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Natural gas jumps as U.S. temperatures plunge

Published 01/02/2018, 03:48 PM
© Reuters.  Natural gas jumps as U.S. temperatures plunge
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  • The U.S. burned the most natural gas ever yesterday, consuming 143B cf of gas to beat the previous high of 142B cf set four years ago, as record breaking cold temperatures grip the eastern U.S.
  • “This is only the appetizer - the main meal comes over the weekend,” says Judah Cohen, director of seasonal forecasting for Verisk Analytics' Atmospheric and Environmental Research, as the Arctic chill is set to make a comeback by the end of the week.
  • February natural gas futures jumped 3.5% today to settle at a one-month high of $3.056/MMBtu.
  • Nat gas producers are sporting heady gains: ECR +10%, SWN +6.2%, RRC +5.5%, AR +4.1%, CHK +4%, GPOR +3.7%, EQT +3.1%, COG +1%.
  • Earlier: Coal beats competitors for power plant heating in eastern U.S. record cold (Jan. 2)
  • Now read: Chesapeake Energy: What Is Driving The Stock's Weak Performance?


Original article

Latest comments

Nice be long in NG for the next two weeks
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