If you’re looking to play America’s new found bounty of nat gas, strategic investor Dennis Gartman says only two stocks will do.Cheniere “If you’re going to play nat gas equities, this is the place to play,” says Gartman on CNBC's Fast Money . Cheniere is the first company to win approval to export natural gas from the continental U.S.
“And although nat gas prices are two dollars and change here, they’re well over $16 in parts of Asia,” he says. “They have the permits to move it – and they have the plants to do it,” he says.
ChesapeakeDespite Chesapeake's woes, “Don’t discount how smart Aubrey (McClendon) is,” says Gartman. “He made some mistakes but his company remains dominant in the game."
Earlier this year, the SEC opened an informal inquiry into Chesapeake's program that granted Chief Executive Aubrey McClendon a share in each of the natural gas producer's wells. Unsure how events would play out, investors ran for the exits.
"If you look at the chart, you see that the stock has stopped going down," Gartman adds. "They know what they’re doing – the worst is over."
Gartman isn't the only Chesapeake bull we've heard from recently. Billionaire investor Carl Icahn told CNBC the same thing back on July 2nd.Page 1 of 6 | Next Page