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.
Chesapeake (CHK) announces that its job cuts are completely unrelated to its merger with Southwestern (SWN). The company is also cutting back on production owing to a slump in natural gas prices.