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

Gas Market Update (January 15, 2013)

Natural gas futures advanced on Monday on forecasts of colder-than-normal weather patterns that are expected to spur demand for the heating fuel. Cold Arctic air may clamp down on the US East Coast and Midwest next week, according to a number of US-based weather agencies.

Matt Rogers, president of Commodity Weather Group, noted that computer models show temperatures across the regions will be 5 degrees Fahrenheit (2.8 Celsius) below average from January 19 to 23.

Gas prices have closely tracked weather forecasts in recent weeks as traders attempt to gauge the impact of shifting forecasts on winter heating demand.

Natural gas for February delivery rose 7 cents, rising to $3.39 per million British thermal units on the New York Mercantile Exchange on Monday.

Yet even after reaching a 12-month high in November, natural gas futures have since fallen 19 percent.

US gas inventories totaled 3.316 trillion cubic feet (Tcf) in the week ended January 4 — that's 10.7 percent above the five-year average for the period,  according to the US Department of Energy

A recent report from Business Insider  states that China's ongoing smog problem could eventually lead to a natural gas revolution in the county. It notes that while Beijing's smog problem has existed for some time, the situation seems to be getting worse.

China currently obtains 70 percent of its energy from coal, while natural gas contributes only 4 percent of energy output — something many within the country are looking to change, according to analysis from the EIA.

Encana's (TSX:ECA) temporary CEO will not roll out a new strategy for the struggling company — a move that has left investors pondering how the natural gas producer plans to pull itself out of its long-term slump.

Clayton Woitas, an Encana director, took over as interim CEO last week after Randy Eresman suddenly announced his retirement.

1 of 2

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
AAPL $93.70 -0.60%
FB $101.91 0.90%
GOOG $683.11 -0.15%
TSLA $150.47 4.73%
YHOO $26.76 -1.25%


Chart of I:DJI
DOW 15,660.18 -254.56 -1.60%
S&P 500 1,829.08 -22.78 -1.23%
NASDAQ 4,266.8370 -16.7550 -0.39%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs