BUZZ-Natgas companies down on milder weather, weaker demand forecasts

Reuters
Oct 14
BUZZ-Natgas companies down on milder weather, weaker demand forecasts

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

** U.S. natgas futures NGc1 down 2.7% at $3.04 per million British thermal unit, hitting their lowest level since September 26

** Natgas futures fell to hit a more than two-week low, weighed down by forecasts for milder weather and lower demand in the coming days

** Shares of natgas companies: CNX Resources CNX.N down 1.9%, EQT Corp EQT.N falls 3.4%, Energy Transfer ET.N down 1.2%, NextDecade NEXT.O falls 4.3% and New Fortress Energy NFE.O down 4.2%

** ETFs United States Natural Gas Fund UNG.P down 2.1%, and ProShares Ultra Bloomberg Natural Gas BOIL.P falls 3.8%

(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