Unseasonably high natural gas inventories going into mid-January support Sterne Agee's bearish...
Unseasonably high natural gas inventories going into mid-January support Sterne Agee's bearish outlook for gas amid what looks like another mild winter, as the firm suggests avoiding pure-play gas names such as Southwestern (SWN) and Ultra Petroleum (UPL). Only four companies have 40%-plus of 2013 estimated gas production hedged, the firm says: PXD, EGN, AREX, QEP.
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