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Is this week's big spike in natural gas a sign of a price floor? Is it time to buy? Fund manager...

Is this week's big spike in natural gas a sign of a price floor? Is it time to buy? Fund manager Dan Rice likes Range Resources (RRC), whose exposure to rich Appalachian fields that produce gas at low cost should help it survive any further period of depressed prices. Weeden's 45-year vet Charles Maxwell favors Encana (ECA). Morgan Stanley likes: OKE, SUN, TRGP, WMB, SE, XTXI.
Comments (11)
  • At least Charlie didn't mention CHK as he has been on the board allowing Aubrey to do as he pleases beyond the reach of corporate governance.
    27 Apr 2012, 05:51 PM Reply Like
  • I would add CNX to the list
    27 Apr 2012, 07:05 PM Reply Like
  • wait until the storages are full

     

    E
    27 Apr 2012, 09:58 PM Reply Like
  • EROC
    28 Apr 2012, 01:47 AM Reply Like
  • I'm playing it with LNG. Nice div and less overhead.
    28 Apr 2012, 08:14 AM Reply Like
  • IMHO this upturn is a commodity sympathy trade linked to the upward reversal in copper and the downward reversal in the dollar earlier this week. Look at the charts. If the dollar bounces off support next week, the trade in copper and nat gas could turn lower.

     

    NG price target: $1.50.
    28 Apr 2012, 12:12 PM Reply Like
  • The price of nat gas is advancing on mostly short covering not new buying so this bounce is just that a bounce which won't last for long.
    28 Apr 2012, 07:40 PM Reply Like
  • With such gigantic production capacities, any slight rise in price above operating cost will cause E&P companies to flood the market with new sell orders.
    29 Apr 2012, 05:26 AM Reply Like
  • http://nyti.ms/JudeNR

     

    One of the many reasons nat gas prices won't stay low for much longer.
    29 Apr 2012, 05:29 AM Reply Like
  • Gas prices won't stay low but sort term increases are due to cuts in production. How does this help producer bottom line?
    29 Apr 2012, 09:30 AM Reply Like
  • Read the linked article
    30 Apr 2012, 01:37 AM Reply Like
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