Chevron Corp. (NYSE: CVX): Time to Buy This Natural Gas Stock

Now's a perfect time to buy into our favorite natural gas stock, as another part of the energy sector continues to slump…
You see, while energy stock bears point to the dismal performance of oil stocks as a reason to leave the sector entirely, they're wrong.
It's true oil stocks have been hit hard. Oil prices have tanked since June, down 21%. WTI and Brent crude both hit multi-year lows this month.
U.S. oil drillers like EOG Resources Inc. (Nasdaq: EOG) and Continental Resources Inc. (NYSE: CLR) have fared poorly despite surging production. Those two stocks are down 18% and 26% respectively from summer highs. Even Exxon Mobil Corp. (NYSE: XOM) stock is down 9% since June.

But while prices dip in the crude oil market, Money Morning's Global Energy Strategist Dr. Kent Moors predicts natural gas prices will climb as we reach the winter months.
"With natural gas, the NYMEX price was above $4 per 1,000 cubic feet (or million BTUs) in early October," Moors said. "As we move into a winter heating cycle, that should push prices closer to $4.50."
Natural gas at $4.50 would be an increase of nearly 23% from today's price of $3.65 per million BTUs. (more)

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