VelocityShares 3x Long Natural Gas ETN
Latest VelocityShares 3x Long Natural Gas ETN News and Updates
ConocoPhillips Is Nearing the $40 Price Level
ConocoPhillips stock is nearing its psychologically important price level of $40. It hasn’t been able to break above this level since January 5.
Behind the Natural Gas Price Forecasts for 2016 and 2017
In its March report, the EIA stated that the US natural gas supply-demand gap could average 2.89 Bcf per day in 2016 and rise to 4.05 Bcf per day in 2017.
Natural Gas Prices Driving Chesapeake Energy Stock in 2017
Chesapeake Energy’s (CHK) 2016 debt management efforts included a combination of debt exchanges, open market repurchases, and equity-for-debt exchanges.
Decoding US Natural Gas Inventories by Region
The EIA estimates that US natural gas inventories will be ~4.0 trillion cubic feet by the end of October 2016, which is the start of the 2016–2017 heating season.
Could Crude Oil Prices Give Chesapeake Stock a Much-Needed Boost?
Chesapeake Energy (CHK) stock has been choppy in the last few weeks, and its stock has been following the movements in energy prices. Since the beginning of 2017, CHK stock has fallen 28%.
Why Analysts Have a ‘Hold’ Rating for Canadian National Railway
There are 21 analysts covering CNI. Of those, only five, or 24.0%, have a “buy” rating for the stock.
How Has Cabot Oil & Gas Stock Performed in 2017?
Unlike most energy stocks, Cabot Oil & Gas (COG) stock has increased this year. Since January, Cabot Oil & Gas stock has risen ~10%.
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%.
What’s the Latest News on Chesapeake Energy Stock?
Chesapeake Energy (CHK) stock increased 18.5% in the week ending May 15. The stock was supported by higher crude oil prices (DBO) (UCO).
How Union Pacific’s Carloads Compared with Overall US Railroads
In the week ended December 3, Union Pacific’s (UNP) overall railcars fell 2.6% to 95,000-plus units from ~98,000 units in the corresponding week of 2015.
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.
Comparing Union Pacific’s Carloads
Union Pacific’s carloads In the western United States, Union Pacific (UNP) competes with BNSF Railway, which is owned by Berkshire Hathaway (BRK-B). In the week ended February 18, 2017, UNP’s overall railcar volumes grew 7.2% YoY (year-over-year) to ~96,000 units. Railcar volumes, excluding coal and coke, rose 1.8% YoY to 70,000 units, compared with 69,000 units in […]
Natural Gas Prices Are Trading near the Key Support Again
Natural gas futures contracts for October delivery fell for the second day. Natural gas prices have been fluctuating within a trading range for the last two months.
Southwestern Energy Has a Higher Correlation with Natural Gas
For the week ending March 16, Southwestern Energy stock had a high correlation of ~79% with natural gas (UGAZ).
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.
Natural gas prices rallied again on cold weather conditions
Natural gas April futures contracts closed near the day’s high—up by 0.99% on February 27, 2015. The total volume for the day was at 107,303 contracts.
How Did BNSF’s Traffic Fare in Week Ending July 16?
BNSF Railway’s total railcars for the week ended July 16, 2016, fell by 1.8% to 99,000 units compared with 100,000 plus units on a year-over-year basis.
How long will the weather batter natural gas prices?
Natural gas prices are in a long-term downward trend, driven by estimates of a huge supply outweighing demand from mid-November 2014.
How Natural Gas Prices Have Supported Chesapeake Energy
2016 has been good for natural gas prices (UGAZ). Prices have risen ~34% year-over-year.
What Factors Drove the Major Coal Company Stocks in 1Q16?
Uncertainty surrounding the recovery of coal prices and the enactment of environmental regulations such as the Clean Power Plan impacted coal stocks in 1Q16.
Natural gas prices rally on bullish inventory withrawals
A bull-bear battle in February 2015 has caused natural gas prices to rise and fall repeatedly. The bull isn’t out of fight yet.
Other than Coal Commodities Drove Union Pacific’s Carloads Higher
In the reported week, UNP’s combined coal (ARLP) and coke carloads fell 8.1% on a year-over-year basis.
Natural Gas Prices Are Trading near the Support Level
Lower natural gas prices, demand from power plants, and warm weather could support natural gas prices. The next resistance is seen at $3 per MMBtu.
Natural gas prices declined more than 5% in a single day
Colder weather conditions and gas glut led to volatility in natural gas prices in February 2015. The EIA reported the weekly gas in storage on March 6, 2015.
These Commodities Boosted Kansas City Southern’s Carloads
Kansas City Southern’s carloads Over the past few weeks, US-Mexico railroad Kansas City Southern (KSU) has seen higher freight volumes year-over-year. In the week ended November 18, 2017, KSU’s carload traffic stood at 26,600 units, up 5.7% from the 25,200 units it reported in the week ended November 19, 2016. Whereas many US railroads reported volume losses, Kansas City […]
Chesapeake Energy’s Stock Fell after 3Q17 Earnings
After Chesapeake Energy’s (CHK) 3Q17 earnings release on November 2, 2017, its stock fell ~7.6%.
Which Commodity Groups Drove Union Pacific’s Carloads Higher?
In the reported week, UNP’s combined coal (ARLP) and coke carloads fell 7.7% on a year-over-year basis. UNP’s coal revenues fell ~20% in 3Q16.
Which Commodities Pulled Down CSX’s Freight Volumes in Week 48?
CSX registered a 0.6% gain in intermodal volumes in week 48 of 2017.
How Do Union Pacific’s Carloads Compare with Industry Volumes?
In the week ended July 23, Union Pacific’s total railcars declined by 6.3% to 94,000 units from ~100,000 units in the corresponding week of 2015.
A Look at Union Pacific’s Carloads in the 4th Week of 2017
Union Pacific’s carloads In the western United States, Union Pacific (UNP) competes with BNSF Railway, which is owned by Berkshire Hathaway (BRK-B), In the week ended January 28, 2017, UNP’s overall railcar volumes contracted 0.5% to ~95,000 units, flat compared with the volumes reported in the corresponding week of 2016. Railcar volumes, excluding coal and coke, […]
Chesapeake Energy Stock: What’s Holding It Down?
Chesapeake Energy (CHK) stock has fallen ~26.0% since the beginning of 2017.
How Crude Oil Prices and 2Q17 Earnings Are Driving WLL Stock
Whiting Petroleum (WLL) stock has been under pressure for most of this year. WLL stock has fallen ~60% since the beginning of 2017.
US Natural Gas Consumption: Bullish or Bearish for Prices?
The EIA estimated that monthly US natural gas consumption rose by 19 Bcf per day to 91 Bcf per day in December 2016—compared to the previous month.
How BNSF’s Carloads Compared to Rival Union Pacific
BNSF Railway’s (BRK-B) total railcars for the week ended December 10, 2016, fell 5.5% to ~95,000 units, compared to ~100,000 units on a year-over-year basis.
How BNSF’s Carloads Compare to UNP’s
BNSF Railway’s total railcars for the week ended July 9, 2016, fell by 11% to 85,000 plus units compared with 96,000 plus units on a year-over-year basis.
Natural gas at $2.65 levels seems more likely than $2.75 levels
Natural gas April futures trading on NYMEX closed at $2.732 per MMBtu on March 10, 2015. This was the fifth up day in the past ten days.
Stone Energy’s Stock Performance in 2018
Stone Energy stock has increased the most among our top five companies. Stone Energy stock has risen 60% YoY (year-over-year).
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 […]
Behind the Slump in CSX’s Carloads
In the week ended June 4, 2016, CSX’s carloads, excluding coal and coke, fell by 13.4%—somewhat higher compared with NSC’s volumes in the same category.
How Union Pacific’s Carloads Compare to the Industry
In the week ended August 27, 2016, Union Pacific’s railcar volumes declined by 6.9%, at 98,000-plus units from 105,000-plus units in the corresponding week in 2015.
These Commodity Groups Boosted Union Pacific’s Carloads Last Week
In the week ended February 25, 2017, UNP’s overall railcar volumes grew 5.4% YoY to ~95,000 units.
Natural Gas Prices Are Trading within a Downtrend Channel
November natural gas futures contracts are trading in a downward trending price channel. Weather and inventory data have been driving natural gas prices.
How Hedge Funds Feel about Natural Gas Right Now
On September 29, the CFTC (U.S. Commodity Futures Trading Commission) is slated to release its weekly “Commitment of Traders” report.
What Boosted Canadian Pacific’s Railcar Traffic in Week 2
Canadian Pacific’s railcar traffic Calgary-based Canadian Pacific Railway (CP) posted a marginal gain of 0.6% in its carload traffic in the week ended January 13, 2018, from 29,000 carloads in the week ended January 14, 2017, to 29,300 units. The company’s volume growth was in tune with that of US railroads but contrasted with the decline […]
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.
Natural Gas Prices Are Trading within a Narrow Channel
The slowing natural gas inventory and warm weather could support natural gas prices. The nearest resistance for natural gas is seen at $3 per MMBtu.
Changing Winds in 2017 for Upstream Companies: Capex on the Rise
Capex increase in 2017 As we saw in the previous part, OPEC’s (Organization of Petroleum Exporting Countries) November announcement was a catalyst to turning around commodity prices (USO) (UCO) (UNG) (UGAZ), especially oil prices. Global investment in 2017 A Wood Mackenzie report noted that “the global investment cycle will show the first signs of growth […]
Carloads Volume: Union Pacific versus BNSF Railway
Union Pacific’s carloads Union Pacific (UNP) competes with BNSF Railway, owned by Berkshire Hathaway (BRK-B), in the western United States. In the week ended December 17, 2016, UNP’s overall railcars fell 7.5% to 89,000 units from 96,000 units in the corresponding week of 2015. Railcars, excluding coal and coke, fell 6.7% to around 67,000 units […]
Energy Calendar: Analyzing Key Oil and Gas Drivers
The energy sector contributed to ~6.6% of the S&P 500 on March 31, 2017. Oil and gas producers’ earnings depend on crude oil and natural gas prices.
Comparing BNSF Railway’s Carload Traffic with the Industry in Week 48
BNSF Railway saw a double-digit rise in its intermodal volumes in the 48th week of 2017.
Will US Natural Gas Futures End 2017 on a Low Note?
January US natural gas (UGAZ) futures contracts were below their 100-day, 50-day, and 20-day moving averages on December 21, 2017.
Natural gas prices decline on bearish inventory data
April futures contracts for natural gas prices settled at $2.697 per MMBtu (million British thermal units) on Thursday, February 26.
Freight Rail Traffic: CSX Lags behind Peers in Week 49
CSX’s carloads in Week 49 In 2017, among all Class I railroads, Jacksonville-headquartered CSX (CSX) has consistently reported lower YoY (year-over-year) freight volumes. The week ended December 9 was a no exception. In that week, CSX reported a 1.8% decline in carload traffic. CSX’s carload volumes fell to ~71,000 units from ~72,100 carloads in the week ended […]
US Crude Oil Prices Could Pressure Natural Gas Futures
Baker Hughes is scheduled to release its US crude oil and natural gas rig count report on November 11, 2017.
Natural Gas Prices Rise from the Key Psychological Level
Natural gas futures contracts for October delivery rose for the second day. Natural gas prices have been in a narrow price channel of $2.65–$2.75 per MMBtu.
How Do Natural Gas Inventories Impact Prices?
According to data from the EIA on December 8, 2016, natural gas inventories fell by 42 Bcf during the week ending December 2, 2016.
Decoding US Natural Gas Inventories by Region Last Week
The EIA estimates that US natural gas inventories will be at 1,940 Bcf by the end of March 2017—20.0% higher than the five-year average.
US Natural Gas Futures Could Continue to Fall
Hedge funds’ net long positions in US natural gas futures (UGAZ) (UNG) and options contracts were at 5,318 for the week ending January 2, 2018.
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.
Markets Crash in 1Q – April Fool’s
Decent earnings combined with low expectations are fueling rally after rally – not to mention the ever elusive promise of a China deal.
How Will Noble Energy Fare in Q2 2018?
Noble Energy (NBL) plans to report its Q2 2018 earnings on August 3. The company’s Q2 revenue estimate stands at $1.13 billion.
Cabot Oil & Gas’s Recent Stock Performance
Unlike its oil-weighted peers, Cabot Oil & Gas (COG) hasn’t risen much this year. The natural gas–weighted company’s stock has declined 4.5% YoY.
Key Update: Anadarko Petroleum’s DJ Basin Operations
Anadarko Petroleum’s (APC) DJ Basin upstream operations are to receive $1 billion–$1.5 billion in capex this year. Per Anadarko Petroleum management, free cash flow from the region is expected to surpass $1 billion.
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.
ConocoPhillips’s Pre-Earnings Wall Street Ratings
On January 24, 2018, Reuters reported that 23 analysts had made recommendations on ConocoPhillips (COP).
Will Southwestern Energy Stock Start a New Rally in 2018?
For the week ending December 29, Southwestern Energy stock rose ~4.9% from $5.32 to $5.58. The stock rose in the first three trading sessions of the week.
How CSX’s Freight Volumes Moved in Week 50
Jacksonville-based Eastern US rail giant CSX (CSX) has lost volumes to rival Norfolk Southern (NSC) in 2017.
Why EQT’s Normalized Free Cash Flow Is Improving
As we saw in part one of this series, EQT (EQT) had normalized free cash flows of ~5% in the first nine months of 2017, the fifth highest among crude oil (USO) and natural gas (UNG) (UGAZ) producers we have been tracking.
Will US Natural Gas Futures and the S&P 500 Diverge?
January natural gas (GASL) (UNG) futures contracts trading in NYMEX fell 1.1% to $2.68 per MMBtu (million British thermal units) on December 14, 2017.
Why Southwestern Energy Has High Correlation with Natural Gas
Southwestern Energy (SWN) stock has fallen more than 9% in the last five trading sessions.
Is US Natural Gas Production Helping Natural Gas Bears?
US dry natural gas production fell by 0.5 Bcf per day or 0.7% to 76.2 Bcf per day on November 30–December 6, 2017, according to PointLogic.
US Natural Gas Prices Could Underperform the S&P 500
An unexpected increase in US natural gas inventories during the withdrawal season pressured natural gas (FCG) (GASL) prices on December 7, 2017.
Production Cut Extension Could Influence US Natural Gas Rigs
Baker Hughes, a GE company, is scheduled to release its US crude oil and natural gas rig count report on December 1, 2017.
US Natural Gas Inventories Have Fallen 8% from Last Year
The EIA estimated that US natural gas inventories fell by 46 Bcf (billion cubic feet) or 1.2% to 3,726 Bcf on November 10–17, 2017.
Cold Weather Might Be the Turning Point for Natural Gas Bulls
NYMEX natural gas (GASL) (FCG) futures contracts for December delivery rose 0.6% to $3.21 per MMBtu in electronic trading at 1:10 AM EST on November 10.
How Is US Natural Gas Production and Consumption Trending?
PointLogic estimates that weekly US dry natural gas production rose by 0.9 Bcf (billion cubic feet) per day to 74.6 Bcf per day between October 19 and October 25, 2017.
Is US Natural Gas Production Bearish for Natural Gas?
US dry natural gas production will likely average ~73.6 Bcf/d in 2017. It will likely rise by 4.9 Bcf/d or 6.6% to 78.5 Bcf/d in 2018.
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.
Analyzing Southwestern Energy’s 3Q17 Revenue Expectations
For 3Q17, Wall Street analysts expect Southwestern Energy (SWN) to report revenues of ~$759 million.
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.
Is Sanchez Energy Repeating an Old Debt Mistake?
Since 1Q16, crude oil (USO)(SCO) prices have risen from lows of $26.05 per barrel to $49.30 per barrel as of September 13.
This US Railroad Saw Highest Rise in Coal Revenue in 2Q17
The above graph shows that the smallest Class I US railroad, Kansas City Southern (KSU), posted the highest rise in 2Q17 revenues.
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.
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.
What’s Been Driving Whiting Petroleum’s Stock Recently?
Whiting Petroleum (WLL) stock has fallen 65% since the beginning of this year.
How Genesee and Wyoming’s Volumes Trended in July 2017
In July 2017, Genesee and Wyoming recorded a slight decline in its North American traffic YoY (year-over-year).
Why Noble Energy Stock Fell after the 2Q17 Earnings Release
Following Noble Energy’s (NBL) 2Q17 earnings release on August 3, Noble Energy stock fell 8%. Since the beginning of this year, NBL’s stock has fallen 33.54%.
US Natural Gas Consumption Hit a 2-Year Low
The EIA estimates that US natural gas consumption will average 72.86 Bcf per day in 2017 and 75.6 Bcf per day in 2018.
Behind General Electric’s 2Q17 Revenue Slump
GE proved analysts wrong by surpassing their 2Q17 revenue estimates of $28.9 billion. However, the most vivid aspect of its results was the 12% fall in its quarterly revenue.
What’s Up with Apache Stock this Year?
Apache Corp. (APA), like many energy stocks, has been on a downtrend for most of the year. APA’s stock has fallen ~23% since the beginning of this year.
Understanding EQT’s Recent Stock Performance
EQT Corporation (EQT) stock has been one of the better-performing stocks this year, although the stock has seen a bit of downward momentum.
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.
Why Colombian Exports Could Improve in 2017
After a disappointing 1Q17 GDP figure in Colombia, economic activity was expected to gradually gain strength in 2017.
Can Chesapeake Energy Stock Find Its Way Up?
After falling to $4.74, its lowest this year, on June 8, 2017, Chesapeake Energy (CHK) stock now seems to be slowly inching upwards.
Behind BNSF Railway’s Double-Digit Volume Rise in Week 19
BNSF Railway operates in the Western United States and competes primarily with Union Pacific (UNP). Its total railcars for the week ended May 13, 2017, rose 11.6% year-over-year.
BNSF Railway: Rise in Coal Volumes Pushed Carloads in Week 18
BNSF Railway’s total railcars for the week ended May 6, 2017, rose 11.3% year-over-year to 88,600 units, compared with ~80,000 units in the corresponding week of 2016.
How Anadarko Petroleum Stock Reacted after 1Q17 Earnings
Following Anadarko Petroleum’s (APC) 1Q17 earnings release on May 2, 2017, APC stock fell ~0.70% and continued to fall in after-market trading.
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.