Bottom Fishing in Natural Gas: Range Resources ($RRC), Consol Energy ($CNX), Chesapeake Energy ($CHK)

With oil falling over 60% from its 2014 highs, all the natural gas stocks have been sold-off, regardless of cash flows or balance sheets, observes Marshall Hargrave in Daily Profit.
But was it justified? The price of US natural gas recently fell below $2 per million British thermal units this week. It was the first time it dipped that low since April 2012.
The worry? There's just too much natural gas in the market. What's more is we could see a warm winter, which may lead to a further supply glut.
Still, it appears there's a lot of fear priced in. Too much fear, perhaps. Forecasts might be overlooking the fact that the recent price drop should quickly discourage any new drilling. (more)