Benefiting From Rising Natural Gas Prices
With natural gas prices rising over February and March, can we expect production to pick up as a result? Many producers have been struggling since the price per million BTUs began to plummet in the middle of 2011. To cope with prices that just weren't economical to produce at, companies have been switching from natural gas to more liquids- and oil-heavy plays. If the price of natural gas can find a way to sustain itself above $4/MMBtu, they're likely to begin letting the gas flow. Should that occur, energy service companies that have suffered in the North American land market are certain to benefit.
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Domestic oil and gas service companies have taken a hit in the recent past because of a slowdown in the natural gas drilling boom of the past couple of years. As this market looks to rebound, investors would be wise to consider Halliburton, one of the top companies in the business and one of those most in tune with the domestic market. To access The Motley Fool's new premium research report on this industry stalwart, simply click here now and learn everything you need to know about how Halliburton is positioning itself both at home and abroad.
The article Benefiting From Rising Natural Gas Prices originally appeared on Fool.com.Richard Engdahl has no position in any stocks mentioned. Taylor Muckerman owns shares of Halliburton. The Motley Fool recommends Halliburton. Try any of our Foolish newsletter services free for 30 days. We Fools don't 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.
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