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Nat-Gas Stocks Go Their Own Way: Up

By Jim Cramer

 About this article:
 There is absolutely zero arbitrage between natural gas and oil. The two have been diverging for months. But the natural gas stocks trade better than the oil stocks, and it's been a quandary that's driving the market -- and me -- crazy. We are in a profound period of natural gas oversupply. There's been a huge decline in natural gas being pumped to bring it in line with demand, yet the amount of liquid natural gas coming into this country in the next two years is off the charts. The government has not supported this cleaner carbon fuel one whit. You never hear about it. Ever. Yet it is in massive abundance. What's really telling is that anyone who can switch easily from oil to natural gas already has, so there's not a lot of arbitrage. Yet Ultra Petroleum, Apache, XTO Energy and Chesapeake trade like houses...

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