Direxion Daily Natural Gas Related Bull 3x Shares ETF (GASL) - NYSEARCA
  • Tue, Jun. 28, 10:56 AM
    • Energy companies will be required to report their payments to foreign governments for extracting oil, gas and minerals, according to new rules issued by the SEC.
    • The revised rule enforces a provision of the Dodd-Frank law aimed at addressing the “resource curse,” in which oil and mineral wealth in resource-rich countries does not benefit low-income people.
    • The SEC says the move will affect as many as 755 companies, and that U.S. companies will be required to start complying with the rules in late 2018.
    • The American Petroleum Institute says the rule would cost jobs by placing U.S. firms at a competitive disadvantage, and that the revised rule contains no meaningful difference from previous rules struck down by the courts.
    • ETFs: OIH, XOP, FCG, GASL, XES, IEO, IEZ, PXE, GASX, NDP, GUSH, DRIP
    | Tue, Jun. 28, 10:56 AM | 3 Comments
  • Wed, Jun. 22, 10:06 AM
    | Wed, Jun. 22, 10:06 AM | 53 Comments
  • Wed, Jun. 8, 6:14 AM
    • While oil markets will start rebalancing after a slump next year, an oversupply in natural gas won't disappear until the end of the decade, the IEA warned, slashing its gas demand outlook for a fourth straight year.
    • "Slower generation growth, rock-bottom coal prices and robust deployment of renewables constrain gas' ability to grow faster in today's low-price environment."
    • Global consumption will expand by 1.5% annually between 2015-2021, down from last year's forecast of 2% growth between 2014-2020.
    • ETFs: UNG, UGAZ, DGAZ, BOIL, GAZ, FCG, GASL, KOLD, UNL, MLPG, GASX, DCNG
    | Wed, Jun. 8, 6:14 AM | 25 Comments
  • Mon, Jun. 6, 11:18 AM
    • Crude oil prices push more than 2% higher, with Brent at $50.68/bbl and WTI at $49.75, thanks to a falling dollar, continued attacks on oil infrastructure in Nigeria, and reports of a pipeline failure and spill at Exxon Mobil's (XOM +1.2%) Torrance refinery near Los Angeles.
    • However, XOM has since told CNBC that the refinery had experienced a refining byproduct leak in an internal pipe that was contained in the Torrance property, and there is no impact to operations.
    • An incident at Torrance normally would not cause a significant jump in oil prices, but analysts say the current market is sensitive to any perception of a supply disruption.
    • Crude futures also are supported after Genscape reported a draw of more than 1M barrels at the Cushing, Okla., delivery point for the WTI contract.
    • ETFs: USO, UNG, OIL, XLE, UWTI, UGAZ, UCO, DGAZ, VDE, ERX, DWTI, OIH, SCO, XOP, BNO, BOIL, DBO, GAZ, FCG, ERY, GASL, DIG, DTO, USL, DUG, BGR, XES, KOLD, IYE, IEO, UNL, FENY, IEZ, DNO, PXE, GASX, FIF, OLO, PXJ, RYE, SZO, NDP, GUSH, DCNG, DRIP, FXN, DDG, OLEM
    | Mon, Jun. 6, 11:18 AM | 17 Comments
  • Thu, May 12, 12:25 PM
    • The Obama administration's final regulations on methane emissions from oil and gas wells are even tougher than the rules it proposed last year, as rules applying immediately to new and modified wells and are expanded to include low-producing wells and more frequent site inspections.
    • The EPA estimates the new regulations will result in $530M in additional costs in 2025, at least 25% higher than the preliminary version released in August, and comes as the industry already is slashing spending on new exploration.
    • The agency claims the costs will be offset by $690M in savings by 2025 as lower emissions mean less severe storms and other outcomes of a changing climate.
    • Companies will have to upgrade pumps and compressors while expanding the use of green completion technology meant to capture the surge of gas that can spring out of newly fracked wells; green completion techniques have been required at new and modified natural gas wells since 2015, but the new rules broaden the requirement to oil wells.
    • The EPA estimates the final standards will reduce 510K short tons of methane in 2025, roughly the same effect as cutting 11M metric tons of carbon dioxide.
    • ETFs: XLE, VDE, ERX, OIH, XOP, FCG, ERY, GASL, DIG, DUG, BGR, IYE, IEO, FENY, PXE, GASX, FIF, PXJ, RYE, NDP, GUSH, DRIP, FXN, DDG
    | Thu, May 12, 12:25 PM | 84 Comments
  • Fri, Apr. 29, 5:40 PM
    • A gas explosion that burned for hours outside Pittsburgh took place on a pipeline that had been inspected in 2012 with "no areas of concern" found.
    • Texas Eastern Transmission -- a division of Spectra Energy (NYSE:SE) -- says the pipeline was 30 inches in diameter, built in 1981.
    • An explosion this morning traced to the pipeline created a fireball that officials say destroyed a home, damaged at least three others and burned a homeowner. People in homes and other buildings within a quarter mile of the explosion were evacuated.
    • The Texas Eastern pipeline is a 9,096-mile pipeline connecting the Gulf Coast with high-demand markets in the Northeast.
    • The explosion today disrupted shipments to the eastern U.S. Natural gas futures were up 4.8% amid concerns of supply shortfalls.
    • ETFs: UNG, UGAZ, DGAZ, BOIL, GAZ, FCG, GASL, KOLD, UNL, MLPG, DCNG
    • Now read Spectra Energy Is A Safe Midstream With An Attractive Yield »
    | Fri, Apr. 29, 5:40 PM | 14 Comments
  • Tue, Apr. 19, 6:58 PM
    • Cheniere Energy’s (NYSEMKT:LNG) Sabine Pass terminal in Louisiana has received nearly 35.4B cf of natural gas for export since pipeline deliveries to the facility were first reported in October - with most of the volume arriving in the last six weeks - helping gas futures to rise 7% over the past month as the shipments limit the size of the current supply glut, Bloomberg reports.
    • Exports of liquefied natural gas are boosting bullish traders after a flood of production from shale formations sent futures falling to historic lows, and hedge funds are betting on rising gas prices for the first time since 2014 as cargoes from Sabine Pass boost demand, according to the report.
    • Cheniere’s gas demand so far this year has helped support prices by $0.05-$0.10 per MMBtu, says Kyle Cooper of Cypress Energy Capital Management, adding that while volumes are still relatively small, Sabine Pass total consumption will reach 200B cf or more by this time next year.
    • ETFs: UNG, UGAZ, DGAZ, BOIL, GAZ, FCG, GASL, KOLD, UNL, DCNG
    • Now read Report: LNG trade hit new record in 2015, with glut looming in 2016
    | Tue, Apr. 19, 6:58 PM | 35 Comments
  • Mon, Apr. 18, 10:25 AM
    | Mon, Apr. 18, 10:25 AM | 39 Comments
  • Fri, Apr. 15, 5:41 PM
    • Crude oil prices are up 50% since February but most U.S. energy producers are not buying the bounce, and the rise in drilling activity that typically follows higher oil prices has not materialized this year.
    • Dow Jones reports that oil and gas execs meeting in New York this week for an industry conference expressed considerable caution, with Wunderlich's Jason Wangler saying producers talked more about reducing drilling even further rather than ramping up, as the focus is on costs and liquidity.
    • Cimarex Energy (NYSE:XEC) CEO Thomas Jordan told attendees that his company was hesitant to drill more before seeing more evidence that the commodity cycle had hit bottom, and "we haven't seen the fundamental support for that thesis."
    • Whiting Petroleum (NYSE:WLL) CEO James Volker said the company expects to spend 80% less this year than in 2015 and plans to put most of its $500M capex toward drilling but not completing ~160 wells, waiting for a potential price recovery in 2017.
    • ETFs: XLE, VDE, ERX, OIH, XOP, FCG, ERY, GASL, DIG, DUG, BGR, XES, IYE, IEO, FENY, IEZ, PXE, FIF, PXJ, RYE, NDP, GUSH, DRIP, DDG, FXN
    • Now read U.S. oil rig count falls by three in latest Baker Hughes tally
    | Fri, Apr. 15, 5:41 PM | 15 Comments
  • Thu, Apr. 14, 3:30 PM
    • The Obama administration announces new oil well control rules aimed at preventing the kind of blowout that happened in the 2010 Gulf of Mexico oil spill.
    • The regulations announced by the Interior Department tighten requirements for blowout preventers, well design, well control casing, cementing and sub-sea containment, and call for real-time monitoring, third-party reviews of equipment, regular inspections and safe drilling margin requirements.
    • The effects will be particularly acute for the Gulf’s top crude oil and gas producers, Royal Dutch Shell (RDS.A +1.1%), BP (BP -1.6%), Chevron (CVX +0.1%) and Exxon Mobil (XOM +0.4%); XOM says the new rules will cost $25B over 10 years and render many offshore discoveries worthless.
    • Offshore drilling stocks are broadly lower on the news: RIG -6.1%, DO -1.4%, ESV -5.1%, RDC -7.3%, NE -5.4%, ATW -9%, SDRL -8.9%, SDLP -4%.
    • ETFs: XLE, VDE, ERX, OIH, XOP, FCG, ERY, GASL, DIG, DUG, BGR, XES, IYE, IEO, FENY, IEZ, PXE, FIF, PXJ, RYE, NDP, GUSH, DRIP, DDG, FXN
    | Thu, Apr. 14, 3:30 PM | 171 Comments
  • Wed, Apr. 13, 7:12 PM
    • Chesapeake Energy (NYSE:CHK) was able to maintain its $4B bank line but many of its competitors are faring far worse: Since the start of 2016, lenders have yanked $5.6B of credit from 36 oil and gas producers, a 12% reduction, according to data compiled by Bloomberg.
    • Banks are cutting their oil and gas exposure in part because they are facing pressure from regulators and investors to rein in risk; JPMorgan said today that it had set aside another $529M to cover expected energy loan losses.
    • "The banks are walking a tightrope," says Bloomberg's Spencer Cutter. "They don’t want to push the companies into bankruptcy, but on the other hand they’re getting a lot of heat from regulators and investors. They can’t keep kicking the can down the road like they did last year."
    • At least 15 companies have seen their credit lines cut, including Whiting Petroleum (NYSE:WLL), Rex Energy (NASDAQ:REXX), Halcon Resources (NYSE:HK), Goodrich Petroleum (GDP) and Midstates Petroleum (NYSE:MPO).
    • ETFs: XLE, VDE, ERX, OIH, XOP, FCG, ERY, GASL, DIG, DUG, BGR, XES, IYE, IEO, FENY, IEZ, PXE, FIF, PXJ, RYE, NDP, GUSH, DRIP, DDG, FXN
    | Wed, Apr. 13, 7:12 PM | 39 Comments
  • Wed, Apr. 13, 5:34 PM
    • The Obama administration is expected to issue sweeping new regulations on offshore drilling tomorrow, imposing potentially costly requirements for coastal wells and the emergency equipment needed to prevent environmental disasters.
    • The oil industry has warned that such measures would impose potentially tens of billions of dollars in new costs and threaten to restrict drilling in the Gulf of Mexico, which accounts for ~17% of U.S. crude production.
    • The final rule is expected to ease some industry concerns, including by giving oil and gas companies more flexibility on the timing of equipment tests.
    • ETFs: XLE, VDE, ERX, OIH, XOP, FCG, ERY, GASL, DIG, DUG, BGR, XES, IYE, IEO, FENY, IEZ, PXE, FIF, PXJ, RYE, NDP, GUSH, DRIP, DDG, FXN
    | Wed, Apr. 13, 5:34 PM | 23 Comments
  • Wed, Apr. 13, 10:41 AM
    • Global trade in liquefied natural gas hit a record high last year, with LNG shipments rising 2.5% to 245.2M, or ~32.2B cf/day, according to the International Group of Liquefied Natural Gas Importers.
    • "In a global context of lower energy prices and sluggish economic growth, the LNG industry is holding its breath for the impact of an export wave from the United States,” the report says.
    • New projects added 14.4M tons/year of new liquefaction capacity worldwide during 2015, but 42M tons/year of new capacity is forecast to come online in 2016, as new projects such as Australia's Gorgon LNG ship their first cargoes and existing projects ramp up liquefaction.
    • Rising supply and weak demand have combined to send nat gas prices to 18-year lows, but the slump may be attracting new customers; South Africa and South America, for example, are considering importing LNG to help alleviate energy shortages, says Graeme Bethune of the EnergyQuest consulting firm.
    • ETFs: UNG, UGAZ, DGAZ, BOIL, GAZ, FCG, GASL, KOLD, UNL, DCNG
    • Now read U.S. natural gas: Possible rally this summer followed by weakness next winter
    | Wed, Apr. 13, 10:41 AM | 2 Comments
  • 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
GASL Description
The Direxion Daily Natural Gas Related Bull 3x Shares ETF seeks daily investment results, before fees and expenses, of 300% of the price performance of the ISE Revere Natural Gas IndexTM. There is no guarantee the fund will meet its stated investment objective.
See more details on sponsor's website
Country: United States
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