“Don’t be greedy because you can really lose out and miss adecent price Take the November through March winter strip. I advised people buyat $5.50 and it ended up dropping to $5.30, so people could have stolen another20 cents. However, those who held out thinking it might get down to $5 lost out,because today that strip trades at $6.” While Corby’s panel will pull together the trading side, ConocoPhillips’ WillHussey, Nexen’s David Slater, and John Hattenberger, president of GazpromMarketing & Trading USA, will discuss supply fundamentals. The executives willbe on hand to give their thoughts on issues such as: how long will theoversupply last? what about rig count, shut-ins and LNG imports? and the shapeof the market to come. GasMart’s 450 attendees will hear from these industry leaders and others in theconference program and then discuss the issues with other wholesale marketparticipants in the Market Network Center at this 23rd annual conference andtrade show, hosted by Intelligence Press, Inc.
Greg Mocek, former director of enforcement for the Commodity Futures TradingCommission (CFTC), will offer advice on navigating the newly developingregulatory landscape for futures, over-the-counter and derivatives markets.Mocek, now a partner specializing in energy, derivatives and government affairsat McDermott Will & Emery, will discuss “Loophole Carpet Bombing, MarketMutations and Trader Liability.” Larry Borgard, President and Chief Operating Officer – Utilities, IntegrysEnergy Group, Inc., will lead off the program, discussing how distributors arereassessing strategies for today’s energy market with its dramatic changes inenergy prices, the credit markets, and the stated policies of a newadministration in Washington. End users have their own panel presentation at GasMart led by Alex Strawn,Purchasing Group Manager, North American Energy for Procter & Gamble, and acompanion meeting of the Process Gas Consumers Group. Those wanting basictrading and risk management info can attend separate workshops sponsored by BPEnergy and NiSource’s EnergyUSA. Attendees also will hear Porter Bennett of Bentek Inc., the nation’s expert onnatural gas infrastructure, explain how new shale gas developments are reroutingthe natural gas pipeline grid.
Other program participants and/or sponsors include representatives ofIntercontinentalExchange, NECC, NGX, Thomson Reuters, PA Consulting, AllegroDevelopment, eSignal, SolArc, Telvent dtn, REXTAG, and the Defense EnergySupport Center. Go to gasmart to see the full program and the attendee list so far. Registeronline and book your room at the GasMart headquarters hotel, the SheratonChicago Hotel & Towers. Intelligence Press, Inc.Dexter Steis, Copyright Business Wire 2009. SAO PAULO, May 8 (Reuters) – Brazilian miner Vale said on Friday thatshipments on its railway used to transport iron ore in the far north of thecountry had been halted because flooding left the tracks under as much as ameter of water. Stocks | Brazil Traffic was interrupted at kilometer 765 of the Ferro Carajas railwayline which serves the company’s biggest mine in Para state, between thetowns of Maraba and Itainopolis, after the Rio Vermelho river burst itsbanks on Monday Vale is the world’s largest iron ore miner (Reporting by Peter Murphy) Stocks Brazil. BERNE (Reuters) – Holders Russia grabbed a fortuitous late winner to beat United States 3-2 in their world ice hockey championship semi-final on Friday.