GMXR short. I posted awhile ago about how it was overextended at $45 with NG supplies so high. Seems the market has agreed (especially now that NG futures are below $7 during winter!). Stock now in the $36's.
My thinking now is the same as 10bagger....in the oil/gas service sector to choose those companies related to deep water drilling...RIG, DO. Both of these trade with low p/e's and have extended long-term contracts already signed that take into account increases in daily rate. OPEC seems to have enough of a backbone to keep oil in the $60 range. I'd just choose companies that limit your exposure to NG until it finally corrects the surplus problem.
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