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ARET oil stock increasing in volume.
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[QUOTE]Originally posted by JoeMillion: [QB] Thanks guys for your dd post. ARET looks good for next week. - Joe Cold Blast Boosts Utilities, Other Impact Muted Sat Jan 17, 8:42 AM ET Add U.S. National - Reuters to My Yahoo! By Deepa Babington NEW YORK (Reuters) - The arctic blast sweeping through the U.S. Northeast is providing a boost to energy companies as consumers crank up the heat, but it may have only a muted effect on energy producers and refiners, analysts say. The sudden cold snap in recent days, with icy winds and freezing temperatures from New York to Maine, has disrupted daily life, canceling flights and closing public schools. In New York's Central Park, the temperature overnight fell to 1 degree Fahrenheit (minus 17 C), matching a record low set in 1893 and causing parts of the Hudson River to freeze over. For corporate America, much of the impact on business will depend on how long the bitter cold lasts, analysts say. Power companies, some of which have already announced record usage of gas and electricity in regions they serve, are expected to reap the biggest benefits from the cold spell. New York power company Consolidated Edison Inc. said electricity use on Thursday shattered the previous weekday winter record set last year as customers turned up their thermostats and electric heaters. KeySpan Corp., the largest distributor of natural gas in the U.S. Northeast, said on Friday it had broken several records this week for gas supply in the Long Island and New England areas. It said the cold snap had prompted Long Island customers to use about 63 percent more natural gas than normal at this time of the year. However, whether the higher usage translates into materially higher profits will depend largely on how long the cold snap lasts, said Sanford Bernstein utilities analyst Eric Selmon. "Right now it means little unless it can last for longer," Selmon said. "But having a cold winter can help. It definitely helped last year." Utilities that have only a limited supply of power available in certain regions, and must buy power at higher prices to meet demand, could end up being hurt, he said. MUTED EFFECT ON SOME Energy producers and refiners may see less of a boost from the cold weather since heating oil forms a smaller part of the overall refinery business than gasoline, said Jacques Rousseau, a Friedman Billings Ramsey & Co. oil and gas analyst. The Northeast is the biggest consumer of heating oil in the United States, while gasoline usage tends to dip in chilly weather since fewer people choose to travel. "So while we'll see some upside in heating oil consumption, some of that will be negated by lower gasoline consumption." Rousseau said. "If you're an investor, don't take two days and run with it." One company expected to benefit from higher heating oil demand is Sunoco Inc., an independent refiner concentrated in the Northeast, whose earnings in the past have swung sharply because of the weather. Other beneficiaries of the cold weather include snowmobile makers like Polaris Industries Inc., which is welcoming the recent snowfall after below-normal accumulation in four of the past five winters, which has wreaked havoc with sales. This year, Polaris hopes the heavier snowfalls across northern parts of the country will encourage dealers to restock with new models. Rival Arctic Cat Inc. is so far expecting flat snowmobile sales, noting that the snow melted quickly in the Northeast, with the Midwest seeing just a few more flakes than last year and the West having the best snowfall. "We're certainly upbeat up about the snow, wherever it flies," said Polaris spokesman Richard Edwards. (Additional reporting by Robert Gibbons, Joe Giannone, Michael Flaherty and Susan Kelly) [/QB][/QUOTE]
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