| Will the Natural Gas Stockpile Rise for the 25th Straight Week? | |
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Natural Gas Prices Test 5-Month Lows despite Warm Weather Estimates (Continued from Prior Part) Natural gas stockpile data
The EIA (U.S. Energy Information Administration) will release the natural gas inventory report on September 24, 2015. For the week ending September 11, 2015, the natural gas in storage rose by 73 Bcf (billion cubic feet) to 3,334 Bcf. Similarly, the natural gas stockpile rose by 68 Bcf to 3,261 Bcf for the week ending September 4, 2015.
EIA natural gas stockpile estimates
Market surveys project that the natural gas stockpile rose by 105 Bcf for the week ending September 18, 2015. US natural gas inventories rose for the 24th consecutive week for the week ending September 11, 2015. However, warm weather could draw down the natural gas inventory. The consensus of the rising natural gas inventory implies that supply is rising and demand is slowing. It will have a negative impact on natural gas prices.
The current natural gas inventory is 15.80% more than the level of 2,878 Bcf last year. It’s also 125 Bcf more than the five-year average of 3,209 Bcf. The record stockpile could also put pressure on natural gas prices despite the warm weather forecast.
The long-term lower natural gas prices impact natural gas producers like EQT (EQT), Rice Energy (RICE), and Cimarex Energy (XEC). They account for 3.55% of the SPDR Oil and Gas ETF (XOP). These stocks’ natural gas production mix is more than 43% of their total production. The falling natural gas prices also impact energy ETFs like the Energy Select Sector SPDR ETF (XLE) and XOP.
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Cimarex Energy Co.
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CODE : XEC |
ISIN : US1717981013 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Cimarex Energy est une société de production minière basée aux Etats-Unis D'Amerique. Cimarex Energy est cotée aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 8,3 milliards US$ (7,2 milliards €). La valeur de son action a atteint son plus haut niveau récent le 23 mai 2018 à 99,89 US$, et son plus bas niveau récent le 30 septembre 2021 à 87,20 US$. Cimarex Energy possède 95 438 121 actions en circulation. |