Tiger Brokers

BUZZ-Natgas companies down on near-record output, lagging LNG exports

Reuters
Jul 23
BUZZ-Natgas companies down on near-record output, lagging LNG exports

** Shares of U.S. natural gas companies down, tracking fall in natgas futures NGA/

** U.S. natgas futures NGc1 down 0.3% at $3.08 per million British thermal unit, putting the contract on track for its lowest close since May 19

** Natural gas prices fell on near-record output, stagnant gas flows to liquefied natural gas $(LNG)$ export plants, and ample amounts of gas in storage

** Shares of natgas companies: CNX Resources CNX.N down 1.8% and EQT Corp EQT.N down 3.7%

** Energy Transfer ET.N, Sempra SRE.N and Williams Companies WMB.N each down marginally

** ETFs — United States Natural Gas Fund UNG.P down 5% and ProShares Ultra Bloomberg Natural Gas BOIL.P down 10%

(Reporting by Pooja Menon in Bengaluru)

((Pooja.Menon@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10