First Trust ISE-Revere Natural Gas Index ETF (FCG) - NYSEARCA
  • Fri, Mar. 18, 4:43 PM
    | Fri, Mar. 18, 4:43 PM | 1 Comment
  • Fri, Mar. 18, 9:58 AM
    • The Obama administration targets offshore drilling in its latest crackdown on air pollution from oil and gas operations, as the Bureau of Ocean Energy Management says it is developing new air standards for the first time in more than three decades.
    • Looking at operations in the Gulf of Mexico and Arctic Ocean, the proposed rules are designed to reign in emissions on everything from offshore platforms to the ice breakers that clear the way off the coast of Alaska.
    • The proposal is criticized by the American Petroleum Institute, which says  offshore drilling has little impact on air quality on land and that the government was moving ahead of its own study into the scale of the pollution.
    • ETFs: XLE, VDE, ERX, OIH, XOP, ERY, FCG, DIG, GASL, DUG, BGR, IYE, IEO, FENY, PXE, FIF, PXJ, RYE, NDP, FXN, DDG
    | Fri, Mar. 18, 9:58 AM | 3 Comments
  • Fri, Mar. 18, 9:49 AM
    • U.S. pipeline regulators are proposing new rules to strengthen safety requirements for the country’s 300K-mile network of natural gas transmission pipelines in response to fiery accidents in recent years in the U.S. and Canada.
    • The Department of Transportation proposal would expand inspection and repair rules to include lines in some rural areas and recently-installed lines in gas drilling fields.
    • Pressure testing for leaks would be required on older lines that were previously exempt, such as the PG&E pipe constructed in 1956 that broke and torched a residential neighborhood in San Bruno, Calif., six years ago.
    • ETFs: XLE, VDE, ERX, OIH, ERY, FCG, DIG, GASL, DUG, XES, BGR, IYE, IEZ, FENY, PXJ, FIF, RYE, FXN, DDG
    | Fri, Mar. 18, 9:49 AM | 2 Comments
  • Tue, Mar. 15, 11:31 AM
    • U.S. shale producers and oilfield services companies are warning that they may not be able to jump-start drilling even if oil prices stabilize, as many are too financially strapped, have cut too many workers, or have idled too much equipment to quickly ramp up again, WSJ reports.
    • Some of the largest U.S. oilfield services firms have laid off 110K people in the past year, Evercore ISI analysts estimate, and many of those workers have no plans to return to the industry.
    • Basic Energy Services (NYSE:BAS), which has cut more than 40% of its workforce since the downturn began, estimates that only one in five laid-off workers will return, taking with them the expertise they developed during the years when companies mastered techniques such as drilling and fracking wells that extend thousands of feet horizontally underground.
    • Some shale drillers also are tempered by what occurred last spring, when producers jumped back into drilling new wells after oil prices briefly rose, inadvertently worsening a supply glut that ultimately made prices worse.
    • ETFs: XLE, VDE, ERX, OIH, XOP, ERY, FCG, DIG, GASL, DUG, XES, BGR, IYE, IEO, IEZ, FENY, PXE, FIF, PXJ, RYE, NDP, FXN, DDG
    | Tue, Mar. 15, 11:31 AM | 32 Comments
  • Thu, Mar. 10, 7:57 AM
    • The U.S. and Canada reach agreement to cut methane emissions from the oil and gas sector by 40%-45% below 2012 levels by 2025, a move likely to face pushback from an industry battered by lower oil prices and to be cheered by environmentalists.
    • Pres. Obama and PM Trudeau plan to release details of the agreement later today as the two leaders meet in Washington.
    • The EPA expects to release in April draft requirements for companies to provide information about emissions, and already is working on rules cutting methane emissions from oil and gas wells not yet drilled.
    • ETFs: XLE, VDE, ERX, OIH, XOP, ERY, FCG, DIG, GASL, DUG, BGR, IYE, IEO, FENY, PXE, FIF, PXJ, RYE, NDP, FXN, DDG
    | Thu, Mar. 10, 7:57 AM | 2 Comments
  • Fri, Mar. 4, 4:26 PM
    | Fri, Mar. 4, 4:26 PM
  • Wed, Feb. 24, 10:58 AM
    • Oil and gas companies must plan for a "worst case" scenario if oil prices stay lower for longer, ConocoPhillips (COP -2%) Chairman/CEO Ryan Lance told attendees at the IHS CERAWeek Conference.
    • Lance says he has withstood six industry downturns and that the market will recover, but he also believes CEOs cannot run their companies based on the idea of oil prices recovering at year-end.
    • Companies will need to ensure they maintain the technical capability to run major projects once oil prices recover, and the industry cannot lose its current focus on margins when prices recover, Lance also says.
    • ETFs: XLE, VDE, ERX, OIH, XOP, ERY, FCG, DIG, GASL, DUG, XES, BGR, IYE, IEO, IEZ, FENY, PXE, FIF, PXJ, RYE, NDP, FXN, DDG
    | Wed, Feb. 24, 10:58 AM | 30 Comments
  • Mon, Feb. 22, 7:17 PM
    • The massive amount of dollars owed and the terms they come with could force more oil and gas drillers to restructure their businesses in bankruptcy court instead of pursuing cost-saving combinations with competitors, Occidental Petroleum (NYSE:OXY) CEO Stephen Chazen tells the IHS CERAWeek conference.
    • Companies typically can combine to reduce costs in times of struggle, but many oil and gas companies already have made deep cuts to overhead, and a number of loans come with terms that could make mergers difficult, Chazen says.
    • In addition, many companies are holding assets that simply are not attractive to buyers at current low prices.
    • Chazen also says he thinks the crude oil downturn has a roughly three-year lifespan, and the industry now is about halfway through the cycle.
    • ETFs: XLE, VDE, ERX, OIH, XOP, ERY, FCG, DIG, GASL, DUG, XES, BGR, IYE, IEO, IEZ, FENY, PXE, FIF, PXJ, RYE, NDP, FXN, DDG
    | Mon, Feb. 22, 7:17 PM | 14 Comments
  • Fri, Feb. 19, 4:19 PM
    | Fri, Feb. 19, 4:19 PM
  • Fri, Feb. 12, 4:15 PM
    | Fri, Feb. 12, 4:15 PM
  • Fri, Feb. 5, 4:44 PM
    | Fri, Feb. 5, 4:44 PM | 2 Comments
  • Fri, Jan. 29, 4:54 PM
    | Fri, Jan. 29, 4:54 PM | 3 Comments
  • Fri, Jan. 22, 4:28 PM
    | Fri, Jan. 22, 4:28 PM | 3 Comments
  • Fri, Jan. 22, 12:59 PM
    • The Obama administration proposes new rules requiring cuts in methane emissions from oil and gas drilling on federal lands, and would force companies to use equipment to capture leaked gas and raise the costs they pay for extracting fuel on government property.
    • The draft regulation proposed by the Interior Department is aimed at helping to meet a goal of cutting the energy industry’s emissions of methane by as much as 45% from 2012 levels over the next decade.
    • The rules, set to be finalized later this year after a public comment period, would establish several new standards on companies drilling on public lands, including the first-ever federal limits on flaring.
    • ETFs: XLE, VDE, ERX, OIH, XOP, ERY, FCG, DIG, GASL, DUG, BGR, IYE, IEO, FENY, PXE, FIF, PXJ, NDP, RYE, FXN, DDG
    | Fri, Jan. 22, 12:59 PM | 12 Comments
  • Fri, Jan. 22, 8:28 AM
    • Moody's places 120 oil and gas companies on review for a downgrade, in a sweeping global review that includes all major regions and ranges from the world's top global majors such as Royal Dutch Shell (RDS.A, RDS.B), Total (NYSE:TOT) and BP to 69 U.S. E&P and services firms.
    • Warning of "a substantial risk that prices may recover much more slowly over the medium term than many companies expect, as well as a risk that prices might fall further," Moody's now sees both WTI and Brent crude averaging $33/bbl this year, a $7 cut for WTI and a $10 reduction for Brent from its previous forecast.
    • The ratings firm also places 55 mining companies on review for downgrade as they battle a slump in commodity prices.
    • Among the companies placed on review are Alcoa (NYSE:AA), Schlumberger (NYSE:SLB), Chesapeake Energy (NYSE:CHK), Transocean (NYSE:RIG), Statoil (NYSE:STO), Vale (NYSE:VALE), Goldcorp (NYSE:GG), National Oilwell Varco (NYSE:NOV) and Diamond Offshore (NYSE:DO).
    • ETFs: XLE, VDE, ERX, OIH, XOP, ERY, FCG, DIG, GASL, DUG, BGR, XES, IYE, IEO, IEZ, FENY, PXE, PXI, FIF, PXJ, NDP, RYE, FXN, DDG
    | Fri, Jan. 22, 8:28 AM | 73 Comments
  • Thu, Jan. 21, 3:49 PM
    • Crude oil futures settled more than 4% higher on the back of perceived oversold conditions, despite a higher than expected inventory build; March WTI jumped 4.2% to settle at $29.53/bbl after trading as high as $30.25, while Brent surged 4.9% to $29.25.
    • Crude prices were supported by the inventory increase in this morning's EIA report, which was less than the API’s report released on Wednesday, says Phil Flynn, senior market analyst at Price Futures Group; also, reports of Libyan oil tanks on fire eased speculation that Libya would be exporting more oil soon.
    • Also supportive for prices, oil production in the lower 48 states edged lower for the first time in seven weeks, “which is at least ‘less bearish’ for the extremely oversupplied global oil market,” says Tyler Richey of The 7:00’s Report.
    • The energy sector is bouncing after hitting a multiyear low yesterday: XOM +1.4%, CVX +2.7%, RDS.A +3.8%, BP +3.7%, TOT +2.3%, STO +4.5%, COP +6.2%, MRO +12.2%, APC +10.3%, OXY +2.1%, EOG +6.4%, PXD +2.7%, APA +8.2%, HES +7%, KMI +15.5%, EPD +3.3%, ETP +6.8%.
    • ETFs: UNG, USO, OIL, XLE, UGAZ, UCO, DGAZ, UWTI, VDE, ERX, OIH, SCO, XOP, BNO, BOIL, GAZ, DBO, DWTI, ERY, FCG, DIG, GASL, DTO, DUG, KOLD, BGR, USL, XES, IYE, IEO, UNL, IEZ, DNO, FENY, PXE, PXI, FIF, PXJ, OLO, SZO, NDP, RYE, DCNG, FXN, OLEM, DDG
    | Thu, Jan. 21, 3:49 PM | 116 Comments
FCG Description
The First Trust ISE-Revere Natural Gas Index Fund is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield, before fees and expenses, of an equity index called the ISE-Revere Natural Gas Index. The ISE-Revere Natural Gas IndexTM is an equal-weighted index comprised of exchange-listed companies that derive a substantial portion of their revenues from the exploration and production of natural gas. The Index is constructed by establishing the total population of stocks listed in the U.S. of companies involved in the exploration and production of natural gas and then eliminates stocks whose natural gas proved reserves do not meet certain requirements.
See more details on sponsor's website
Country: United States
ETF Hub
Find the right ETFs for your portfolio: Visit Seeking Alpha's ETF Hub