Vanguard Natural Resources, LLC Unit (NASDAQ: VNR)
Vanguard Natural Resources is having an overwhelmingly positive day in the market today. When the opening bell rang, the stock found itself well in the green. Since then, we’ve only seen further gains, making the profits bigger for those involved. Below, we’ll talk about what we’re seeing from the stock, why, and what we’ll be watching for with regard to VNR ahead.
What We’re Seeing From VNR
As mentioned above, Vanguard Natural Resources is having a very strong day in the market today. As soon as the trading session started, the stock was up in a big way. Since then, we’ve only seen steady gains continuing to increase its value. Currently (12:06), VNR is trading at $1.13 per share after a gain of $0.12 per share (11.95%) thus far today.
Why The Stock Is Headed Up
As always, when the CNA Finance team got the pin from Trade Ideas about the gains, we started searching for the reason the stock was moving. In this particular case, there are a few fundamental reasons that the stock has been on a bullish run. At the end of the day, the market is ripe for natural gas companies like VNR.
First and foremost, we’re heading into the winter months, and this year seems to be bringing some very low temperatures. This means that demand for natural gas for the purpose of heating homes is likely to climb, leading to gains in price. On top of that, with Trump coming into office, any American company that pulls value from underneath the soil of the United States will likely do well. All in all, things are simply looking up for Vanguard Natural Resources and investors are reacting.
What We’ll Be Watching Ahead
Moving forward, the CNA Finance team will be keeping an incredibly close eye on VNR and the natural gas sector as a whole. All in all, things are shaping up well for the sector. We’re interested in seeing sales reports, considering the harsh beginning to winter. We’re also interested in Donald Trump’s presidency, as it may change the way the US looks at energy. Nonetheless, we’ll keep a close eye on the news and bring it to you as it breaks!
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