BUZZ-Natgas companies gain on record LNG exports, supply concerns

Reuters03-11
BUZZ-Natgas companies gain on record LNG exports, supply concerns

** Shares of U.S. natural gas companies rise, as natgas prices hit their highest level in more than two years NGA/

** U.S. natgas futures NGc1 up 2.1%, at $4.49 per million British thermal units (mmBtu), after hitting their highest level since December of 2022 earlier in the session

** Natural gas prices were supported by record flows to liquefied natural gas $(LNG)$ export facilities and supply concerns ahead of the summer season

** Natgas firms CNX Resources CNX.N and EQT Corp EQT.N up 1.8% and 1%, respectively

** ETFs - United States Natural Gas Fund UNG.P up 2.6% and ProShares Ultra Bloomberg Natural Gas BOIL.P rises 5%

(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.

Comments

We need your insight to fill this gap
Leave a comment