FSNGX = Fidelity Select Natural Gas Mutual Fund
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Top Holdings:
Company/Symbol/Assets%/YTD Return
Anadarko Petroleum Corporation APC 11.42% +3.04
Apache Corporation Common Stock APA 10.85% +5.91
Duke Energy Corporation (Holdin DUK 8.46% -1.73
Williams Companies, Inc. (The) WMB 6.92% -0.53
Noble Energy Inc. Common Stock NBL 5.67% +3.57
Sempra Energy Common Stock SRE 5.27% -0.31
Cameron International Corporati CAM 4.83% +2.91
Devon Energy Corporation Common DVN 3.39% +6.63
Chesapeake Energy Corporation C CHK 3.31% +5.88
Helmerich & Payne, Inc. Common HP 3.08% +5.88

I figure with the natural gas finds and focus on exploration even from anti-development Obama (despite his regulatory record) that this will continue to go up.

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Posted by rmc

Truth or Consequences

Member since Sep 2004

26523 posts

Posted on 1/26/12 at 1:41 pm to maine82

I don't have an answer for the op. But I did read that chk and xom were cutting back on drilling supposedly in an attempt to bring the supply down and the price of natty gas up.

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Posted by C

Houston

Member since Dec 2007

27825 posts

Posted on 1/26/12 at 1:41 pm to maine82

quote:
Can anyone think of a good reason why I shouldn't invest in this?

The floor has dropped out from under natural gas. So unless that price comes up, these companies are going to be cutting back on NG production.

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Posted by kfizzle85

Member since Dec 2005

22022 posts

Posted on 1/26/12 at 2:12 pm to C

Chesapeake just announced a big pullback in Haynesville and Barnett last week. But if you think its bottoming out as everyone pulls back on gas-related capex, I wouldn't say its a bad way to bet that. If that's your play I'm not sure I wouldn't just leverage it completely to a company with heavy gas production though.

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