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3 Stocks to Buy as Natural Gas Continues to Surge By StockNews


© Reuters. Three Stocks You Should Buy As Natural Gas Keeps Growing

On rising natural gas demand, prices for natural gas are climbing. Analysts predict that the rally will continue into winter. It is therefore a smart investment to make in strong stocks Western Midstream, APA Corporation and APA. PDC Energy (NASDAQ:). Natural gas prices in Europe and Asia have tripled, hitting record highs this past year. In the seven years since its peak, the benchmark U.S. natural-gas contract rose to $5.62 per British thermal unit (mmBtu), a new high.

Analysts predict that the winter season will bring more price hikes. Analysts expect the floating liquefied gas market (LNG), to expand at a 6.1% annual rate between 2021 and 2020 to $4.68 million.

These stocks, which are fundamentally sound, include Western Midstream Partners, LP, APA Corporation, and PDC Energy, Inc. (PDCE). They should continue to gain in the short term.

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Mike Robinson
Mike covers the financial, utilities and biotechnology sectors for Street Register. He has been writing about investment and personal finance topics for almost 12 years. Mike has an MBA in Finance from Wake Forest University.