Today's guest is David Galland, the managing director of Casey Research. David's going to give us a look through the trained eyes of the Casey Researchers at the energy sector, more specifically, natural gas. So take a look and see why David thinks cheap doesn't always mean buy. As always, be sure to leave us a comment on your energy strategies.
At the height of its late 2005 rally, natural gas in the U.S. was selling for just over $16/MMBtu, 350% higher than today’s price of $3.56. The oil/gas ratio, now over 18, is an all-time high… suggesting that natural gas is dirt cheap. So, it’s a buy, right?
In a phrase, not exactly. Continue reading "Is Natural Gas Cheap?"