Is the Slump in Natural Gas Rig Count a Boon for Prices?

The U.S. Energy Department's weekly inventory release showed that natural gas supplies increased less than expected. The positive inventory numbers, together with signs of production pullback and upcoming summer demand, buoyed natural gas futures, which settled with a gain week over week. Despite the increase, the space remains highly susceptible to unpredictable weather patterns, impacting prices and market stability. At this time, we advise investors to focus on stocks like Coterra Energy (CTRA) and Cheni ...