Higher Natural Gas Prices Could Pump Up These Producers
The prolonged cold snap in the U.S. has pushed natural gas prices toward
multi-year highs around $4.40/btu. At the same time, most of the
domestic exploration and production firms sit below the highs from back
in 2011 when the S&P 500 was at considerably lower levels. The
combination could present a buying opportunity for the domestic natural
gas producers including Chesapeake Energy (NYSE: CHK ) , SandRidge Energy (NYSE: SD ) , and WPX Energy (NYSE: WPX ) to name a few that are intriguing.
Read the full article here.
Disclosure: Long WPX. Please review the disclaimer page for more details.
Read the full article here.
Disclosure: Long WPX. Please review the disclaimer page for more details.
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