Look out for natural gas Monday
posted on July 31, 2009 at 6:00 pm
Last week it was oil companies reporting their earnings numbers.
Monday investors get a big dose of numbers from natural companies.
The earnings aren’t likely to be pretty although since many producers wrote down billions in assets last quarter–Chesapeake Energy (CHK), for example, wrote down $6 billion in assets–the numbers won’t stun investors this time around.
The big issue for natural gas stocks–and for the shares of coal producers who compete with them–is when companies will start cutting production so that supply can fall closer to demand. Read more
