With natural gas inventories currently at an 11-year low, approximately 3 trillion cubic feet of gas will need to be added to stockpiles to meet winter demand. "We're going to be in a tight situation," said Francisco Blanch, Bank of America's head of commodities research. "It will be pretty hard to build inventories to 3.5 trillion cubic feet by the end of the summer season." Natural gas futures on the New York Mercantile Exchange have gained roughly 6.0 percent in 2014.
Quicksilver Resources Inc. (NYSE: KWK) shares traded in the range of $2.62 to $2.77 Friday before settling to close at $2.66, an increase of 1.53 percent. The stock appears to be facing some resistance at the $2.85 and $3.01 levels with some support at $2.61 and $2.45. Shares of Quicksilver Resources have fallen approximately 13.0 percent year-to-date.
More information on Quicksilver Resources and access to the free equity report can be found at:
www.WallStreetFundamentals.com/KWK
Cheniere Energy, Inc. (NYSEMKT: LNG) shares traded in the range of $54.20 to $55.16 Friday before settling to close at $54.87, an increase of 1.37 percent. The stock appears to be facing some resistance at $56.12 with some support at the $54.34 and $53.30 levels. Shares of Cheniere Energy have gained approximately 27.0 percent year-to-date.
More information on Cheniere Energy and access to the free equity report can be found at:
www.WallStreetFundamentals.com/LNG
Range Resources Corp. (NYSE: RRC) shares traded in the range of $84.96 to $86.26 Friday before settling to close at $85.23, a decrease of 0.02 percent. The stock appears to be facing some resistance at the $85.69 and $86.83 levels with some support at $84.21 and $83.49. Shares of Range Resources have gained approximately 1.0 percent year-to-date.
More information on Range Resources and access to the free equity report can be found at:
www.WallStreetFundamentals.com/RRC
SandRidge Energy Inc. (NYSE: SD) shares traded in the range of $6.13 to $6.33 Friday before settling to close at $6.27, an increase of 2.28 percent. The stock appears to be facing some resistance at the $6.32 and $6.58 levels with some support at $6.07 and $5.78. Shares of SandRidge Energy have fallen approximately 3.0 percent year-to-date.
More information on SandRidge Energy and access to the free equity report can be found at:
www.WallStreetFundamentals.com/SD
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