Winter storm Fern is projected to have a wide-ranging impact on energy and power production. Here are a few stocks and energy related industry groups to watch around this and future storms. Natural gas producers The price move in natural gas has been profound. A 70% jump in the commodity in fewer than two weeks is stuff for the record books. Buyers have also come into a couple of the natural gas stocks, with importer Excelerate Energy (EE) soaring 28% this month. Exxon Mobil (XOM) is considered more of an oil play but quietly has a huge natural gas operation. That stock continues to hit record highs and has popped 12% in January. The big issue is how much natural gas may go offline, with estimates ranging from 10 billion cubic feet to around 80bcf. Stocks to watch: Based on FactSet data, producers with the most upside seen by analysts include Antero Resources (AR) at 29.6%, EOG (EOG) with 24%, Expand Energy (EXE) at 21% and Coterra Energy (CTRA) at 18%. Context: 2021’s winter storm Uri wiped out about 30bcf of daily natural gas production, or about 1/3rd of total American output. Despite that, natural gas prices barely budged in the storm. The price spike we’ve seen recently is multiples larger than four years ago. No one I’ve spoken with or read research from is calling for more of a …
