The U.S Natural Gas Fund expanded today to the leading position in its 27-month history as investors snapped up the last of its shares and it awaited government approval to issue more units. For full story, click here
AMP Capital Investors, with $95 billion under management declared that it is selling oil futures to purchase natural gas contracts in anticipation of an imminent price spike. For full story, click here
Ghana National Petroleum Corp., the state-run agency which manages the country’s oil and gas industry, declared that it’s seeking investors to help fund a $1 billion natural gas processing plant. For full story, click here
The US natural gas market is well known for its volatility, with minor shifts in the balance of supply and demand producing big movements in prices. But the violence of recent price moves has still taken many investors by surprise. For full story, click here
Amid speculation of a postal strike in the UK, London-listed Imperial Energy has asked its shareholders to accept the ONGC offer “as early as possible”. Priced at 1,250 pence a share. For full story, click here
With winter coming, investors are given with a trading chance in natural gas stocks. But the duration of this trade depends on the severity of winter weather. Citigroup analyst Gil Yang, said: With rig count dropping and colder weather approaching, natural gas prices are likely to see a near-term rebound carrying the natural gas heavy companies along, [...]
By Duncan Sutherland – Exclusive to Gas Investing News Market news The high US$6 – mid US$7 NYMEX future price seems to be relatively stable given the incredible volatility of other commodities and market indices. Though this stability is preventing gas investors from riding the same emotional rollercoaster that most other investors have boarded, it [...]
The oil and gas space got a rare lift as glowing results reports encouraged investors back into the sector. For full story, click here
By Duncan Sutherland – Exclusive to Gas Investing News Market News: It seems as if natural gas futures have hit a band of support in the $7.25-$7.50 range, which is good news for investors as winter approaches. Structural factors suggest that natural gas will become dearer in winter, especially if the current low prices have [...]
By Duncan Sutherland – Exclusive to Gas Investing News Market News: The American Energy Information Administration (the U.S. Government’s register of official energy statistic) is still forecasting an increase in home heating costs over the winter. The EIA did note that its figures were subject to change as new information about the extent of the [...]
Thursday, July 9, 2009