Natural Gas Stocks LNG, CHK, EQT, SWN Sink as Gas Prices Fall
July 2022 is off to a turbulent start for the liquified natural gas (LNG) sector. Prices began the month by rising, pushing natural gas stocks and the ProShares Ultra Bloomberg Natural Gas (NYSEARCA: BOIL ) exchange-traded fund into the green . But since then, the LNG producers that were quick to rise last week have been trending steadily downward as experts cast a skeptical eye toward the sector. Uncertainty is creeping in, and one prominent agency thinks global demand is about to slow down. What’s Happening to Natural Gas Stocks Since markets opened after the long weekend, natural gas stocks have been in free fall. Industry leader Cheniere Energy (NYSEAMERICAN: LNG ) attempted to rally after an early morning fall, but has been volatile overall. As of this writing, it is down 3%. The future looks more questionable for some of its peers. EQT Corporation (NYSE: EQT ) is down 6% for the morning and shows no signs of a rebound. Things look worse for Chesapeake Energy (NASDAQ: CHK ) and Southwestern Energy (NYSE: SWN ), both of which are down roughly 8%.
Natural Gas Stocks LNG, CHK, EQT, SWN Sink as Gas Prices Fall
July 2022 is off to a turbulent start for the liquified natural gas (LNG) sector. Prices began the month by rising, pushing natural gas stocks and the ProShares Ultra Bloomberg Natural Gas (NYSEARCA: BOIL ) exchange-traded fund into the green . But since then, the LNG producers that were quick to rise last week have been trending steadily downward as experts cast a skeptical eye toward the sector. Uncertainty is creeping in, and one prominent agency thinks global demand is about to slow down. What’s Happening to Natural Gas Stocks Since markets opened after the long weekend, natural gas stocks have been in free fall. Industry leader Cheniere Energy (NYSEAMERICAN: LNG ) attempted to rally after an early morning fall, but has been volatile overall. As of this writing, it is down 3%. The future looks more questionable for some of its peers. EQT Corporation (NYSE: EQT ) is down 6% for the morning and shows no signs of a rebound. Things look worse for Chesapeake Energy (NASDAQ: CHK ) and Southwestern Energy (NYSE: SWN ), both of which are down roughly 8%.