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.
EQT Corporation (NYSE: EQT) shares traded in the range of $96.40 to $98.54 Friday before settling to close at $98.53, an increase of 1.75 percent. The stock appears to be facing some resistance at the $99.56 and $102.07 levels with some support at $93.91 and $92.40. Shares of EQT have gained approximately 10.0 percent year-to-date.
More information on EQT and access to the free equity report can be found at:
www.WallStreetFundamentals.com/EQT
Petroquest Energy Inc. (NYSE: PQ) shares traded in the range of $5.41 to $5.64 Friday before settling to close at $5.45, a decrease of 0.73 percent. The stock appears to be facing some resistance at the $5.52 and $5.79 levels with some support at $5.02 and $4.82. Shares of Petroquest Energy have gained approximately 26.0 percent year-to-date.
More information on Petroquest Energy and access to the free equity report can be found at:
www.WallStreetFundamentals.com/PQ
Southwestern Energy Company (NYSE: SWN) shares traded in the range of $45.42 to $45.96 Friday before settling to close at $45.81, an increase of 0.61 percent. The stock appears to be facing some resistance at $47.09 with some support at the $45.54 and $44.80 levels. Shares of Southwestern Energy have gained approximately 16.5 percent year-to-date.
More information on Southwestern Energy and access to the free equity report can be found at:
www.WallStreetFundamentals.com/SWN
Ultra Petroleum Corp. (NYSE: UPL) shares traded in the range of $26.54 to $27.26 Friday before settling to close at $27.05, an increase of 1.16 percent. The stock appears to be facing some resistance at $27.37 with some support at the $25.59 and $24.88. Shares of Ultra Petroleum have gained approximately 25.0 percent year-to-date.
More information on Ultra Petroleum and access to the free equity report can be found at:
www.WallStreetFundamentals.com/UPL
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