Why Natural Gas Stocks Surged Today and Could Rally Even Higher
Natural gas stocks were crushing the markets today, with stocks across the board surging double-digits. Some of the notable gainers as of 2:45 p.m. included:
A perfect storm of soaring demand, tight supply, and surging natural gas prices is brewing in the global natural gas markets. However, some natural gas stocks may still not make as much money from higher gas prices, and that's something you must know before betting on energy stocks right now.
Natural gas prices were up an astounding 8% at the time of this writing, with U.S. gas futures hovering around $5.5 million per British thermal units and hitting multiyear highs. I'm not surprised as this rally in natural gas prices has been in the works for several weeks now.
Source Fool.com
