Interesting news on CNN.... we need some GAS official announcement for TEG... I have invested so much in TEG... I can only continue to believe... I just bought more TEG last week and these days... so you can sell if you wish... I am patient
As the stock market is plummeting, this stock is up 12%
From CNN Business' David Goldman
There aren't many ways you could have made money in the stock market today. Cabot Oil & Gas (COG) appears to be one. The natural gas exploration company's stock is up 12% Monday. It's the best-performing stock in the S&P 500 today -- by a long shot. The explanation is a little circuitous, but here goes: Oil is getting absolutely crushed today after Saudi Arabia said it would start a price war with Russia. That means oil production will be less profitable for energy companies. American frackers will have to cut back on oil production. Natural gas is a byproduct of fracking. Less fracking means less gas, which could reduce the substantial natural gas glut that has been weighing on prices. Higher natural gas prices means more profit for companies like Cabot Oil & Gas.
https://edition.cnn.com/business/live-news/stock-market-news-today-030920/h_4abd2cdb4db0a03b8b60c58f216034dc
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