Edition: Australia  
One News Page
“Probably the fastest-access news portal in the world”
> >

How Did Goldman Sachs Lose $100 Million?

Duration: 00:36s - Published: < > Embed
News video: How Did Goldman Sachs Lose $100 Million?

A sour bet on the direction of natural gas prices contributed to Goldman Sachs' weak performance in commodities trading during the second quarter.

According to The Wall Street Journal, the bank had wrongly bet on an increase in gas prices in the Marcellus shale in Ohio and Pennsylvania, as a major pipeline was being constructed to export from the region.

Dallas-based Energy Transfer Partners is spearheading the $4.

2 billion Rover natural-gas line in question, which would move gas from the Marcellus shale to the Midwest.

The Henry Hub natural gas price has slumped 22% this year..

0
shares
Share on
Facebook
Share on
Twitter
Post on 
Reddit
Share by
Email
 

Recent related news

Investment bank Goldman Sachs reaps $16.5 million for 11 months WestConnex work

The money will be paid for financial advice on the sale of 51 per cent of the tollway
The Age - Front Page


You Might Like

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2017 One News Page Ltd. All Rights Reserved.  |  About us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Privacy Policy  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  Help  |  Contact us  |  DMCA / Content Removal
How are we doing? Send us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter   FIND us on Google+