SOURCE: The Bedford Report

The Bedford Report

January 25, 2011 08:46 ET

Natural Gas Rally Just Warming Up

The Bedford Report Provides Analyst Research on United States Natural Gas Fund and Range Resources

NEW YORK, NY--(Marketwire - January 25, 2011) - After a significant drop in 2010, natural gas stocks have been on a decent run in the New Year. While storage levels continue to remain well above 5-year historical averages, a cooler-than-normal winter has helped supplies drop. Additionally, promises from producers to reduce drilling until natural gas becomes more valuable should help curb supply concerns going forward. The Bedford Report examines investing opportunities in natural gas and provides research reports on United States Natural Gas Fund (NYSE: UNG) and Range Resources Corporation (NYSE: RRC). Access to the full company reports can be found at:

www.bedfordreport.com/2011-01-UNG

www.bedfordreport.com/2011-01-RRC

In its most recent "Weekly Natural Gas Storage Report" the Energy Information Administration (EIA) said there was a larger-than-expected drop in natural gas supplies. According to the EIA, natural gas supplies have dropped for ten consecutive weeks. Stockpiles held in underground storage in the US fell by 243 billion cubic feet for the week ended January 14, 2011. While the news is positive, the current storage levels are still 2 percent higher than the 5 year average. Natural gas supplies have grown in recent years as new technologies have made it easier for producers to unlock previously unreachable reservoirs in onshore shale formations.

The Bedford Report releases regular market updates on the natural gas sector so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.bedfordreport.com and get exclusive access to our numerous analyst reports and industry newsletters.

While the industry tries to reduce its ballooning supply, some companies involved in natural gas drilling in shale formations are caught up in legal battles. Marcellus Shale -- which stretches under Pennsylvania, New York, West Virginia and Ohio -- has become the centre of focus of many oil & gas companies and is seeing a growing number of complaints due to the risks of contamination of water reserves in the area. In fact, activist shareholder groups announced Friday they have filed resolutions with nine oil and gas companies that use hydraulic fracturing, or "fracking," to extract gas from shale formations thousands of feet underground. Drilling is booming in Pennsylvania and West Virginia but New York has restricted drilling until environmental questions about the potential threat of the technology can be answered.

The Bedford Report provides Analyst Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Bedford Report has not been compensated by any of the above mentioned publicly traded companies. The Bedford Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at http://www.bedfordreport.com/disclaimer

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