|Day Low/High||5.18 / 5.65|
|52 Wk Low/High||4.96 / 18.59|
Natural gas related companies offer much better plays for alternatvie-fuel minded investors.
The Administration cannot force utilities to burn more coal when the power sector is at an inflection point.
FCG holdings list is 35 firms in natural gas exploration, drilling and production/distribution.
Don't read any further if you are squeamish... unless you want potentially attractive returns.
Try this RRC bullishly biased, at-the-money vertical call spread expiring in March.
Don't write off the worst stocks in the S&P 500 from 2017 just yet.
A bullish divergence suggests better price action is ahead for RRC.
On Monday, more natural gas was burnt in a nationwide effort to stay warm than ever before.
Consider this RRC bullishly biased, near-the-money long call shooter expiring in March.
Natgas futures have fallen some 10% in one week even though U.S. inventories say that shouldn't have happened.
I would look to begin trading it on the long side above $160.
Sellers have been more aggressive than buyers and the charts indicate the pace of decline isn't slowing.
Technical indicators offer a mixed picture, but it appears the stock's decline is 'mature.'
This is good news for infrastructure projects.
Natural gas prices will respond to excess stockpiles and colder weather in a week or two.
Last week's natural gas price plunge creates "grand" short- and mid-term opportunities.
There are lots of talks about mergers and takeovers taking place behind the scenes.
A rally to the $60 to $65 area could be seen by mid-2017.
We are looking to go long RRC on closes above $39 and then $41.