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Path Investments Plc

Natural gas is rebounding

Very hot weather is expected to hit the U.S. next week, and that could be good news for natural gas producers. Air conditioners will be running at full throttle to keep homes cool during the heat wave, and natural gas accounts for an increasing portion of electricity generation.

EBW Analytics Group CEO Andrew Weissman says that analysts are anticipating “some of the hottest mid-July weather on record.”

That heat wave and other factors are making analysts and investors more bullish on natural gas. Natural gas futures hit lows of $1.48 per million British thermal units on June 25, and averaged just $1.63 in June, the lowest monthly price since at least 1989 on an inflation-adjusted basis, according to the Energy Information Administration. But futures have since rebounded, rising more than 20% since the lows. 

Path Investments plc (LON:PATH) is an energy investment company, and is focused on making investments in the energy sector on a global basis. The company seeks to create value for its shareholders through acquisitions, joint ventures or direct interests in energy businesses or associated projects.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.