Natural gas could be your ticket to riches, at least according to what legendary investor Boone Pickens thinks.
Pickens sees natural gas as potentially hitting as much as $5 per million metric BTUs in a few months. It is currently trading at $3.70.
Speaking to CNBC's Street Signs, co-hosted by Talking Numbers' own Brian Sullivan, Pickens said that if certain conditions break right, nat gas could soon see $5 a BTU, or roughly 35% higher than where it is now.
"Natural gas is so dependent on weather. Now you've got a storm coming in, looks like, could come in to the Gulf Coast, a couple of them. Well, that'll run the price up. Those are hurricanes, of course. And then, so, I think that you will see, and I'm giving myself an out here, if you have a cold winter, you could very well be $5 natural gas. If it's a mild winter, you're looking at probably $4.50."
While natural gas is down from its April prices near $4.50, Talking Numbers contributor Enis Taner, Global Macro Editor at RiskReversal.com, believes the charts agree with Pickens – for the time being.
"It's in a rising bullish channel," says Taner. "A move below $3.50 would signal an end to that uptrend channel, and I would view the chart as broken at that point. For now though, it has had higher lows and higher highs over the past year, and the uptrend is innocent until proven guilty as a result. "
So, if one of the smartest energy investors is bullish on natural gas and the charts say he may be right, what's the best way to invest on this idea?
CNBC contributor Zachary Karabell, president of River Twice Research has one name on his list.
Watch the video above to find out what it is.