Back in late October, I highlighted Dynegy (NYSE: DYN ) in this video. During that segment I suggested any approval by the Illinois Pollution Control Board to give Dynegy five years to meet environmental standards for coal-fired power plants in Illinois could create a bullish momentum play for those investing in energy.
That upside view would gain strength especially if natural gas prices move upward this winter considering this company's trading pattern is very much correlated with the direction of natural gas futures. Well, they did receive regulators approval to defer pollution control on those coal plants and prices of natural gas are ticking higher so this may now be a name to consider from the long side.
While natural gas prices aren't surging, production surely has been
Record oil and natural gas production is revolutionizing the United States' energy position. Finding the right plays while historic amounts of capital expenditures are flooding the industry will pad your investment nest egg. For this reason, the Motley Fool is offering a comprehensive look at three energy companies set to soar during this transformation in the energy industry. To find out which three companies are spreading their wings, check out the special free report, "3 Stocks for the American Energy Bonanza." Don’t miss out on this timely opportunity; click here to access your report -- it’s absolutely free.