BUZZ-Natgas companies gain as futures soar over 20% for second straight day
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Shares of U.S. natural gas companies are rising as futures soar over 20% for the second consecutive day. U.S. natural gas futures jumped 22.6% to $4.791 per million British thermal units, following a 26% increase in the previous session. The price surge is driven by expectations of extreme cold boosting heating demand and reducing output due to freezing conditions. Notable gains include Cheniere Energy up 1.4%, Expand Energy up 5.7%, and EQT Corp up 5.7%. Natural gas ETFs also saw significant increases, with the United States Natural Gas Fund up 10.1%.
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