BUZZ-US natgas companies fall as mild weather trims demand

Reuters12-10
BUZZ-US natgas companies fall as mild weather trims demand

** Shares of U.S. natural gas companies down, tracking a fall in natgas futures NGA/

** U.S. natgas futures NGc1 down 2.7% at $4.78 per million British thermal unit

** Natgas prices fall to a one-week low on forecasts for less cold weather and demand over the next two weeks than previously expected, near-record output, ample amounts of gas in storage and lower prices around the world

** Limiting losses was an increase in the amount of gas flowing to liquefied natural gas $(LNG)$ export plants to near record levels

** Shares of natgas companies: CNX Resources CNX.N down marginally, NextDecade NEXT.O falls 1.3% and New Fortress Energy NFE.O dips 1.1%

** ETFs United States Natural Gas Fund UNG.P down 2.1%, and ProShares Ultra Bloomberg Natural Gas BOIL.P falls 3.7%

(Reporting by Pooja Menon in Bengaluru)

((Pooja.Menon@thomsonreuters.com))

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