Dow Jones - Natural Gas Holds On Dividend Forecast

DJ Natural Gas Holds on Divided Forecast

  By Timothy Puko

  Natural gas futures are holding close to unchanged as weather forecasts that show a mix of warm and cool temperatures
have divided the market.

  Futures for December delivery recently traded up 1.4 cents, or 0.6%, at $2.277/mmBtu on the New York Mercantile
Exchange. Futures briefly touched the lowest intraday price in the last 10 sessions just after 9 a.m., and then
rebounded slightly.

  Prices have received support from colder weather forecasts, with many traders hoping the onset of winter will bring a
traditional boost to both heating demand and prices. About half of U.S. homes rely on gas for heat.

  But while national forecasts are showing some of the coolest temperatures of the season in large parts of the
country, they also show even warmer weather on the way in Eastern and Midwestern markets that use the most gas.
Temperatures more than 8-degrees-Fahrenheit-above-normal will cover the region from Chicago to Boston for most of the
week before Thanksgiving, according to several of Thursday's forecasts.

  "...We are not seeing much shift in the short term weather outlooks capable of sustaining price gains for now," Jim
Ritterbusch, president of energy-advisory firm Ritterbusch & Associates, said in a note.

  The U.S. Energy Information Administration has rescheduled its weekly inventory report from Thursday morning to
Friday. It is a one-week change because of Wednesday's Veterans Day observance.

  Physical gas for next-day delivery at the Henry Hub in Louisiana last traded at $1.985/mmBtu, compared with
Wednesday's range of $2.015-$2.1375. Cash prices at the Transco Z6 hub in New York last traded at $1.80/mmBtu, compared
with Wednesday's range of $1.51 to $1.55.

  Write to Timothy Puko at tim.puko@wsj.com

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  (END) Dow Jones Newswires

  November 12, 2015 10:20 ET (15:20 GMT)

  Copyright (c) 2015 Dow Jones & Company, Inc.

111215 15:20 -- GMT
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