Analyzing US Natural Gas Consumption Trends
PointLogic estimates that US natural gas consumption dropped ~1.4% to 56.7 Bcf per day on May 17–23.
Natural Gas Consumption Decreased in the Week Ending May 1
The EIA’s STEO was released on April 7. It forecasts that total natural gas consumption will average 76.3 Bcf/d in 2015 and 75.8 Bcf/d in 2016.
Hedge Funds’ Net Long Positions in US Natural Gas
Hedge funds decreased their net bullish positions in US natural gas futures and options 1.9% to 186,799 on June 12–19.
Top Upstream Gainers in the Trailing Week
On November 12–19, upstream stock Concho Resources (CXO) gained the most on our list of upstream energy stocks.
Wall Street’s Targets for the Best-Performing Upstream Stocks
We’ll now look at Wall Street’s recommendations for the leading gainers in 2018 from the US oil and gas production, or upstream, sector.
Upstream Losers: JONE, TELL, KOS, LPI, and ERF
In the week starting October 2, 2017, Jones Energy (JONE) has fallen ~9.0%, from $1.92 to $1.74. It has fallen every day so far this week.
Upstream Low Performers: PE, VET, ERF, AREX, and TELL
Having looked at the percentage gainers, we’ll now move on to the percentage losers from the oil and gas production—or upstream—sector in the United States this week.