BUZZ-Natgas companies gain as futures soar over 20% for second straight day
Reuters
Yesterday
BUZZ-Natgas companies gain as futures soar over 20% for second straight day
** Shares of U.S. natural gas companies gain, tracking a rise in natgas futures NGA/
** U.S. natural gas futures NGc1 jump 22.6% to $4.791 per million British thermal units, after soaring 26% in the previous session
** Prices climb on expectations that extreme cold will boost heating demand to near-record levels, while also cutting output by freezing oil and gas wells
** Natgas companies: Cheniere EnergyLNG.N up 1.4%; Expand Energy EXE.O gains 5.7%; Williams Companies WMB.N rises 1.9%
** Natgas ETFS: United States Natural Gas Fund UNG.P up 10.1%; ProShares Ultra Bloomberg Natural Gas BOIL.P gains 20.3%
(Reporting by Sumit Saha in Bengaluru)
((Sumit.Saha@thomsonreuters.com;))
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