BUZZ-Natgas firms rise on higher prices after hurricane Helene forces production shut-ins

Reuters · 09/27 15:23
BUZZ-Natgas firms rise on higher prices after hurricane Helene forces production shut-ins

** Shares of natural gas companies rise, tracking natgas futures that jumped to a 14-week high earlier in the session NGA/

** U.S. natgas prices NGc1 up 4.4% at $2.87 per mln British thermal units (mmBtu), as hurricane Helene battered the U.S. Southeast after causing Gulf of Mexico producers to cut output and knocking out power to millions of customers in Florida, Georgia and the Carolinas

** LNG producers CNX Resources CNX.N up 4.6%, Chesapeake Energy CHK.O up 3.8% and EQT Corporation EQT.N rises 3.9%

** ETFs United States Natural Gas Fund UNG.P up 4.2% and ProShares Ultra Bloomberg Natural Gas BOIL.P rises 8.5%


(Reporting by Pooja Menon in Bengaluru)

((Pooja.Menon@thomsonreuters.com;))