Why Are Natural Gas Prices Struggling?
On June 5, natural gas July futures fell 1.4% and settled at $2.89 per MMBtu (million British thermal units). On the same day, Southwestern Energy (SWN) and Gulfport Energy (GPOR) fell 1.9% and 1%, respectively. In contrast, Chesapeake Energy (CHK) didn’t change. These three stocks were the underperformers on our list of natural gas–weighted stocks.