RWE Was Short European Gas Before Biggest Rally in Years

RWE AG Chief Executive Officer Markus Krebber predicts a weak trading result because the German utility was short going into the biggest rally in natural gas for four years.

The company’s trading division had been positioned for declining gas prices, Krebber said. He now expects the unit’s first-quarter profit to be “weak,” he told analysts at a Bernstein fireside chat on Thursday.