The unseasonably warm weather across Europe and some parts of the United States drove natural gas prices down below $3 for the first time since May of 2021. Worries that suppliers would be unable to meet wintertime demands around the globe have been replaced by an unseasonably warm winter and other factors leading gas prices to drop more than 70%, after printing a 14-year high of $10.03 in August. This could all change fast, as an early February winter blast is expected.
While it may not trade back to $10, there is a good chance it will be back about $4 soon.
We screened our 24/7 Wall St. energy research database looking for companies that are leaders in natural gas production and have stocks that have been sold off as the commodity traded lower. Five top stocks hit our screens, and all are rated Buy across Wall Street and come with solid and dependable dividends.
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