In its first yegr, the futures contract has provided visible price discovery and a viable hedging tool to manage pricerisk exposure. The contract is also transforming the industry from a thirty-day view of pricing to a continuous twelveforward-month pricing mentality.
Natural Gas Futures Still on Horizon
β Scribed by Willett, Robert E.
- Publisher
- John Wiley and Sons
- Year
- 2007
- Weight
- 200 KB
- Volume
- 5
- Category
- Article
- ISSN
- 0743-5665
No coin nor oath required. For personal study only.
π SIMILAR VOLUMES
## Abstract We examine the volatility dynamics of NYMEX natural gas futures prices via the partially overlapping timeβseries model of Smith (2005. Journal of Applied Econometrics, 20, 405β422). We show that volatility exhibits two important features: (1) volatility is greater in the winter than in
This paper tests the fair-game efficient-markets hypothesis for the natural gas futures prices over the period 1990 through 2003. We find evidence consistent with the Keynesian notion of normal backwardation. Regressing the future spot prices on the lagged futures prices and using the Stock-Watson (
## Abstract The availability of the natural gas futures contract offers industry participants the opportunity to enter into stable supply agreements with partners of known reliability even though both parties to the agreement have differing views on the timing and magnitude of price changes. Altho