Investing Opinion
Look for Natural Gas Prices to Double
Stock quotes in this article:CHK
You can imagine how thrilled North American natural gas producers would be to tap the Eurasia market. And essentially, we're currently in the midst of a telegraph solution away from a North American-Eurasia natural gas market.
But we're not quite there. In any event, even if North America doesn't start exporting natural gas to Eurasia anytime soon, the oil-natural gas price differential is still out of wack. Natural gas prices will correct to the upside, and companies that produce natural gas will increase their revenue. I expect natural gas prices to double sometime in the next 18 months, to put a conservative estimate on it. My recommendation: Nibble on shares of Chesapeake Energy(CHK) whenever you can. Happy New Year, Kevin McElroy, editor of Resource ProspectorTheStreet Premium Services
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
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|---|---|---|---|---|
| 12,454.83 | 1,317.82 | 2,837.53 | 17.45 |
Oil *
107.26
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DOWN
74.92 |
DOWN
2.86 |
DOWN
1.85 |
DOWN
0.14 |
10 Yr
1.74%
SPDR Gold
152.68
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-0.60%
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-0.22%
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-0.07%
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-0.80%
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