Natural Gas Supplies Light up US Natural Gas Fund, Chesapeake, and Devon (CHK, DVN, UNG)
Shares of the United States Natural Gas Fund, LP (NYSE:UNG) are up 5.9%, Chesapeake Energy Corp. (NYSE:CHK) up 1.28% and Devon Energy Corporation (NYSE:DVN) climbing 1.8% thanks to natural gas supplies dropping for the second week in a row.
(MarketWatch | theStockMasters.com) -- Natural gas futures jumped 7% on Thursday, after the Energy Information Administration reported another drop in U.S. natural gas supplies. Natural gas for January delivery was recently up 40 cents, or 7.3%, at $5.86 per million British thermal units.
After nearly nine months of build-ups, natural gas in storage in the U.S. fell for the second week in a row, this time by 207 billion cubic feet, the EIA said. The drop was much bigger than expected. Analysts surveyed by Platts expected no more than a 4 billion cubic feet withdrawal.
Here are the stocks moving on the news and the links to Google Finance:
| Valuation | Operating metrics | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Company name | Exchange | Price | Change | Chg % | Earnings per share | Mkt Cap | Return on avg assets | Return on avg equity | |
| UNG | United States Natural ... | NYSE | 10.64 | +0.58 | 5.77% | -20.93 | 4.13B | -70.17 | -70.24 |
| CHK | Chesapeake Energy Corp. | NYSE | 25.23 | +0.32 | 1.28% | -10.45 | 16.34B | 2.56 | 6.47 |
| DVN | Devon Energy Corporation | NYSE | 69.10 | +1.23 | 1.81% | -22.59 | 30.69B | 7.25 | 13.99 |
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