Markets

SECTOR UPDATE: Gas Related Stocks Could Be On The Move Next Week Amid Reports of Increased Demand

Natural gas-related stocks could be on the move next week if, as a Bloomberg survey suggests, futures climb for the third consecutive time on forecasts for hotter weather that signal increased demand for the power-plant fuel.

"Five of 11 analysts, or 45%, predicted that futures will gain on the New York Mercantile Exchange through May 31. Four, or 36% percent, said gas will decline and two said prices will stay the same. Last week, 69% of participants said gas would decline," Bloomberg reported.

Gas-related stocks that might be worth keeping an eye on include: Peyto Exploration Corp. (PEY.TO), Tourmaline Oil Corp. (TOU.TO), Painted Pony Petroleum Ltd. (PPY.V), Trilogy Energy Corp. (TET.TO), Long Run Exploration Ltd. (LRE.TO), and Delphi Energy Corp. (DEE.TO).

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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