RECENT POSTS
- Your First Move For Monday November 16th
- Web Extra: Where Will The Next Bull Come From?
- Burned by Yahoo!, Disney and More
- The Latest Picks That Paid – Friday November 13th
- Pops & Drops: Dow Chemical, Macy's...
- Chartology – Can Stocks Break Above 1100?
- Fast Action: Using Options To Play Housing Bottom
- Bold Call Of The Day – Microsoft
FAST MONEY FEATURES
FAST MONEY POLLGet in the post game. Respond to our "Question of the Day" right now.
TRADE SCHOOLGrab a pencil because school is in session and the Fast Money traders are teaching class.
FAST MONEY PODCASTSDownload Fast Money onto your MP3 Player.
FAST MONEY WIDGETGrab this all-in-one application and get recaps of the show sent right to your desktop or blog.
SHOP FOR FAST MONEY MERCHANDISEGet your game on with Fast Money gear.
FAST MONEY PHOTOS!Check out our scrapbook. These "pix" are guaranteed winners.
NEWSLETTERSign up and receive a recap email every Friday after the show!
FAST MONEY MOBILE ALERTSGet advanced information about the next Fast Money.
Text Size 
 |
Forget oil for a moment. It's natural gas that is surging lately on light inventory reports. Goldman Sachs upgraded several natural gas names today. The commodity has risen 71% year-to-date -- compared to the crude oil gain of 43% YTD.
Guest energy trader Joe Terranova from Phoenix Investment Partners says now is the time to trade natural gas. The early summer heat and hurricane fears will only fuel more demand for the commodity. Natural gas could rally 10% from now -- even more if a hurricane should strike.
Also supporting natural gas prices is options expiration at the end of the month. Natural gas probably will remain a first-half summer story, peaking in early July. Domestic production will continue to grow and that should bring down prices eventually.
Again, weather is the main driver of natural gas prices -- the month of June has been abnormally hot in most parts of the country.
Among his plays for the moment, Terranova lists United States Natural Gas Fund, LP [UNG
Loading...
()
], Apache Corporation [APA
Loading...
()
], Devon Energy Corporation [DVN
Loading...
()
] and Chesapeake Energy Corporation [CHK
Loading...
()
].
______________________________________________________
Got something to say? Send us an e-mail at and your comment might be posted on the Rapid Recap! If you'd prefer to make a comment but not have it published on our website send your message to .
Trader disclosure: On June 12, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (BTU), (C), (AGU), (GS), (INTC), (NUE), (MSFT); Najarian Owns (AAPL), (AAPL) Puts, (ANR), (BHI), (BYD), (CHK), (HPQ), (TSO), (XLF); Macke Owns (MSFT), (INTC), (DIS), (WMT); Finerman's Firm is Short (IYR), (IJR), (MDY), (SPY), (IWM); Finerman's Firm Owns SPX Index Puts, (XME), (XME) Puts, (MSFT), (SUN), (TSO), (VLO); Finerman Owns (GS); Finerman's Firm And Finerman Owns (C), (C) Leaps, (CYBX); Terranova Is Long December 2008 Crude Oil; Terranova Is Short December 2009 Crude Oil; Terranova Owns (FXC), (LUV), (GS); Phoenix Investment Partners Ltd. Is Long Airtran Holdings, Alaska Air Group, American Airlines, Apache, BP PLC, British Airways PLC, Chesapeake Energy, Chevron, ConocoPhillips, Continental Airlines, Delta Air Lines, Deutsche Lufthansa, ENI SPA, ExxonMobil, Gazprom OAO, Hawaiian Holdings, Hess, Holly Corp., Husky Energy, JetBlue Airways, Lukoil, Marathon Oil, Murphy Oil, Occidental Petroleum, PetroBras Intl. Fin., Petro-Canada, Petroleo Brasileiro S.A., Petroleos De Venezuela SA, Qantas Airways, Republic Airways Holdings, Royal Dutch Shell PLC-A SHS, Skywest, Southwest Airlines, Suncor Energy, Sunoco, Tesoro, Texaco Capital, Total SA, United Airlines, US Airways Group, Valero Energy; Fleckenstein Is Short (COF); MIKE DARDA HAS NOT PROVIDED DISCLOSURES IN ADVANCE OF BROADCAST; Bernstein And/Or Affiliates Exercise Investment Discretion Over Accounts Owning More Than 1% Of (GOOG), Bernstein Is A Market Maker In (GOOG), (YHOO); GE Is The Parent Company Of CNBC
Data is a real-time snapshot *Data is delayed at least 15 minutes