Are Gas-Weighted Stocks Ignoring Natural Gas’s Multiyear High?

Are Gas-Weighted Stocks Ignoring Natural Gas’s Multiyear High?

On November 14, natural gas December futures rose 17.9% settled at $4.837 per MMBtu (million British thermal units)—the highest closing level for active natural gas futures since February 26, 2014. The colder winter forecast and natural gas inventories at a double-digit deficit in percentage terms compared to the five-year average are behind the rise in natural gas prices. Natural gas–weighted stocks