BUZZ-US natgas companies rise on cold weather forecast, strong power demand
Shares of U.S. natural gas companies have risen due to a forecast of cold weather and increased power demand. U.S. natgas futures are up approximately 5% at $4.55 per million British thermal units. Notable gains include CNX Resources (1.6%), EQT Corp (1.4%), and NextDecade (2.6%). Additionally, ETFs such as the United States Natural Gas Fund and ProShares Ultra Bloomberg Natural Gas have also seen increases of 4.3% and 7%, respectively.
Shares of U.S. natural gas companies gain, tracking a rise in natgas futures (NGA/)
U.S. natgas futures (NGc1) up ~5% at $4.55 per million British thermal unit Natgas prices rise as traders bet on another round of cold weather in December and firmer power demand, even as temperatures are expected to moderate next week
Shares of natgas companies up: CNX Resources (CNX.N) gains 1.6%, EQT Corp (EQT.N) rises 1.4%, NextDecade (NEXT.O) adds 2.6%
Cheniere Energy (LNG.N) and Sempra (SRE.N) rise marginally
ETFs rise: United States Natural Gas Fund (UNG.P) up 4.3% and ProShares Ultra Bloomberg Natural Gas (BOIL.P) gains ~7%
