Natgas companies gain on colder weather forecasts

Ovintiv

21/11/2024 15:52

(Updates)
    ** Shares of U.S. natural gas companies rise, tracking
higher prices of the fuel
    ** Front-month gas futures  NGc1  hit their highest level in
more than one year on forecasts of colder weather and rising
flows to liquefied natural gas export plants 
    ** Natural gas producers CNX Resources  CNX.N , Expand
Energy  EXE.O , Coterra Energy  CTRA.N  and EQT Corp  EQT.N 
rise between 1.4% and 2%
    ** Liquefied natural gas firms New Fortress Energy  NFE.O 
and Energy Transfer  ET.N  rise 1.6% and 2.1%, respectively

 (Reporting by Sourasis Bose in Bengaluru)
 ((Sourasis.bose@thomsonreuters.com))