Share This Article

Facebook LinkedIn
Twitter Reddit
Print Email
Pinterest Gmail
Yahoo
Money Morning
×
  • Invest
    • Best Stocks to Buy
    • Stock Forecasts
    • Stocks to Sell Now
    • Stock Market Predictions
    • Technology Stocks
    • Best REITs to Buy Now
    • IPO Stocks
    • Penny Stocks
    • Dividend Stocks
    • Cryptocurrencies
    • Cannabis Investing
    • Angel Investing
  • Trade
    • How to Trade Options
    • Best Trades to Make Now
    • Options Trading Strategies
    • Weekly Trade Recommendations
  • Retire
    • Income Investing Guide
    • Retirement Articles
  • More
    • Money Morning LIVE
    • Special Investing Reports
    • Our ELetters
    • Our Premium Services
    • Videos
    • Meet Our Experts
    • Profit Academy
Login My Member Benefits Archives Research Your Team About Us FAQ
  • Invest
    • Best Stocks to Buy
    • Stock Forecasts
    • Stocks to Sell Now
    • Stock Market Predictions
    • Technology Stocks
    • Best REITs to Buy Now
    • IPO Stocks
    • Penny Stocks
    • Dividend Stocks
    • Cryptocurrencies
    • Cannabis Investing
    • Angel Investing
    ×
  • Trade
    • How to Trade Options
    • Best Trades to Make Now
    • Options Trading Strategies
    • Weekly Trade Recommendations
    ×
  • Retire
    • Income Investing Guide
    • Retirement Articles
    ×
  • More
    • Money Morning LIVE
    • Special Investing Reports
    • Our ELetters
    • Our Premium Services
    • Videos
    • Meet Our Experts
    • Profit Academy
    ×
  • Subscribe
Enter stock ticker or keyword
×
5 Ways to Beat the Fed (and Crush Inflation)

Email this Article

Send with mail | ahoo instead.
Required Needs to be a valid email
Required Needs to be a valid email
This Natural Gas Stock Will Surge from Yesterday's Historic Discovery (NYSE: E)
http://mney.co/1NJ7XnC
Required Please enter the correct value.
Twitter

This Natural Gas Stock Will Surge from Yesterday's Historic Discovery (NYSE: E)

By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 • August 31, 2015

View Comments

Start the conversation

Comment on This Story Click here to cancel reply.

Or to contact Money Morning Customer Service, click here.

Your email address will not be published. Required fields are marked *

Some HTML is OK

Eni SpA (NYSE ADR: E) is the most talked about natural gas stock right now thanks to a "supergiant" discovery in the Mediterranean Sea.

Yesterday, the Italian oil and gas titan stumbled upon a "supergiant" natural gas field named Zohr about 120 miles from the Egyptian coast. According to the U.S. Energy Information Administration (EIA), Zohr could hold up to 30 trillion cubic feet of gas. That makes it one of the largest natural gas deposits ever discovered.

natural gas stock

"Zohr is the largest gas discovery ever made in Egypt and in the Mediterranean Sea and could become one of the world's largest natural gas finds," Eni said in a press release.

The new gas field will become a game changer for Egypt's energy industry. The country's oil and natural gas shortages are one of the many problems that have sparked unrest in the last few years. Zohr could provide Egypt with economic stability and energy independence.

"The discovery, after its full development, will be able to ensure satisfying Egypt's natural gas demand for decades," the company said.

The news pushed the natural gas stock higher this morning. At 11:45 a.m., shares of Eni were up 2.6% and trading at $33.09. Yahoo! Finance gives Eni stock a one-year target estimate of $42.64 a share. That's 31.7% higher than Friday's closing price of $32.37.

These prospects make Eni a solid long-term buy as natural gas prices climb over the next 10 years...

According to Money Morning Global Energy Strategist Dr. Kent Moors, reduced coal production and increased U.S. liquefied natural gas production will send natural gas prices higher.

Coal production has been drastically decreasing for years now. By 2020, about one-third of the United States' coal-generating capacity from 2012 will have been retired.

That's because the U.S. government is dedicated to limiting harmful carbon emissions. Many power companies have been switching from coal usage to natural gas usage since natural gas releases fewer carbon emissions.

Second, the United States will become a major player in the burgeoning liquefied natural gas market. The International Energy Agency (IEA) says global LNG demand will double by 2025. The United States is expected to provide 8% to 12% of all global LNG exports over the next five years as the Department of Energy approves more export projects.

"The combination of these factors means we now have the makings of a nice pricing foundation moving forward," Moors noted. "That will translate into opportunities in several places in the natural gas production sequence."

Go here for Dr. Moors' analysis of where the natural gas market is heading - and how you can scope out the best investing opportunities...

Alex McGuire is an associate editor for Money Morning who writes about commodities. Follow him on Twitter at @AlexMcGuire92 for the biggest updates on the commodities market.

Join the conversation. Click here to jump to comments…

Login
guest
guest
3 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
gerald tackmann
gerald tackmann
7 years ago

Morning, I'm just wondering, if investing $2,000 in the gold plated computer what steps would have to take place in perfect world (please list) and over what duration of time to make $100,000 !

0
Reply
Dwight Collman
Dwight Collman
6 years ago

Great to hear this long position in LNG is going to be very profitable and predictable for the next 20 years based on my research with Oxford. All of the experts are saying the same thing about liquid natural gas but there is a great disparity about the price of what hey price of a barrel of oil will be whether it's OPEC for the US and that disparity means those prices can be quite volatile this could set up a special trade also but I read about on this morning's newsletters. So there are many ways to profit in the energy sector if you know what you're doing . I hope I will still have enough education and I will be able to help others here and elsewhere with my comments

0
Reply
Timothy W. Kent
Timothy W. Kent
4 years ago

North La., East Texs, South Arkansas expected production, up or down?

0
Reply
LIVE
Visit Money Morning Live


Latest News

January 19, 2023 • By Money Morning Stock Research Team

These Stocks Could Go To $0

January 9, 2023 • By Money Morning Stock Research Team

The Government Is Pouring $391 Billion Into These Stocks - Buy Now

December 27, 2022 • By Money Morning Staff Reports

6 IPOs in 2023 You Can’t Afford to Miss
Trending Stories
ABOUT MONEY MORNING

Money Morning gives you access to a team of market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.

QUICK LINKS
About Us COVID-19 Announcements How Money Morning Works FAQs Contact Us Search Article Archive Forgot Username/Password Archives Profit Academy Research Your Team Videos Text Messaging Terms of Use
FREE NEWSLETTERS
Total Wealth Research Power Profit Trades Profit Takeover This Is VWAP Penny Hawk Trading Today Midday Momentum Pump Up the Close
PREMIUM SERVICES
Money Map Press Home Money Map Report Fast Fortune Club Weekly Cash Clock Night Trader Microcurrency Trader Hyperdrive Portfolio Rocket Wealth Initiative Extreme Profit Hunters Profit Revolution Warlock's World Quantum Data Profits Live Trading Alliance Trade The Close Inside Money Trader Expiration Trader Flashpoint Trader Darknet Hyper Momentum Trader Alpha Accelerators Weekly Profit Cycles Brutus Alerts

Ā© 2023 Money Morning All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning.

Address: 1125 N Charles St. | Baltimore, MD, 21201 | USA | Phone: 888.384.8339 | Disclaimer | Sitemap | Privacy Policy | Whitelist Us | Do Not Sell or Share My Personal Information

wpDiscuz