NEW YORK ( Stockpickr) -- By the spring of 2012, investors had simply given up on natural gas stocks. After all, the energy source had crashed in value to just $2 per thousand cubic feet, a price at which almost every producer would lose money. It was pretty clear that the industry damage would deepen and that major players might eventually run out of cash, but then a funny thing happened. Gas prices began to rebound, and they kept on going, managing to double in value in just 12 months.To be sure, it's unwise to assume that all of the recent price gains for natural gas will hold. At a current price of $4.25 per thousand cubic feet, you should assume a modest pullback, perhaps to the $4 range as the springtime weather reduces demand for gas.
4 Stocks for Surging Natural Gas
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