11 Best Natural Gas Stocks To Buy Now
As the energy markets continue to recover following the availability of coronavirus vaccines and a decline in new COVID-19 cases, energy investors are hoping that natural gas stocks will rebound in 2021 and beyond. Natural gas stocks are linked to various volatile factors like weather, demand and global markets situation. While the demand of natural gas is expected to remain soft in the short term, the opportunity for long-term investors is huge in the industry. According to a report by EIA, total consumption of natural gas in 2021 is expected to be about 81.7 billion cubic feet per day (Bcf/d) , a decline of over 1% from 2020. The decline is mainly driven by higher gas prices. The agency also estimates that industrial consumption in the year will average 23.0 Bcf/d in 2021, up 0.4 Bcf/d from last year, thanks to the recovery in the economic activity.