We are all about preparing for next year’s market. Its only about a week away from the new year, so its about time to start doing your research! We have been posting a number of stocks projected to be strong in 2012, here is another one of the top dogs in the running for 2012. Dan Dzombak explains why Ultra Petroleum is in the green.
Where’s the opportunity now?
Natural gas.And what’s the best natural gas stock for 2012?
Ultra Petroleum (NYSE: UPL ) . Read on and I’ll explain why.NatGas!
In the past few years, new technologies and cheaper costs have allowed producers to access gas trapped in parts of the U.S. previously considered unreachable. As more companies have tapped these unconventional plays, U.S. natural gas production has risen just over 20% in the past five years, to 79 billion cubic feet per day. Experts expect production to keep rising over the next 25 years, to 113 Bcfd by 2035.Prices continuing to sink
The quickly increasing production with slowly increasing demand has pushed down prices to near-record lows. With the industry average production cost at $5 to $6 per mcf, producers are getting crushed.
With natural gas’ potential in the next year, UPL will be able to jump on this train. Be sure to research this stock further to ensure its potential in your personal portfolio.
Quotes taken from report by Dan Dzomak, Read the entire article here.
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