Natural Gas Companies Benefitting From Surging Natural Gas Prices in 2013
Five Star Equities Provides Stock Research on Devon Energy and WPX Energy
NEW YORK, NY -- (Marketwire) -- 03/20/13 -- Things are slowly starting to turn around for Natural Gas as warmer weather and falling supplies have sent futures to a 16-month high. Natural gas for April delivery on the New York Mercantile Exchange touched $3.965 a million British thermal Monday, the highest since October 2011. Five Star Equities examines the outlook for companies in the Natural Gas Industry and provides equity research on Devon Energy Corp. (NYSE: DVN) and WPX Energy Inc. (NYSE: WPX).
Access to the full company reports can be found at:
Forecasts for colder temperatures in major consuming regions across the U.S. have been a major cause for the recent surge in prices. Historically, around this time of year temperatures are on the rise and the demand for heating begins to fall. MDA Weather Services has forecasted mostly lower-than-normal temperatures for most of the U.S. throughout the rest of March. Since hitting a four-month low of 3.125 per million British thermal units in mid-February prices for the commodity have surged approximately 20 percent.
Prices for the commodity have also received a boost from a steep decline in inventories. Last week, the Energy Information Administration reported stockpiles declined 146 billion cubic feet, compared with a decline of 66 billion cubic feet in the same week a year ago.
Five Star Equities releases regular market updates on the Natural Gas Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.FiveStarEquities.com and get exclusive access to our numerous stock reports and industry newsletters.
Devon Energy produces about 2.6 billion cubic feet of natural gas each day -- more than 3 percent of all the gas consumed in North America. The company also owns natural gas pipelines and treatment facilities in many of our producing areas, making us one of North America's larger processors of natural gas liquids. Shares of the company have gained approximately 10 percent year-to-date.
WPX Energy operates in the best natural gas, natural gas liquids and oil basins in the nation: the Piceance, the Marcellus and the Bakken. The company also has domestic operations in the San Juan and Powder River basins, as well as a 69 percent interest in Apco Oil and Gas International. As of Dec. 31, 2012, WPX's domestic proved reserves were nearly 4.5 trillion cubic feet equivalent.
Five Star Equities provides Market Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. Five Star Equities has not been compensated by any of the above-mentioned companies. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at: