The leading exchange-traded fund for natural gas, so popular that it ran out of shares two weeks ago, has lost 43 percent this year and probably will keep falling until winter, trailing the fuel it’s supposed to track. For full story, click here
At least one option player on Monday has appeared to be taking a bearish stance on an exchange-traded fund tied to the price of natural gas on the view that its shares will dip significantly by October. Andrew Wilkinson, senior market analyst at Interactive Brokers Group in Connecticut, stated: It’s a big bearish play on [...]
At least one option player on Monday appeared to be taking a bearish stance on an exchange-traded fund tied to the price of natural gas on the view that its shares will dip significantly by October. Andrew Wilkinson, senior market analyst at Interactive Brokers Group in Connecticut, stated: It’s a big bearish play on UNG. [...]
Spanish utility Gas Natural declared that it has sold its 5 percent stake in national gas network operator Enagas, sending shares in the operator up 4.6 percent. For full story, click here
Fortune Oil Plc. declared that its sales of natural gas surged 44 percent in the first quarter from the same period last year, helped by a diverse revenue base, sending its shares up 10 percent. For full story, click here
Gas Natural reported that a capital hike of 447.77 million shares to part finance its $22.25 billion purchase of utility Union Fenosa had been 99.9 percent subscribed. For full story, click here
Spain’s Gas Natural announced that it will issue 447.77 million new shares at 7.82 euros each to finance its takeover of Spanish utility Union Fenosa. For full story, click here
Petrolia Drilling ASA announced that its, with reference to the announcement dated June 13, 2008 regarding the completion of a private placement of 13,430,000 new shares. For full story, click here
Shares of oil&gas companies moved higher after the oil ministry said that there has been on decision on rate cuts in oil prices as of now. BSE Oil&Gas Index was up over 3 per cent. For full story, click here
ONGC rose 24 rupees, or 3.7 percent, to 675.10. India’s biggest explorer said oil will return to $100 a barrel, justifying its 1.4 billion-pound ($2.1 billion) takeover of the U.K.’s Imperial Energy Plc. For full story, click here
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