Last Updated on September 30, 2021 by Henry John
According to Vince Martin, an InvestorPlace contributor, “Even before broader market collapse in February, natural gas stocks were falling fast. The reason was simple: natural gas prices were plunging.”
However, natural gas prices have rebound, rising over 200% between February and September.
Initially when I published this article, it was targeted at investors who were betting on the rebounding of natural gas prices, and that bet is paying off massive.
Among the top winners are Antero Resources Corporation and Denbury Resources all of which have rising over 400% over the past year.
If you’re interested in cheap natural gas stocks under $1, $5 and $10, here are 7 stocks to consider:
1. Antero Midstream Corporation
Antero Midstream Corporation owns and operates midstream energy assets. It owns and operates natural gas gathering pipelines, compression stations, processing and fractionation plants, and water handling and treatment assets in the Marcellus Shale and Utica Shale basins. The company was founded in 2013 and is headquartered in Denver, Colorado.
2. Cenovus Energy Inc.
Cenovus Energy Inc., together with its subsidiaries, develops, produces, and markets crude oil, natural gas liquids, and natural gas in Canada and the United States.
The company operates through Oil Sands, Deep Basin, and Refining and Marketing segments.
The Oil Sands segment develops and produces bitumen in northeast Alberta. Its bitumen assets include Foster Creek, Christina Lake, and Narrows Lake, as well as other projects in the early stages of development. The Deep Basin segment holds assets primarily located in Elmworth-Wapiti, Kaybob-Edson, and Clearwater operating areas of British Columbia and Alberta, as well as various interests in natural gas processing facilities. The Refining and Marketing segment transports, sells, and refines crude oil into petroleum and chemical products. This segment owns a 50% ownership in Wood River and Borger refineries located in the United States; and owns and operates a crude-by-rail terminal in Alberta.
Cenovus Energy Inc. was founded in 2009 and is headquartered in Calgary, Canada.
3. Lonestar Resources US Inc.
Lonestar Resources US Inc., an independent oil and gas company, engages in the acquisition, development, and production of unconventional oil, natural gas liquids, and natural gas properties in the United States.
It primarily focuses on Eagle Ford Shale properties that cover an area of 53,831 net acres in Texas counties.
The company was incorporated in 2015 and is headquartered in Fort Worth, Texas.
4. Equitrans Midstream Corporation
Equitrans Midstream Corporation owns, operates, acquires, and develops natural gas gathering, transmission and storage, and water services assets in the Appalachian Basin.
It operates through three segments: Gathering, Transmission, and Water.
- The Gathering System segment include 990 miles of high-pressure gathering lines with compression of approximately 445,000 horsepower and multiple interconnect points; and approximately 920 miles of Federal Energy Regulatory Commission (FERC) low-pressure gathering lines.
- Its Transmission and Storage System segment comprises 950 miles of FERC regulated interstate pipeline that connects to seven interstate pipelines and local distribution companies.
- The Water System segment include two independent systems comprised approximately 180 miles of pipeline that deliver fresh water from the Monongahela River, the Ohio River, local reservoirs, and various regional waterways.
Equitrans Midstream Corporation was founded in 2018 and is headquartered in Canonsburg, Pennsylvania.
5. Altus Midstream Company
Altus Midstream Company owns gas gathering, processing, and transmission assets in the Permian Basin of West Texas.
As of December 31, 2019, its assets included approximately 178 miles of in-service natural gas gathering, 55 miles of residue gas, and 38 miles of natural gas liquids (NGL) pipelines; three cryogenic processing trains; and an NGL truck loading terminal with six lease automatic custody transfer units and eight NGL bullet tanks.
The company is based in Houston, Texas. Altus Midstream Company is a subsidiary of Apache Midstream LLC.
6. Barnwell Industries, Inc.
Barnwell Industries, Inc. acquires, develops, produces, and sells oil and natural gas in Canada.
The company operates through three segments: Oil and Natural Gas, Land Investment, and Contract Drilling.
It also invests in land interests in Hawaii.
In addition, the company owns and operates five water well drilling rigs, two pump rigs, and other ancillary drilling and pump equipment; drills water and water monitoring wells of various depths; installs and repairs water pumping systems; and distributes Floway pumps and equipment in Hawaii.
Barnwell Industries, Inc. was founded in 1956 and is headquartered in Honolulu, Hawaii.
7. Camber Energy, Inc.
Camber Energy, Inc., an independent oil and natural gas company, engages in the acquisition, development, and sale of crude oil, natural gas, and natural gas liquids (NGL) in the Cline shale and upper Wolfberry shale in Glasscock County, Texas.
As of March 31, 2020, its total estimated proved reserves were 133,442 million barrels of oil equivalent comprising 54,850 barrels of crude oil reserves, 43,955 barrels of NGL reserves, and 207,823 million cubic feet of natural gas reserves.
The company was formerly known as Lucas Energy Inc. and changed its name to Camber Energy, Inc. in January 2017. Camber Energy, Inc. was incorporated in 2003 and is based in Houston, Texas.