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Linn Energy, LLC (LINE) Message Board

  • norrishappy norrishappy Mar 8, 2013 9:39 AM Flag

    By DAN STRUMPF NEW YORK--Natural-gas futures surged to their highest level for the year

    Mr. Calder said prices might have difficulty sustaining current levels because utilities have greater incentive to switch back to coal-fired plants as gas prices rise. "(Natural-gas futures) hit a brick wall right at $3.60," he said. "That might be bearish going foward because of the fundamentals of fuel switching."

    U.S. gas inventories now stand at 2.083 trillion cubic feet, 15% below last year's level but also 15% above the five-year average level for this time of year.

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