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 +0.62%) discussing a potential pipeline project, with some very major and very interesting potential partners.
Great news for Niska Gas Storage.
About the Author
Taylor Muckerman was lead energy & materials analyst for fool.com from 2012-2013. He is now Head of Retention for Motley Fool Canada.