What are your thoughts on natural gas producers (other than chesapeake) as a long term buy and hold?
So, the folks over in the Political Thread will tell you I'm an unabashed proponent of natural gas.
I have been for three or four years now, and have lost quite a bit of money on drillers, support services, mid stream operations MLP's and other Natty Gas plays.
I'm constantly amazed that the commodity itself seems to know no bottom, the Obama administration, who loves stimulus of just about anything, refuses to encourage domestic resources, and in spite of gas approaching $5 a gallon, the free market isn't converting wholesale to Natty Gas as a transportation fuel.
Bottom line, my favorite plays are risky, but they include:
FSYS - Fuel systems
NRGY - Mid stream (storage operations)
CBI - Gas infrastructure building
I'm not fond of any drillers/production companies here.
I think we're probably still 3-4 years out from Gas commodity price appreciation. But I still like the long term trend.
(late edit to correct some spelling errors and typo's that were bugging me)