Things have been downright ugly in the natural gas industry lately. While production has been booming, demand hasn't been able to keep up with supply. That's led to lower prices and lower income for gas producers.
The stock market has noticed and sent shares reeling. The top five independent gas exploration and production companies in the U.S. -- EQT (NYSE: EQT), Chesapeake Energy (NYSE: CHK), Southwestern Energy (NYSE: SWN), Antero Resources (NYSE: AR), and Range Resources (NYSE: RRC) -- have all lost more than half their value over the past year. Antero's share price has declined by nearly 80%!
But there's a fast-moving trend that could turn these companies' fortunes around...if it arrives soon enough. Could these beaten-down energy companies be long-term buys? Here's what investors need to know.
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Source: Motley Fool
(December 18, 2019 - 7:31 AM EST)
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