Tristan R. Brown
Alternative energy, long/short equity, commodities, energy

Northwest Natural Gas Is Unlikely To Repeat Its Strong H2 2015 Performance In 2016

Over the last several months, investors in Oregon natural gas utility Northwest Natural Gas (NYSE:NWN) have been unexpectedly surprised by the behavior of the company's share price. Investors endured a tough first half of 2015 that saw the price decline by 14% as natural gas prices stabilized after a sharp fall and expectations of an interest rate increase mounted. The second half of the year saw the shares' losses more than offset as they rebounded more than 20% to a new all-time high. While the Federal Reserve did announce its first rate hike in nearly a decade late in the year, utilities rose broadly as global market volatility prompted a flee to safety. Northwest Natural Gas outperformed even

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