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Bullish On Gas?

After lagging crude oil for years, natural gas has outperformed so far in 2008. Is it overdone, or time to take a look?

Natural gas is a storage story, with storage levels at their lowest since 2004, explains Addison Armstrong, Director Of Market Research at Tradition Energy and a member of the Fast Money team. Typically nat gas pulls back in April and May so there could be a slight dip, but I expect prices to go higher this summer.

How does nat gas compare to crude?

There are traders who recommend shorting crude and going long nat gas, replies Addison. Fundamentals don’t really support crude at current levels.

Aside from buying nat gas futures, what’s the best way for investors to play the trend?

Get long the ETF, US Natural Gas Fund , he counsels.

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Trader disclosure: On Mar.27, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (YHOO), (DIS), (INTC); Finerman Owns (GS); Finerman's Firm Owns (DSW), (MSFT), (SUN), (TSO), (VLO), (WMT), (YHOO), (NYX), (PM-WI); Finerman's Firm Is Short (IYR), (IJR), (IWM), (MDY), (SPY); Najarian Owns (BKC), (MSFT), (NOK), (ORCL), (TSO), (XLF), (YHOO), (AAPL); Najarian Owns (AA) Calls, (CCU) Calls, (COP) Calls, (NVDA) Calls, (BSC) Calls, (CHK) Calls; Najarian Owns (LEH) Puts, (MER) Puts, (USB) Puts, (OIH) Puts; Seymour Owns (CFC), (F), (MER), (MSFT), (TMA), 9AAPL), (TSO); Seygem Asset Management Owns (TSM); Charles Schwab Is A Sponsor Of "Fast Money"

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