Many investors were hoping for a colder week last week to lead to a larger drawdown in natural gas reserves than we actually saw; storage remains at historic levels, which has natural gas prices down today. In this video, Motley Fool Energy Analyst Taylor Muckerman discusses how this was actually great news for Niska Gas Storage (NYSE: NKA). He also talks bout other news in natural gas today, such as ConocoPhillips (COP 1.07%) discussing a potential pipeline project, with some very major and very interesting potential partners.
Great news for Niska Gas Storage.
Joel South has no positions in the stocks mentioned above. Taylor Muckerman has no positions in the stocks mentioned above. The Motley Fool owns shares of Transocean and ExxonMobil. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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