Jim Cramer: Two Bullish Stocks.
$Chesapeake Energy(CHK.US$ $CGI Inc(GIB.US$ "There's always a bull market," Mad Monet host Jim Cramer mentioned, although Yahoo Finance's Karen Thomas said that despite the current state of the economy, there are two stocks in this situation: Chesapeake Energy and CGI.
Natural gas is currently trading at about $9.40, up more than 140% from last year.
This is easily explained by the strong supply and demand forces at play. On the demand side, the growing LNG industry is generating strong global demand for the North American natural gas industry. LNG exports are up nearly 20% this year, according to the Energy Information Institute.
On the supply side, North American natural gas is the cleanest, cheapest, most abundant and most reliable. However, North American infrastructure constraints are putting pressure on supply and pushing up prices.
In addition, the complete unreliability of natural gas supplies from other countries is also pushing up prices.
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