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Natural gas prices ( UNG -2.1% ) settled -2.2% to $2.633/MMBtu after U.S. stockpiles rose by a greater than expected 89B cf last week. More news on: The United States Natural Gas ETF, LP, VelocityShares 3x Long Natural Gas ETN, VelocityShares 3x Inverse Natural Gas ETN, Energy stocks...
Investment thesis Since our last release on the VelocityShares 3x Long Natural Gas ETN ( UGAZ ), our bearish view on the underlying has not materialized, amid colder-than-expected temperatures which contributed to sustained demand for the flammable complex. Going forward, we are revert...
The Weather Last week Last week (ending October 25), the number of heating degree days (HDDs) dropped by approximately 7.5% w-o-w (from 66 to 61), as weather conditions warmed up slightly across the country. Cooling demand has increased by about 16.9% but remains too weak to have a meani...
Natural gas prices ( UNG +3.8% ) are surging , thanks to a huge cold front forecast to sweep down over much of the U.S. as well as gas producers who are dialing back production in response to depressed prices. More news on: The United States Natural Gas ETF, LP, Antero Resources Corpora...
This report covers the week ending October 25, 2019. Total Demand We estimate that the aggregate demand for American natural gas (consumption + exports) totaled around 595 bcf for the week ending October 25 (up 0.7% w-o-w (week over week) but down 1.2% y-o-y (year over year)). The devi...
Brian Sulley: Hello. I am Tortoise Client Portfolio Manager Brian Sulley and I am joined by Tortoise Managing Director and Portfolio Manager Rob Thummel. It’s still 2019 but the election season is upon us. We are 377 days from the 2020 United States presidential election but only 102 ...
The Weather Last week Last week (ending October 18), the number of heating degree-days (HDDs) surged by approximately 77.0% w-o-w (from 37 to 66), as weather conditions cooled down across the country. Cooling demand has dropped by about 49% and is now too weak to have a meaningful impact...
On Thursday, October 17, the Energy Information Administration reported the highest injection into inventories of the year in the natural gas market. There is only one month to go until the start of the peak season of demand. Stockpiles could approach the four trillion cubic feet level over th...
This report covers the week ending October 18, 2019. Total Demand We estimate that the aggregate demand for American natural gas (consumption + exports) totaled around 586 bcf for the week ending October 18 (up 3.5% w-o-w (week over week) but down 0.2% y-o-y (year over year)). The devi...
U.S. natural gas futures for winter 2020-21 jumped today after Kinder Morgan (NYSE: KMI ) delayed the projected in-service date for its Permian Highway gas pipeline to early 2021, Reuters reports. More news on: Kinder Morgan, Inc., The United States Natural Gas ETF, LP, VelocityShares 3x...