Natural gas–weighted stocks and crude oil
These stocks had the least correlation with oil prices over this time period:
- Rice Energy: 15.2%
- Gulfport Energy (GPOR): -25.8%
Natural gas–weighted stocks followed oil last week
Between May 30, 2017, and June 6, 2017, most of these natural gas–weighted stocks had higher correlations with crude oil compared to natural gas. It explains how crude oil impacts the entire energy sector.
Natural gas production takes important cues from crude oil prices. However, over the long term, natural gas could be crucial for these natural gas–weighted stocks.
In the next part of this series, we’ll analyze the returns of these natural gas–weighted stocks.