Could Natural Gas Finally Be Bottoming?
Could natural gas finally be bottoming?
That was the question on Jim Cramer’s mind Tuesday, as he hosted yet another episode of CNBC’s “Mad Money.” Cramer noted that the price of natural gas has been in decline for years, as excessive drilling has produced a glut of the fuel. At end April, the price of nat gas looked like it could fall to zero, he said. In turn, most nat gas-related stocks have pushed lower.
Surprisingly, though, Cramer thinks nat gas could be making a comeback. To get a better sense of where the fuel’s price is headed, he sought the help of Tim Collins, a highly regarded technician on Wall Street.
Check out the video to see his full report!
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