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Last week, The Atlantic pointed out that New York's energy infrastructure transformed, but nobody really paid attention to the $856 million natural-gas-pipeline expansion. The 20 miles of new pipeline has the capacity to heat 2 million homes, but investors should be focusing on the importance of new end markets for low-cost natural-gas producers in the nearby Marcellus shale.
EQT Corp (NYSE: EQT ) and Cabot Oil & Gas (NYSE: COG ) are two low-cost producers that offer tremendous upside for investors. Both producers have decades of inventory in the Marcellus and both are profitable in today's low natural-gas-price environment. With expanding pipeline projects like the New Jersey-New York project, and LNG exports starting in another year, low-cost producers have become even more attractive.
A look forward to 2014
The market stormed out to huge gains across 2013, leaving investors on the sidelines burned. However, opportunistic investors can still find huge winners. The Motley Fool's chief investment officer has just hand-picked one such opportunity in our new report: "The Motley Fool's Top Stock for 2014." To find out which stock it is and read our in-depth report, simply click here. It's free!
This segment is from Thursday's edition of "Digging for Value," in which sector analysts Joel South and Taylor Muckerman discuss energy and materials news with host Alison Southwick. The twice-weekly show can be viewed on Tuesdays and Thursdays. It can also be found on Twitter, along with our extended coverage of the energy and materials sectors @TMFEnergy.