This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Natural Gas Draws Yawns: Market Bits

NEW YORK ( TheStreet) -- Natural gas futures ended flat, surrendering a bounce early in the session.

The May contract settled unchanged at $4.211 per million British thermal units. Earlier, it was rising 0.5% to $4.234, although that move came on low volume.

On Thursday "traders were caught short the market when those supportive numbers came out," Altavest Worldwide Trading analyst Jeff Pritchard said of the Energy Information Administration's report that inventory built up less than expected on a weekly basis. "Short covering probably took place, which pushed the market up momentarily, but didn't change the outlook fundamentals of the market in the long term. This would explain the lack of follow through ..."

Pritchard noted evidence that a technical consolidation pattern is developing, and said he'll be watching for the next catalyst that will drive prices higher.

A Gelber & Associates report said natural gas got some price support earlier from near-term cool weather in the North and heat anticipated for early next week in the South. "Overall, the seasonal weather looks bearish to close out April, but few if any are taking short positions into the weekend."

Natural gas plays were trading in mixed territory. Chesapeake Energy (CHK - Get Report) was unchanged at $32.67; Westport Innovations (WPRT - Get Report) was falling 0.5% to $24.72; Fuel Systems Solutions (FSYS - Get Report) was adding 2.1% to $28.84; Devon Energy (DVN - Get Report) was flat at $87.76; Newfield Exploration (NFX - Get Report) was adding 1.6% to $71.31; Cheniere Energy (CQP - Get Report) was losing 1.1% to $18.32; and Kinder Morgan Energy Partners LP (KMP) was unchanged at $75.12.
1 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
CQP $28.36 -1.83%
CHK $5.65 -2.59%
DVN $31.31 -4.40%
FSYS $5.24 0.19%
KMP $102.03 1.98%


Chart of I:DJI
DOW 17,651.26 -99.65 -0.56%
S&P 500 2,051.12 -12.25 -0.59%
NASDAQ 4,725.6390 -37.5850 -0.79%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs