Natgas firms rise on hotter weather forecasts

Tellurian

10/06/2024 16:26

** Shares and ETFs of natural gas companies rise as natgas
futures  NGc1  increase by 4.4%
    ** Natgas prices rise as forecasts for hotter-than-expected
weather prompt power generators to burn more gas to keep air
conditioners running this week
    ** Producers CNX Resources  CNX.N  and EQT  EQT.N  up 2.3%
and 1.8%, respectively
    ** LNG firms NextDecade  NEXT.O  and Tellurian  TELL.A  
rise 1.4% and 13.2%, respectively
    ** ETFs United States Natural Gas Fund  UNG.P  and ProShares
Ultra Bloomberg Natural Gas  BOIL.P  up 3.2% and 6.5%,
respectively

 (Reporting by Tanay Dhumal in Bengaluru)
 ((Tanay.Dhumal@thomsonreuters.com; 
Twitter: https://twitter.com/TanayDhumal))