Gas glut puzzles Canadian producers in 1990s shift
Canadian natural gas producers face a price plunge after 1994 price forecasts of 2 per gigajoule proved unsustainable. Surplus gas from expanded drilling and warm winters flooded the market, pushing prices below prior levels and forcing exports to rise to the United States while revenue growth stalls. The industry notes a structural shift as contracts move toward instantaneous sales.
MENTIONED IN THIS ARTICLE
Alan Boras
Calgary Herald
Canada
North America
Capirene
U.S
Picee
de Pea
Toronto Stock Exchange Noon Mixed. TSE 300 up 1.74
Toronto and New York markets opened higher with the TSE 300 index at 4 465 23 up 1 74 as volume ran 24.1 million shares. Declines led advances 243 to 227 with 262 unchanged. consumer products led gains, while gold and silver fell sharply. Major movers included John Labatt Magna International Rothmans and Bank of Nova Scotia with several miners and oil firms also quoted.
MENTIONED IN THIS ARTICLE
RBC Eres Securities
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Barick Gold
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Vancouver Stocks Mixed On Active Vancouver Exchange
Trading was brisk on the Vancouver Stock Exchange with 5,110,446 shares by 7:40 a.m. The VSE index stood at 809.30 up 2.36 from Monday as 101 issues rose, 85 fell and 128 were unchanged. Goldner Resources led activity, up to 1.68 on 296,100 shares.
MENTIONED IN THIS ARTICLE
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Winnipeg grain report from Monday at Winnipeg Commodity Exchange
Late session trade showed light oilseed activity with mostly lower values. Canola fell amid hedging and selling. June, August, and November contracts closed lower. Flaxseed declined across the board with mixed feed grain results and early Japan sales of 1,000 tonnes. Oats and barley also mixed as deferreds edged lower or steadied.
MENTIONED IN THIS ARTICLE
Winnipeg
Winnipeg Commodity Exchange
Japan
Chicago
Market summary of grains and stocks at midday
Prices listed for flax, canola, rye, oats, barley and wheat show mixed moves with several grains lower, one higher, and rye steady. Major volumes include 187,260 tonnes across Canadian and Western barley, canola, flax and wheat, while the Dow stood at 4,483.47 and trading volume reached 164.5 million shares at noon on Wall Street.
MENTIONED IN THIS ARTICLE
St Lawrence
Thunder Bay
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