EnCana Corp, Canada’s biggest energy company, established fixed price hedges on about 35 percent of its expected natural gas output as part of its extended risk management program for 2010.
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UK-listed oil explorer Imperial Energy said its agreed takeover by ONGC was not at risk because shares owned by collapsed investment bank Lehman Brothers would not be tendered for sale.
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By Duncan Sutherland – Exclusive to Gas Investing News
Market news
What else can be said about the natural gas market? Futures seem to have reached a rough stabilization in the US$6.50 – US$7.50 range, and winter approaches.
Barring a major depression of the sort where people make shoelace soup, winter means more demand for natural gas. So, [...]
By Duncan Sutherland – Exclusive to Gas Investing News
Market news
A mild rebound for hard-hit natural gas futures has developed over the past few days.
Like the Dow Jones, oil prices and the Asian market indices, natural gas futures are also in a state of flux. The instability is fairly easy to source: investors are scared, confused [...]
Canada’s dealings with Russia, including a pact giving gas giant Gazprom access to North America’s marketplace, are being reconsidered due to Russia’s foray into Georgia.
Canada’s Prime Minister Stephen Harper said:
We’re examining obviously all aspects of our relationship. We’re obviously focusing on aspects that have to with the strategic and military situation, but we will of course review [...]
Monday, June 15, 2009