Intermediate uptrend for natural gas approaching major resistance
Peyto Exploration & Development is a good proxy for the movement in the price of natural gas. View the chart for this junior oil company which is positively correlated with the price of natural gas. A big natural gas player, Encana, barely moved in response to the upward movement in natural gas. View the chart for Encana: not a pretty picture.
Relevant articles picked from the web:
- Natural Gas Gains After Inventory Report — Barron’s — April 25, 2013
- TransCanada warns of more delays and higher costs on Keystone — FP — April 27, 2013
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