factors suggest that natural gas will become dearer in winter, especially if the current low prices have [...]
By Duncan Sutherland – Exclusive to Gas Investing News Market News: The American Energy Information Administration (the U.S. Government’s register of official energy statistic) is still forecasting an increase in home heating costs over the winter. The EIA did note that its figures were subject to change as new information about the extent of the [...]
By Duncan Sutherland- Exclusive to Gas Investing News Company news The headline this week is obviously Shell (NYSE:RDS.A) and the Iraqi government putting ink to paper on a US$4 billion joint venture deal that will see the company collect flareoff from oil production in Southern Iraq’s Al-Basra province. In even better news, Shell opened a [...]
By Duncan Sutherland – Exclusive to Gas Investing News Market news The radical realignment of oil and gas prices after Hurricane Gustav’s relatively tranquil passage through the Gulf of Mexico has been interesting to watch. NYMEX futures showed light crude taking a body blow, while natural gas seemed to largely shrug off the news. Part [...]
By Duncan Sutherland – Exclusive to Gas Investing News Market news Ouch! Natural gas futures are hovering at six-month lows, in the mid-high US$7 range, on the NYMEX. Down by almost half their values in July, futures contracts reflect a growing conventional wisdom that demand is not going to keep up with American production “rising [...]
NYMEX announced margin changes for some of its natural gas basis swap futures contracts, beginning at the close of business tomorrow. For full story, click here
Thursday, November 4, 2010