Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Canadian Oil & Gas Companies -- Ignore unavailable to you. Want to Upgrade?

To: teevee who wrote (8742)	3/22/2002 10:28:05 AM
From: stan_hughes	Read Replies (2) \| Respond to of 24921

TV - If so, and if some/most of those maintenance shutdowns were not well known in advance, they may have caught some gas traders off guard. This late season cold snap must also be an influence, although it shouldn't affect the forwards much. This run has gone on longer than I thought it would but it can't go on forever. No ENE around to purposely withhold product from the end users.......

To: teevee who wrote (8742)	3/22/2002 11:10:46 AM
From: russet	Respond to of 24921

From Pritchard Capital this afternoon: Natural gas has spiked this afternoon to $3.38 now, up .33 from the lows of the day. We heard a number of explanations, all highly technical in scope, trying to explain this. Evidently a report came out yesterday from the NRC that focused on an inspection at FirstEnergy's (FE-$33.02) Davis Besse nuclear power plant in Toledo, Ohio. The report stated that FirstEnergy had found a cavity in the reactor vessel head of its 935 megawatt plant that had corroded down from six inches to a few centimeters. The NRC on Tuesday gave all other pressurized water reactor owners 15 days to say whether their plants could be susceptible to the same kind of damage and whether or not they check carefully enough to find it. In a conference yesterday, the NRC said the agency could require expensive shutdowns that could hurt utility earnings and drive power prices up. Merrill's utility analyst said that the issue should not be taken lightly. While this news came out yesterday afternoon, traders we talk to said that it was the cause for the rally today as the report and conference details were released this afternoon.