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First Trust ISE-Revere Natural Gas Index ETF (FCG)

- NYSEARCA
  • Yesterday, 5:57 PM
    • Applying newer fracking techniques to the prolific Haynesville Shale natural gas region that straddles Louisiana and Texas could give the U.S. more and cheaper gas supplies for many years, WSJ reports.
    • Experimental wells by explorers including Comstock Resources (NYSE:CRK) and Chesapeake Energy (NYSE:CHK) are proving highly profitable even at today’s depressed prices because of the sheer volume of fossil fuels that can be coaxed out of the ground.
    • The results so far have been confined to a small area in a single Louisiana parish near the Texas border, but if the approach works across the entire Haynesville Shale, which spans 120 miles across both states, the era of low U.S. nat gas prices could continue for decades, experts say.
    • The costs of fracking wells have fallen in the past year, especially in the Haynesville, the second-largest U.S. gas deposit behind the Marcellus.
    • CRK says it could get a 30% return on its new wells even with gas at $2.50/MMBtu, and plans to drill more wells in the Haynesville than it will in the oily Eagle Ford Shale in south Texas.
    • ETFs: UNG, UGAZ, DGAZ, BOIL, GAZ, FCG, GASL, KOLD, UNL, DCNG
    | Yesterday, 5:57 PM | 20 Comments
  • Mon, Aug. 31, 3:49 PM
    • West Texas crude oil surged 8.8% to $49.19/bbl, capping a three-day rally that added more than 27% to the price - the largest three-day rally since January 2009 - after U.S. oil production data showed output falling and OPEC said it would talk with other producers about low prices.
    • Brent crude rallied 7.4% to $53.80, as the spread between the two benchmarks widened to more than $5 intraday after narrowing to $4.33.
    • "Oil markets are hungry for any evidence of a fall in production, anywhere,” says Global Hunter's Robert Hastings.
    • The SPDR Energy ETF (XLE +1.2%) jumped after being down as much as 2.5% early in the day, and the Market Vectors Oil Services ETF (OIH +2.3%) reversed a 2.6% loss at its intraday low.
    • However, trading volumes were lower and volatility perhaps greater than usual due to a U.K. holiday.
    • Andrew Keene tells CNBC he is selling today's pop, noting that XLE is again trading at its 20-day MA and "we haven't traded above this moving average since May."
    • Among the shares of some of the more active energy companies, Chevron (CVX +0.5%) and Exxon Mobil (XOM +0.4%) are higher after respective early losses of 3.1% and 2.4%; also, COP +5%, PSX +2.6%, SLB +2.2%, RIG +4.1%, HAL +2.4%, WLL +8.3%, MRO +3.4%, NFX +5.1%, LINE +5.7%.
    • Other ETFs: VDE, ERX, XOP, ERY, FCG, DIG, GASL, DUG, BGR, XES, IYE, IEO, IEZ, FENY, PXE, PXI, FIF, PXJ, NDP, RYE, FXN, DDG
    | Mon, Aug. 31, 3:49 PM | 34 Comments
  • Sat, Aug. 29, 8:25 AM
    • Citigroup is touting notoriously volatile natural gas as a possible haven for investors weary of the market's wild swings.
    • The U.S. gas market is "an oasis amid market turmoil," Citi's Anthony Yuen says - its supplies are cut off from overseas markets, and relatively steady demand comes largely from the need for heat and power; also, "the lower oil prices get and the worse that financing conditions for producers become, the better for gas prices."
    • In the current bumpy environment for other commodities, gas’s isolation should appeal to investors looking for a calmer market, the firm says; gas has stayed at $2.50-$3.00/MMBtu since the spring, a far cry from the days when it could jump between $4 and $10 in a matter of months.
    • Others are not so sure: "The volatility, when it comes in natural gas, it comes like no other asset class," says Oppenheimer's George Zivic. “It is by no means benign. It is just benign now, at the end of the summer, when we have a lot of supply."
    • ETFs: UNG, UGAZ, DGAZ, BOIL, GAZ, FCG, GASL, KOLD, UNL, DCNG
    | Sat, Aug. 29, 8:25 AM | 11 Comments
  • Fri, Aug. 28, 4:09 PM
    | Fri, Aug. 28, 4:09 PM | 11 Comments
  • Mon, Aug. 24, 7:39 PM
    • Plunging crude oil prices have hurt prospects for soon-to-start U.S. liquefied natural gas exports, as the gap between U.S. and global prices has narrowed as oil’s collapse reduced the cost of crude-linked LNG contracts in Asia and Europe, Bank of America says.
    • "Spare U.S. liquefaction capacity could aggravate the ongoing spot LNG market glut,” the BofA report says, and “longer-term, the critical question for LNG global prices is whether there will be enough demand to meet incremental supply from Australia and the U.S.”
    • The reduced price advantage comes as Cheniere Energy (LNG, CQP) finishes construction of its Louisiana export terminal, which is poised to send the first shipment of liquefied natural gas from the continental U.S. before the end of the year.
    • ETFs: UNG, UGAZ, DGAZ, BOIL, GAZ, FCG, GASL, KOLD, UNL, DCNG
    | Mon, Aug. 24, 7:39 PM | 21 Comments
  • Fri, Aug. 21, 4:10 PM
    | Fri, Aug. 21, 4:10 PM | 5 Comments
  • Fri, Aug. 14, 4:31 PM
    | Fri, Aug. 14, 4:31 PM | 6 Comments
  • Tue, Aug. 4, 8:05 PM
    • The utilities (NYSEARCA:XLU) sector was Wall Street's biggest decliner today as natural gas was the surprise loser from Pres. Obama’s climate plan, with the White House apparently abandoning its previous enthusiasm for gas as a cleaner alternative to coal.
    • Gas producers were "confused and disappointed" that the administration eliminated an earlier projection that natural gas would contribute much more electricity, instead increasing the role of renewables; also perplexed were utility companies, who have led a power transformation and spent hundreds of millions of dollars to switch generating plants from coal to shale gas.
    • American Electric Power (NYSE:AEP) CEO Nicholas Akins says the U.S. does not have the luxury of being able to ditch nat gas, saying the only way to power big industrial processes is through large-scale, 24-hour generation close to consumers - “solar doesn’t provide that and wind doesn’t provide that."
    • The final plan is considered a boon for companies such as SolarCity (NASDAQ:SCTY) and NextEra Energy (NYSE:NEE) that have invested billions in renewable generation, but Sanford Bernstein calls NRG Energy (NYSE:NRG) the biggest potential loser from the plan, saying profits in some scenarios could tumble by half because most of its electricity comes from coal plants that are in EPA’s cross-hairs.
    • ETFs: XLE, XLU, VDE, ERX, OIH, KOL, UTG, IDU, VPU, ERY, FCG, DIG, GASL, DUG, BGR, IYE, GUT, BUI, FENY, FIF, PXJ, RYE, FUTY, RYU, UPW, FXN, FXU, DDG, SDP
    | Tue, Aug. 4, 8:05 PM | 97 Comments
  • Sun, Aug. 2, 8:41 AM
    • President Obama will unveil the final version of his plan to tackle greenhouse gases from coal-fired power plants on Monday, in what he calls the nation's most important step to combat climate change.
    • The revised Clean Power Plan will seek to slash carbon emissions from the power sector 32% from 2005 levels in 2030, and will require each state to submit a plan next year that spells out how it will meet the goal assigned to it.
    • ETFs: XLE, VDE, ERX, OIH, XOP, ERY, FCG, DIG, GASL, PBW, DUG, BGR, XES, IYE, IEO, IEZ, QCLN, FENY, PXE, PXI, FIF, PXJ, PSCE, NDP, RYE, GRN, FXN, PUW, DDG, HECO, DRIP, GUSH
    | Sun, Aug. 2, 8:41 AM | 143 Comments
  • Fri, Jul. 24, 4:16 PM
    | Fri, Jul. 24, 4:16 PM | 1 Comment
  • Fri, Jul. 17, 4:11 PM
    | Fri, Jul. 17, 4:11 PM | 1 Comment
  • Tue, Jul. 14, 8:12 AM
    • Crude oil prices tumble as Iran reaches a nuclear deal with the group of six nations led by the U.S., raising the prospect of a doubling of Iranian oil exports into a world already awash with crude.
    • Brent crude -0.8% to $57.40/bbl, while WTI crude futures -1.1% at $51.66/bbl, both well off earlier lows.
    • The IEA believes Iran could raise production by 600K-800K bbl/day within months of sanctions being lifted, but there is considerable debate over the impact the lifting of sanctions would have on oil prices.
    • The accord "doesn’t mean new Iranian oil overnight," says Energy Aspects analyst Amrita Sen. "The sanctions will take time to be lifted, Iran’s upstream has been neglected for years so the companies will take time before they go back in and they’re able to stabilize production."
    • Major global oil producers are modestly lower in premarket trading.
    • ETFs: USO, OIL, XLE, UCO, UWTI, VDE, ERX, OIH, SCO, XOP, BNO, DBO, DWTI, ERY, FCG, DIG, GASL, DTO, DUG, BGR, USL, XES, IYE, IEO, IEZ, DNO, FENY, PXE, PXI, PXJ, FIF, OLO, SZO, NDP, RYE, FXN, OLEM, DDG, GUSH, DRIP
    | Tue, Jul. 14, 8:12 AM | 19 Comments
  • Thu, Jul. 2, 4:11 PM
    | Thu, Jul. 2, 4:11 PM | Comment!
  • Fri, Jun. 19, 4:14 PM
    | Fri, Jun. 19, 4:14 PM | 1 Comment
  • Fri, Jun. 12, 4:15 PM
    | Fri, Jun. 12, 4:15 PM | Comment!
  • Fri, Jun. 5, 11:49 AM
    • Analysts say yesterday's release of a landmark EPA study that found fracking had no widespread impact on drinking water makes it less likely that the Obama administration or Congress will strip a 2005 exemption of fracking from drinking water laws and that the EPA will move to tighten rules on disclosure of the chemicals used and limits on the methane emitted.
    • "The EPA fracking study does not appear likely to spur additional federal water regulation beyond initiatives that are already in process," ClearView Energy Partners analyst Kevin Book writes.
    • That’s seen as good news for companies such as Halliburton (NYSE:HAL) and Schlumberger (NYSE:SLB), the largest oil services companies, as well as producers such as Exxon Mobil (NYSE:XOM) and Chesapeake Energy (NYSE:CHK), as they weather lower oil and natural gas prices.
    • The study "is absolutely consistent with all the previous studies that show that effective well containment practices make hydraulic fracturing a very safe practice,” XOM said after the report's release.
    • ETFs: XLE, VDE, ERX, OIH, XOP, ERY, FCG, DIG, GASL, DUG, BGR, XES, IYE, IEO, IEZ, FENY, PXE, FIF, PXJ, NDP, RYE, FXN, DDG
    | Fri, Jun. 5, 11:49 AM | 124 Comments
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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.
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