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Search resuls for: "Richard Eden"


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Oil and natural gas prices tumbled further Thursday, dragging down Club holding Coterra Energy (CTRA) and other energy stocks along the way. And in this moment, the group is out of favor amid declining oil and natural gas prices. Natural gas prices dropped more than 4% Thursday, to roughly $3.044 per million British thermal units, or MMBtu. Meanwhile, weather forecasts hold significant sway over demand for natural gas. And on Thursday, the EIA said natural gas in storage rose by 60 billion cubic feet, which was more than the market expected, according to FactSet.
Persons: that's, Jim Cramer, Coterra, Jim, Eli Rubin, Jim Cramer's, Richard Eden Organizations: Coterra Energy, Texas, U.S, Energy Information Administration, EBW Analytics, CNBC, Silhouette, Getty Locations: U.S, Midland , Texas
To be sure, even with Monday's advance, oil prices remain well off their late September peaks. In addition to receiving a lift from crude's gain, Coterra is benefiting from the continued strength in natural gas. On Monday, natural gas futures rose another 1%, to around $3.37 per million British thermal units. Last week, natural gas surged 14% to reach its highest price since late January. The stock's massive outperformance Friday means that any financial benefit Pioneer would receive from Monday's higher oil prices was already captured in the session prior.
Persons: Morgan Stanley, Israel, Brent, WTI, John Kilduff, Jim Cramer, Jim, Pioneer's, CNBC's David Faber, Exxon's, Jim Cramer's, Richard Eden Organizations: Hamas, Natural Resources, Coterra Energy, West Texas, Brent, Gaza, CNBC, Energy, State Street Global Advisors, P Oil & Gas Exploration, Production, Exxon Mobil, Journal, Club, Exxon, Denbury Inc, Silhouette, Getty Locations: Palestinian, Israel, U.S, Palestinian Territories, Houston, Midland , Texas
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