Cold weather lifts stocks of natural gas drillers
Shares of companies that drill for natural gas rose Tuesday as snow and cold weather blanketed the Midwest and Northeast. More icy weather is expected this week.
Natural gas is used to heat homes, businesses and water and demand spikes during cold winter weather. On Tuesday, natural gas futures hit a 4-year high after forecasters said they expected more cold weather in large parts of the country.
Here's how some natural gas companies fared on Tuesday:
— Cabot Oil & Gas Corp.: Up $2.15, or 5.5 percent, to close at $41.61
— Chesapeake Energy Corp.: Up 55 cents, or 2.1 percent, to close at $26.54
— Clayton Williams Energy Inc.: Up $7.80, 11.5 percent, to close at $75.76
— Devon Energy Corp.: Up $1.47, or 2.5 percent, to close at $59.32
— Pioneer Natural Resources Co.: Up $6.70, or 4.1 percent, to close at $171.91
— QEP Resources Inc.: Up 63 cents, or 2.1 percent, to close at $30.76
— Range Resources Corp.: Up $2.66, or 3.1 percent, to close at $87.65
— Southwestern Energy Co.: Up $1.40, or 3.5 percent, to close at $41.97