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.
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