Natural gas prices have gained approximately 31.0 percent to begin 2014 as forecasts continue to call cold weather across the nation. On Monday, natural gas futures spiked over 10.0 percent to reach a four-year high. "Continuing frigid temps across much of the U.S. is causing record amounts of natural-gas consumption in concert with record storage withdrawals," said Beth Sewell, managing partner at Quantum Power & Gas Services. "Possible production freeze offs are the root cause of the run up in light of a new mid-term weather forecast calling for continued cold temps for the next few weeks."
Chesapeake Energy Corporation (NYSE: CHK) shares traded in the range of $26.35 to $27.55 Wednesday before settling to close at $27.17, an increase of 1.53 percent. The stock appears to be facing some resistance at the $27.26 and $27.72 levels with some support at $26.75. Shares of Chesapeake Energy are up approximately 40.0 percent in the past year.
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Cheniere Energy, Inc. (NYSEMKT: LNG) shares traded in the range of $43.39 to $44.58 Wednesday before settling to close at $43.66, a decrease of 2.22 percent. The stock appears to be facing some resistance at the $44.83 and $46.79 levels with some support at $42.40. Shares of Cheniere Energy have gained over 100.0 percent in the past year.
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Ultra Petroleum Corp. (NYSE: UPL) shares traded in the range of $22.92 to $24.16 Wednesday before settling to close at $23.77, an increase of 1.58 percent. The stock appears to be facing some resistance at $23.91 with some support at the $23.35 and $22.46 levels. Shares of Ultra Petroleum are up approximately 25.0 percent in the past year.
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Exxon Mobil Corporation (NYSE: XOM) shares traded in the range of $94.65 to $96.20 Wednesday before settling to close at $95.11, a decrease of 0.56 percent. The stock appears to be facing some resistance at the $95.72 and $96.50 levels with some support at $93.26. Shares of Exxon Mobil have gained approximately 4.0 percent in the past year.
More information on Exxon Mobil and access to the free equity report can be found at:
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