EQT: The Low-Cost Gas Producer Is A Buy seekingalpha.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from seekingalpha.com Daily Mail and Mail on Sunday newspapers.
The rush is on to build new pipeline capacity to serve rapidgas-fired power generation growth in the Southeast and Mid-Atlanticregions. Dominion Transmission last week announced a proposed $400million pipeline to serve primarily new power plants in Virginiaand North Carolina.
PA's 5 Biggest Shale Drillers Back in the Game, Permits Soar in June marcellusdrilling.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marcellusdrilling.com Daily Mail and Mail on Sunday newspapers.
Small Rebound for June Natural Gas Prices, but Cash Struggles
June Nymex recovers early, holds gains as storage deficit seen widening
Year/year comparisons extremely favorable for coming months
Pipeline maintenance kicks into high gear
It took one day, but it appeared to have finally dawned on natural gas futures traders that the latest storage data was bullish after all. Though gains were small on Friday, the June Nymex gas futures contract recovered 2.0 cents day/day to settle at $2.931. The July contract ticked up 1.7 cents to hit $2.978.
Spot gas prices, however, continued to retreat amid the mostly mild weather pattern expected across the country for the next few days. NGI’s Spot Gas National Avg. slipped 7.5 cents to $2.605.