Nuttall on NGIn addition to his recommendation for TOU, he also made ARX a top pick so as can be seen, he's now moving significantly back into this sector. Pretty clear which two companies he thinks have the most "upside potential". GLTA
COMMENT
Natural gas.(A Commentary)
23/05/2024
People are getting increasingly bullish on gas. It's hard to get the timing right, as gas is not at robust levels right now. Because of LNG Canada, next year looks much better. But he feels that now's the time to start accumulating. He has probably a 25% weight in natural gas right now, plus about a 10% weight in services, which is an indirect and cheaper way to play a bullish call on natural gas.
Everyone's chasing NVDA and AI right now. If you're bullish those things, you should be bullish natural gas because it's going to lead to a 7-14% increase in nat gas demand between now and 2030.
Not all names have the same upside potential. It's a stock-picker's market right now.
Eric Nuttall