Energy stocks received a boost Friday as a tropical storm threatened to shut down roughly half of the oil and natural gas production in the Gulf Coast. The United States Natural Gas Fund, LP (NYSEARCA: UNG) spiked 3.32 percent to close at $18.66 Monday. Production in the Gulf accounts for approximately 23 percent of total crude production and 7 percent of natural gas production in the U.S. By Friday companies operating in the Gulf have shut down roughly 40 percent of total natural gas production. Here is how some energy stocks reacted Monday:
Quicksilver Resources Inc. (NYSE: KWK) shares traded in the range of $2.23 to $2.40 Monday before settling to close at $2.40, an increase of 4.80 percent. The stock appears to be facing some resistance at the $2.58 and $2.85 levels with some support at $2.28. Shares of Quicksilver Resources have gained approximately 60.0 percent in 2013.
More information on Quicksilver Resources and access to the free equity report can be found at:
www.WallStreetFundamentals.com/KWK
Range Resources Corp. (NYSE: RRC) shares traded in the range of $75.29 to $77.13 Monday before settling to close at $75.56, a decrease of 1.31 percent. The stock appears to be facing some resistance at the $75.65 and $76.82 levels with some support at $74.98. Shares of Range Resources have gained approximately 20.0 percent year-to-date.
More information on Range Resources and access to the free equity report can be found at:
www.WallStreetFundamentals.com/RRC
Ultra Petroleum Corp. (NYSE: UPL) shares traded in the range of $21.51 to $21.99 Monday before settling to close at $21.69, an increase of 1.02 percent. The stock appears to be facing some resistance at the $21.79 and $22.21 levels with some support at $21.51. Shares of Ultra Petroleum have gained approximately 20.0 percent in 2013.
More information on Ultra Petroleum and access to the free equity report can be found at:
www.WallStreetFundamentals.com/UPL
EXCO Resources Inc. (NYSE: XCO) shares traded in the range of $6.62 to $6.75 Monday before settling to close at $6.63, a decrease of 1.63 percent. The stock appears to be facing some resistance at the $6.77, $6.95 and $7.24 levels. Shares of EXCO Resources have fallen approximately 2.0 percent in 2013.
More information on EXCO Resources and access to the free equity report can be found at:
www.WallStreetFundamentals.com/XCO
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