Natural gas stocks skyrocketed with the increasing bullish sentiment over gas prices
Natural gas prices jumped in the past few weeks, and investors are betting the surge will last for a while.
The front-month natural gas futures pricing spiked to US$7.5/Mmbtu on Monday, while it was traded just above US$7.0/Mmbtu on last Thursday.
U.S. natural gas prices surged to the highest intraday level in over 13 years as robust demand tests U.S. drillers' ability to expand supplies.
--- According to Bloomberg
--- According to Bloomberg
![Natural gas stocks skyrocketed with the increasing bullish sentiment over gas prices](https://ussnsimg.moomoo.com/9193988440928266498.png/bigmoo)
According to Barron's, between 2009 and 2021, natural gas futures closing prices had averaged $3.30 and had stayed mostly within a tight range. There was simply too much imbalance between supply and demand.
The calls I'm getting now show that a lot of long-only [investors] have the confidence that this isn't just short-term. They think they have a two- or three-year play on a lot of these."
--- said Truist analyst Neal Dingmann in an interview.
--- said Truist analyst Neal Dingmann in an interview.
Here are the top performers this year (as of April 14) from the event of natural gas prices soaring, do you have any of them?![]()
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![Natural gas stocks skyrocketed with the increasing bullish sentiment over gas prices](https://ussnsimg.moomoo.com/3342057841988597671.png/bigmoo)
Source: Bloomberg, Barron's
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Marveller : Nice
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