Unless you live under a rock, then you know we’ve seen strong — and I mean strong — directional momentum from the best natural gas stocks lately.
The underlying commodity contract is up well over 100% year to date. I even believe there’s more upside left to go amid a shortage and ongoing energy crisis in Europe.
And I’m not the only one saying this…
In fact, Trading Economics, which follows natural gas closely, said U.S. natural gas futures rallied above $5.8 per million British thermal units in September — that’s a monthly gain of 42%! Even the International Energy Agency sees natural gas demand rising 29% by 2040.
These are some big numbers that make this an important market for us…
And the move to electric vehicles will only add even more demand to this sector. So investors should get ready to see stronger potential upside from some of the best natural gas stocks like these…
The Best Natural Gas Stocks to Invest in This Winter
The first ticker on my list is Northern Oil & Gas Inc. (NYSEAmerican: NOG).
It’s based in Wayzata, Minnesota, and just so happens to be the largest publicly traded, non-operated exploration and production company.
NOG’s one-year return is about 267%, making it one of the best natural gas stocks to invest in right now.
And after four quarters of positive earnings estimates and 11 strong buy recommendations, I have a price target on NOG at $27 per share over the next three months if strong demand for natural gas continues — which it will amid the shortage.
But I’m telling you now, natural gas isn’t done heating up…
So check out my short video below to get the rest of the best natural gas stocks to trade ahead of this winter.
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