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What’s Dragging Down Cabot Oil & Gas Stock?
Year-to-date, Cabot Oil & Gas (COG) has been the fifth-weakest energy stock from the US oil and gas production sector.
Will Range Resources Stock Start a New Uptrend?
For the week ending March 9, 2018, Range Resources (RRC) stock rose more than 7% or from $14.65 to $15.74.
Why Southwestern Energy’s Revenues Grew in 4Q17
For 4Q17, Southwestern Energy (SWN) reported revenues of ~$809 million—higher than Wall Street analysts’ consensus of ~$803 million.
What Caused Range Resources’ Revenue Growth in 4Q17
Range Resources’ 4Q17 revenue In 4Q17, Range Resources (RRC) reported revenue of ~$600 million, lower than Wall Street analysts’ estimate of ~$626 million. RRC’s revenue rose ~24% from its 3Q17 revenue of ~$482 million and ~2% from its 4Q16 revenue of ~$590 million. Reasons behind Range Resources’ higher revenue in 4Q17 Range Resources’ higher revenue could be attributed […]
S&P 500 and US Natural Gas Futures Next Week
NYMEX natural gas futures contracts for March delivery fell 0.27% to $2.58 per MMBtu on February 15, 2018.
Chesapeake Energy’s Poor Performance in 2017: What’s to Blame?
In 2017, Chesapeake Energy (CHK) turned out to be the second-worst-performing energy stock of the Energy Select Sector SPDR ETF (XLE).
Is Southwestern Energy Following Natural Gas Price Movements?
As we saw in the previous part of this series, Southwestern Energy’s (SWN) stock price decreased strongly by ~6.0% for the week ended January 19. Natural gas (UGAZ)(DGAZ)(UNG) prices fell marginally by ~0.5%.
US Natural Gas Futures Could End This Week on a Bullish Note
US natural gas (UNG) futures contracts for February delivery are above their 20-day, 50-day, and 100-day moving averages on January 19, 2018.
US Natural Gas Production and Consumption Could Impact Prices
According to PointLogic, US dry natural gas production increased by 0.3 Bcf (billion cubic feet) per day to 75.7 Bcf per day on January 11–17, 2018.
Why US Natural Gas Traders Are Tracking OPEC’s Production
Baker Hughes, a GE company, released its weekly US natural gas rigs report on January 19, 2018. Natural gas rigs increased by two to 189 on January 12–19.
Record Withdrawal in US Natural Gas Inventories
US natural gas inventories fell by 359 Bcf (billion cubic feet) to 2,767 Bcf between December 29, 2017, and January 5, 2018, according to the EIA.
US Natural Gas Production Could Pressure Prices in 2018
According to PointLogic, US dry natural gas production fell 3.7% to 74 Bcf (billion cubic feet) per day between December 28, 2017, and January 3, 2018.
OPEC Could Pressure US Natural Gas Prices in 2018
US natural gas rigs rose 35% in the last 12 months, while US natural gas prices (UNG) fell 20% during this period.
Will US Natural Gas Inventories Support Prices This Week?
A Reuters poll estimates that US natural gas inventories could have fallen by 332 Bcf (billion cubic feet) between December 29, 2017, and January 5, 2018.
Which Energy Commodity Is Rising in the New Year?
For the week starting January 1, 2018, crude oil prices have risen ~2%, from last week’s close of $60.42 per barrel to $61.63 per barrel on January 3, 2018.
Southwestern Energy Followed Natural Gas to the Upside Last Week
Southwestern Energy’s (SWN) stock price rose ~4.9% for the week ending December 29. Even natural gas (UGAZ) (DGAZ) (UNG) prices moved to the upside.
Crude Oil Prices Could Pressure US Natural Gas Prices in 2018
Baker Hughes released its US natural gas rig count report on December 29, 2017. Natural gas rigs fell by two or 1.1% to 182 on December 22–29, 2017.
Natural Gas Inventories Could Help US Natural Gas Prices
A larger-than-expected withdrawal in US natural gas inventories compared to historical averages would help natural gas prices this week.
US Natural Gas Production Could Help Natural Gas Bears
According to PointLogic, US dry natural gas production rose 0.9% to 76.8 Bcf (billion cubic feet) per day on December 14–20, 2017.
US Natural Gas Inventories Fell Last Week
US natural gas inventories fell by 182 Bcf (billion cubic feet) to 3,444 Bcf on December 8–15, 2017, according to the EIA.
Which Energy Commodity Rose the Most this Week?
This week, unleaded gasoline (UGA) prices are leading the rise in energy commodities. Gasoline prices rose very strongly from last week’s close of $1.655 per gallon on December 15 to $1.745 per gallon on December 20, an increase of ~5.4%.
Will US Natural Gas Futures Fall More?
US natural gas (GASL) futures contracts for January delivery were below their 20-day, 50-day, and 100-day moving averages on December 14, 2017.
US Natural Gas Inventories: Smallest Fall since 2015
US natural gas inventories fell by 69 Bcf (billion cubic feet) or 1.8% to 3,626 Bcf on December 1–8, 2017, according to the EIA.
Why Southwestern Energy Has High Correlation with Natural Gas
Southwestern Energy (SWN) stock has fallen more than 9% in the last five trading sessions.
Pioneer Natural Resources: A Low-Leverage Upstream Company
As of 3Q17, Pioneer Natural Resources’ (PXD) net debt-to-EBITDA is on the lower side when compared with the trailing four quarters.
Crude Oil Prices Add More Concerns for Gas Rigs and Prices
Baker Hughes will publish its US natural gas rig count report on December 8, 2017. Gas rigs rose by four to 180 on November 22–December 1, 2017.
Unexpected Rise in US Natural Gas Inventories
The EIA estimated that US natural gas inventories rose by 2 Bcf (billion cubic feet) to 3,695 Bcf on November 24–December 1, 2017.
US Natural Gas Futures Feel the Heat Due to the Weather
US natural gas futures contracts for January delivery rose 0.79% to $3.05 per MMBtu (million British thermal units) at 1:20 AM EST on December 1, 2017.
What Could Drive US Natural Gas Futures Next Week?
The CFTC reported that hedge funds’ net long positions in US natural gas futures and options contracts rose by 33,734 contracts to 75,297 on November 7–14.
Natural Gas: OPEC’s Meeting Could Impact Supply and Demand
US natural gas production rose by 0.3 Bcf (billion cubic feet) per day to 75.9 Bcf per day on November 9–15, 2017. Production rose 0.4% week-over-week.
Weather Could Help Natural Gas Bulls Next Week
The weather is expected to be colder than normal next week. High demand could have a bullish impact on natural gas prices.
Are US Natural Gas Inventories Bullish for Natural Gas Futures?
The EIA estimates that US gas inventories rose by 15 Bcf (billion cubic feet) or 0.4% to 3,790 Bcf on October 27–November 3, 2017.
World Bank Thinks US Natural Gas Prices Could Rise in 2018
World Bank expects that US natural gas prices could average $3.1 per MMBtu in 2018, which would be 4% higher than the average level in 2017.
What Could Impact Natural Gas Futures?
PointLogic estimates that US dry natural gas production rose by 0.9 Bcf (billion cubic feet) per day to 75.5 Bcf per day on October 26–November 1, 2017.
US Natural Gas Inventories Could Help Natural Gas Futures
The EIA reported that US natural gas inventories rose by 65 Bcf (billion cubic feet) to 3,775 Bcf on October 20–27, 2017.
Will the Weather Push Natural Gas Prices Higher?
December natural gas (UNG) (BOIL) futures contracts rose 2.4% to $3.05 per MMBtu in electronic exchange at 1:07 AM EST on November 6, 2017.
How Weather Forecasts Are Affecting US Natural Gas Futures
December natural gas (BOIL) (FCG) futures contracts fell 0.29% to $3.04 per MMBtu (or million British thermal units) in electronic exchange at 2:04 AM EST on October 27, 2017.
Marathon Oil’s Cash Flow Could Increase in 3Q17
Wall Street analysts expect Marathon Oil (MRO) to report a higher cash flow of ~$490 million YoY (year-over-year) in 3Q17 from ~$366 million in 3Q16.
Will US Natural Gas Consumption Drive Prices?
US natural gas consumption rose by 7.3 Bcf (billion cubic feet) per to 70.37 Bcf per day in July 2017 compared to August 2017.
Why US Natural Gas Inventories Fell below the 5-Year Average
On October 13, the US Energy Information Administration (or EIA) released its weekly US natural gas inventory report.
Analyzing Southwestern Energy’s 3Q17 Revenue Expectations
For 3Q17, Wall Street analysts expect Southwestern Energy (SWN) to report revenues of ~$759 million.
How US Natural Gas Production and Consumption Are Driving Prices
Market data provider PointLogic estimates that weekly US dry natural gas production fell by 0.2 Bcf (billion cubic feet) per day to 74.3 Bcf per day from September 21 to 27, 2017.
Will US Natural Gas Rig Counts Recover?
Baker Hughes (BHI) is scheduled to release its weekly US crude oil and natural gas rig count report today.
How Weather Is Affecting US Natural Gas Futures
US natural gas (DGAZ)(UGAZ) futures contracts fell 0.3% to $3.00 per MMBtu (million British thermal units) in electronic trading at 2:00 AM EST today.
Why Crude Oil Prices Drive Marathon Oil Stock
The majority of Marathon Oil’s revenues comes from crude oil and NGL sales. The price of crude oil is thus the key driving factor for MRO stock.
Will US Natural Gas Consumption Rise in 2018?
PointLogic estimates that weekly US natural gas consumption rose 11.3% to 57.9 Bcf per day on September 14–20, 2017.
US Natural Gas Rig Count Hit a 9-Week Low
On September 22, 2017, Baker Hughes will release its US natural gas rig count report. The US natural gas rig count fell by one to 186 on September 8–15.
Will the Weather Pressure US Natural Gas Futures?
October US natural gas futures contracts rose 0.4% to $2.96 per MMBtu (million British thermal units) in electronic trading at 2:05 AM EST on September 22.
US Natural Gas Futures Collapsed, S&P 500 Fell
October US natural gas (UNG) (FCG) futures contracts fell 4.5% to $2.95 per MMBtu (million British thermal units) on September 21, 2017.
Why US Natural Gas Prices Could Rise in 2018
The CFTC (U.S. Commodity Futures Trading Commission) is scheduled to release its weekly “Commitment of Traders” report on September 15.
Will US Natural Gas Production Pressure Natural Gas Prices?
Market data provider PointLogic estimates that weekly US dry natural gas production rose by 0.2 Bcf (billion cubic feet) per day to 73.9 Bcf per day from September 7 to 13.
Why US Natural Gas Inventories Are above their 5-Year Average
On September 14, the EIA (U.S. Energy Information Administration) released its weekly US natural gas inventory report.
US Natural Gas Prices: Moving Averages and Price Forecasts
The EIA estimates that US natural gas prices could average $3.06 per MMBtu in 2017—1.4% lower than previous estimates.
US Natural Gas Consumption Reached a 25-Month Low
The EIA estimates that monthly US natural gas consumption rose by 0.11 Bcf per day or 0.2% to 62.77 Bcf per day in June 2017—compared to May 2017.
Will US Natural Gas Inventories Fall below the 5-Year Average?
The EIA reported that US natural gas inventories rose by 30 Bcf (billion cubic feet) to 3,155 Bcf on August 18–25, 2017.
Hurricane Harvey Impacted US Weather and Natural Gas Prices
Hurricane Harvey hit the Gulf Coast region on August 26, 2017. It’s estimated to be one of the biggest hurricanes to hit the US in the last 50 years.
US Natural Gas Futures Are near a 5-Week High
October natural gas (BOIL) (UNG) futures contracts trading on NYMEX rose 2% to $3.04 per MMBtu (million British thermal units) on August 31, 2017.
Will US Natural Gas Futures Rise in September?
Hedge funds reduced their net bullish positions on US natural gas futures and options contracts by 2,511 contracts to 81,683 on August 15–22, 2017.
US Natural Gas Rig Count Is Near a 4-Month Low
Baker Hughes released its US natural gas rig count report on August 25, 2017. The US natural gas rig count fell by two to 180 on August 18–25, 2017.
Why US Natural Gas Futures Fell before Expiry
September US natural gas (UNG) (GASL) futures contracts fell 1.7% to $2.89 per MMBtu on August 25, 2017. The contracts will expire on August 29.
US Natural Gas Futures Are near a 4-Week High
US natural gas active futures hit $1.68 per MMBtu on March 4, 2016—the lowest level in 17 years. Prices hit $3.99 per MMBtu on December 28, 2016.
Will US Natural Gas Futures Fall from Current Levels?
September natural gas futures are above their 20-day and 50-day moving averages of $2.91 and $2.96 per MMBtu (million British thermal units), respectively.
What to Expect from US Natural Gas Inventories
On August 10, 2017, the EIA (U.S. Energy Information Administration) released its weekly US natural gas inventory report.
Will US Weather Pressure or Support Natural Gas Prices?
September US natural gas (DGAZ) (GASL) futures contracts rose 0.1% to $2.98 per MMBtu (million British thermal units) in electronic trading at 1:50 AM EST on August 11, 2017.
US Natural Gas Futures Near 3-Week High: What’s Next?
Natural gas (BOIL) (GASL) futures have risen 7.4% in the last five trading sessions.
US Natural Gas Production Hit a 10-Month High
PointLogic estimates that weekly US dry natural gas production rose 0.1% to 72.8 Bcf (billion cubic feet) per day on July 27–August 2, 2017.
US Natural Gas Inventories Are Slowing
The EIA reported that US natural gas inventories rose by 17 Bcf or 0.6% to 2,990 Bcf on July 14–21. Inventories fell 9.2% from the same period in 2016.
US Weather Could Drive Natural Gas Demand
US natural gas futures contracts for September delivery were trading flat at $2.96 per MMBtu in electronic trading at 1:45 AM EST on July 28, 2017.
Will US Natural Gas Futures Fall Next Week?
September US natural gas (UNG) (UGAZ) (DGAZ) futures contracts rose 1.8% and closed at $2.97 per MMBtu (million British thermal units) on July 27, 2017.
US Natural Gas Production Is near a 2-Year Low
The EIA estimates that monthly US dry natural gas production fell by 2.37 Bcf per day, or 3.2%, to 71.6 Bcf per day in April 2017—compared to March 2017.
Hedge Funds’ Net Long Positions on US Natural Gas Rose
Hedge funds increased their net bullish positions on US natural gas futures and options contracts by 11,617 contracts to 92,583 on June 24–July 4, 2017.
Slowing Natural Gas Inventories Could Drive Prices
The EIA reported that US natural gas inventories rose by 57 Bcf (billion cubic feet) to 2,945 Bcf on June 30–July 7, 2017.
US Natural Gas Futures Could Rise Next Week
August natural gas (UNG) (DGAZ) (UGAZ) futures contracts trading in NYMEX fell 0.67% to $2.96 per MMBtu (million British thermal units) on July 13, 2017.
US Natural Gas Rig Count and Natural Gas Price Forecasts
On June 30, 2017, Baker Hughes (BHI) is scheduled to release its US natural gas rig count report for the week ending June 30, 2017.
Why Natural Gas Traders Track US Weather
US natural gas futures hit a four-week high on June 28, 2017, due to the expectation of a warm summer, which could result in higher demand for natural gas.
Will US Natural Gas Inventories Support Prices?
US natural gas inventories rose by 61 Bcf (billion cubic feet) to 2,770 Bcf on June 9–16, 2017. Inventories fell 10.5% from the same period in 2016.
EIA Downgrades US Natural Gas Price Forecasts
In its June STEO report, the EIA estimates that US natural gas prices could average $3.16 per MMBtu in 2017—0.4% lower than the previous month’s estimates.
US Natural Gas Futures Recovered from a 3-Month Low
NYMEX natural gas (GASL) (DGAZ) futures contracts for July delivery rose 4.3% and settled at $3.06 per MMBtu (million British thermal units) on June 15.
Hedge Funds’ Net Long Position in US Natural Gas Hit a New High
Hedge funds increased their net long position in US natural gas futures and options contracts by 27,776 contracts on May 9–16, 2017—the highest level ever.
Will the US Natural Gas Rig Count Hit a New High in 2017?
On May 26, 2017, Baker Hughes will release its weekly US natural gas rig count report. For the week ending May 19, 2017, rigs rose by eight to 180 rigs.
Why Did US Natural Gas Consumption Hit a 3-Month Low?
The EIA released its monthly STEO report on May 9, 2017. It estimates that US natural gas consumption will average 73.4 Bcf per day in 2017.
Lower Rise in US Natural Gas Inventories Boosted Prices
The EIA reported that US natural gas inventories rose by 45 Bcf (billion cubic feet) to 2,301 Bcf between April 28, 2017, and May 5, 2017.
Will Mild Weather Boost US Natural Gas Prices This Week?
US natural gas futures contracts for June delivery fell 0.2% and were trading at $3.37 per MMBtu in electronic trading at 6:05 AM EST on May 12, 2017.
Will US Natural Gas Futures Test 2016 High?
As of May 4, 2017, June natural gas futures are above their 50-day and 200-day moving averages.
Will US Natural Gas Rig Count Test Previous High?
The US natural gas rig count rose by four to 171 rigs. Rigs were up 2.4% week-over-week and 96.6% year-over-year.
Will Weather Affect US Natural Gas Prices in May 2017?
June natural gas (UGAZ) (UNG) (FCG) futures contracts rose 0.8% and were trading at $3.21 per MMBtu (million British thermal units) in electronic trading at 5:00 AM EST on May 5, 2017.
Slowing US Natural Gas Inventories: Bullish for Prices?
The EIA reported that US natural gas inventories rose by 10.0 Bcf (billion cubic feet) to 2,061 Bcf between March 31, 2017, and April 7, 2017.
Why Natural Gas Prices Rose to a 2-Month High
US natural gas futures contracts for May delivery rose 2.0% and settled at $3.33 per MMBtu on April 6, 2017. It’s the highest since January 27, 2017.
US Natural Gas Prices Are near a 2-Month High
As of March 30, 2017, natural gas prices were 20% below their 12-month highs. Prices fell due to warmer-than-normal weather for this time of the year.
How Much Capital Southwestern Energy Needs for Flat Production
In its 4Q16 earnings call, Southwestern Energy (SWN) said it has raised its 2017 capital spending program to $1.2 billion–$1.4 billion.
Analyzing US Natural Gas Inventories: Week Ending March 10
US natural gas inventories are at 2,242 Bcf for the week ending March 10, 2017—21.4% higher than their five-year average.
Will Weather Forecasts Impress Natural Gas Bulls?
April natural gas (DGAZ) (BOIL) (UNG) futures fell 0.4% and were trading at $2.95 per MMBtu in electronic trading at 3:45 AM EST as of March 17, 2017.
Inventories: Will Bullish Natural Gas Traders Rethink Their Bets?
According to data from the EIA released on March 9, 2017, natural gas (UNG) (FCG) (DGAZ) inventories fell by 68 Bcf during the week ending March 3, 2017.
US Natural Gas Inventories Are Higher than Their 5-Year Average
The EIA reported that US natural gas inventories fell by 68 Bcf (billion cubic feet) to 2,295 Bcf between February 24, 2017, and March 3, 2017.
Is the US Dollar Impacting Natural Gas Prices?
From February 15, 2017, to February 22, 2017, natural gas April futures fell 11.1%. The US dollar (UUP) (UDN) (USDU) didn’t change during that period.
Analyzing Natural Gas Inventories: Week Ending February 10
The EIA estimates that US natural gas inventories will be at 1,805 Bcf by the end of March 2017—3.7% higher than the five-year average.
Analyzing the US Dollar’s Impact on Natural Gas Prices
From February 8, 2017, to February 15, 2017, natural gas March futures fell 6.4%. The US dollar (UUP) (UDN) (USDU) rose 0.9% during that period.
Could Trump Impact US Natural Gas Production?
PointLogic reported that US dry natural gas production was flat at 70.4 Bcf (billion cubic feet) per day between January 25, 2017, and February 1, 2017.
How Does US Natural Gas Consumption Impact Prices?
The EIA estimates that US natural gas consumption could average 75.4 Bcf per day in 2017 and 76.9 Bcf per day in 2018.
US Natural Gas Inventories Impact Natural Gas Prices
The EIA released its weekly natural gas inventory report on January 26. US natural gas inventories fell by 119 Bcf to 2,798 Bcf from January 13–20, 2017.
