BUZZ-US natgas companies fall on milder weather forecasts, near-record output

Reuters12-15 23:11
BUZZ-US natgas companies fall on milder weather forecasts, near-record output

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

** U.S. natgas futures NGc1 down 0.4% at $4.095 per million British thermal unit

** Natgas prices fall on forecasts for milder weather over the next two weeks than previously expected, near-record output, ample amounts of gas in storage, and recent declines in gas prices around the world

** Shares of natgas companies: CNX Resources CNX.N, Cheniere Energy LNG.N and Energy Transfer ET.N down ~1%, Williams Companies WMB.N down 1.4%

** ETFs: United States Natural Gas Fund UNG.P down 2.5% and ProShares Ultra Bloomberg Natural Gas BOIL.P down 5%

(Reporting by Dharna Bafna)

((Dharna.bafna@thomsonreuters.com))

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