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No Hot Air Left in Nat Gas

By Jim Cramer

 About this article:
 The most vulnerable group in this selloff it is the natural gas contingent. The price of natural gas has been cut in half and then cut in half again from its high. I do not know how many of these big natural gas companies -- Chesapeake , Apache , Anadarko , Southwestern Energy , Cabot Oil & Gas , Ultra Petroleum , XTO Energy and Devon -- can make their earnings with natural gas at $3.60/MMBTU and going lower because of the end of the winter heating season. We are at six-year lows, but the incredible commodity declines shows me that there are still speculators trapped in natural gas that must liquidate positions. Many of these stocks last week rallied on the hopes of a new wave of consolidation, kicked off by the purchase of Petro-Canada by Suncor . I am dubious...

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