Wednesday, June 10, 2009

Natural Gas: Green Shoots (XNG)

Just as the copper stocks were what clued us on the last 13 weeks of the copper move*, the natural gas stocks are trading higher as the commodity dawdles. Here are the components of the Amex Natural Gas Index (up 1.35%) on a day NG fell 2.3 cents, or 0.6 percent, to settle at $3.708**:
SymbolNameLast TradeChangeVolume
APAApache Corp.83.99 4:01PM ETUp 0.29 (0.35%)3,421,009
APCAnadarko Petroleum Corp49.42 4:02PM ETUp 0.96 (1.98%)6,126,086
CHKChesapeake Energy Corp.23.92 4:01PM ETUp 1.04 (4.55%)19,482,512
DVNDevon Energy Corp. (New)63.75 4:02PM ETDown 0.40 (0.62%)5,484,786
EOGEOG Resources, Inc.75.25 4:00PM ETUp 0.60 (0.80%)3,649,998
EPEl Paso Corp.10.22 4:02PM ETUp 0.29 (2.92%)11,245,030
GASNICOR Inc.34.41 4:01PM ETUp 0.21 (0.61%)446,806
NBLNoble Energy, Inc.66.30 4:02PM ETUp 0.20 (0.30%)1,780,312
NFGNational Fuel Gas Co. (NJ)34.93 4:01PM ETUp 0.44 (1.28%)431,495
NINiSource Inc. (Holding Co.)11.12 4:03PM ETUp 0.17 (1.55%)6,140,130
STRQuestar Corp.34.99 4:01PM ETUp 1.37 (4.07%)2,021,475
SWNSouthwestern Energy Company42.35 4:03PM ETDown 0.42 (0.98%)4,958,305
UPLUltra Petroleum Corp.46.89 4:00PM ETUp 1.23 (2.69%)1,903,612
WMBWilliams Cos Inc (The)17.05 4:02PM ETUp 0.20 (1.19%)5,651,003
XTOXTO Energy, Inc.41.64 4:00PM ETUp 0.38 (0.92%)7,393,431

*See March 12's "Gold & silver vs. copper & uranium".

**Bloomberg headlines at 8:42pm EDT:
Natural Gas Declines in New York as Supply Gains Expand Surplus
BP Says Weak Economy to Keep Gas Prices ‘Depressed’ (Update2)