The big move is happening in the exchange-traded product of United States Natural Gas (AMEX: UNG) with a 5.1% gain to $18.03. If you want to something really wild, the VelocityShares 3x Long Natural Gas ETN (AMEX: UGAZ) is up over 15% at $24.12 due to its triple-leverage.
Devon Energy Corporation (NYSE: DVN) is down 0.8% at $56.91 with a $23 billion market value while Encana Corporation (NYSE: ECA) is up 0.7% at $22.26 with a $16.4 billion market value.
Westport Innovations Inc. (NASDAQ: WPRT) is up 3.8% at $30.09 and volume is light so far today. T. Boone Pickens, who last week predicted that nat-gas would reach $3.00 again by next summer, is not finding trader love on his Clean Energy Fuels Corp. (NASDAQ: CLNE) as the shares are down 1.6% at $13.78.
Chesapeake Corporation (NYSE: CHK) is also not finding any love today, but it is of course trading around company-specific sentiment right now due to its ongoing pressure against management and CEO Aubrey McClendon. Chesapeake shares are down 1.4% at $17.84.
Usually we see a move in the producers that coincides with the direction of the commodity. Monday is so far only showing a mixed bias.
JON C. OGG
Contact [email protected] for any questions or corrections.
Top Gaining Stocks
Top Losing Stocks