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by Daniel Shvartsman We've spoken to several authors about the energy sector. While partly a function of when we spoke, it's interesting to note that the last three all came off as fairly bearish. That's not by any editorial intention, just a reflection of who found the time to speak with ...
The price of nearby July NYMEX crude oil futures had exploded higher since trading to a low of $17.27 per barrel on April 27. At the end of last week, the price of the energy commodity was at the $39 level. Crude oil more than doubled. The action in the continuous contract was even more dramat...
U.S. active drilling rigs fall to another historic low, down 17 to 284, according to the latest weekly report 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 new...
Massachusetts' attorney general has asked the state's public utilities regulator to investigate the future of the natural gas industry and whether the business plans of local gas distribution companies are consistent with Massachusetts' net-zero emissions target. More news on: The United...
This is a significant reason I love Kinder Morgan (KMI) and Williams Companies (WMB). Nat gas is quickly becoming the globe's primary energy source, and it has to get to the US coast to exported. If you own KMI and WMB, you touch ~70% of the nat gas being transported in the US. Results at both...
Welcome to the record edition of Natural Gas Daily! Power burn is going to hit a new all-time high this year with the peak being ~3 Bcf/d higher than the previous high (also dependent on how warm the weather gets). At the current pace, we are likely to surpass ~45 Bcf/d by early July a...
Natural gas liquids (NGLs) have grown in importance for midstream in recent years as US production has accelerated, providing growth opportunities including new fractionation facilities for processing NGLs, new NGL pipelines, and export projects. How do recent macro headwinds and declining ene...
Over the past few months, we have witnessed the price of the VelocityShares 3x Long Natural Gas ETN ( UGAZ ) shed value as gas has continued to trade lower. While this year has been difficult, I believe that we are nearing a turning point in the fundamentals. Specifically, I believe that ove...
The amount of natural gas flowing on pipelines to U.S. liquefied natural gas export plants has hit a nine-month low of 4.3B cf/day, due to weak global demand in the wake of COVID-19 lockdowns, data provider Refinitiv says. More news on: Cheniere Energy, Inc., The United States Natural Ga...
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...
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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...