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For beleaguered natural gas bulls, 2020 has brought one headwind after another. First, it was an unseasonably mild winter that flipped a long-standing storage deficit to a surplus and sent prices tumbling to 25-year lows. Then, it was COVID-19 which, after a brief period of optimism surroundin...
Welcome to the fundamentals edition of Natural Gas Daily! Housekeeping item first. We have a storage build of +87 Bcf for 5/29 week. US natural gas fundamental balances continue to improve. Over the next five storage reports, we are estimating an 80 Bcf deficit to the five-year avera...
Last week, June futures in the natural gas futures market on NYMEX rolled to July. On Wednesday, May 27, the spread between the two contracts closed at a 15.6 cents per MMBtu premium for July over June. The width of the spread was because of two factors; seasonality and supplies that are sig...
This report covers the week ending May 29, 2020. Total Demand We estimate that the aggregate demand for U.S. natural gas (consumption + exports) totaled around 555 bcf for the week ending May 29 (mostly flat w-o-w (week over week) and mostly unchanged y-o-y (year over year)). The devia...
Active drilling rigs in the U.S. fall by another 17 to 301, according to the latest weekly tally from Baker Hughes. More news on: The United States Oil ETF, LP, The United States Natural Gas ETF, LP, VelocityShares 3x Long Natural Gas ETN, Energy stocks news, Commodities news, News on ET...
Natural gas July futures ( NG1:COM ) -2.4% to $1.84/MMBtu, down 29% from a year ago and well below what is needed to cover production costs for many companies. More news on: Natural Gas Futures, EQT Corporation, The United States Natural Gas ETF, LP, Energy stocks news, Commodities new...
EIA Natural Gas Inventory: +109 Bcf vs. +107 Bcf consensus, +81 Bcf last week. More news on: Natural Gas Futures, The United States Natural Gas ETF, LP, VelocityShares 3x Inverse Natural Gas ETN, News on the U.S. economy, Energy stocks news, Stocks on the move, Commodities news, News ...
By this point in the typically tranquil Shoulder Season, natural gas investors have undoubtedly developed a serious case of whiplash as multiple bullish and bearish catalysts have led to spectacular spikes and sell-offs in the sector. After falling to a 25-year-low during a mild winter as inve...
In this article, we would like to mention several reasons which led us to increase our long exposure in NYMEX Henry Hub futures Tuesday. We will briefly outline key themes impacting the U.S. natural gas market right now. Large charts gallery from our exclusive reports is attached below, so scr...
According to data from the US Energy Information Administration ((EIA)), US liquefied natural gas ((LNG)) exports started the year out strong, reaching a record high of more than 8 billion cubic feet per day (Bcf/d) in January in spite of ongoing headwinds to prices that have carried over from...
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Credit Suisse Nassau Branch ZC SP ETN REDEEM 09/02/2032 USD 50 - 22542D571 Company Name:
UGAZ Stock Symbol:
NYSE Market:
NEW YORK , June 22, 2020 /PRNewswire/ -- Credit Suisse AG announced today its intention to delist and suspend further issuances of the following Exchange Traded Notes (the "ETNs"): Only the ETNs listed in the table above are affected by this announcement. For purpose...
NEW YORK , Dec. 16, 2019 /PRNewswire/ -- Credit Suisse AG announced today that it will implement a 1 - for - 10 reverse split of its VelocityShares ™ 3x Long Natural Gas ETNs (" UGAZ "), expected to be effective as of December 23 , 2019 . The reverse split wil...