Why Natural Gas Stocks Were on Fire Today
Energy stocks are absolutely crushing it. While oil and clean energy stocks rallied by double digits this week, natural gas stocks weren't too far behind. Here's how much some of the popular natural gas exploration and production (E&P) stocks had gained on Friday by market close:
Things weren't much different with providers of oil and gas drilling services: Helmerich & Payne (NYSE: HP) and Transocean (NYSE: RIG) shares closed today up 9.9% and 10.2%, respectively.
A storm is brewing, literally, just as the latest numbers from the U.S. Energy Information Administration (EIA) suggest strong upside for natural gas prices.
Source Fool.com
