Unless you have been asleep for the past year, you have seen the incredible price increases in energy commodities. Oil is at the highest level since 2014, while natural gas has surged to its highest levels in more than 13 years. Though reasons for the massive and spiraling surge in prices are many, from government regulations and policy changes to the conflict in Ukraine, one thing is for sure. Demand for both oil and gas products will continue to soar, especially if supply from Russia is embargoed.
We decided to screen our 24/7 Wall St. energy research database looking for companies that were heavily weighted to natural gas, and we found five large-cap stocks that are ideal for growth stock investors looking to capitalize on the solid pricing and demand environment. Cheniere Energy Inc. (NYSEAMERICAN: LNG) is an energy company primarily engaged in LNG-related businesses. Coterra Energy Inc. (NASDAQ: CTRA) is an independent oil and gas company engaged in the development, exploration and production of oil, natural gas and NGLs in the United States. EQT Corp. (NYSE: EQT) operates as a natural gas production company in the United States. It also produces natural gas liquids (NGLs) and crude oil. This is one of the largest natural gas infrastructure companies in the world, Kinder Morgan Inc. (NYSE: KMI). Ovintiv Inc. (NYSE: OVV) engages in the exploration, development, production and marketing of natural gas, oil, and NGLs in the United States and Canada.
Source: Wall St. 24/7
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