Powering the Energy Trend
I have written a few times about the dramatic effect fracking technology has had on oil & gas production and on domestic energy prospects and policies. U.S. energy production is increasing in a smart way for the first time in over a generation and the effects are rippling through the economy. Major international chemical companies like BASF are developing multi-billion plants in Louisiana, Texas and other states to be close to this new robust and cheap fuel source. North Dakota is now producing more oil than Ecuador and, soon, Alaska. Ironically, low natural gas prices are having negative ramifications for some producers, like Chesapeake (CHK), that took on too much debt.
I believe we are in the early innings of the build-out of natural gas & oil infrastructure to accommodate this expanding fuel source as well as the migration over from other fuels such as coal. Let's look at two long-term plays that should continue to benefit from these generational energy trends....254 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.