GASX News and Press, Direxion Daily Natural Gas Related Bear 3x Shares Direxion Shares ETF Trust From 03/20/20

This report covers the week ending March 20, 2020. Total Demand We estimate that the aggregate demand for American natural gas (consumption + exports) totaled around 730 bcf for the week ending March 20 (up 5.8% w-o-w (week over week) and up 2.8% y-o-y (year over year)). The deviation ...

Direxion to execute forward share splits of the Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 3X Shares (NYSEARCA: DRIP ) and the Direxion Daily Natural Gas Related Bear 3X Shares (NYSEARCA: GASX ) in the ratio of 12 for 1 and 10 for 1 respectively. More news on: Direxion Tech...

The Weather Last week Last week (ending March 13), the number of heating degree days (HDDs) declined by 24.5% w-o-w (from 124 to 94). We estimate that total energy demand (as measured in total degree days, or TDDs) was 22.2% below last year's level and as much as 27.8% below the 30-year ...

Oil and gas stocks suffer from another day of aggressive selling, causing the S&P energy sector ( XLE -5.1% ) to widen its Q1 loss to ~51%, even worse than the one-third loss in the financials group at the bottom of the quarterly standings. More news on: Energy Select Sector SPDR ETF...

The chickens came home to roost in the crude oil market. On March 6, the OPEC meeting ended, and the oil cartel, together with Russia, decided to abandon production cuts. The market had expected OPEC to cut daily output by an additional one million barrels per day. As the meeting began, Saudi ...

Nymex natural gas prices settled +1.5% today and +9.4% for the week to $1.869/MMBtu, as plummeting crude oil prices discourage drilling in U.S. shale plays where gas is extracted as a byproduct, likely with a a boost from traders closing out bearish bets. More news on: The United State...

NEW YORK , March 13, 2020 /PRNewswire/ -- Direxion has announced it will execute forward share splits for two of its exchange-traded funds ("ETFs"), as well as reverse share splits for an additional two ETFs. The total market value of the shares outstanding will not be affected as a ...

The U.S. Energy Information Administration has recently released their natural gas monthly statistics for December 2019. In this article, we will briefly review their consumption and exports figures, then look at our estimates for January and February, and conclude with our latest forecast for...

Even as natural gas futures (NYSEARCA: UNG ) are lower, stocks of natural gas drillers are far outperforming oil-focused names, as on plunging crude prices force Permian Basin oil producers to pull back and ease the massive glut . More news on: The United States Natural Gas ETF, LP, Cabot...

The Energy Select SPDR ETF (NYSEARCA: XLE ) -15.2% pre-market in the wake of a tumultuous weekend in which crude prices fell more than 20% amid a price war between Russia and Saudi Arabia. More news on: Energy Select Sector SPDR ETF, Exxon Mobil Corporation, Chevron Corporati...