BUZZ-Natgas stocks fall as market stabilizes, investors weigh Middle East supply risks
Reuters03-05
BUZZ-Natgas stocks fall as market stabilizes, investors weigh Middle East supply risks
** Shares of U.S. natural gas companies down, tracking a fall in natgas futures NGA/
** U.S. natgas futures NGc1 down 3.5% at $2.95 per million British thermal unit
** Natgas prices fall as the market stabilized after hitting an over one-week-high in the previous session, while investors assessed Middle East supply risks amid the U.S.-Israeli war on Iran
** Natgas companies fall: EQT Corp EQT.N down 1.5%, Cheniere EnergyLNG.N dips ~1% and New Fortress Energy slides 2.9%
** Energy Transfer ET.N and Williams Companies WMB.N down marginally
** ETFs: United States Natural Gas Fund UNG.P down 5% and ProShares Ultra Bloomberg Natural Gas BOIL.P falls 9.6%
(Reporting by Pooja Menon in Bengaluru)
((Pooja.Menon@thomsonreuters.com;))
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