Natgas firms fall on warmer weather forecasts

Tellurian

13/02/2024 16:47

** Shares of natural gas companies fall, as natgas futures
 NGc1  drop 4.86%
    ** Natgas prices fall to a fresh 3-1/2-year low on
near-record output, ample amounts of fuel in storage and
forecasts for warmer weather and less heating demand next week
than previously expected  NGA/ 
    ** Producers CNX Resources  CNX.N  and EQT  EQT.N  down 2.1%
and ~2.2%, respectively
    ** LNG firms New Fortress Energy Inc  NFE.O  and Tellurian
 TELL.A  fall 2.4% and 2.6%, respectively
    ** ETFs United States Natural Gas Fund  UNG.P  and ProShares
Ultra Bloomberg Natural Gas  BOIL.P  down 4.1% and 6%,
respectively

 (Reporting by Roshia Sabu in Bengaluru)
 ((Roshia.Sabu@thomsonreuters.com))