Northeast pushed regional New York natural gas prices to their highest level in nine years intraday on Thursday, but prices ended the day at their loftiest mark in five years, Reuters data showed.
PITTSBURGH-- Natural gas company EQT Corp. posted sharply lower net income for the fourth quarter because natural gas prices fell, but strong sales and an increase in gas reserves buoyed shares Thursday. Net income for the fourth quarter fell 47 percent to $48 million on revenue of $490 million.
The Fast Money traders discuss news that Microsoft is in talks with Silver Lake to invest between $1 billion and $3 billion as part of a Dell leveraged buyout. Also, Sasol is going to build the first U.S. plant that will convert nat gas diesel and other liquid fuels, with Andre de Ruyter, Sasol Limited.