BUZZ-US natgas companies drop on milder weather forecast
Reuters
Dec 09
BUZZ-US natgas companies drop on milder weather forecast
** Shares of U.S. natural gas companies fall, tracking drop in natgas futures NGA
** U.S. natgas futures NGc1 fell 5.7% to $4.987 per million British thermal unit
** Natgas prices fell on forecasts for less cold weather over the next two weeks than previously expected, near-record output, ample amounts of gas in storage and lower prices around the world
** Shares of natgas companies: Cheniere Energy LNG.N down ~2%, Expand Energy EXE.O down 1.4% and Williams Companies WMB.N down 1.4%
** ETFs rise: United States Natural Gas Fund UNG.P down 6.4% and ProShares Ultra Bloomberg Natural Gas BOIL.P down ~13%
(Reporting by Dharna Bafna)
((Dharna.bafna@thomsonreuters.com))
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