2013-03-22 13:20:55 -
NEW YORK, NY -- (Marketwire) -- 03/22/13 -- Things are slowly starting to turn around for the Natural Gas as warmer weather and falling supplies have sent futures to a 16-month high. Natural Gas for April delivery on the New York Mercantile Exchange touched $3.965 a million British thermal Monday, the highest since October 2011. Five Star Equities examines the outlook for companies in the Natural Gas Industry and provides equity research on Apache Corporation (NYSE: APA) and Cabot Oil & Gas Corporation (NYSE: COG).
Access to the full company reports can be found at:
www.FiveStarEquities.com/APA : ctt.marketwire.com/?release=999588&id=2774164&type=1& ..
www.FiveStarEquities.com/COG : ctt.marketwire.com/?release=999588&id=2774167&type=1& ..
Forecasts for colder temperatures in major consuming regions across the U.S. have been a major cause for the recent surge in prices. Historically, around this time of year temperatures are on the rise and the demand for heating begins to fall. MDA Weather Services has forecasted mostly lower-than-normal temperatures for most of the U.S. throughout the rest of March. Since hitting a four-month low of 3.125 per million British thermal units in mid-February prices for the commodity have surged approximately 20 percent.
Prices for the commodity have also received a boost from a steep decline in inventories. Last week, the Energy Information Administration reported stockpiles declined 146 billion cubic feet, compared with a decline of 66 billion cubic feet in the same week a year ago.
Five Star Equities releases regular market updates on the Natural Gas Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.FiveStarEquities.com : ctt.marketwire.com/?release=999588&id=2774170&type=1& ..
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Apache Corp. is an oil and gas exploration and production company with operations in the U.S., Canada, Egypt, the United Kingdom North Sea, Australia and Argentina. The company reported record fourth quarter production of an average of 779,000 barrels of oil equivalent per day, an increase of 5.4 percent when compared with the year ago quarter.
Cabot Oil & Gas is a leading independent natural gas producer with its entire resource base located in the continental United States. As of December 31, 2012 the Company had approximately 3,842 Bcfe of total proved reserves. Approximately 96% of Cabot's reserves and 95% of Cabot's production is natural gas. Shares of the company have surged roughly 35 percent year-to-date.
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