28 Dec

Higher Oil Prices: A Must for These Natural Gas–Weighted Stocks

WRITTEN BY Robert Scott FEATURED IN Commodities

Natural gas–weighted stocks

Below are the natural gas–weighted stocks that could catch the possible upside in US crude oil (UCO) (OIIL) prices after the upcoming inventory data, based on their trailing week’s correlations with US crude oil February futures:

  • Antero Resources (AR): 96.6%
  • WPX Energy (WPX): 90%
  • Chesapeake Energy (CHK): 88.8%
  • Range Resources (RRC): 86.4%
  • Southwestern Energy (SWN): 85.6%

Higher Oil Prices: A Must for These Natural Gas–Weighted Stocks

Refer to Part 1 of this series for the possible upside in oil prices after the inventory report on December 28, 2017.

Below are the natural gas–weighted stocks that have the least correlation with oil prices in the past four trading sessions:

  • Gulfport Energy (GPOR): 78.3%
  • EQT (EQT): 72.6%

Oil’s role

Oil prices are an important driver for natural gas as well as the entire the energy sector. All these natural gas–weighted stocks show a higher correlation with oil than with natural gas prices in this short-term period.

These natural gas–weighted stocks have been gathered from the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) and have at least a 60% production mix in natural gas.

Latest articles

18 Mar

Tilray Reports Its Fourth-Quarter Earnings

WRITTEN BY Adam Jones

Tilray (TLRY) reported its quarterly earnings after the market closed. The company reported a total quarterly sales of $15.5, which increased nearly 203.8% year-over-year.

Earlier today, US tech giant Apple (AAPL) launched new versions of its iPad Air and iPad Mini. The company is set to hold a special event on March 25.

18 Mar

How Facebook Aims to Compete with Twitch

WRITTEN BY Sean Allen

Facebook has stated that over 700 million of its users play games, watch gaming videos, and engage in gaming groups on its platform.

On March 18, President Trump tweeted, “GDP growth during the four quarters of 2018 was the fastest since 2005.” Let’s look at the data.

Today, Steel Dynamics released its first-quarter earnings guidance. It expects its first-quarter EPS to be between $0.88 and $0.92.

18 Mar

Why Amazon Is Interested in YES Network

WRITTEN BY Naomi Gray

Amazon (AMZN) recently teamed up with the Yankees and other investors to purchase the YES Network.