NFG Forecast



Bearish<—>Bullish



80% Confidence




Bullish Case: NFG shows robust upward momentum with a 48.1% increase in price year-on-year. Strong institutional interest and call volume suggest continued bullish sentiment.




Bearish Case: Environmental concerns and high implied volatility on puts indicate market skepticism, potentially leading to downward pressure.




Potential Outcomes:
  • Mean reversion continues (60%)
  • Institutional interventions lead to growth (20%)
  • Market volatility induces decline (15%)
  • External events impact sector (5%)




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January 31, 2025


National Fuel Gas Forecast

NFG        National Fuel Gas











Correlated Assets

Assets that tend to move strongly with NFG



CRS Forecast + Options Trading Strategies   CRS  Carpenter Technology (0.96)


TPB Forecast + Options Trading Strategies   TPB  Turning Point Brands (0.95)


ORI Forecast + Options Trading Strategies   ORI  Old Republic International (0.95)


ERJ Forecast + Options Trading Strategies   ERJ  Embraer (0.95)


KGC Forecast + Options Trading Strategies   KGC  Kinross Gold (0.95)



Uncorrelated Assets

Assets with little price relationship to NFG



KDP Forecast + Options Trading Strategies   KDP  Keurig Dr Pepper (0.06)


BZH Forecast + Options Trading Strategies   BZH  Beazer Homes USA (-0.06)


ARKG Forecast + Options Trading Strategies   ARKG  ARK Investment Management LLC - ARK Genomic Revolution (-0.06)


ODFL Forecast + Options Trading Strategies   ODFL  Old Dominion Freight Line (-0.06)


ESTC Forecast + Options Trading Strategies   ESTC  Elastic (-0.07)



Anticorrelated Assets

Assets that tend to move strongly against NFG



SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.88)


APLS Forecast + Options Trading Strategies   APLS  Apellis Pharmaceuticals (-0.88)


CNI Forecast + Options Trading Strategies   CNI  Canadian National Railway (-0.88)


LEA Forecast + Options Trading Strategies   LEA  Lear (-0.88)


ATKR Forecast + Options Trading Strategies   ATKR  Atkore (-0.89)









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