Weekly Natural Gas Prices Sink as Storage Draw Disappoints

Zacks12-09

The U.S. Energy Department's latest inventory report showed a lower-than-expected decrease in natural gas supplies. Following this disappointing data, futures ended the week more than 8% lower.Natural...

Source Link

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.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2490776504?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/jsIK2FQMJW6gWo8j4JZ.JA--~B/aD00MTM7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/4a943c12ff90d8c2b51a65472656a210","is_english":true,"pubTime":"2024-12-09 21:20","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2490776504","market":"us","top_or_hot":-1,"title":"Weekly Natural Gas Prices Sink as Storage Draw Disappoints","media":"Zacks","content":"<div>\n<p>The U.S. Energy Department's latest inventory report showed a lower-than-expected decrease in natural gas supplies. Following this disappointing data, futures ended the week more than 8% lower.Natural...</p>\n\n<a href=\"https://finance.yahoo.com/news/weekly-natural-gas-prices-sink-132000822.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Weekly Natural Gas Prices Sink as Storage Draw Disappoints</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWeekly Natural Gas Prices Sink as Storage Draw Disappoints\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-09 21:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/weekly-natural-gas-prices-sink-132000822.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The U.S. Energy Department's latest inventory report showed a lower-than-expected decrease in natural gas supplies. Following this disappointing data, futures ended the week more than 8% lower.Natural...</p>\n\n<a href=\"https://finance.yahoo.com/news/weekly-natural-gas-prices-sink-132000822.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NGS","symbol_name":"Natural Gas Services Group Inc","start_time":0,"source_url":"https://finance.yahoo.com/news/weekly-natural-gas-prices-sink-132000822.html","article_id":"2490776504","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/jsIK2FQMJW6gWo8j4JZ.JA--~B/aD00MTM7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/4a943c12ff90d8c2b51a65472656a210"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2490776504","pubTimestamp":1733750400,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"The U.S. Energy Department's latest inventory report showed a lower-than-expected decrease in natural gas supplies. Following this disappointing data, futures ended the week more than 8% lower.Natural gas is expected to remain volatile, depending on the temperature outlook, supply/demand balance etc. In such a situation, investors should focus on resilient stocks like Cheniere Energy LNG, Coterra Energy CTRA and EQT Corporation EQT.Natural gas prices fell last week following a smaller-than-expected inventory draw. Prices were buoyed by relatively weaker demand forecasts on the back of warmer-than-normal temperatures. January futures closed at $3.076 on the New York Mercantile Exchange, marking an 8.5% decrease.In the current price context, one has to consider the existing natural gas supply surplus and the lingering uncertainty associated with it. With inventories remaining above both last year’s levels and the five-year average, the trend remains bearish. Investors must remember that ","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"NGS":"Natural Gas Services Group Inc","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","LU0256331488.USD":"SCHRODER ISF GLOBAL ENERGY \"A\" ACC","LU0788109394.HKD":"BGF WORLD ENERGY \"A2\" (HKDHGD) ACC","CTRA":"Coterra Energy Inc.","BK4588":"碎股","LU0251142724.SGD":"Fidelity America A-SGD","BK4179":"石油天然气设备与服务","LU0368265418.SGD":"Blackrock World Energy Fund A2 SGD-H","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","IE00B29SXL02.USD":"FIRST SENTIER GLOBAL LISTED INFRASTRUCTURE \"I\" (USD) INC","LU0300736492.USD":"FRANKLIN NATURAL RESOURCES \"A\" (USD) INC","IE00B7SZLL34.SGD":"Legg Mason ClearBridge - Value A Acc SGD-H","EQT":"EQT能源","LU0006061336.USD":"Blackrock US Small and MidCap Opportunities A2 USD","IE00B29SXK94.USD":"FIRST SENTIER GLOBAL LISTED INFRASTRUCTURE \"I\" (USD) ACC","BK4590":"PTP","LU0300736062.USD":"FRANKLIN NATURAL RESOURCES \"A\" (USD) ACC","LU0122376428.USD":"贝莱德世界能源基金A2","LU0314104364.USD":"MANULIFE GF AMERICAN GROWTH \"AA\" (USD) INC","SG9999001440.SGD":"United Global Dividend Equity Fund A SGD Dist","LU0251131958.USD":"FIDELITY AMERICA \"A\" (USD) ACC","LU0742534661.SGD":"Fidelity America A-SGD (hedged)","CQP":"Cheniere Energy Partners L.P.","LU2449327464.USD":"HSBC GIF GLOBAL INFRASTRUCTURE EQUITY \"AC\" (USD) ACC","BK4213":"石油与天然气的勘探与生产","LNG":"Cheniere Energy Inc","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","BK4144":"石油与天然气的储存和运输","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU0048573561.USD":"FIDELITY AMERICA \"A\" (USD) INC","BK4585":"ETF&股票定投概念"},"translate_title":"由于存储量令人失望，每周天然气价格下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NGS":1,"LNG":1,"CTRA":1,"EQT":1,"CQP":0.9},"content_text":"The U.S. Energy Department's latest inventory report showed a lower-than-expected decrease in natural gas supplies. Following this disappointing data, futures ended the week more than 8% lower.Natural gas is expected to remain volatile, depending on the temperature outlook, supply/demand balance etc. In such a situation, investors should focus on resilient stocks like Cheniere Energy LNG, Coterra Energy CTRA and EQT Corporation EQT.\nNatural Gas Draw Smaller Than Market Expectations\nStockpiles held in underground storage in the lower 48 states fell 30 billion cubic feet (Bcf) for the week ended Nov. 29, below analysts’ guidance of a 48 Bcf depletion. The decrease, third in succession, compared with the five-year (2019-2023) average net decline of 47 Bcf and last year’s decline of 81 Bcf for the reported week.The weekly withdrawal put total natural gas stocks at 3,937 Bcf, 185 Bcf (4.9%) above the 2023 level and 284 Bcf (7.8%) higher than the five-year average.The total supply of natural gas averaged 109.7 Bcf per day, up 0.2 Bcf per day on a weekly basis, due to higher shipments from Canada partly offset by lower dry production.Meanwhile, daily consumption jumped to 135.9 Bcf from 117.4 Bcf in the previous week, mainly reflecting higher residential/commercial usage on the back of lower temperatures.\nNatural Gas Prices Finish Lower\nNatural gas prices fell last week following a smaller-than-expected inventory draw. Prices were buoyed by relatively weaker demand forecasts on the back of warmer-than-normal temperatures. January futures closed at $3.076 on the New York Mercantile Exchange, marking an 8.5% decrease. In the current price context, one has to consider the existing natural gas supply surplus and the lingering uncertainty associated with it. With inventories remaining above both last year’s levels and the five-year average, the trend remains bearish. Investors must remember that natural gas prices dipped to a four-month low of $1.88 in late August, underscoring the market's ongoing volatility.\nThe Road Ahead for Natural Gas\nThe natural gas market continues to struggle with oversupply, along with shifts in weather and production dynamics. As such, investors should remain cautious. Focusing on fundamentally strong stocks like Cheniere Energy, Coterra Energy and EQT Corporation — each carrying a Zacks Rank #3 (Hold) — may offer more stability amid the uncertainty.You can see the complete list of today’s Zacks #1 Rank stocks here.Cheniere Energy: Being the first company to receive regulatory approval to export LNG from its 2.6 billion cubic feet per day Sabine Pass terminal, Cheniere Energy enjoys a distinct competitive advantage.Cheniere Energy beat the Zacks Consensus Estimate for earnings in three of the last four quarters and missed in the other. The natural gas exporter has a trailing four-quarter earnings surprise of roughly 87.5%, on average. LNG shares have moved up 28.3% in a year.Coterra Energy: It is an independent upstream operator primarily engaged in the exploration, development and production of natural gas. Headquartered in Houston, TX, the firm owns some 183,000 net acres in the gas-producing Marcellus Shale of the Appalachian Basin. The company’s share of natural gas in its overall production is around 65%.Coterra’s expected earnings per share growth rate for three to five years is currently 10.1%, which compares favorably with the industry's growth rate of 8.3%. Valued at around $18.4 billion, CTRA has edged up 0.3% in a year.EQT Corporation: EQT holds the position of being the largest natural gas producer in the domestic market based on average daily sales volumes. With a primary emphasis on the Appalachian Basin, spanning Ohio, Pennsylvania and West Virginia, the company’s share of natural gas in its overall production/sales is more than 90%.EQT beat the Zacks Consensus Estimate for earnings in each of the last four quarters. The natural gas producer has a trailing four-quarter earnings surprise of roughly 56%, on average. EQT shares have moved up 17.5% in a year.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nEQT Corporation (EQT) : Free Stock Analysis Report\nCheniere Energy, Inc. (LNG) : Free Stock Analysis Report\nCoterra Energy Inc. (CTRA) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2490776504"}