Natural gas prices have gained approximately 31.0 percent to begin 2014 as forecasts continue to call cold weather across the nation. On Monday, natural gas futures spiked over 10.0 percent to reach a four-year high. "Continuing frigid temps across much of the U.S. is causing record amounts of natural-gas consumption in concert with record storage withdrawals," said Beth Sewell, managing partner at Quantum Power & Gas Services. "Possible production freeze offs are the root cause of the run up in light of a new mid-term weather forecast calling for continued cold temps for the next few weeks."
Cabot Oil & Gas Corporation (NYSE: COG) shares traded in the range of $39.26 to $40.94 Wednesday before settling to close at $40.49, an increase of 0.30 percent. The stock appears to be facing some resistance at $40.57 with some support at the $39.92 and $38.86 levels. Shares of Cabot Oil & Gas are up approximately 50.0 percent in the past year.
More information on Cabot Oil & Gas and access to the free equity report can be found at:
www.WallStreetFundamentals.com/COG
Devon Energy Corp. (NYSE: DVN) shares traded in the range of $58.21 to $59.57 Wednesday before settling to close at $59.01, a decrease of 0.47 percent. The stock appears to be facing some resistance at the $59.87 and $61.86 levels with some support at $58.68. Shares of Devon Energy have gained approximately 7.0 percent in the past year.
More information on Devon Energy and access to the free equity report can be found at:
www.WallStreetFundamentals.com/DVN
Gastar Exploration Inc. (NYSEMKT: GST) shares traded in the range of $5.78 to $5.99 Wednesday before settling to close at $5.80, a decrease of 4.13 percent. The stock appears to be facing some resistance at the $5.96 and $6.29 levels with some support at $5.26. Shares of Gastar Exploration have gained over 400.0 percent in the past year.
More information on Gastar Exploration and access to the free equity report can be found at:
www.WallStreetFundamentals.com/GST
Southwestern Energy Company (NYSE: SWN) shares traded in the range of $40.98 to $42.30 Wednesday before settling to close at $41.88, an increase of 0.75 percent. The stock appears to have some support at the $41.53, $40.65 and $40.21 levels. Shares of Southwestern Energy are up approximately 20.0 percent in the past year.
More information on Southwestern Energy and access to the free equity report can be found at:
www.WallStreetFundamentals.com/SWN
Wall Street Fundamentals offers our members a full range of investor services including in-depth equity reports on your favorite companies and timely market updates featuring the hottest stocks trending in the marketplace.
Activate your always free membership by signing up at www.WallStreetFundamentals.com today.
Disclaimer: Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. Wall Street Fundamentals has no financial relationship with any company whose stock is mentioned in this release.
Contact:
Wall Street Fundamentals
Website: www.WallStreetFundamentals.com
Email: editor@wallstreetfundamentals.com