5 Companies Benefiting From Low Feedstock Costs
Listening to Westlake Chemicals' earnings call on Tuesday continued to add fuel to the argument that low natural gas prices are a boon for the chemical and agriculture industries. Leveraging the low costs of ethane and propane, Westlake turned a 6.8% slip in revenues into a 209% increase in operating income. Westlake certainly isn't the only company to be experiencing this advantage, and some of the other beneficiaries are putting up a public fight against liquid natural gas exportation from the United States in order to keep current margins as the status quo. What are some other major players enjoying the current market prices? Check out the video below.
Certainly not Chesapeake Energy, a major natural gas producer
Energy investors would be hard-pressed to find another company trading at a deeper discount than Chesapeake Energy. Its share price depreciated after negative news surfaced concerning the company's management and spiraling debt picture. Plummeting natural gas prices have certainly not helped the situation either. While these issues still persist, giant steps have been taken to help mitigate the problems. To learn more about Chesapeake and its enormous potential, you're invited to check out The Motley Fool's brand-new premium report on the company. Simply click here now to access your copy, and as an added bonus, you'll receive a full year of key updates and expert guidance as news continues to develop.
The article 5 Companies Benefiting From Low Feedstock Costs originally appeared on Fool.com.Taylor Muckerman has no position in any stocks mentioned. The Motley Fool owns shares of CF Industries Holdings. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.