Natural gas prices were range bound for the better part of the last decade, oscillating between $2 and $4 per million British thermal units (MMBtu) with the occasional spike outside that tight range.
Prior to the invasion of Ukraine by Russia and the levying of numerous sanctions on Russia by the U.S., members of Congress purchased defense and energy stocks. Here’s a look at the trades.
If history is any guide, there may be good fortune ahead for shares of Energy Transfer (NYSE:ET). A so-called "golden cross" has formed on its chart and, not surprisingly, this could be bullish for the stock.
Companies Reporting Before The Bell
• Babcock & Wilcox (NYSE:BW) is likely to report quarterly earnings at $0.10 per share on revenue of $196.62 million.
Someone with a lot of money to spend has taken a bearish stance on Energy Transfer (NYSE:ET).
And retail traders should know.
We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.