Producers Struggle to Benefit From Improving Natural Gas Market
04 Mayo 2011 - 7:16AM
Marketwired
As surging oil prices begin to dampen the strength of the global
economic recovery, investors are hopeful that the natural gas
sector will get a boost from a stronger push for alternative
sources of energy. With clean energy still a top priority,
Americans have begun heralding shale gas as a cheap and clean
transitional fuel to renewable energy. The Bedford Report examines
investing opportunities in natural gas and provides research
reports on Chesapeake Energy Corporation (NYSE: CHK) and Delta
Petroleum Corporation (NASDAQ: DPTR). Access to the full company
reports can be found at:
www.bedfordreport.com/2011-05-CHK
www.bedfordreport.com/2011-05-DPTR
Natural Gas prices have been on the upswing in recent weeks
supported by increased gas use from the power sector following
outages at nuclear plants. A vast amount of nuclear power stations
were shut down for maintenance last month, boosting the need for
gas-fired electricity. Martin King, an analyst with FirstEnergy
Capital, noted that the amount of natural gas added to US storage
in April was likely to be the lowest in five years.
The Bedford Report releases regular market updates on the
natural gas sector 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.bedfordreport.com and
get exclusive access to our numerous analyst reports and industry
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Although higher prices are welcome news for producers, natural
gas is expensive to drill and energy companies are required to sign
leases that require that they keep producing. This has led to
shrinking bottom lines for natural gas producers such as Chesapeake
and Delta Petroleum.
Earlier this week Chesapeake reported a $205 million loss during
the first quarter on revenues of $1.61 billion. Chesapeake said its
year-over-year growth rate of natural gas production was 16
percent, and for oil and natural gas liquids, it was 56
percent.
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