Is Oil’s Performance Affecting Natural Gas–Weighted Stocks?
The natural gas–weighted stocks under review that are sensitive to US crude oil October futures’ movements based on their correlations with US crude oil October futures in the last five trading sessions are as follows: Range Resources (RRC) at 94.8% Gulfport Energy (GPOR) at 82% Cabot Oil & Gas (COG) at 78.7% Southwestern Energy (SWN) at 74.9%