Natural gas has its best week of 2016–short covering on forecast of a hot summer?
Natural gas futures for May delivery rose 3.5% on Friday to give the commodity a 13% gain for the week. That’s the best performance for natural gas since the week that ended on January 1. At this point and with so much short covering, I’d be very cautious about chasing prices here. This rally is, though, part of a recovery in the sector and I’ve got suggestions for what stocks to watch
No sign yet that anybody is pumping less oil due to lower prices
So far, oil producers in U.S. shale geologies are following the script: In the face of falling oil prices, they’re cutting back on drilling but increasing production. According to Baker Hughes (BHI), the U.S land-based rig count fell by 31 rigs to 1,578 in the week ended on October 10. But companies from Devon Energy to Continental Resources are forecasting 25% or higher increases in production for 2015
This Devon Energy acquisition says you should own Cheniere and Chesapeake in the U.S. energy boom
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Trick or trend: Are natural gas producers the biggest winners from a report favorable to natural gas exports?
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...The oil world turned upside down–and how to invest in the U.S. becoming the top global oil producer by 2017
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...
Buyers and sellers in the deepwater Gulf after BP
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Download Jim’s eBook for Free
