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The following is a list of gas-related stocks with bullish option market sentiment, i.e. a large number of open call option positions relative to put option positions.

With the EIA Natural Gas Report coming out on Thursday, December 9, do these stocks present good value for money? Options traders seem to think so. What do you think? Full details below.

Short float data sourced from Finviz, options data sourced from Schaeffer's.

click for expanded image

The list has been sorted by the Put/Call ratio.

1. Harvest Natural Resources Inc. (NYSE:HNR): Independent Oil & Gas Industry. Market cap of $434.84M. Call open interest at 24,695 contracts vs. put open interest at 2,123 contracts (Put/Call ratio at 0.09). Short float at 7.78%, which implies a short ratio of 5.25 days. The stock has gained 127.43% over the last year.

2. CAMAC Energy Inc. (NYSEMKT:CAK): Oil & Gas Drilling & Exploration Industry. Market cap of $406.05M. Call open interest at 11,197 contracts vs. put open interest at 1,484 contracts (Put/Call ratio at 0.13). Short float at 7.92%, which implies a short ratio of 7.51 days. The stock has lost -29.85% over the last year.

3. Petroleum Development Corporation (PETD): Independent Oil & Gas Industry. Market cap of $747.29M. Call open interest at 3,341 contracts vs. put open interest at 610 contracts (Put/Call ratio at 0.18). Short float at 4.46%, which implies a short ratio of 2.75 days. The stock has gained 128.52% over the last year.

4. Abraxas Petroleum Corp. (NASDAQ:AXAS): Independent Oil & Gas Industry. Market cap of $312.44M. Call open interest at 1,179 contracts vs. put open interest at 217 contracts (Put/Call ratio at 0.18). Short float at 5.34%, which implies a short ratio of 6.91 days. The stock has gained 127.22% over the last year.

5. Advantage Oil & Gas Ltd. (NYSE:AAV): Oil & Gas Drilling & Exploration Industry. Market cap of $1.05B. Call open interest at 4,934 contracts vs. put open interest at 934 contracts (Put/Call ratio at 0.19). Short float at 0.33%, which implies a short ratio of 1.65 days. The stock has gained 10.71% over the last year.

6. Crosstex Energy LP (XTEX): Independent Oil & Gas Industry. Market cap of $702.94M. Call open interest at 552 contracts vs. put open interest at 106 contracts (Put/Call ratio at 0.19). Short float at 0.88%, which implies a short ratio of 1.41 days. The stock has gained 150.9% over the last year.

7. TransGlobe Energy Corp. (NASDAQ:TGA): Independent Oil & Gas Industry. Market cap of $1.18B. Call open interest at 5,321 contracts vs. put open interest at 1,067 contracts (Put/Call ratio at 0.2). Short float at 0.47%, which implies a short ratio of 0.7 days. The stock has gained 399.72% over the last year.

8. Rosetta Resources, Inc. (NASDAQ:ROSE): Independent Oil & Gas Industry. Market cap of $1.88B. Call open interest at 4,557 contracts vs. put open interest at 1,053 contracts (Put/Call ratio at 0.23). Short float at 4.87%, which implies a short ratio of 4.1 days. The stock has gained 95.83% over the last year.

9. Penn Virginia Corp. (NYSE:PVA): Independent Oil & Gas Industry. Market cap of $806.06M. Call open interest at 1,838 contracts vs. put open interest at 521 contracts (Put/Call ratio at 0.28). Short float at 15.84%, which implies a short ratio of 11.42 days. The stock has gained 0.06% over the last year.

10. Stone Energy Corp. (NYSE:SGY): Independent Oil & Gas Industry. Market cap of $1.08B. Call open interest at 11,033 contracts vs. put open interest at 3,253 contracts (Put/Call ratio at 0.29). Short float at 9.61%, which implies a short ratio of 4.11 days. The stock has gained 24.43% over the last year.

11. SM Energy Company (NYSE:SM): Independent Oil & Gas Industry. Market cap of $3.31B. Call open interest at 11,297 contracts vs. put open interest at 3,380 contracts (Put/Call ratio at 0.3). Short float at 5.4%, which implies a short ratio of 4.55 days. The stock has gained 67.27% over the last year.

12. Kodiak Oil & Gas Corp. (NYSE:KOG): Oil & Gas Drilling & Exploration Industry. Market cap of $856.17M. Call open interest at 5,852 contracts vs. put open interest at 1,795 contracts (Put/Call ratio at 0.31). Short float at 6.76%, which implies a short ratio of 3.39 days. The stock has gained 141% over the last year.

13. Rex Energy Corporation (NASDAQ:REXX): Oil & Gas Drilling & Exploration Industry. Market cap of $530.22M. Call open interest at 1,725 contracts vs. put open interest at 539 contracts (Put/Call ratio at 0.31). Short float at 19.62%, which implies a short ratio of 13.11 days. The stock has gained 16.35% over the last year.

14. Concho Resources, Inc. (NYSE:CXO): Oil & Gas Drilling & Exploration Industry. Market cap of $8.27B. Call open interest at 19,386 contracts vs. put open interest at 6,066 contracts (Put/Call ratio at 0.31). Short float at 5.07%, which implies a short ratio of 5.36 days. The stock has gained 102.94% over the last year.

15. Gran Tierra Energy, Inc. (NYSEMKT:GTE): Independent Oil & Gas Industry. Market cap of $2.03B. Call open interest at 7,694 contracts vs. put open interest at 2,481 contracts (Put/Call ratio at 0.32). Short float at 0.35%, which implies a short ratio of 0.87 days. The stock has gained 37.94% over the last year.

16. Pengrowth Energy Trust (NYSE:PGH): Oil & Gas Drilling & Exploration Industry. Market cap of $4.2B. Call open interest at 6,140 contracts vs. put open interest at 2,096 contracts (Put/Call ratio at 0.34). Short float at 0.48%, which implies a short ratio of 1.58 days. The stock has gained 56.19% over the last year.

17. McMoRan Exploration Co. (NYSE:MMR): Independent Oil & Gas Industry. Market cap of $1.66B. Call open interest at 131,195 contracts vs. put open interest at 47,226 contracts (Put/Call ratio at 0.36). Short float at 16.98%, which implies a short ratio of 5.13 days. The stock has gained 126.96% over the last year.

18. Key Energy Services Inc. (NYSE:KEG): Oil & Gas Drilling & Exploration Industry. Market cap of $1.43B. Call open interest at 4,110 contracts vs. put open interest at 1,489 contracts (Put/Call ratio at 0.36). Short float at 8.7%, which implies a short ratio of 6.43 days. The stock has gained 45.51% over the last year.

19. Brigham Exploration Co. (BEXP): Independent Oil & Gas Industry. Market cap of $3.08B. Call open interest at 48,917 contracts vs. put open interest at 18,542 contracts (Put/Call ratio at 0.38). Short float at 9.7%, which implies a short ratio of 3.51 days. The stock has gained 132.89% over the last year.

20. EXCO Resources Inc. (NYSE:XCO): Independent Oil & Gas Industry. Market cap of $3.93B. Call open interest at 39,604 contracts vs. put open interest at 15,109 contracts (Put/Call ratio at 0.38). Short float at 4.37%, which implies a short ratio of 2.76 days. The stock has gained 3.41% over the last year.

21. SandRidge Energy, Inc. (NYSE:SD): Oil & Gas Drilling & Exploration Industry. Market cap of $2.2B. Call open interest at 169,276 contracts vs. put open interest at 69,760 contracts (Put/Call ratio at 0.41). Short float at 12.05%, which implies a short ratio of 4.02 days. The stock has lost -27.57% over the last year.

22. Magnum Hunter Resources Corp. (NYSE:MHR): Oil & Gas Drilling & Exploration Industry. Market cap of $387.24M. Call open interest at 1,880 contracts vs. put open interest at 786 contracts (Put/Call ratio at 0.42). Short float at 6.91%, which implies a short ratio of 4.52 days. The stock has gained 252.5% over the last year.

23. American Oil & Gas Inc. (AEZ): Independent Oil & Gas Industry. Market cap of $622.51M. Call open interest at 1,777 contracts vs. put open interest at 766 contracts (Put/Call ratio at 0.43). Short float at 7.12%, which implies a short ratio of 4.52 days. The stock has gained 202.67% over the last year.

24. Noble Energy, Inc. (NYSE:NBL): Independent Oil & Gas Industry. Market cap of $14.67B. Call open interest at 45,013 contracts vs. put open interest at 19,540 contracts (Put/Call ratio at 0.43). Short float at 3.03%, which implies a short ratio of 3.59 days. The stock has gained 29.61% over the last year.

25. BPZ Resources, Inc. (NYSE:BPZ): Oil & Gas Drilling & Exploration Industry. Market cap of $490.92M. Call open interest at 10,611 contracts vs. put open interest at 4,723 contracts (Put/Call ratio at 0.45). Short float at 15.8%, which implies a short ratio of 12.32 days. The stock has lost -46.13% over the last year.

Source: Top 25 Gas Companies With Bullish Options Sentiment