Now is a great time to be an investor in energy stocks: North America’s shale oil and natural gas revolution keeps on rolling. Hydraulic fracturing has simply changed the game for the energy industry. And as the E&P sector continues to use fracking and other advanced drilling techniques, production numbers and reserves keep climbing.
All of that activity has been a big boon to natural gas stocks.
Various utilities are switching over from “dirty” coal to the cheaper, cleaner-burning fuel, and with consumers — both residential and commercial — increasing their demand, consumption of natural gas continues to spike. Meanwhile, the promises of liquefied natural gas exports and natural gas-fueled vehicles only heightened the potential boom for natural gas companies even further.
Overall, the Energy Information Administration projects that natural gas demand in the United States could be 26.55 trillion cubic feet by the year 2035 — a 16% increase since the hydraulic fracturing boom took off in 2009.
Simply put, natural gas stocks could be the energy stocks with biggest potential. Here are three prime natural gas stocks to buy now: