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EOG says to record $31.5 mln swaps gain
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Reuters U.S. Company News
2:48 p.m. 01/05/2007
NEW YORK, Jan 5 (Reuters) - U.S. oil and gas producer EOG Resources Inc (EOG) said on Friday it expected to record a $31.5 million gain for in the fourth quarter of 2006 related to gains from financial price swap contracts.
The company expects a gain of $27 million from natural gas swaps and $4.5 million from crude oil swaps.
Seasonal Weather Outlook Spooks Bears; February Seen 32 Cents Higher
February natural gas futures are expected to open 32 cents higher Monday morning at $6.500 as traders assess forecasts for more seasonal January weather and a short-term positive technical outlook. Overnight petroleum markets jumped higher.
Short-run weather patterns are forecast to bring cooler air into Midwest energy markets. AccuWeather says a clipper system sliding through the Midwest will bring more seasonable weather to the region Monday night, which has not been experienced in about a month or so. "Chilly Canadian air along with brisk northwesterly winds will sweep from Dakotas and Minnesota southeastward into the Ohio Valley, and along with the cold air and gusty winds will be some snow showers," said AccuWeather forecaster Brian Frugis. The cold air will stick around for Tuesday, limiting highs in many places to just the low 30s, the forecaster said.
Temperatures may cool off, but even normal readings still remain a stretch. AccuWeather forecasts that Monday's high for New York City should reach a comfortable 56 degrees, but should drop to 44 degrees by Thursday. New York's normal high for this time of year is 38. Chicago, more directly in the path of the cooler air, is forecast to see a high Monday of 38 degrees and that is expected to increase to 40 degrees by Thursday. The normal high in Chicago this time of year is 31 degrees, Accuweather said.
Longer-term weather forecasts are more helpful to the bulls. The National Weather Service in its six- to 10-day forecast shows below normal temperatures across a broad swath of the western U.S. West of a line from Chicago to southwest Louisiana is forecast to be below normal. East of a line from northwest Ohio to New Orleans is predicted to be above normal.
Market technicians see last week's price activity suggesting that the bears will take a brief rest before slashing prices still lower. "The narrow range congestion just above the lows after a sharp drop is typical of a bear market rest stop in a continuing decline," said Walter Zimmerman of United Energy. He added that the longer natural gas prices linger, "the more likely another sharp drop becomes. We suspect that the $9.050 to $5.740 decline was only the initial 'a' wave down of the expected a, b, c correction of the $4.050 to $9.050 rally. And this suggests that any rally this week will be the 'b' wave correction and therefore a scale up sell opportunity."
In overnight Globex trading February crude oil rose 98 cents to $57.29/bbl and February heating oil added nearly three cents to $1.5927/gallon.
Will DESC swim or sink? Please give me your votes.
Will DESC swim or sink? Please give me your votes.
Will DESC swim or sink? Please give me your votes.
Will DESC swim or sink? Please give me your votes.
I have had some bad results for my hopeful stocks get reported on Tuesdays' also.
What is going to happen to copper next 3 months?
Thoughts on EOG or SYNM?
Sold JOYG today - once again quicky - YOU ARE TOO LATE.
last message mr. smart a_s.
So I take it you've invested now after balking at buying at $3.30. Do you like paying $4.17 now better?
what happened to stockcharts.com?
Nothing is coming up - did they pull the plug?
BMD - down HUGE last 2 days. Buy Oppt?
All based on a price negotiation problem on limestone.
Birch Mountain Resources (BMD) down from $4 to $2.47 in 2 days on a price negotiation problem on limestone. Any thoughts ?
OT - any thoughts on BMD down from $4 to $2.47 in 2 days?
Good Call. CPST is not looking too good.
Anythought son CPST ? 50dma $1.50 Now $1.60 HUGE BIDS.
DESC Royce bought 520,000 shares at an Average price of $4.36 for this Day! Earnings in 30 minutes.
http://finance.yahoo.com/q/hp?s=DESC&a=06&b=1&c=2006&d=08&e=30&f=2006&g=...
DESC - Royce bought 520,000 shares at an Average price of $4.36 for this Day!
http://finance.yahoo.com/q/hp?s=DESC&a=06&b=1&c=2006&d=08&e=30&f=2006&g=...
DESC Earnings in 30 minutes. HOLD ON TIGHT!
DESC - Why does this stock continue to dissappoint me with share price? I am a little guy and last year I benefited from all the positive stuff going with DESC. I bought back in at $7 and $5 and have been losing my ass ever since. Now Negative message board talk says we will not see $5 before summer? Tell me that will not be the case!!!!!
DESC - Why does this stock continue to dissappoint me with share price? I am a little guy and last year I benefited from all the positive stuff going with DESC. I bought back in at $7 and $5 and have been losing my ass ever since. Now Negative message board talk says we will not see $5 before summer? Tell me that will not be the case!!!!!
DESC once again a screaming "Buy" at $3.40
Royce bought 520k DESC shares last quarter!!!!
http://www.nasdaq.com/asp/holdings.asp?mode=&kind=&timeframe=&intraday=&charttype=&a...
Royce bought 520k DESC shares last quarter!!!!
http://www.nasdaq.com/asp/holdings.asp?mode=&kind=&timeframe=&intraday=&charttype=&a...
DESC once again a screaming "BUY" at $3.40
Royce bought 520k DESC shares last quarter!!!!
http://www.nasdaq.com/asp/holdings.asp?mode=&kind=&timeframe=&intraday=&charttype=&a...
WLV - blood in the streets - down 43% -
Just added at $1.61 - Easy Money ?
WLV - blood in the streets - down 43% -
Just added at $1.61 - Easy Money ?
now $2.50 Ouch!
35,000 shares reported as inser buys on Friday.
I might have sold too early.
Can anyone confirm this AM that Cramer made a statement that he is now long on Alternative Energy stocks? Sell oil and buy AE going into elections?
Can anyone confirm this AM that Cramer made a statement that he is now long on AE stocks? Sell oil and buy AE going into elections?
$.39 today anyone Buying?
Alternative Energy Stocks Very Much Out of Favor - shodu lbounce Soon imho.
DESC
HYGS
BCON
BLDP
QTWW
ACPW
I am out for a few days - unloaded at $2.14
DESC will beat earnings expect on 11/07.
So - yes - I am still in DESC and added today.
DESC - Lots of accumulation here - small bids bring it down and then Wham - a huge Buy
DESC will beat earnings expect on 11/07.
So - yes - I am still in DESC and added today.
Looks like $2.60 was the best buy point on Monday. I let it slip by - now $3.36!!!