A trend we first noticed a few days ago in "Natural gas stocks defy gravity (APC; DVN; CHK; SWN; XTO)". Because they are leveraged to the underlying commodity the spec money will often (NOT always) be attracted to the equities before the product.
Shares of natural gas producers rose Friday with the broad market, as bullish sentiment over the economy lifted energy stocks despite a seven-year low for natural gas prices.
Energy stocks took their cue from oil prices, which topped $74 a barrel to their highest point in a year, as bullish supply data and optimism about the economy continued to take hold.
Natural gas prices, however, held below $3 per million British thermal units, a seven-year low.
The NYSE Arca Natural Gas Index /quotes/comstock/10t!xng.x (XNG 471.68, +11.05, +2.40%) rose 0.8% to 464. Components Chesapeake Energy (CHK 23.83, +0.81, +3.52%) , Apache Corp. (APA 88.60, +2.74, +3.20%) , Questar(STR 34.63, +0.89, +2.64%) Ulta Petroleum (UPL 47.89, +1.12, +2.40%) and Anadarko (APC 53.76, +2.01, +3.88%) all rose 1.5% or more....