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).
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