Dan Dicker Talks Liquid Natural Gas: 6 Stocks To Watch Out For
Dan Dicker from TheStreet.com talks about how 2011 is going to be the year for natural gas. Stories keep crossing the wires, subtly pointing to the inevitable fact that natural gas is our guaranteed energy future, whether or not the industry or even Washington is ready for it.
2011 looks like it will be the turning point. Already, natural gas is trading well over $4/mMbtu, on its way, I believe, to $7 sometime in the next year. If you could only invest in one sector in energy for 2011, I believe natural gas shows the greatest potential for profit.
You can watch the original video interview on TheStreet.com Here.
Among the natural gas plays he lists the following as promising buys:
Nov 24, 2010 (SmarTrend(R) News Watch via COMTEX) — EOG Resources (NYSE:EOG) traded in a range yesterday that spanned from a low of $88.50 to a high of $91.20. Yesterday, the shares fell 4.11%, which took the trading range below the 3-day low of $90.05 on volume of 2.9 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision. - Zack’s Investment Research
Nov 24, 2010 (SmarTrend(R) News Watch via COMTEX) –Cheniere Energy (AMEX:LNG) ranks first with a gain of 4.52%; Kinder Morgan Energy Partners (NYSE:KMP) ranks second with a gain of 0.91%; and Enterprise Products Partners (NYSE:EPD) ranks third with a gain of 0.44%. – Zack’s Investment Research
The editor of Street Authority Market Advisor explains, “With the dollar sliding, oil prices have climbed back above $87 per barrel and could soon flirt with the $90 mark. And ConocoPhillips produces 1.72 million barrels every 24 hours.
“Through the first nine months of 2010, adjusted earnings in the core exploration and production segment at ConocoPhillips are up more than 100%. – BloggingStocks
Southwestern Energy Co (NYSE: SWN) closed Tuesday’s trading session at $36.37. In the past year, the stock has hit a 52-week low of $30.61 and 52-week high of $52.82. Southwestern Energy stock has been showing support around $35.56 and resistance in the $37.88 range. – Market Intelligence Center
Nov 23, 2010 (SmarTrend(R) News Watch via COMTEX) — Newfield Exploration (NYSE:NFX) traded in a range yesterday that spanned from a low of $66.27 to a high of $68.05. Yesterday, the shares gained 0.29%, which took the trading range above the 3-day high of $67.90 on volume of 1.1 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious. - Zack’s Investment Research
Devon Energy Corporation NYSE:DVN stock’s price plunged 2.13% to close at $70.78. The shares were traded with the volume of 2.53 million shares during last session.The stock is correlated with the market according to beta of 1.05 and its performance for a week with respect to its rate of return remained positive with the change of 0.61%. – ChartPoppers
Sources Cited:
http://www.thestreet.com/story/10930710/2/natural-gas-ready-to-explode.html
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