Natural-gas futures have nearly doubled from the lows they hit in June, a remarkable turnaround for a commodity that has mostly been regarded as oil’s less popular sibling over the past few years.
Natural gas closed at $2.88 per million British thermal units on Monday, up 5.1% on the day and at a new 52-week high. It rose as high as $2.95 during the day, coming just short of a two-year high. Stocks of gas producers were rising sharply too: EQT (ticker: EQT) was up 5% and Cabot Oil & Gas gained 3%.
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.