Why Natural Gas Recovery Could Affect Gas-Weighted Stocks

However, between July 31, 2017, and August 7, 2017, natural gas September futures rose just 0.30%. During that time period, the S&P 500 Index (SPY) and the Dow Jones Industrial Average Index rose 0.40% and 1.4%, respectively. These equity indexes have some exposure to oil and gas companies.

Also, the rise in US crude oil production could increase natural gas supplies, a factor that could limit natural gas’s upside. We looked at US crude oil production in Part 1 of this series.

Our natural gas–weighted stocks in this series belong to the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) and operate with a minimum production mix of at least 60.0% in natural gas…


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