This post first appeared earlier Monday on RealMoney. Click here for a free trial, and enjoy incisive commentary all day, every day.You think Atlas Energy ( ATLS) is selling at a big premium? You think Chevron ( CVX - Get Report) paid a lot? What do people think the Marcellus assets of National Fuel Gas ( NFG - Get Report) will go out for? How about if Chesapeake Energy ( CHK - Get Report) starts breaking up its assets? The natural-gas market is now in the undeniable phase after years of being denied. Whether it be for heating, for buses, for trucks, for hydrogen (great piece by Dan Dicker yesterday) the fuel is right, especially now that the Republicans have the House. In eight days we will see new energy legislation that will make people realize that we are going to subsidize natural gas for trucks. That's great for Clean Energy ( CLNE) and Westport Innovations ( WPRT) and Cummins ( CMI - Get Report), which owns a big chunk. But what it is really good for is the nat-gas companies that have assets for sale, particularly National Fuel Gas, which has announced Jefferies as a banker, and Chesapeake, which is always in trade mode -- incorrectly hated for that if you ask me. When I had Ed Cohen, the CEO of Atlas, on "Mad Money" recently, he told you point-blank that he was willing to sell the company. It didn't even move the next day. It was nuts. Well, now we know for sure it was nuts with that huge premium. National Fuel Gas, Chesapeake, they are the plays off this one. For certain. At the time of publication, Cramer was long CMI.
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