Acquisitions & Divestitures

The tide has turned for natural gas, says Madison Williams analyst Michael Bodino, who emphasizes he is bullish on the near-term prospects for the commodity, in contrast to gas bears that believe technology has led to an oversupply.

"I don’t think the world is awash in natural gas,” he said. “Natural gas supply has evolved much like we predicted in the fall of 2008—the market is just going through its 12-step program."

Bodino spoke in Houston at NAPE.

The gas markets historically trend to an 18-month cycle, and he notes ...