In July, three C Three component companies were in negative territory. It appears that rising water raised many of the companies in the indices. The market probably factored in the demise of cap and trade for companies most logically impacted.
Less Regulated Gas Significantly Cools
Continued announcements of increasing natural gas reserves driven by new extraction techniques have taken a toll on companies such as National Fuel Gas, EQT (formerly Equitable Resources) and Energen. This discounting, however, seems to ignore the longer-term increasing demand forecast driven by new natural gas-fired electric generation capacity additions.