Streetbeat News

FCG

First Trust Natural Gas ETF

https://www.ftportfolios.com/Retail/etf/etfsummary.aspx?Ticker=FCG

Industry

Asset Management

The fund will normally invest at least 90% of its net assets (including investment borrowings) in the common stocks, depositary receipts and MLP units that comprise the index. The index is designed to track the performance of mid and large capitalization companies that derive a substantial portion of their revenues from midstream activities and/or the exploration and production of natural gas.

Open

25.06

Mkt cap

366M

Volume

802K

High

25.07

P/E Ratio

5.16

52-wk high

28.72

Low

24.79

Div yield

0.03

52-wk low

22.42

The First Trust Natural Gas ETF (FCG), launched on 05/08/2007, offers investors broad exposure to the Energy ETFs category, focusing on smart beta strategies.

Portfolio Pulse from

November 06, 2024 | 12:30 pm

Woodside Energy's stock is trading higher after reporting its first-half FY24 results. Despite a decline in revenue and profit, the company exceeded profit expectations and made significant progress on key projects. The stock is accessible via the First Trust Natural Gas ETF.

Portfolio Pulse from Lekha Gupta

August 27, 2024 | 12:07 pm

Occidental Petroleum (NYSE: OXY) exceeded Q2 earnings expectations but received a neutral outlook from analysts due to concerns over its balance sheet, slowing chemicals business, and asset sales strategy. Despite the earnings beat, analysts expect a neutral impact on the stock's near-term performance. ETFs tracking the stock also saw gains.

Portfolio Pulse from Michael Juliano

August 08, 2024 | 4:23 pm

US natural gas prices have surged to a 5-month high due to forecasts of hot weather, leading to increased cooling demand. This has positively impacted several energy stocks, particularly those involved in the natural gas market.

Portfolio Pulse from Piero Cingari

June 10, 2024 | 4:30 pm

Oil prices fell as OPEC+ postponed its meeting to discuss output quotas due to a dispute over African quota with Nigeria and Angola. Brent crude dropped below $80 a barrel, and WTI fell to $74.61. The USO ETF declined by 1.7% in pre-market trade, while the FCG ETF was down 2.6%. High supply and lower demand, along with record U.S. production and warmer weather, are influencing the market. Saudi Arabia and Russia may consider deeper production cuts at the upcoming meeting, which could impact prices.

Portfolio Pulse from Neil Dennis

November 27, 2023 | 1:34 pm

A subsea gas pipeline and a telecommunications cable connecting Finland and Estonia have been damaged in a suspected deliberate act. The Balticconnector gas pipeline was shut down due to a potential gas leak, and the damaged telecommunications cable raised concerns about regional connectivity. Despite the damage, Finland's energy supply remains stable, and no gas shortages are expected. The incident has caused European gas prices to surge, reaching a six-month high. Finnish telecommunications operator Elisa confirmed that the damaged cable did not disrupt its services.

Portfolio Pulse from Vandana Singh

October 10, 2023 | 6:53 pm

The director of California's Division of Petroleum Market Oversight (DPMO), Tai Milder, has raised concerns over rising gasoline prices in a letter to Governor Gavin Newsom. The DPMO's review of recent data revealed that some refineries failed to maintain adequate gasoline levels or import enough fuel to compensate for production shortfalls during the summer. This has contributed to the surge in prices and planned and unplanned refinery outages. The rising cost of crude oil, driven by Russia's invasion of Ukraine, has also contributed to the price increase.

Portfolio Pulse from Vandana Singh

September 26, 2023 | 4:35 pm

Workers at Chevron Corporation's (NYSE:CVX) LNG projects in Australia have gone on strike, potentially disrupting exports and raising LNG prices. The strikes began at Chevron's Gorgon and Wheatstone facilities, which accounted for about 7% of global LNG supply last year. If no deal is reached by next Wednesday, the workers plan to stop work completely for two weeks starting September 14. Woodside Energy Group Ltd (NYSE:WDS) was also initially threatened with strikes, but reached a settlement with its workforce.

Portfolio Pulse from Vandana Singh

September 08, 2023 | 1:15 pm

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