What Natural Gas Traders Need to Know
On March 22, 2017, active natural gas futures were trading at a discount of $0.35 to futures contracts 12 months ahead.
According to data from the EIA released on March 16, 2017, natural gas inventories fell by 53 Bcf during the week ending March 10, 2017.
Between March 15 and March 22, 2017, natural gas April futures rose 1%. The US dollar fell 1.1% during that period.
On March 17, 2017, the natural gas rig count was 157, which represents a rise of six rigs over the previous week.
In the past five trading sessions, natural gas April futures have risen 1%, closing at ~$3.01 per MMBtu on March 22, 2017—2.7% lower than the prior session.
Micron Technology (MU) is also allocating ~$1.1 billion on new technology and enablement of 3D XPoint, which it developed in collaboration with Intel (INTC).
Toshiba has a 50-50 joint venture with Western Digital (WDC) under which the companies share the R&D, capital expenditure, and operating expenses of four fabs.
In the fiscal year ended March 2016, Toshiba’s NAND business generated revenues of $7.4 billion and operating profit of $960 million.
PayPal (PYPL) issued a self-imposed target to grow its revenue for the current quarter by 16%–18% over the same period a year ago.
As the originator of digital payments, PayPal faces stiff competition from payment services such as Amazon Payment, Alipay, and JD Finance.
PayPal (PYPL) recently announced a global partnership with Oro, the B2B (business-to-business) e-commerce platform of OroCommerce.
According to PayPal (PYPL), its ~180.0 million active consumer accounts and ~15.0 million active merchant accounts put it head and shoulders above competitors.
PayPal (PYPL) is extending its merchant payment processor service to Indian online travel agency MakeMyTrip.
PayPal’s launch of its new PayPal Business app late last year was a response to an opportunity and a solution to the challenge of the digital payments market.
PayPal (PYPL) recently participated in a funding round that raised $48.0 million for Viva Republic, the parent of Toss, the South Korean payment app.
On March 21, 2017, WTI (West Texas Intermediate) crude oil (UCO) (USO) (OIIL) (SCO) active futures were trading at a discount of $3.60 per barrel to Brent crude oil (BNO) active futures.
Active crude oil (DBO) (OIIL) (USL) futures are now trading at a discount of $2.70 to futures contracts 12 months from now, the highest since January 26, 2017.
US crude oil (DBO) (USL) (OIIL) futures contracts for May delivery fell 0.2% between March 14, 2017, and March 21, 2017.
US commercial crude oil inventories fell ~0.2 MMbbls (million barrels) in the week ending March 10, 2017.
The US oil rig count reached 631 in the week ending March 17, 2017, a 14 rig rise over the previous week, according to data released by Baker Hughes (BHI).