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FCG

First Trust ISE-Revere Natural Gas Index ETF

6/18/2013, 11:35 PM ET

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Monday, May 6, 5:00 AM President Obama has signaled his support for increasing the U.S.'s exports of natural gas, saying that the country will probably be a net seller of LNG by 2020. The Department of Energy is assessing applications for 20 projects to export gas to nations with which the U.S. doesn't have a free trade agreement. Companies that could benefit include Dominion Resources (D), Cheniere Energy (LNG), Oiltanking Partners (OILT), Williams Cos. (WMB), Boardwalk Pipeline Partners (BWP) and Sempra Energy (SRE). Dow Chemical (DOW) and Alcoa (AA) are among those to oppose increased LNG exports, as it could raise their costs. 8 Comments [Energy, Top Stories]
Friday, April 5, 4:45 PM Japan wants to invest billions of dollars directly in natural gas infrastructure in western Canada as part of a plan to secure massive supplies of liquefied natural gas to replace nuclear power, Financial Post reports. LNG transportation costs from Canada are lower because of proximity to Asia, and Japan believes LNG exports are more likely to move ahead from Canada than the U.S. west coast. 4 Comments [Energy, Global & FX]
Friday, April 5, 10:32 AM Bill Barrett (BBG +5.2%) is upgraded to Buy from Neutral at Goldman Sachs, which believes the surplus in natural gas is over and prices should rise to the upper end of $4.00-$4.50 per MMBtu. Goldman says BBG is "in the early stages of an improving resource base trading at an attractive valuation likely to be supported by rising gas prices." COG +2.5%, SWN +2%. Comment! [Energy, Quick Ideas, On the Move]
Thursday, March 28, 2:12 PM The number of natural gas drilling rigs working in the U.S. fell by 29 in the latest week to 389, near a 14-year low, while oil rigs climbed by 30 to 1,354, according to the latest Baker Hughes rig count. Gas rigs have shrunk to almost a fourth of their Sept. 2008 peak as a supply glut pushed prices to 10-year lows and drove energy producers toward more profitable oil and liquids-rich plays. 3 Comments [Energy]
Friday, March 22, 4:32 PM The week's ETF movers - Gainers: AMJ +3.37%. VXX +2.24%. GDX +2.20%. XLP +2.13%. UNG +1.98%.
ETF Losers: EPI -5.54%. BRF -4.26%. KOL -3.67%. EWZ -3.64%. FCG -3.43%. Comment! [On the Move]
Friday, March 22, 2:52 PM The number of rigs drilling for natural gas in the U.S. fell for the third time in four weeks, according to the latest Baker Hughes rig count, as producers continued to cut down on dry gas drilling despite strong price gains in recent weeks. The gas-directed rig count, which fell by 13 to 418, now hovers just above the 14-year low of 407 posted two weeks ago. 2 Comments [Energy]
Friday, March 22, 12:36 PM Cold winter weather in the eastern U.S. has pushed natural gas futures above $4/mmbtu, but ISI's Jonathan Wolf sees prices declining to $3.50, citing not just the onset of warmer weather but high supply and limited near-term coal-to-gas switching. Tudor Pickering also is cool to jumping into gas-focused energy firms, since "bad things start happening (less demand and more rigs/supply)" when gas rises above $4. 1 Comment [Energy, Commodities]
Friday, March 15, 4:52 PM The week's ETF movers - Gainers: GAZ +6.37%. UNG +5.80%. GDXJ + 4.66%. FCG +3.92%. KBWD +1.81%.
ETF Losers: TAN -7.33%. VXX -5.04%. BRF -4.33%. FXI -4.20%. EWY -3.78%. Comment!
Friday, March 8, 5:21 PM The week's ETF movers - Gainers: EPI +5.99%. FCG +5.25%. UNG +4.93%. TAN +4.45%. EWZ +4.44%.
ETF Losers: VXX -11.09%. TLT -3.49%. FXY -2.60%. EWY -1.36%. MUB -1.36%. 4 Comments
Friday, February 8, 6:17 PM The week's ETF movers - Gainers: VNM +4.3%. FCG +2.3%. BNO +1.7%. UUP +1.4%. TLT +1.4%.
ETF Losers: FXI -4.7%. EPI -4.2%. GDXJ -3.3%. KOL -3.3%. DBA -2.7%. Comment! [On the Move]
Thursday, January 31, 9:39 AM Shell's (RDS.A, RDS.B) Peter Voser tells CNBC he doesn't expect a major recovery in U.S. natural gas prices, as prices rebound 24% Y/Y to $3.23/Mbtu: "It'll take a little bit longer until it comes back to a range that we think should be around $3-$5 or $4-$6, where most projects would make sense." Voser says Shell is on track in its four-year journey to deliver 30%-50% cash flow growth (Q4). Comment! [Energy, Commodities]
Monday, December 24, 2012, 9:45 AM Jim Chanos - a bell-ringer in 2009 when he said there was nothing left to short - says there's plenty to keep his firm busy now. Avoid leveraged natural gas companies "like the plague," he says. Their balance sheets may look okay thanks to perverse accounting rules, but cash flows tell a different story. "It's a pretty good bet" he's short any leveraged players that were buying gas properties 5 years ago and looking to sell now. 8 Comments [Energy]
Thursday, August 9, 2012, 8:09 AM Another coal-fired power plant is set to go dark, the Rochester, MN utilities board voting to retire its Silver Lake facility. Cheap natural gas and wind power is making it cheaper to buy power off the regional grid, and there's also the whole clean air thing. (see also) 5 Comments [Energy]
Wednesday, August 8, 2012, 10:01 AM Data for the construction of power generation facilities in H1 paints a stark picture of the ascendance of natural gas, with 3,708 MW gas-fired plants built, 2,367 MW of wind farms developed, and 1,608 MW of coal stations constructed. Gas provides 41.8% of U.S. electricity, coal 29.7%, nuclear 9.2%, water 8.7%, wind 4.3%, geothermal 0.3%, and solar 0.3%. Comment! [Energy]
Friday, July 20, 2012, 2:25 PM Chesapeake Energy (CHK -6.5%) is sliding on heavy volume. Reuters reports the SEC's Texas office has been demanding documents from Chesapeake as part of the agency's probe into the company's deals with CEO Aubrey McClendon. Meanwhile, Baker Hughes (BHI +9.4% - previous) reports the rig count for U.S. natural gas wells has fallen to 518 thanks to weak prices. That figure is down 45% from October's high, and represents a 13-year low. 10 Comments [Energy, On the Move]
Thursday, July 12, 2012, 10:55 AM Natural gas plunges following the small add in inventories last week despite cooling degree days being 50% higher than normal. UNG -3.3%. Producers: APA -2.7%, CHK -3.7%, APC -2.8%. 15 Comments [Energy, Commodities]