CTRA, GTEC, and KGC made it to the Zacks Rank #1 (Strong Buy) value stocks list on July 10, 2024.
Based on several factors, we recommend investors buy natural gas stocks like Coterra Energy (CTRA) and hold onto others like Cheniere Energy (LNG).
CTRA, KNBWY and STX made it to the Zacks Rank #1 (Strong Buy) income stocks list on July 2, 2024.
Timing your investment in the best bargain stocks can unlock tremendous upside potential. While often overlooked by mainstream investors, bargain stocks can prove lucrative for those willing to stomach these risks.
With things starting to look up for the sector on summer heat anticipation, we recommend investors buy stocks like Coterra Energy (CTRA) and hold onto others like Cheniere Energy (LNG).
With things starting to look up for the sector on summer heat anticipation, we recommend investors hold onto companies with strong fundamentals, such as CTRA and LNG.
Growing power demand is increasing the need for natural gas-fired power plants due to AI data centers, blockchain, and the electrification of transportation. Natural gas prices are currently low but expected to increase next year, with LNG export capacity set to increase by 76% in late 2024. I believe Coterra Energy may engage in M&A soon, potentially selling assets or the entire company to maximize value for shareholders in the face of increasing oil and gas prices.
Coterra Energy (CTRA) concluded the recent trading session at $28.29, signifying a +0.6% move from its prior day's close.
Given the positive but volatile movement in natural gas prices, we suggest that investors retain their holdings in companies with strong fundamentals, like CTRA and LNG.
Coterra exceeded production expectations for Q1 2024. This performance came despite the deferral of 12 Marcellus wells to 2H 2024. CTRA increased its full-year oil production guidance by 2% to 3%.
With natural gas price action remaining positive but volatile, we recommend investors hold onto companies with strong fundamentals, such as CTRA and LNG.
While the natural gas rig count is down to its lowest since October 2021 and price action remains positive, there are enough uncertainties in the market. We suggest holding onto stocks like CTRA and LNG.