Still, as much as natty gassers have moved up the charts in the past few days, they will succumb to the pressures of the global market. So, while I continue to delve underground to learn what I can about them, there's no point in taking on a morosely bearish market. When we get a bottom, nat gas will be a solid play, hoisted up by Obama's commitment to "clean energy."
On the surface, I like Westport Innovations (WPRT) because of its unique position in the industry. WPRT has zoomed up 17.29% to 17.23 since Obama's proclomation. Chesapeake Energy (CHK) is another solid play, but it's quite frothy here, too, up 12.86% to 24.09. Until I find a legitimate reason to venture elsewhere in Nat Gas country, there's no need to get cute and play one of the sub-5 issues.
Most-hated UNG (ETF) has held up better than any of the natty gassers I watched on Friday. Of the 39 on my list, only three finished positive for the day: UNG +2.12%, CLNE +1.15% and KWK +1.07%.
Since Obama's speech on Thursday, UNG is up 9.21% to 8.18. I have no hate for UNG. The climate in the past was not quite right to jump on board, but now that the president has pushed clean energy, there's plenty of upside for UNG and a lot of solid natty gassers ... though maybe not on Monday.
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